@Sandy Shopper wrote:
Yeah, that's the thing about COBRA. Employers have to offer it, but they don't have to make it affordable. Over 20 years ago, my COBRA would have cost nearly a thousand a month. Went a few months with no insurance until the new job's insurance kicked in. A very scary thing to be single and uninsured!
They might believe they have the upper-hand in negotiations, since they are asking for more and the GOP has more to lose. Trump and Mitch are up for re-election this November. I don't think their constituents would accept the excuse that they were trying to get them less stimulus and winded up with nothing.@panama18 wrote:
She said again yesterday that she won't go for a smaller package. "I don't think, strategically, it's where we should go right now" is what she told PBS Newshour.
Strategically. Ya like that? We are all pawns in her game.
Pelosi Favors Slimmed-Down Stimulus Now, Then More in January
@Sandy Shopper wrote:
If they've been bankrupted by situations beyond their control (pandemic, natural disasters, etc) then yes, they should.
Well, technically, essential workers are working. Although, blue-collar and lower-income workers have greatly suffered. There was a chart I saw on CNN Business or Bloomberg (can't remember) that showed upper-income workers' employment has practically returned to the same levels pre-COVID. It's off by like just 1 or 2% from pre-COVID levels. On the other hand, lower-income workers are crushed. They are nowhere near back. And, yes, they will be facing eviction, hunger, permanent job losses, higher debt, bankruptcy, homelessness, etc. soon if nothing is done.@teriraia wrote:
Essential workers - screwed once again. As long as the stock market is gaining there will be no stimulus package. They worked very fast and hard when the market was in trouble but now it is just crickets.
The majority of U.S. states are now approved to send workers the extra $300 weekly unemployment benefit from the federal government.
States have been applying for the funds from the Federal Emergency Management Agency (FEMA) over the past few weeks. So far, Arizona and Texas have started paying out the claims.
The following states will also start paying out the enhanced benefit in the coming weeks: Alabama, Alaska, California, Colorado, Connecticut, Georgia, Idaho, Indiana, Iowa, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Hampshire, New Mexico, New York, North Carolina, Oklahoma, Pennsylvania, Rhode Island, Tennessee, Texas, Utah, Vermont and Washington.
Permanent job losses are rising. This has been feared, but somewhat expected too. As PPP loans expire and employers can fire people without fear of jeopardizing their loan forgiveness, as workers once furloughed are now realizing their employer has decided to cut costs and downsize, or as workers come back to businesses that cannot survive anymore in the depressed economic environment, temporary layoffs in the past are becoming permanent.@ wrote:
For reference, there were 13.55 million unemployed workers in the U.S. labor force in August, meaning about 25% consider themselves permanently jobless. By contrast, when unemployment peaked after the last recession in late 2009 at 15.35 million, about 6.82 million were deemed permanent job losers, or roughly 45%. On a percentage basis, August marked the sharpest increase in that ratio on record.
*forgive my snarky mood - no sleep*@Shop-et-al wrote:
I was thrilled when some of the senators proposed a targeted approach to the issue. This showed some restraint and courage. I was horrified by the enormity of the house proposal and that many people seem to want and demand that massive fed teat
No more socialism and back up the Brinks trucks bailouts for corporations and the wealthy and "incremental"-ism and "restraint" for the poor/middle-class, please, Mr. Trump (not that you care, since you're bought by your wealthy donors)!@ wrote:
instead of other, incremental, and/or utterly different approaches to economic change.
More than 35,000 airline industry employees will be laid off from their jobs next week unless Congress is able to pass an extension of the Payroll Support Program (PSP) in the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
“I want people to know about the amount of human suffering and economic pain that is going to be inflicted if a deal isn’t cut by October 1,” Airlines For America (A4A) President and CEO Nick Calio told Yahoo Finance. “It’s very real and it can be stopped. It can be prevented.”