Re: Stimulus checks perfect storm for massive crypto bull run?
Don't worry, I'm pretty sure there is yet another backup plan: a second round of stimulus checks in the US. When Is the Next Round of Stimulus Checks Going Out?
Trump: "We could very well do a second round of direct [payments]. It is absolutely under serious consideration."
Trump: "We could very well do a second round of direct [payments]. It is absolutely under serious consideration."
Good thing you posted the link, I almost didn't believe there were any plans to divide more money than already shared. While I don't mind helping people, especially those who need it most, I wonder how it will affect the US economy in the long run, given that they are not in an enviable financial situation. It seems to me like Trump is buying votes in the next presidential election with state money, because who after this will not vote for him?
The Senate just passed another corona virus relief bill, extending small business payroll protections and hospital relief. It's widely expected the next relief bill after that will be much more comprehensive. I think it will probably include a second round of stimulus payments but nobody knows at this point. Senate Republicans are starting to push back on the amount of public spending.
Trump is now openly pushing for an oil bailout now too. Voters will hate him for that. So yes I think direct stimulus payments might be a quid quo pro, paying for votes. Give the masses a handout and they'll look the other way at the obvious crony capitalism.
