Trump’s Orders Can’t Replace Stimulus Checks, Unemployment Aid, And State And Local Funding

“it took 10 years to catch up on the output lost in 2008”

due to the Great Recession. Output gaps represent not only lost incomes, but foregone investment in productive capacity for the future, so a larger gap now means a slower recovery and lower standard of living, and less productive capacity for future growth.Forbes contributor Simon Moore notes that this spring’s CARES Act “provided an absolute boost to GDP of approximately 20% over a six month period,” but Trump’s orders at best would be “only a tenth as large, closer to 2% over the remainder of the year.” into the economy. That spending has kept the economy from being even worse. But many experts now see the economy stalling out as Covid cases continue to rise, with no vaccine in sight.

So Trump’s executive orders are simply not up to the economic problem, even if they survive legal challenges. And they may not even go into effect. His state unemployment benefit proposal for an additional $400 weekly benefit requires states to provide 25% of the funds, at a time when When asked how governors can participate given their own dire budget problems, Trump said “if they don’t they don’t; that’s up to them.”

But wait, I thought he’s the smartest, greatest president of all time, who understands how laws in this country work 🥴

What about a second $1200 check for people in need who aren't on the $400/week unemployment payment program?

Then the Dem's shouldn't have left the negotiating table.

Like I said before anarchy is coming if they don’t pass something soon. People it’s going to be bad. Mark my words. 😳😳😳🤭

JohnCornyn tedcruz Deal or no deal? Don is doing a con on USA & media is enabling. Do the right thing. Infrastructure work groups outdoors? WPA? Hey, seen the dams & roads? Seen the grid? GreatOutdoors InfrastructureStimulus

This was ALL a lie before the Americans people. We MUST get this treasonous, so called President out of office for he’s destroying our Democracy. trumps Republicans are letting him succeed along with Putin’s play book to destroy us.

COVID19 Stimulus: Never Trump can only whine while realDonaldTrump does all he can for Americans. Their hero SpeakerPelosi could only spit epithets on her weekly contribution to FakeNews. tt:ckchumley maggieNYT PressSec

It can keep a 3 trillion socialist wishlist from happening though 🤣

In other words, realDonaldTrump executive order is impotent. Figures. ImpotusAmericanus

Prepare your handover notes for, come November.

Agreed.

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