Romney proposes sending $1,000 checks to every American to ease coronavirus economic pain

[SomewhereInTheMiddle]

Source: CNBC

GOP Sen. Mitt Romney proposed on Monday sending every American adult $1,000 to ease the financial pain of the coronavirus pandemic that has tanked global markets and threatened to grind U.S. economic activity to a halt.

The proposal from the 2012 Republican nominee for president came as the White House and Congress work to reach an agreement over the necessary stimulus measures to contain the unfolding economic crisis.

National Economic Council Director Larry Kudlow, asked on Monday by a reporter whether the White House would support direct cash assistance to American households, paused and said “we might.”

“The answer: ‘could be,’” Kudlow said.


Read more: https://www.cnbc.com/2020/03/16/coronavirus-stimulus-romney-proposes-1000-for-every-american.html

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Will the GOP adopt Andrew Yang's idea or is this just a one time thing? IS there any chance this could make it through the Senate? If so would the President sign off?

[EarthFirst]

1. No way this doesn't come with strings attached...

That $1,000 will be an advance on some entitlement program.

[MosheFeingold]

16. Romney

Is running for Democrat VP.

He's scum. Just ignore him.

He will say anything, do anything, for power.

[HarlanPepper]

17. ?

After Biden said he was going to pick a woman at the debate last night that seems even more highly unlikely than it did before he said it. And by highly unlikely I mean not going to happen.

[MosheFeingold]

18. Doesn't mean he won't try

He tried to be Trump's VP.

He's a scoundrel.

[Polybius]

21. No he didn't

He was a never-Trumper, and did not vote for Trump. After Trump was elected he met with Trump as a possible SOS.

[LisaM]

2. This doesn't make sense. They need an income threshold.

People who make a certain amount over the cost of living in their state (and who won't lose a paycheck) shouldn't get it. Others should get more. The people who don't need it will ultimately just invest it.....oh, wait! Now I see what he's doing.

[SoCalNative]

3. Exactly

it's a nice idea but I don't need it as my company has instituted work from home protocol until further notice, so I will still be receiving a full paycheck every 2 weeks.

[oldsoftie]

15. What about those of us who dont GET a paycheck because we're self employed?

[stopbush]

4. That would be $209-billion.

Our country can easily afford that.

[TexasBushwhacker]

25. Especially since the money would go straight back into the economy

[bucolic_frolic]

5. Mitt is self-imploding

This proposal goes around the Fed, Congress, stock and bond markets, the IRS. This has zero chance of passage. Trump will not sign it.

[yaesu]

6. Sounds good as long as the rich are taxed to pay for it & its not "borrowing" from ones social

security.

[BlueIdaho]

7. Maybe he should call Andrew Yang...

I bet he knows how to make it work...

[VMA131Marine]

8. This is a good idea

Essentially the Fed can print money to do it and call it quantitative easing. Normally this would be inflationary, but in an economic contraction of the scale we are likely to see in the next couple of months it would likely soften the landing and speed the recovery.

[catrose]

9. It's a start.

[TheFourthMind]

10. Must be losing their minds dealing with something they can't throw our money at to make go away.

I wonder if anyone on the crew of the Titanic was putting the sinking people's minds at ease by offering them $1000. Or whatever the equivalent was in 1912, which I think would be $38.27

[many a good man]

11. I think this is a good idea

There's no time to figure out who needs the money now and who doesn't.

At the end of the year when this is over we can just have everyone who didn't need it pay it back in the form of taxes.

I think someone should also propose a debt holiday. Any loan or payment due is automatically extended without penalty. For example, every 36 month car loan becomes a 37 month car load with no penalties.

[cstanleytech]

12. Raise it to 8k for everyone except singles or couples that earn 100k or more.

And I mean everyone from the disabled to the retired or to those working 40 hours a week as long as they earn no more than 100k a year.
Of course for the disabled and elderly the various states and assistance programs need to be forbidden from counting it as income otherwise it would kick them off.

[turbinetree]

13. You know what, there was Congressman that proposed a $6,000 dollar relief.................

and I can't fine the article.......................help....................better yet why not a proposal to stop home, renter, car and credit payments for like 6 months......................why the hell not.............................

[Yo_Mama_Been_Loggin]

14. Buy a new car or a kitchen remodel.

That's what they told us to do with Drumpf's supposedly $1000 tax cut.

[rockfordfile]

19. No

[Polybius]

22. No?

Why not?

[Skittles]

20. those tax cuts for the wealthy would come in handy RIGHT ABOUT NOW

FUCK REPUKES

[JmAln]

23. Whatever they do,

they better do it fast before this thing turns into The Great Depression II. The death toll from the corona virus will pale in comparison to the coming depression.

[GReedDiamond]

24. $1000 every month through the duration of the Trumpandemic...

...might be pretty helpful for the People.

A flat $1000 over the span of ??? how long?

Four months? Six months?

A one-time payout of $1000 is not near enough for an extended crisis, if I'm reading the article at the link correctly.

Plus it's an incentive to actually do something at the root of the problem - which is dealing with Trump himself - take out the fuckin stinking trash to stop the US Treasury monetary hemorrhaging.

[truthisfreedom]

26. Per month. With extra for kids.

[pamdb]

27. Checks

Would that also apply to retired senior citizens who aren’t working anymore? Assuming we are still going to be getting our social security checks.

[duforsure]

28. These checks need to be higher like around $2500- $5000 each

Because this is going to be a prolonged crisis, and it would stimulate the economy much quicker than other plans , and Like Senator Warren said , a $200 a month increase for all Seniors on SS ASAP and have that continue until its long gone. The people getting funds directly will help people the most right away, and they need help ASAP , not two weeks away maybe.

[treestar]

29. Gee how nice

does that include the 47% of us who take no responsibility for our lives?