"6.2 trillion dollars" says trump before signing the bil

[orleans]

i thought i must have heard wrong

watched the video on cspan.
nope.
i heard correctly

this fucking MORON said SIX.2 trillion!!!

https://www.c-span.org/video/?470779-1/president-trump-signs-coronavirus-economic-relief-bill

(about 20:08 in the video)

[jimfields33]

1. This is the third bill so that's total.

[stopbush]

2. He might be correct when you figure in the seed money approved to the Fed

Last edited Fri Mar 27, 2020, 06:16 PM - Edit history (1)

to fund loans to big biz.

[orleans]

5. first time i've ever heard of it referred to as SIX.TWO n/t

[pat_k]

3. I think that's actual amt with level of leveraging of funds the Fed can do in loans to Corps...

... i.e., they will be lending multiple times the amount of the funds approved.

[orleans]

7. i'm willing to acknowledge that the fucker just can't think clearly or speak clearly

i don't get why people posting are saying yeah, it probably is a bill for six trillion dollars

can someone give me a link to show that trump was correct in saying that? or that, in actuality, six trillion is the correct amount? i'm googling and i certainly can't find anything like that

my point is that it is this HUGE bill and he can't even get the amount of it straight when he references it.

[pat_k]

10. Here you go.

NY Times
How the Fed’s Magic Money Machine Will Turn $454 Billion Into $4 Trillion

I also saw some headlines asserting the 454 billion could be leveraged into 4.5 trillion in loans, so the exact figure is a little fluid. But the 2 trillion + 4 trillion pumps at least 6 trillion in the economy, with a vast majority of that going to big biz.

[orleans]

14. omg! ugh! i didn't know. thanks for the link. (insert sad face here) n/t

[Thomas Hurt]

4. That's a lot of socialism...

[NewsCenter28]

6. The 6 Trillion

refers to total Federal Reserve/Federal government stimulus spending so far. I saw an article talking about the 6 trillion total on Politico not too long ago.

[Celerity]

12. +100000

saved me the time!

[NoMoreRepugs]

8. Thank goodness for "deficits don't matter" unless

a Democrat sits as President.

[orwell]

9. But we can't afford...

...Bernie Sanders' 10 Trillion SOCIALIST Medicare for All proposal over TEN FUCKING YEARS!

See how easy it is to create money out of thin air when you are baling out the ruling class.

Now the rest of you cannon fodder can go back to work without a net and save Murrrrica...

[Wellstone ruled]

11. Watch,there will be additional

bills to follow. By June there will be a need for a few trillion extra just to cover Unemployment as well as Health Insurance and Food Stamps and most likely a supplemental check for most Americans.

Pay attention to what is happening in Canada 70-80% of Pay Checks guaranteed by their Federal Government thru October.

[Celerity]

13. see post 6

[spanone]

15. He's taking credit for the House bill too....

Fucker.