AOC Agrees With Trump's Request to Send $2,000 Free Money to Everyone

Mish

Trump Morphed Into a Mini Andrew Yang 

The political bedfellows have never been stranger.

Yesterday, Trump threatened to to Veto the bipartisan package. One of his reasons was the myriad of unrelated attachments. 

The other was Trump wanted to send out blanket checks, not of $600 but $2,000. 

AOC Hops on the Bandwagon

Free Money!

Free money for everyone. 

That's a populist idea that comes up several times every year. It was even a campaign issue.

Andrew Yang Chimes In

Please recall the presidential debates and Andrew Yang: This 43-year-old running for president in 2020 wants to give everyone $1,000 a month in free cash.

Freedom Dividend

Yang calls it a "Freedom Dividend". 

Damn, that's a name Trump would have used if only he thought of it first.

Yang wants $1,000 a month. Trump wants a one-time $2,000 payout.

Other Trump Ideas

Yep, it's very disappointing we do not have a balanced budget amendment to stop this nonsense.

Well, we can always use tariffs to balance the budget.

How'd that idea work out?

What a Disgrace

Finally, please note: Trump Calls Covid Bill a Disgrace, Refuses to Sign It

When do Yang, AOC, and Trump get together to hash out the bipartisan details of the "Freedom Dividend"?

Surely there is a compromise here somewhere. The way Washington works, expect $2,000 a month for everyone.

But with AOC openly on board, Trump likely to sign the disgrace then lash out at everyone again.

Addendum: Who Agreed With Whom?

Mish 

Comments (61)
No. 1-21
njbr
njbr

I'm sure AOC also was in favor of the veto of the dense bill, too.

Trump/AOC 2024

Six000mileyear
Six000mileyear

President Trump is trying to buy votes in the GA senator run-offs. Many voters from both parties have had their incomes blocked through COVID quarantine. Trump's base would rather have no money go to foreign countries. Taking money budgeted to foreign countries and redistributing it to those in America is a better compromise in voters' eyes.

Eddie_T
Eddie_T

“Everyone" does not include everyone......just the deserving semi-poor, of course.

In the name of greater equity.

Rich people must be more heavily taxed. Like everyone with 100K earned income......you know, those RICH people....they don’t deserve to make that kinda money. They must be oppressing somebody.

Doug78
Doug78

If you create a lot of money from nothing and give it to some and not others then you have to expect that those left out would demand their due especially when the criteria for receiving said funds are unnecessarily complicated and frankly suspect. Adding riders to the bill is worse than being wrong, it is a mistake because it gives the impression or more likely the certitude that no legislator has actually read the bill in its entirety and therefor have no fucking idea what they voted.

Doug78
Doug78

Now we have two "populists" or whatever you want to call them agreeing on something fundamental which is not seen by the "rational" legislators or whatever you want to call them. Both of these "populists" represent significant parts of the population that are very unhappy.

jivefive98
jivefive98

At some point 51% of workers will have no work as their jobs will be replaced by a computer. This is guaranteed. If we were smart, we would take the time to find a way to "tax the computers" and skim off some of their productivity and return it to ... American citizens a la Andrew Yang. Dont do that and we'll eventually have food riots beyond belief. $2000 per person is doable even in a rational world. While we're waiting for one, cash to Americans in whatever form is very necessary at the moment.

Realist
Realist

I love it. This clown show is better than most other things you can watch these days. Though I am still anxiously waiting for Trump's coup attempt.

PecuniaNonOlet
PecuniaNonOlet

So why are we here? Why was Yang pushing for $1k for everyone? The reality is that most people that live in a city can't live off of $7.25 or whatever the minimum wage is these days. The fed keeps debasing the currency so unless you get a 3% inflation adjusted wage every year, it is mathematically impossible to keep up.

The last time minimum wage was 2009 to the current $7.25, why hasn't it gone up with inflation? At 3% per year adjustment, it should be $9.81 or thereabouts.

Mish has complained about people making more money staying home than working but the missing part is that the wage level wasn't right to being with anyway. $10/hr x 40 hr = $400. The stimulus checks were for what $600? That seems fair to me given that many people work multiple jobs and/or lost overtime when sent home.

This can't be sustained much longer, the past decade there has been an acceleration of debasing the currency and we've seen many mini riots over the country and it will only get worse with time. Crime is already exploding in major cities and it will only continue until something significantly changes.

Sechel
Sechel

Junior member if Congress. No influential committee posts

inonothing
inonothing

I prefer $2k to half-k. I think the country is united on this issue.

Michael M
Michael M

From "The Hill": Does anyone know if these are true?

The $900 billion stimulus package COVID-19 "relief" bill is exactly what one would expect from a dysfunctional, tone-deaf Congress: a pork-filled cluster filled with anything and everything that has nothing to do with the coronavirus pandemic or relief.

And in the swampiest thing ever, the bill, which is combined with a $1.4 trillion omnibus spending bill, is 5,593 pages long, or 5,583 pages too many, was given to lawmakers six hours before a vote to review what exactly is in it (hint: more pork than a Tyson Foods plant).

It harkens back to House Speaker Nancy Pelosi (D-Calif.) once explaining that a bill needed to be passed in order to find out what was in it. In a related story, our government is broken.

The top-line from the bill says a mere $600 per adult and $600 per child goes to those eligible, which is half of what adults received in another relief package passed earlier this year (the per-child payment was $500). Not hard to see that this amount is hardly enough to keep those struggling from staying out of poverty.

So where is the rest of the $1.4 trillion going?

Glad you asked.

Exhibit A: "Of the funds appropriated under title III of the Act that are made available for assistance for Pakistan, not less than $15,000,000 shall be made available for democracy programs and not less than $10,000,000 shall be made available for gender programs." Yep. $10 million. For gender programs. In Pakistan.

Exhibit B: Funds for "Resource Study of Springfield (Illinois) Race Riot." That riot occurred in (checks notes) 1908.

Exhibit C: "Statement Of Policy Regarding The Succession Or Reincarnation Of The Dalai Lama." We'll just leave that one there.

Exhibit D: There's actually a commission tasked with educating “consumers about the dangers associated with using or storing portable fuel containers for flammable liquids near an open flame."

Exhibit E: Another $40 million will be allocated "for the necessary expenses for the operation, maintenance and security" of The Kennedy Center, which received $25 million in another COVID-19 relief bill earlier this year. Also in a related story, the Kennedy Center has been closed.

Exhibits F, G, H, I, J: $86 million for assistance to Cambodia; $130 million to Nepal, $135 million to Burma, $453 million to Ukraine, $700 million to Sudan.

Exhibit K: The bill creates a Women's History Museum and an American Latino Museum as part of the Smithsonian. Overall, the Smithsonian gets (checks notes again) $1 billion.

BDR45
BDR45

Why stop at $2000? Make a real difference in people's lives. Give a $100,000. Really it's only a digital keystroke away. Deduct a few billion from the defense dept.
Default is coming anyway through inflation, and more importantly, the bond vigilantes don't seem to be interested.

Augustthegreat
Augustthegreat

American democracy nowadays is like a circus. plenty of laughable stunts now and then then.

JoeJohnson
JoeJohnson

GOP Senate opposition to this coule cost them the Georgia Senate seats.

Anda
Anda

So AOC ditches positive discrimination for a couple of thousand bucks ?

Johnson1
Johnson1

what a business model Amazon has:

For its smaller competitors, it has made business untenable. How can anyone compete against Amazon? A company so big, so omnipotent and so convenient that it has generated wealth for its owner and his (ex-)wives on a scale never before seen on this planet.

Here’s a small example of how Amazon operates, courtesy of a recent Wall Street Journal article. A small business began selling camera tripods on the site, and reached $3.5 million in sales, 0.001% of Amazon's revenue. Amazon then copied the tripods and sold them more cheaply and subsequently banned the tripod company from the site.

plashadpobedy
plashadpobedy

If the bill passes, it's just another opportunity for the American people to take it in the a$$ again. What a disgrace, to pass a 5K+page bill that no one has read. For me, the silver lining (in my case, gold) is that gold will shine once again. Bring it on, fools.

GeorgeWP
GeorgeWP

The bill had plenty of hand outs to business and the inflation of money supply is supporting the wealth of asset holders, so why not throw some money at the poor end. They will spend it which will boost the economy while the wealthy just trade it for more assets.

amigator
amigator

Let's do it the sooner we really break the country the sooner we can start putting it back together. Just make it 5k and 10k per couple nice round numbers.

PreCambrian
PreCambrian

Trump feels the more chaos he creates the better position he is in. Unfortunately the country pays for it in the end, in lives and dollars.

numike
numike

when do I get the check??


Global Economics

FEATURED
COMMUNITY