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Government is giving the businesses free money. And the newly unemployed are going to benefit from (1) free money from unemployment insurance, and (2) nowhere t
by tathougies 7y ago
Government is giving the businesses free money. And the newly unemployed are going to benefit from (1) free money from unemployment insurance, and (2) nowhere to spend it in the next few weeks, which means (3) lots of money to spend.
- ThrowawayR2 7y agoThey're going to be saving up that unemployment insurance to pay their bills when the time limit runs out and their free time will be spent looking for work ... and most likely not finding any. Hiring is unlikely to rebound for 6+ months; too many businesses have collapsed already or will collapse soon before any government intervention occurs.
- indymike 7y agoWhat? Where do I get my free money? Also, unemployment is not nearly enough for most people (it barely will cover a family's utilities and cell phones).
- tathougies 7y agohttps://www.washingtonpost.com/business/2020/03/18/trump-coronavirus-economic-plan/ https://www.washingtonpost.com/business/2020/03/18/trump-cor... The federal government is planning on sending thousands of dollars out to Americans directly. That is in addition to unemployment, which in the currently proposed bill also provides for paid sick leave What more do you want?