Breaking down the executive actions Trump signed on coronavirus relief (CNN)

[Mike 03]

CNN
Kristen Holmes, Zachary B. Wolf, Tami Luhby, Katie Lobosco and Kevin Bohn
Updated 11:57 AM EDT, Sun August 09, 2020

Excerpt:

But a close read of the actual text of executive actions he signed Saturday suggests that even if they are deemed constitutional, they will not quickly deliver the aid Trump promised. They may not deliver much at all.

Here's a breakdown of the actions, the many strings attached and questions about what they actually accomplish.

Unemployment benefits

Trump described the memorandum signed Saturday as an action providing "an additional or extra $400 a week and expanded benefits." But in reality, the additional unemployment aid is more complicated than the White House acknowledged and experts say it may not help a lot of the unemployed.

Under the previous unemployment benefit passed by Congress, millions of Americans received an additional blanket $600 a week from the federal government on top of their state unemployment benefits.

States have to chip in. Now, under Trump's measure, the federal government is requiring states to pick up the tab for 25% ($100) of the as much as $400 additional benefit each person may be able to receive weekly in additional aid. On top of that, a state must agree to enter into this financial agreement with the federal government for any unemployed person living there to get any of the additional benefits.

States are in dire financial straits. Many states have already asked the federal government for major financial help. Several experts told CNN there are major questions about how many states may be able to afford the extra cost.

Read more: https://amp.cnn.com/cnn/2020/08/09/politics/trump-executive-actions-coronavirus-explainer/index.html

Pretty decent autopsy of the worthless carcass Trump handed Americans yesterday. Also covers Evictions, Payroll Tax and Student Loans.

[no_hypocrisy]

1. Ah . . . . the fine print.

[TreasonousBastard]

2. Trump hired some brilliant PR flacks from his old days as Bullshitter-in-Chief of the...

Trump empire.

But, he never once actually had to pay up on the promises and bullshit back then. This is different, but he doesn't understand.

[SheltieLover]

3. Putin pr ploy

🤬

[MaryMagdaline]

4. Trump University scammers at it again

[ProfessorGAC]

5. PINO Has No Money To Do This

EOs do not make money magically appear.
Without Congressional action, the funds don't exist.
This article barely mentions Congressional approval, and never applies it to PINO's promise of $300/week. That $300 does not yet exist.
Also, they're wrong about companies not withholding payroll taxes, especially their half.
Of course they will withhold it! They will use that cash as a fee free alternative to short term line of credit. They save the fees of 1/8th percent.
If the payroll is a billion, they're not withholding $85 million. They don't do short term, timed borrowing, saving that 0.125% in fees. That's a million in free money, around 700 grand after taxes. That fully pays for 5 or 6 people. Of course they're going to stop withholding.
And after one month, the excess just gets banked. So, they pull it out to pay when the deferral period expires, but they make $700k.
This is a pretty sloppy article by CNN.

[ananda]

6. Ha! All bluster and no bang! Also ...

"Education is what you get when you read the fine print.
Experience is what you get when you don't."
-- Pete Seeger

[gristy]

7. Goal is to bankrupt the blue states and/or put them in a bad way to have to refuse the $400/person

He's got backdoor grants ongoing to his red states. They'll be able to afford that 25% no problem

[Native]

8. CNN did a great job with this.

[WyattKansas]

9. I wonder how pissed off Chief Justice Roberts is now that Donnie Dumbfuck has used him as...

An excuse to burn the Constitution completely and anoint himself as King Dictator of The Soviet USA?