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Yo_Mama_Been_Loggin

(107,943 posts)
Fri Oct 23, 2020, 04:36 PM Oct 2020

Stimulus stalemate threatens more hardship and slower recovery, economists warn

The failure of Washington to deliver another big dose of stimulus before the election probably won’t tip the U.S. back into recession, economists say, but the lapse in aid threatens to destroy more businesses, inflict greater pain on millions of unemployed Americans and drag out a recovery.

The most vulnerable are the nearly 11.5 million people who were laid off early in the pandemic and are still out of work, economists say. So far the U.S. has only regained about half of the 22 million-plus jobs lost, and the rebound in hiring has slowed sharply since the summer.



On top of that, 25 million people were reportedly receiving jobless benefits as of the end of September, suggesting the real level of unemployment is significantly higher. What’s worse, many of them are set to lose extended unemployment benefits at the end of December under current law.

Many businesses whose customer traffic has dried up due to government restrictions and fear of the coronavirus are also in a precarious spot.

https://www.msn.com/en-us/money/economy/stimulus-stalemate-threatens-more-hardship-and-slower-recovery-economists-warn/ar-BB1ai60f?li=BBnbfcN&ocid=DELLDHP

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Stimulus stalemate threatens more hardship and slower recovery, economists warn (Original Post) Yo_Mama_Been_Loggin Oct 2020 OP
There will be no stimulus until Sherman A1 Oct 2020 #1
It's all designed to hand Biden the worst economy ever! Trump and the rest of the GOP Boogiemack Oct 2020 #2
...All I know is the extra unemployment stopped and I'm freaking out... FirstLight Oct 2020 #3
Baked into the Rethug Wellstone ruled Oct 2020 #4
 

Boogiemack

(1,406 posts)
2. It's all designed to hand Biden the worst economy ever! Trump and the rest of the GOP
Fri Oct 23, 2020, 04:56 PM
Oct 2020

are vindictive evil, unpatriotic cowards.

FirstLight

(13,360 posts)
3. ...All I know is the extra unemployment stopped and I'm freaking out...
Fri Oct 23, 2020, 05:00 PM
Oct 2020

Even posted here in Marketplace for a gig or two to help

Literally have $4.80 to my name right now and haven't paid utilities in a while either ...

 

Wellstone ruled

(34,661 posts)
4. Baked into the Rethug
Fri Oct 23, 2020, 06:14 PM
Oct 2020

vengeance cake. Moscow Mitch never works legislation that does not benefit him and his small group of pals. It is all about political leverage,nothing more nothing less. Mnuchin is just a willing dupe willing for a price to play the village idiot.

You know damn well,McConnell will never let a Woman with Political Power get the best of him. And the Speaker has done every thing possible to make this Stimulus Bill appear to carry his name .

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