Bailout / Stimulus Discussion (Hints Missed & Shartz Fired)

Odds that the House passes a bill with something like that built in, regardless of whether it passes the senate bipartisanly, have to be close to nil, right?

inb4 sweetsummerchild.jpg

https://twitter.com/JStein_WaPo/status/1286745945158426624?s=20

A few weeks? But by then the embers will surely have already embered out.

So…about 15 days?

Even if they do manage to pass something the $600 is not going to be in there.

In which case homelessness will skyrocket, unless states do eviction moratoriums in which case we shove it all under the rug a bit longer.

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https://www.msn.com/en-us/news/politics/mnuchin-it-wouldnt-be-fair-to-use-taxpayer-dollars-to-pay-more-people-to-sit-home/ar-BB17cZGO?li=BBnb7Kz

Man, can you imagine if we had a competent Treasury Secretary?

Question: any among you who qualified for both PPP and EIDL? Did you take both, why/why not, etc

They’ve gotten my ex over with them on this one. She makes less than 50K and is furious that people are getting paid as much/more to sit at home, so she supported the GOP on this.

After like a day arguing with her about it from a policy perspective and calling each other names, I remembered that she’s just selfish. “Aren’t you still worried about losing your job?” She said yes. “Well how much do you think you should get if you do? 70 percent of your current income or the full UI+600?”

She stopped arguing about it, at least.

She’s like the typical moderate establishment type. She wants all the social justice but none of the “socialism.” Her favorite politician is AOC, though.

For all the high level discussions we have here, it’s easy to forget that people like my ex have a lot more in common with the average voter than we do. Very few people have cohesive political views across all the issues, and the reasons they like certain politicians are often arbitrary and selfish.

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I could have qualified for the PPP, but it was a crapload of paperwork and at the time it wasn’t clear at all if there would actually be money available for people like me, so I just took the PUA instead. If they expand the unemployment benefits with something reasonable and work dries up for me again this fall, then unemployment may turn out better for me in the long run anyway.

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For what arbitrary and incohesive reasons does she like AOC?

All you needed were your 1099s from 2019 and to fill out a pretty easy application. The biggest challenge was finding a bank and/or getting in contact with someone during the process.

I put in mine the Monday after they started independent contractor PPP loans, was in contact with the bank probably in the afternoon on Wednesday. I had to go in to the bank to set up the account on Thursday right around first thing, and got back in contact with the person who called me about the application who said he was no longer dealing with applications and said to make general calls in if I needed to. The program ran out of money while I was at the bank, after I got home, or the next day. I was emailed in a form letter saying that since I was in process they would finish the paperwork and then table it until new funding came which they expected to happen. I think around 1am that night I received a docusign with numerous errors on it. It took three tries to get the docusign right but that was done by the end of that day. I then had to wait for the new funding.

I received an email I think the following Friday saying the program has new funding and that my application had been submitted to the SBA. By I think the following Wednesday or Friday I was told I was approved, and that it would be something like 7 days for paperwork to be returned. When 11 days or something similar had passed, I reached out for more info, but they had none.

Probably around 11am on the day after, I received a 20+ page loan contract via docusign with a lot of things I didn’t expect. I took the loan anyway when I found one small piece of language that said if I defaulted I wouldn’t be on the hook. I would have taken it even without that. It was in my account less than an hour after I signed.

The biggest issue was my work was impacted from mid March to early June but my forgiveness part didn’t start til May 5. Since the application, they changed the forgiveness period to 24 weeks and said all 1099 loans would be forgiven. They didn’t change actual loan terms for anyone who received funding before that happened but said banks would extend payment terms to five years if asked.

You’re not supposed to double dip EIDL, PPP, or PUA as far as I know on this round. You’re supposed to pick just one, but I’m sure many people are double dipping. I will either do PUA or EIDL if a second round becomes necessary. As an FYI, there was no credit pull for PPP, so it doesn’t show up in my credit report.

At the time I was considering it the paperwork burden sounded formidable. And right off the top,

I don’t get 1099’s. I don’t have any real payroll. There is nobody documenting anything or filing anything other than what I pinky swear to on my taxes.

My understanding is you can’t use any of them for the same purposes. But you could theoretically collect PUA for yourself, get PPP to cover payroll for your employees, and then get an EIDL for other business expenses.

The big question in all this of course is what sort of auditing and enforcement there will be in the future. Probably something draconian for PUA while completely ignoring all the PPP fraud.

The GOP doesn’t have the votes for its own plan that it is rolling out this morning. Total clown show.

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I love the argument that people are getting paid more to stay home than to go to work.

GOOD!

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I think she just likes her story as an underdog and her social media presence. I also think AOC is the best at messaging on progressive policies right now.

I don’t want to speak for her, but I think a lot of people pay less attention to policy and more to charm, persuasiveness, and dunking. Like people who despise Trump personally but want him working for them. Or people who don’t like anything AOC wants to do but man do they wish they were just like her. Some people just want to have or be a power to be reckoned with. It helps that AOC is so good at it that she breaks through the GOP nonsense and perhaps sparks to life issues that many people had given up on.

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This is correct, and to sum it up in one word, it’s authenticity. (Or at least the APPEARANCE of it)

It’s why Hillary sucked. No one believed any of that shit she said she was going to do. She was doing what was best for Hillary.

It’s why you have ruby red coal miners respecting Bernie.

What people hate most about politicians is the bullshittery.

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They absolutely do not get the concept of STIMULUS at all. Just complete idiots unable to see past their own noses.