House Releases $1.9 Trillion COVID Relief Bill

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Col Hogan
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House Releases $1.9 Trillion COVID Relief Bill

Post by Col Hogan »

Here’s the bill, with no commentary...

https://budget.house.gov/publications/r ... an-forward
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Re: House Releases $1.9 Trillion COVID Relief Bill

Post by Col Hogan »

Now, here’s the breakdown on some of the more contentious (IMHO) portions, with commentary...

https://twitchy.com/gregp-3534/2021/02/ ... ot-to-you/
“Tolerance and Apathy are the last virtues of a dying society.” Aristotle

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Re: House Releases $1.9 Trillion COVID Relief Bill

Post by kalm »

Anyone else surprised that unemployment has remained as low as it has so far?
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Re: House Releases $1.9 Trillion COVID Relief Bill

Post by GannonFan »

kalm wrote: Sat Feb 20, 2021 3:38 pm Anyone else surprised that unemployment has remained as low as it has so far?
Not really. Large swaths of the economy are doing just fine (we're still hiring galore where I am). People still basically go to work, and plenty are able to work remotely. The pandemic has been brutal to certain segments of the economy, but not to much of it, and there's a lot of hope that with vaccines rolling out that the impacted parts of the economy will bounce back rather quickly.
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Re: House Releases $1.9 Trillion COVID Relief Bill

Post by AZGrizFan »

kalm wrote: Sat Feb 20, 2021 3:38 pm Anyone else surprised that unemployment has remained as low as it has so far?
Remember, it's only a measure of those actively looking for work. Labor Force Participation rate has been stuck in the low 61's since COVID hit. Prior to Covid it was 63.6.

Unemployment rate is 2X+ what it was pre-COVID. Long term unemployment rate is 5X what it was pre-COVID.
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Re: House Releases $1.9 Trillion COVID Relief Bill

Post by kalm »

AZGrizFan wrote: Mon Feb 22, 2021 9:56 am
kalm wrote: Sat Feb 20, 2021 3:38 pm Anyone else surprised that unemployment has remained as low as it has so far?
Remember, it's only a measure of those actively looking for work. Labor Force Participation rate has been stuck in the low 61's since COVID hit. Prior to Covid it was 63.6.

Unemployment rate is 2X+ what it was pre-COVID. Long term unemployment rate is 5X what it was pre-COVID.
Makes sense. Thank you.

Also PPP.
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