Thread: This Market...
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Old 03-20-2020, 07:59 AM   #1
Jim in CT
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Join Date: Jul 2008
Posts: 20,429
Quote:
Originally Posted by wdmso View Post
Heres a question for you market guys

How is a 1000 or 1200 dollar 1 time check going to help anyone realistically. Or is this just to help the markets .

A 1000 bucks barely covers 1 months rent or 500 a car payment

Clearly something is better than nothing

But wouldnt frezzing interest and loan payment on mortages, cars, rent with out penalties help more Americans

By having those payments added to the end of their loans
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because if a huge volume
of people spend that extra money, it helps the small businesses recover from the crushing lack of rev he thats pulverizing them now.

shortens the length of time it takes for businesses to recover lost revenue, which means less layoffs, and that’s a key thing.

The $1,000 doesn’t change anyone’s life. but it will help keep people employed as that money is spent and re spent.
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