i am skeptical about 2 TRILLION dollars for a disease that seems like it could potentially be a huge deal but for now doesn't seem more menacing than other illnesses
This is on point. I am of the opinion we should be open for business. Wash your hands. However the economic damage is real and it is immense. We cannot allow our country to go out of business.
The Fake News, Democrats and internet shills and their ingrained habit of making everything about OrangeManBad caused a lot of panic.
They are getting a lot of treasure for themselves out of that panic and this necessary reaction to mitigate the damage. Damage that their own hatefulness and lust for power created.
They have been unrelenting in trying to paint President Trump as incompetent in his response.
They are evil and their attempt to hold the country hostage, in total disregard for the suffering caused by their actions needs to be remembered, catalogued, and thrown back into their faces come election time.
How can it lead to massive inflation ? Or ANY inflation at all ? The whole country and possibly world is in a deflationary holding pattern. You could and they are going to, print money by the trainload to give people some income. And it won't be April. Not a hope for MOST of the economic engines of the country. More like May for say someplace like NYC.
It's not the virus that is the problem. It's what the reaction to it is doing to the economy that is the problem.
These aren't normal times. Whether the response to the virus was right or wrong, the damage is done and small businesses and workers alike need relief.
Normally I am against any sort of stimulus bs, but state and federal governments have put too many in a terrible position. We need a financial ride through so we are in a position to roar back when this is over, instead of picking up the pieces on mainstreet.
Congress, as it exists today, was never supposed to exist. This version of Congress was never the intention of the Congress established by the founders in the Constitution. Congress is entirely broken and corrupt and must be torn down and reformed from the ground up.
What's the history of the 17th? Was there a problem with the system before? Or was it a case of Congress seeing a way to give themselves life terms and almost no accountability? It seems easy enough for the states to repeal the 17th. I know an Article V Convention has never been done and is generally considered next to impossible, but this issue seems like a slam-dunk for the states: they should all agree to repeal the 17th. Would Congress then repeal the repealing? What's to prevent amendment ping-pong?
The bigger issue is that people won't understand why it should be repealed:
“The improbability of such a mercenary and perfidious combination of the several members of government, standing on as different foundations as republican principles will well admit, and at the same time accountable to the society over which they are placed, ought alone to quiet this apprehension.”
The Federalist no 55
I'm pretty sure the "problem" that led to it was the perception that it's "undemocratic" despite that being the idea. The Senate, House, Presidency, and Supreme Court all were elected through entirely different means to prevent an outside entity from taking control of everything, due to the diversified source of powers. One of my favorite parts of the Federalist Papers talks about how Philip of Macedon gained control over the Amphictyonic League, and drives this point home very well.
The framers knew what they were doing so much it still blows my mind. Yet, some fresh out of college dipshit thinks they know better.
I find it easier to frame it in a "states representation" argument. At current, we have 50 state governments that have exactly ZERO say in the federal government, and that is a recipe for tyranny.
I agree with you, but that can be a tough sell for someone who unironically thinks the idea of “equal state representation” is an outdated relic (one facet of that being people who want to move to a national popular vote for President, which would further erode the foundation that was begun with the 17th amendment). Some people think California and NY should run the entire country because they have more people... Or conversely, they think Wyoming and Alaska should have no say because they’re sparsely populated. I reserve the deeper argument for those cases.
It's really quite enlightening when we see how absolutely ineffective our congress really is... It takes a massive global crisis for these clowns to act like they even care, and even then they are more loyal to their special interests and pet projects.
Continued industrial spying and intellectual property theft are not business as usual. Cyber-attacks are still attacks. Laissez-faire doesn't mean letting a hostile foreign power threaten our economy and our national security.
Declare China an enemy state. Universities, Big Tech, the media, Diane Feinstein, the Bidens et al, anyone who accepts money from them or spreads their propaganda is collaborating with the enemy and committing treasonable offenses punishable by law or military tribunal.
Prescott Bush (who started a family tradition of war-profiteering) got away with this sort of thing with the Nazis.
"A firm of which Prescott Bush was a director was involved with the financial architects of Nazism...
His business dealings...continued until his company's assets were seized in 1942 under the Trading with the Enemy Act..."
Tempting. But I can't help feeling sorry for the vast numbers of Chinese who are more victims than collaborators (or maybe both). There are millions and millions of Chinese who hate a regime that's doing things TO them but nothing FOR them. But anyone who speaks out gets disappeared or run over by a tank.
There are--maybe--signs of hope. According to this report, even Xi's cronies in the CCP may be getting fed up with his brutality, incompetence and power-mad neo-Maoism. A coup in the works? It's possible.
I wish we could fire every one of those motherfuckers and have zero new legislation for a period of two years, after which a whole new gang gets elected and starts over.
Texas is being invaded by a foriegn horde. It's almost worse than cali. How long do you expect that freedom to last when your state is becoming mexico 2.0?
Democrats stripped out $3 Billion for oil purchases to restock the Strategic Petroleum Reserve which has been tapped in previous years to generate revenue to fund various legislation and not replenished.
They're calling it an "oil bailout" when it's not even a bailout. It's a smart move to buy oil when prices are very low to replenish the crucially important SPR. It's a purchase of a commodity on the open markets and none of the money goes directly to specific oil companies as a bailout. But none of that matters to the Dems they are absolutely intent on destroying the oil industry.
As someone from an economic region heavily dependent on the oil industry for good jobs -- FUCK YOU DEMOCRATS!!
Moreover, in a time when oil is low, and we are enjoying the result of booming oil industry in the US, purchasing from domestic companies would be of significant value to industry, the economy, and it's employees. It's win win win win
When I looked into this a few days ago it seemed like the amount that the US gov could buy wasnt that much. (I still think filling it up is worth doing) I think the max capacity is around 720 million barrels and it currently somewhere in the mid 600 billion barrel level.
"The SPR entered calendar year (CY) 2018 with 662.8 million barrels (MMbbl) of crude oil, and at the end of CY 2018 (as of December 31, 2018), the SPR held 649.1 MMbbl"
Here is an article which makes the argument in quite a lot of detail why SPR purchases will not be large enough to make a difference. I still think the US should do it but in the strategic way the author argues for.
Trump’s announcement should be viewed in the right perspective. In our view, it does not mean that the United States will buy non-stop to reach the maximum storage level. This does not make sense because SPR crude inventories are already quite high and US domestic production is elevated, at least for now. The SPR purchases are meant to give downside protection to crude oil prices. It is quite possible that the government has a floor level in mind (maybe $20 or $25). In this case, there will be a mechanism to gradually make crude purchases below this threshold.
Yeah so instead of finally inserting some stability to the oil markets by asserting a floor, now there's nothing holding it up and protecting against further declines. Prices are so low right now that any further drops could be catastrophic. First mass layoffs and then oil companies folding up left and right.
I propose that congress permit me or any other random nobody to collect votes from the representatives not present and in quarantine, and that I be permitted to deliver them to the house floor for immediate tabulation.
What do you mean that's insecure and rife for abuse? Seems fine for California
I want to know what the fuck is in this goddamn bill. How does this fucking thing go from 1.3Trillion to 1.5Trillion to 2trillion. All wreaks of poison pills and bullshit. I blame both sides
Shotgun 2. Sidearm 3. Sig MPX. Order of
Priority if you don’t own any yet. Sidearm: glock, smith and Wesson, h&k - 9mm will keep rounds consistent for when you go big with the MPX.
I want a rifle before I get a shotgun. Not a lot of penetrative power on a shotgun (non-slug), and the range isn't great. A rifle round will go through pretty much all natural, day to day cover. I'd even take a bolt action at this point. The fighting isn't going to be close range. It's going to be a strategy of rifle deterrence, imo.
Wow, another completely retarded government spending spree just because of the sniffles pandemic. Dems get oversight on which companies get pieces of the $500 billion. Gee, wonder where they'll go. Also, pay attention to the companies that get this money - and which CEOs get multi-million dollar bonuses paid for by you, me, our kids, their kids, their kids...
This exactly. The markets will come back without trillions of dollars of bailouts. Extend small business loans and help companies with unemployment insurance. Beef up medical funds and call it a day!!!
Fortunately unlike Obama's abysmal bill this only gives out loans to big businesses. The only exception are planes because they pose security risks if underfunded.
I think this is another 4-D chess move by Trump. If we get a stimulus, he can give the people aid they desperately need right now, but also show how much of a toll it took to do it, and why doing such a thing permanently would be unsustainable. In addition, this is also waking people up to the need for strong and secure borders.
I'm so hard I could cut diamonds just thinking about it.
Not gonna lie though, they would probably all be so damn stubborn toward eachother because they are all alphas it may not work. You need some beta bitches in the room (Amash I'm looking at you)
this is gonna bring the markets back...i dropped a chunk of my tax returns into the market, buying things like carnival cruise lines, other tourist/entertainment stocks that were the hardest hit
most were down 70-80%
i'm up 50% already. i expect 150% returns or better
i think the bottom was already priced in. the hit on gdp is going to print better than people expected. most people are still working, losses in some sectors will be offset by a glut in others.
Good point. Probably be more harmful to Rand than anything. Having to listen to Bernie ramble about "BILLIONHARES" could make a person lose their fucking mind.
A relief bill for Americans and small/medium businesses shouldn't be more than a page or two. But then Congress wouldn't be able to give money to their pet projects and bribe their donors.
Bailouts for industries and larger companies should be separate legislation.
I've been talking to my mom more frequently these past few days. Sadly, she has some pretty bad TDS and has had it since the 2016 election. It got so bad that politics of any kind could not even be discussed around her. Weirdly enough, she brought up politics this past week, and she was even somewhat calm. She mentioned the initial stimulus bill from the senate repulicans and how it was ridiculous about it being 240 pages. The next day when we spoke, we talked about the changes and I mentioned the 1,400 page democrat house build. I was amazed when she expressed how there was no way that could be on the up and up.
I thought it was impossible, but my mom might be recovering from her TDS. Dare I dream that maybe she can completely recover by November and vote for Trump? Well, the democrats seem to be helping her recover with their recent actions at least.
My wife is the same way. Not TDS, but she's nominally a Democrat. Lately though she's been coming around.
I think they're starting to realize they've been lied to. Over and over again. Every time the media said, "The walls are closing in" and "The beginning of the end" they've been proven wrong. After three years, it begins to wear on you.
The breaking part is the social justice stuff. I'm a glorious straight white man, she's a chicana. Whenever she hears Democrats casually talk about how straight white men are the devil, she thinks of her husband, and her mixed race son who is pretty fucking white and has an English name. It's starting to dawn on her that they're talking about her family.
We have two choices here with what is happening to the economy. We can prop it up, or we can let crash out completely. Nothing would make Democrats happier than seeing the market go all the way into the shitter, because if it does, Trump loses the single biggest thing that he has going for him in November and they will hammer it day in and day out until he's out of the White House.
The economy needs to be supported, and regular Americans who are out of work need to be supported right now. It's not ideal, but the government is actually doing its damn job and protecting citizens with this - it's not some massive, unending entitlement program that will drain the federal budget for the next 100 years. It's an infusion of cash in multiple places to keep the overall economy alive.
Thank you for being one of the few people in this site that hasn’t broken down into hysterics in order to rile everyone else up and actually use reason and a level head to look at what’s currently happening.
And if you got your way, you could take a picture with the headlines about him losing when the economy is completely destroyed and he gets blamed for it. The state of the economy is the absolute best indicator of whether or not an incumbent president will be re-elected.
Maybe you could throw in a selfie with all the headlines screaming how Trump doesn't care about poor people and businesses for good measure.
From what I've read there's money for absentee ballots, but not forcing states to do same day registration or any of Nancy's other bullshit. Absentee ballots are already a pretty regular thing especially for the military although they are abused by the libs for sure. As long as there's no same day bullshit or any of the other crap they use to pump up their numbers, it's nothing that can't be combated. We're already cleaning up voters rolls thanks to orgs like Judicial Watch.
Also, as Hannity and O'Reilly pointed out during their discussion on the radio yesterday, there's nothing in this bill that the Republicans can't fix later especially once we reclaim our majority in the House.
Do you have a link? I know the Senate bill still has the dumb art funding, but I haven't seen anything about it keeping the mail in (fraudulant) ballot bullshit from crazy Nancy's bill.
That money is in the form of grants for states. Individual states can choose to take that money or not. The states that already do vote by mail will take it, and those that don't will ignore it. It makes no difference, and if 0.02% of the bill must be wasted on nonsense like that in order to pass then so be it.
I heard Schumer is out touting that he put language in there to ensure the Trump family of businesses won't profit or benefit. I wonder if he and his fellow politicians were so noble to apply the same standard to themselves or are ethey just going to stick to insider trading and consultative kickbacks...all legal for them of course.
It also blocks members of congress and their families' businesses from receiving aid, so it's not just targeted at Trump. Although he probably would suffer the most since he owns travel/hotel related stuff and also owns the most.
Is there any consistent information on this thing yet? I keep seeing all of these contradicting posts. Is this the original bill or one that was modified with some of crazy nancy's bullshit? Any version of this with ballot harvesting cannot be passed. Yet people keep saying it's still in this bill for some reason.
Awful. The MTA is a disaster. So much corruption. If the MTA wasn't such a mess it wouldn't bother me so much. NY's transportation system needs an overhaul/update. Unfortunately, that money won't see a single real project.
Why is it that the government can send millions and millions to help aid other countries but they fight over helping there own people it’s beyond me ....
It’s easy to understand. The US gov is irredeemably corrupt, and politicians receive kickbacks for sending ludicrous amounts of money to shithole countries with little oversight.
I think saying that “I don’t understand”, even if sarcastic is counter productive. We need to shift the Overton window and start calling a spade and spade. The gov is corrupt to the point that only citizens physically removing politicians will make a difference. The swamp is NOT going to prosecute or punish itself. That is up to WE THE PEOPLE
Do you ever wonder how the US is able to just put their military wherever they want? Bribing other countries with aid tends to help with that, among other things.
And this all could've been avoided if the media hadn't hyped the shit out of this virus and caused panic and hysteria. That always causes politicians to go off the rails. Just look at mass shootings.
I'm opposed to any form of help to anyone in this case - it's a bullshit shutdown, tons of theater, and no value in any of it. That said, I do have a hard time with the hate on big corps in this case. I work for a F200 manufacturing corp and we're getting hit HARD. Demand for product is around zero, we're shutting down almost all factories globally in 30+ countries, and we have tens of thousands of people out of work. We cannot afford to pay them while we're shut down. I don't care how rich the CEO is - we don't have cash to cover operating expenses that don't lead to product.
It's not my company's fault that regional and local governments are forbidding people to come to work, and not our fault that a bullshit panic made our product demand evaporate, and not our fault that maintaining our investment grade and financial ratios so that we actually have investors requires that we don't sit on enough cash to idle for weeks or months on end at full cost.
The bailout isn't going into some rich leader's pockets in our case, at least - it's going to avoid unpaid furlough of our US citizens who are getting fucked over by their own government. Come to think of it, government is the cause and the solution to this issue, eh?
Been saying this for a while -- they're playing hostage with our own goddamn money and then asking us to kiss their ass as if they are creating this money out of thin air. Clown world.
they should have worked with banks to defer mortgages/rents for landlords somehow. You can live off $100 of carefully bought food for weeks. There arent many other absolutely necessary large expenses than those 2
Yesterday a post outlined how Dems were trying to sneak in a provision to allow volunteers to truck in absentee ballots in unlimited numbers "so people wouldn't have to go to polls". A technique used to steal votes in California. Do we know if this made it to the version being voted on? I scanned the text and couldn't find it but want to be sure.
That was in the House bill, not the Senate bill. The House bill is a steaming pile of trash that shows how Pelosi cares more about scoring political points than helping Americans.
Assume it and ull be correct. Trumpnought to read the shit they put in it publicly and then tear it up and yell at them to fix it right or go home. Of course if they fail to act rationally martial law is an option.
"We know you're all hurting and need money right now...but before we give you anything, let's spend a whole day talking about how great we are for giving you anything."
Trying to load it full of pork and globalist crap even pissed off my liberal friend and he stays as far away from politics as he can get and he still heard about it.
I don't trust this shit at all right now. No one is giving us the full details and this is clearly different from the original Republican drafted bill. It has been increased from 1.3 to 2 trillion. So what is the extra cost for? President Trump cannot cave into this if any pork in that bill. Veto this shit if necessary and just reopen the country.
Don't give the democrats a single fucking thing. Relief aid is irrelevant if it means the destruction of our country through ballot harvesting and immigrant invasion.
Know what's funny.
A comedian telling jokes in an empty room is fooling no one but himself.
A politician giving a speech in an empty room is fooling everyone and himself.
I quit stand up for 12 years.
Know what I did?
Sold aluminum siding.
Came back.
Made it big.
Think about it as you listen to these idiots.
He's not going to get good press no matter what he does, so he might as well do the right thing or it's just going to come back next flu season. The federal government doesn't have the authority to soak the taxpayers to "make everyone whole".
I'm not touching it. It's gonna sit in my savings account and collect interest until we see how it will be paid back (via higher taxes or something like that)
i am skeptical about 2 TRILLION dollars for a disease that seems like it could potentially be a huge deal but for now doesn't seem more menacing than other illnesses
maybe i am not being fearful enough
also 2 TRILLION
This is on point. I am of the opinion we should be open for business. Wash your hands. However the economic damage is real and it is immense. We cannot allow our country to go out of business.
The Fake News, Democrats and internet shills and their ingrained habit of making everything about OrangeManBad caused a lot of panic.
They are getting a lot of treasure for themselves out of that panic and this necessary reaction to mitigate the damage. Damage that their own hatefulness and lust for power created.
They have been unrelenting in trying to paint President Trump as incompetent in his response.
They are evil and their attempt to hold the country hostage, in total disregard for the suffering caused by their actions needs to be remembered, catalogued, and thrown back into their faces come election time.
https://www.nih.gov/news-events/news-releases/nih-clinical-trial-investigational-vaccine-covid-19-begins
Yep, Trump curse incoming!
How can it lead to massive inflation ? Or ANY inflation at all ? The whole country and possibly world is in a deflationary holding pattern. You could and they are going to, print money by the trainload to give people some income. And it won't be April. Not a hope for MOST of the economic engines of the country. More like May for say someplace like NYC.
I think at this point the panic has done more damage than the disease itself. I'd imagine this stimulus is REALLY about the fallout from panic.
The government revoked our ability to provide for ourselves. Now the government needs to take care of us.
No. Now we need to take care of the government, before they take care of us.
It's not the virus that is the problem. It's what the reaction to it is doing to the economy that is the problem.
These aren't normal times. Whether the response to the virus was right or wrong, the damage is done and small businesses and workers alike need relief.
Normally I am against any sort of stimulus bs, but state and federal governments have put too many in a terrible position. We need a financial ride through so we are in a position to roar back when this is over, instead of picking up the pieces on mainstreet.
We have 100T+ in unfunded liabilities; so what the hay, money is no object! How about we spend 4T if it makes people feel better.
no we must destroy America because monopoly money concerns reee....
You mean to destroy America so we can eventually save it....
Congress, as it exists today, was never supposed to exist. This version of Congress was never the intention of the Congress established by the founders in the Constitution. Congress is entirely broken and corrupt and must be torn down and reformed from the ground up.
TERM LIMITS
Repeal the 17th amendment
What's the history of the 17th? Was there a problem with the system before? Or was it a case of Congress seeing a way to give themselves life terms and almost no accountability? It seems easy enough for the states to repeal the 17th. I know an Article V Convention has never been done and is generally considered next to impossible, but this issue seems like a slam-dunk for the states: they should all agree to repeal the 17th. Would Congress then repeal the repealing? What's to prevent amendment ping-pong?
The bigger issue is that people won't understand why it should be repealed:
The Federalist no 55
I'm pretty sure the "problem" that led to it was the perception that it's "undemocratic" despite that being the idea. The Senate, House, Presidency, and Supreme Court all were elected through entirely different means to prevent an outside entity from taking control of everything, due to the diversified source of powers. One of my favorite parts of the Federalist Papers talks about how Philip of Macedon gained control over the Amphictyonic League, and drives this point home very well.
The framers knew what they were doing so much it still blows my mind. Yet, some fresh out of college dipshit thinks they know better.
I find it easier to frame it in a "states representation" argument. At current, we have 50 state governments that have exactly ZERO say in the federal government, and that is a recipe for tyranny.
I agree with you, but that can be a tough sell for someone who unironically thinks the idea of “equal state representation” is an outdated relic (one facet of that being people who want to move to a national popular vote for President, which would further erode the foundation that was begun with the 17th amendment). Some people think California and NY should run the entire country because they have more people... Or conversely, they think Wyoming and Alaska should have no say because they’re sparsely populated. I reserve the deeper argument for those cases.
We need to vat clone the founding fathers and vote them in
1913 was the worst year in American history.
Gave the Senate to the Commies running Federal Reserve and they already had the House in their pocket.
It's really quite enlightening when we see how absolutely ineffective our congress really is... It takes a massive global crisis for these clowns to act like they even care, and even then they are more loyal to their special interests and pet projects.
This bill should be 1-2 pages. Period.
Drop all the pork.
Their masters will kill them dead.
You can't write a usable contract in that many pages. Silly measure of whether a bill is good or not.
Yeah, I mean the Constitution is what, one page?
Four pages, I think. Seems like a reasonable standard, no?
You're right, four pages. You're also right about a reasonable standard.
"Four pages, anything else is clearly bullshit pork."
Four pages to set up the greatest government to ever be conceived on planet earth, 1200 page Obamacare Act.
And here we are in 2020 arguing about what the words meant after adding 27 amendments.
There is no argument. It's all very clear. Don't let them gaslight you. It's even written in English.
China just got us into 2T more debt
Fuck China
They must pay
They will.
Decouple economies
Declare them an enemy state
Or put a 10% tax on all Chinese imports and let Capitalism do it's thing.
Continued industrial spying and intellectual property theft are not business as usual. Cyber-attacks are still attacks. Laissez-faire doesn't mean letting a hostile foreign power threaten our economy and our national security.
Declare China an enemy state. Universities, Big Tech, the media, Diane Feinstein, the Bidens et al, anyone who accepts money from them or spreads their propaganda is collaborating with the enemy and committing treasonable offenses punishable by law or military tribunal.
Prescott Bush (who started a family tradition of war-profiteering) got away with this sort of thing with the Nazis.
"A firm of which Prescott Bush was a director was involved with the financial architects of Nazism... His business dealings...continued until his company's assets were seized in 1942 under the Trading with the Enemy Act..."
http://archive.is/BrcnD
I don't know if that law is still in effect, but if not a similar law should be passed.
Or just take it over and rename it New Texas.
Nuke Beijing
Tempting. But I can't help feeling sorry for the vast numbers of Chinese who are more victims than collaborators (or maybe both). There are millions and millions of Chinese who hate a regime that's doing things TO them but nothing FOR them. But anyone who speaks out gets disappeared or run over by a tank.
There are--maybe--signs of hope. According to this report, even Xi's cronies in the CCP may be getting fed up with his brutality, incompetence and power-mad neo-Maoism. A coup in the works? It's possible.
https://www.breitbart.com/asia/2020/03/24/china-communist-party-members-share-letter-urging-removal-of-xi-jinping/
I went into this mess suspecting this whole fiasco was an elaborate means to get some "payback" from our recent China deals.
2T for a "pandemic" that was merely a blip on our flu season radar? That already has a cheap and effective cure?
Yeah, I'm skeptical as hell about this saga.
I wish we could fire every one of those motherfuckers and have zero new legislation for a period of two years, after which a whole new gang gets elected and starts over.
I'd like to walk through and tag a number of them for hanging, but that's just me.
It's not just you, believe me.
Username shows commitment and intensity. Good Pede.
Swift trial and swift punishment.
Did you know that Texas only convenes their legislators every two years? Seems to be working for them.
Texas is the best and last free state
Texas is being invaded by a foriegn horde. It's almost worse than cali. How long do you expect that freedom to last when your state is becoming mexico 2.0?
Congress should have term limits anyway I think.
Democrats stripped out $3 Billion for oil purchases to restock the Strategic Petroleum Reserve which has been tapped in previous years to generate revenue to fund various legislation and not replenished.
They're calling it an "oil bailout" when it's not even a bailout. It's a smart move to buy oil when prices are very low to replenish the crucially important SPR. It's a purchase of a commodity on the open markets and none of the money goes directly to specific oil companies as a bailout. But none of that matters to the Dems they are absolutely intent on destroying the oil industry.
As someone from an economic region heavily dependent on the oil industry for good jobs -- FUCK YOU DEMOCRATS!!
Moreover, in a time when oil is low, and we are enjoying the result of booming oil industry in the US, purchasing from domestic companies would be of significant value to industry, the economy, and it's employees. It's win win win win
When I looked into this a few days ago it seemed like the amount that the US gov could buy wasnt that much. (I still think filling it up is worth doing) I think the max capacity is around 720 million barrels and it currently somewhere in the mid 600 billion barrel level.
From the last annual report I could find: https://www.energy.gov/sites/prod/files/2020/01/f70/2018%20SPR%20Report%20to%20Congress.pdf
"The SPR entered calendar year (CY) 2018 with 662.8 million barrels (MMbbl) of crude oil, and at the end of CY 2018 (as of December 31, 2018), the SPR held 649.1 MMbbl"
50-80 million barrels of new demand is a pretty big deal.
I think Trump release some more in 2019 as well.
$3 Billion / ~$30 barrel is 100 million barrels
You can find the current amount of reserves here: https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W
It looks like you are correct. in the beginning of 2019 SPR had 649,139,000 and ended with 634,967,000 barrels
Here is an article which makes the argument in quite a lot of detail why SPR purchases will not be large enough to make a difference. I still think the US should do it but in the strategic way the author argues for.
https://seekingalpha.com/article/4332736-q2-2020-oil-glut-will-be-unprecedented
Yeah so instead of finally inserting some stability to the oil markets by asserting a floor, now there's nothing holding it up and protecting against further declines. Prices are so low right now that any further drops could be catastrophic. First mass layoffs and then oil companies folding up left and right.
Mail in ballots = 600M democrat votes all from China and Ukraine
I propose that congress permit me or any other random nobody to collect votes from the representatives not present and in quarantine, and that I be permitted to deliver them to the house floor for immediate tabulation.
What do you mean that's insecure and rife for abuse? Seems fine for California
I want to know what the fuck is in this goddamn bill. How does this fucking thing go from 1.3Trillion to 1.5Trillion to 2trillion. All wreaks of poison pills and bullshit. I blame both sides
Well buddy, they're gonna have to pass the bill to see what's in it. That's the way it works.
Besides, who doesn't love surprises?!?! I like surprises.
I feel like Lando talking to Vader when it comes to this bill.
Wasn't the first proposal $500b?
lucky enough to still be employed through this. Great idea !
I want a rifle before I get a shotgun. Not a lot of penetrative power on a shotgun (non-slug), and the range isn't great. A rifle round will go through pretty much all natural, day to day cover. I'd even take a bolt action at this point. The fighting isn't going to be close range. It's going to be a strategy of rifle deterrence, imo.
Are you in US?
Unfortunately waiting for communist state Illinois to accept/deny my FOID application.
Hell no. Trump, don't fall for it !
CONgress is Asshoe!
Congress is asshoe!
Congress is Asshoe!
Congress is ASSHOLIO
Chongress!
Politicians need to be taught to be afraid again.
Or their family members.
Went home? It’s barely fucking lunch time?
I'm amazed they came in at all.
That's a long day for politicians. Why that's barely enough time to get drunk and molest your underpaid assistants.
pass the bill to see what is in the bill???
Wow, another completely retarded government spending spree just because of the sniffles pandemic. Dems get oversight on which companies get pieces of the $500 billion. Gee, wonder where they'll go. Also, pay attention to the companies that get this money - and which CEOs get multi-million dollar bonuses paid for by you, me, our kids, their kids, their kids...
This exactly. The markets will come back without trillions of dollars of bailouts. Extend small business loans and help companies with unemployment insurance. Beef up medical funds and call it a day!!!
Fortunately unlike Obama's abysmal bill this only gives out loans to big businesses. The only exception are planes because they pose security risks if underfunded.
Idiots on reddit are going to take the 1k stimulus as a sign that "UBI works, drumphtard"
dont tell them about their taxes next year. let it be a surprise.
Assuming they pay taxes.
I think the stimulus is tax free.
Their argument is that UBI saves you money even if taxes go up
Lol, they don't pay taxes.
Yyyyyup. I would love it to be implemented on a monthly basis just to watch them realize what happens when that $1000 is devalued.
Gas, $1000/gallon.
Idiots on Reddit are going to be mad when they realize that they only get $600 if they refused to work last year.
Whaaa
I think this is another 4-D chess move by Trump. If we get a stimulus, he can give the people aid they desperately need right now, but also show how much of a toll it took to do it, and why doing such a thing permanently would be unsustainable. In addition, this is also waking people up to the need for strong and secure borders.
I hate politicians. Period. That’s why I love trump. Imagine a congress and senate full of DJT’s
I think work would actually get done.
And twitter would be lit. The political scholars of the past scribed their thoughts and opinions and they would do so again.
Under budget and ahead of schedule.
They'd meet for 1 week a year and get everything done better than every other congress before them.
I'm so hard I could cut diamonds just thinking about it.
Not gonna lie though, they would probably all be so damn stubborn toward eachother because they are all alphas it may not work. You need some beta bitches in the room (Amash I'm looking at you)
Negotiation isn't about power, it's about good deals. There are no losers in a good deal.
My dick can only get so hard.
It's really weird since I'm working a job that is considered essential and getting treated worse than ever now.
I'm only in it with Americans, and then only half of them.
Sorry, not sorry.
this is gonna bring the markets back...i dropped a chunk of my tax returns into the market, buying things like carnival cruise lines, other tourist/entertainment stocks that were the hardest hit
most were down 70-80%
i'm up 50% already. i expect 150% returns or better
How I do miss r/wallstreetbets
My favorite autists besides you guys here obv
Careful, you don't know where the bottom is. The unemployment claims are gonna hurt.
i think the bottom was already priced in. the hit on gdp is going to print better than people expected. most people are still working, losses in some sectors will be offset by a glut in others.
Maybe for day traders and the options retards over at wsb. No need to sell unless you’re gambling with rent money.
I'm buying more ammo.
Threaten to put Sanders in a room with Rand unless he plays ball
I love it, but I’d hate to do that to my boy Rand. No person should ever be forced to interact with a communist.
Good point. Probably be more harmful to Rand than anything. Having to listen to Bernie ramble about "BILLIONHARES" could make a person lose their fucking mind.
Evil bitch
Bolshevik Bernie
Like Mark Levin said last night, “I don’t give a damn what’s in it. I wouldn’t vote for it. Not with 2 trillion in stimulus. That’s irresponsible.”
A relief bill for Americans and small/medium businesses shouldn't be more than a page or two. But then Congress wouldn't be able to give money to their pet projects and bribe their donors.
Bailouts for industries and larger companies should be separate legislation.
I've been talking to my mom more frequently these past few days. Sadly, she has some pretty bad TDS and has had it since the 2016 election. It got so bad that politics of any kind could not even be discussed around her. Weirdly enough, she brought up politics this past week, and she was even somewhat calm. She mentioned the initial stimulus bill from the senate repulicans and how it was ridiculous about it being 240 pages. The next day when we spoke, we talked about the changes and I mentioned the 1,400 page democrat house build. I was amazed when she expressed how there was no way that could be on the up and up.
I thought it was impossible, but my mom might be recovering from her TDS. Dare I dream that maybe she can completely recover by November and vote for Trump? Well, the democrats seem to be helping her recover with their recent actions at least.
My wife is the same way. Not TDS, but she's nominally a Democrat. Lately though she's been coming around.
I think they're starting to realize they've been lied to. Over and over again. Every time the media said, "The walls are closing in" and "The beginning of the end" they've been proven wrong. After three years, it begins to wear on you.
The breaking part is the social justice stuff. I'm a glorious straight white man, she's a chicana. Whenever she hears Democrats casually talk about how straight white men are the devil, she thinks of her husband, and her mixed race son who is pretty fucking white and has an English name. It's starting to dawn on her that they're talking about her family.
Relief for all, or none.
If this is truly an emergency that's so dire it requires sending tax dollars in a direct check to people, then I deserve my share even if I make 99k.
Veto this socialist garbage
Agree!
If they pork up our emergency bill, veto it. I'd rather lose everything than to let them win...
Will everyone stop freaking out about this?
We have two choices here with what is happening to the economy. We can prop it up, or we can let crash out completely. Nothing would make Democrats happier than seeing the market go all the way into the shitter, because if it does, Trump loses the single biggest thing that he has going for him in November and they will hammer it day in and day out until he's out of the White House.
The economy needs to be supported, and regular Americans who are out of work need to be supported right now. It's not ideal, but the government is actually doing its damn job and protecting citizens with this - it's not some massive, unending entitlement program that will drain the federal budget for the next 100 years. It's an infusion of cash in multiple places to keep the overall economy alive.
Thank you for being one of the few people in this site that hasn’t broken down into hysterics in order to rile everyone else up and actually use reason and a level head to look at what’s currently happening.
Just take it from China. Fuck China
I saw somebody say were even with China now, I support that let’s just call it even and forgive our debt to them.
The government caused this shit. The government shit all over itself and now it has to clean it up.
And if you got your way, you could take a picture with the headlines about him losing when the economy is completely destroyed and he gets blamed for it. The state of the economy is the absolute best indicator of whether or not an incumbent president will be re-elected.
Maybe you could throw in a selfie with all the headlines screaming how Trump doesn't care about poor people and businesses for good measure.
We can and we will deal with that. But right now, this is the crisis at hand. How do you eat an elephant? One bite at a time.
You let that election fraud amendment go through, its all over, buddy. You better be clear on that. Republicans will never win an election again.
From what I've read there's money for absentee ballots, but not forcing states to do same day registration or any of Nancy's other bullshit. Absentee ballots are already a pretty regular thing especially for the military although they are abused by the libs for sure. As long as there's no same day bullshit or any of the other crap they use to pump up their numbers, it's nothing that can't be combated. We're already cleaning up voters rolls thanks to orgs like Judicial Watch.
Also, as Hannity and O'Reilly pointed out during their discussion on the radio yesterday, there's nothing in this bill that the Republicans can't fix later especially once we reclaim our majority in the House.
MSNBC Math!
because that would be 350trillion dollars, which he doesn't have.
Woooosh.
We know, that's the joke.
Do you have a link? I know the Senate bill still has the dumb art funding, but I haven't seen anything about it keeping the mail in (fraudulant) ballot bullshit from crazy Nancy's bill.
That money is in the form of grants for states. Individual states can choose to take that money or not. The states that already do vote by mail will take it, and those that don't will ignore it. It makes no difference, and if 0.02% of the bill must be wasted on nonsense like that in order to pass then so be it.
I'll take my $1200 and pump that shit right back into the local and state economy.
Literally inflation
I will be using part of mine on a small, local pest control business
Any small local business is a good bet
I heard Schumer is out touting that he put language in there to ensure the Trump family of businesses won't profit or benefit. I wonder if he and his fellow politicians were so noble to apply the same standard to themselves or are ethey just going to stick to insider trading and consultative kickbacks...all legal for them of course.
It literally says in the bill that "No son-in-law of the President can get loans for their business."
I bet they'll let their own children though.
Gov Pritzker of Illinois and HYATT should have the same rule then!!!
It also blocks members of congress and their families' businesses from receiving aid, so it's not just targeted at Trump. Although he probably would suffer the most since he owns travel/hotel related stuff and also owns the most.
Is there any consistent information on this thing yet? I keep seeing all of these contradicting posts. Is this the original bill or one that was modified with some of crazy nancy's bullshit? Any version of this with ballot harvesting cannot be passed. Yet people keep saying it's still in this bill for some reason.
Unless it ruins them, I. Not happy.
There’s your pork. 25 billion to the mismanaged MTA led by Cuomo and his cronies.
Awful. The MTA is a disaster. So much corruption. If the MTA wasn't such a mess it wouldn't bother me so much. NY's transportation system needs an overhaul/update. Unfortunately, that money won't see a single real project.
What is MTA?
I'm gonna take a guess using context clues and say something like Manhattan transportation association
My guess is Metro Transit Authority
Guessing the metro transportation authority
http://mta.info
AOC didn't want Amazon's help, so we get the bill instead.
I'm a liberal now
WHERE MY CHECK??
You mean your own tax dollars, which you don't even get if you make more than 99k?
It's my tax money and I want it noooooowwww.
877-TAX-NOW
Why is it that the government can send millions and millions to help aid other countries but they fight over helping there own people it’s beyond me ....
It’s easy to understand. The US gov is irredeemably corrupt, and politicians receive kickbacks for sending ludicrous amounts of money to shithole countries with little oversight.
I think saying that “I don’t understand”, even if sarcastic is counter productive. We need to shift the Overton window and start calling a spade and spade. The gov is corrupt to the point that only citizens physically removing politicians will make a difference. The swamp is NOT going to prosecute or punish itself. That is up to WE THE PEOPLE
We all know that money comes back around. CLINTON Foundation...
Do you ever wonder how the US is able to just put their military wherever they want? Bribing other countries with aid tends to help with that, among other things.
It's not so simple.
And this all could've been avoided if the media hadn't hyped the shit out of this virus and caused panic and hysteria. That always causes politicians to go off the rails. Just look at mass shootings.
Bailouts / Arts foundations? Going to watch R senator breifing
I'm opposed to any form of help to anyone in this case - it's a bullshit shutdown, tons of theater, and no value in any of it. That said, I do have a hard time with the hate on big corps in this case. I work for a F200 manufacturing corp and we're getting hit HARD. Demand for product is around zero, we're shutting down almost all factories globally in 30+ countries, and we have tens of thousands of people out of work. We cannot afford to pay them while we're shut down. I don't care how rich the CEO is - we don't have cash to cover operating expenses that don't lead to product.
It's not my company's fault that regional and local governments are forbidding people to come to work, and not our fault that a bullshit panic made our product demand evaporate, and not our fault that maintaining our investment grade and financial ratios so that we actually have investors requires that we don't sit on enough cash to idle for weeks or months on end at full cost.
The bailout isn't going into some rich leader's pockets in our case, at least - it's going to avoid unpaid furlough of our US citizens who are getting fucked over by their own government. Come to think of it, government is the cause and the solution to this issue, eh?
blame republicans for wanting that.
Been saying this for a while -- they're playing hostage with our own goddamn money and then asking us to kiss their ass as if they are creating this money out of thin air. Clown world.
What if he takes all these huge loans then tells them to fuck off and not repay a dime. I thi k that is the plan.
they should have worked with banks to defer mortgages/rents for landlords somehow. You can live off $100 of carefully bought food for weeks. There arent many other absolutely necessary large expenses than those 2
Fuck that shit, flatscreens for everyone!
I literally don't know anyone without a large flatscreen. 65" for $399.
A throwback to the 0bama free shit check. Was supposed to stimulate American business, instead everyone bought flat screens.
I remember. Fucked up shit man.
Thanks for the link.
Yesterday a post outlined how Dems were trying to sneak in a provision to allow volunteers to truck in absentee ballots in unlimited numbers "so people wouldn't have to go to polls". A technique used to steal votes in California. Do we know if this made it to the version being voted on? I scanned the text and couldn't find it but want to be sure.
Ballot harvesting. If it's in there Trump better not sign or he signed away his reelection
This provision is not in the Senate bill, fortunately.
Thank god
This is the only things I'm concerned with atm
Spez: Ctrl f'd for 'vote' on the current Senate bill and nothing is coming up, so hopefully those provisions have been completely removed....?
Same here.
That was in the House bill, not the Senate bill. The House bill is a steaming pile of trash that shows how Pelosi cares more about scoring political points than helping Americans.
When will we know what Commie pork is in it??
As soon as some Based Patriot blows the whistle. Really wish Rand could be there
Assume it and ull be correct. Trumpnought to read the shit they put in it publicly and then tear it up and yell at them to fix it right or go home. Of course if they fail to act rationally martial law is an option.
2 trillion is a hell of a lot of money no matter which way you way you look at it.
But going where? That's the $2T question
Not compared to the universal health care Bernie wants. Add like 9 trillion a year in deficit spending
"We know you're all hurting and need money right now...but before we give you anything, let's spend a whole day talking about how great we are for giving you anything."
Liberalism survives on the constant need to keep a fantasy alive.
They have to or they feel they do.
Trying to load it full of pork and globalist crap even pissed off my liberal friend and he stays as far away from politics as he can get and he still heard about it.
Make Politicians Afraid Again
The 1400 bill wasn't passed I believe, I think this is another bill?
I don't think that's what the Senate is voting on. The 1400 page bullshit is what the Houseput up.
I don't trust this shit at all right now. No one is giving us the full details and this is clearly different from the original Republican drafted bill. It has been increased from 1.3 to 2 trillion. So what is the extra cost for? President Trump cannot cave into this if any pork in that bill. Veto this shit if necessary and just reopen the country.
Don't give the democrats a single fucking thing. Relief aid is irrelevant if it means the destruction of our country through ballot harvesting and immigrant invasion.
The original proposal was 1.8 trillion, it hasn't grown that much. Most of which I imagine is going towards the extra month of unemployment benefits.
If a democrat says he likes it (Durbin), I’d be skeptical at best.
VETO NOW
China and the MSM teamed up to overthrow our entire economy. And it worked.
END CHINA RIGHT NOW
Just cancel the whole thing. Trump is right, the cure can't be worse the problem.
Know what's funny.
A comedian telling jokes in an empty room is fooling no one but himself.
A politician giving a speech in an empty room is fooling everyone and himself.
I quit stand up for 12 years.
Know what I did?
Sold aluminum siding.
Came back.
Made it big.
Think about it as you listen to these idiots.
(RIP Rodney Dangerfield)
Time to buy more guns.
And a bigger safe, I suppose.
What a joke man... Trump should take this Bill and set fire to it on live TV!
He's not going to get good press no matter what he does, so he might as well do the right thing or it's just going to come back next flu season. The federal government doesn't have the authority to soak the taxpayers to "make everyone whole".
Enough with the speeches just fucking vote already.
no kidding
I'm just going to be using whatever money I get to pay my taxes with.
I'm not touching it. It's gonna sit in my savings account and collect interest until we see how it will be paid back (via higher taxes or something like that)
Interest? Spend it, its yours