Will Covid-19 Recovery Rebate Money Arrive Before Working Poor Go Hungry?

March 30 IRS announced CARES Act checks would be mailed within three weeks.

I am sure on March 25th, when Treasury Secretary Mnuchin promised Americans would quickly receive
Corona Virus Crisis Stimulus Checks that he meant well. By then only those who were in a coma
remained unaware that our powerful economy had been placed in the deep freeze.

Much is riding on the ability of the Federal Government to approve, disperse and deliver funds that are desperately needed.
But based on past emergency responses by our federal government, can the folks who have lost paychecks
feel reassured the Fed's lifeline cash will be in hand before they face an imminent inability to pay for food and other necessities?

Here are two past experiences:

> 2001: it took IRS 6 weeks to deliver Bush tax cut rebates
> 2008: it took 3 months for Bush's Great Recession checks to arrive

Just to check on progress I used the IRS link to determine the status of my own payment.
After logging in using my personal info and Social Security #, I was told that there was some issue with my application info.
What could be wrong? My wife and I meet the financial qualifications. IRS has my 2018 tax return and my bank direct deposit info
which the Treasury uses for direct deposit of my monthly SS benefit. But 19 days after the IRS announcement no payment seems to have been approved.

I just hope and pray we have the where with all to put rescue funding into the hands of the millions who are now unemployed,
and the hundreds of thousands of small businesses that employ most Americans.

American infrastructure is great especially in 1994.

Moonglow said:

American infrastructure is great especially in 1994.

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You have a time machine and you're not sharing?!

Will Covid-19 Recovery Rebate Money Arrive Before Working Poor Go Hungry?

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Received ours on the 16th direct deposit.

dcaraz said:

March 30 IRS announced CARES Act checks would be mailed within three weeks.

I am sure on March 25th, when Treasury Secretary Mnuchin promised Americans would quickly receive
Corona Virus Crisis Stimulus Checks that he meant well. By then only those who were in a coma
remained unaware that our powerful economy had been placed in the deep freeze.

Much is riding on the ability of the Federal Government to approve, disperse and deliver funds that are desperately needed.
But based on past emergency responses by our federal government, can the folks who have lost paychecks
feel reassured the Fed's lifeline cash will be in hand before they face an imminent inability to pay for food and other necessities?

Here are two past experiences:

> 2001: it took IRS 6 weeks to deliver Bush tax cut rebates
> 2008: it took 3 months for Bush's Great Recession checks to arrive

Just to check on progress I used the IRS link to determine the status of my own payment.
After logging in using my personal info and Social Security #, I was told that there was some issue with my application info.
What could be wrong? My wife and I meet the financial qualifications. IRS has my 2018 tax return and my bank direct deposit info
which the Treasury uses for direct deposit of my monthly SS benefit. But 19 days after the IRS announcement no payment seems to have been approved.

I just hope and pray we have the where with all to put rescue funding into the hands of the millions who are now unemployed,
and the hundreds of thousands of small businesses that employ most Americans.

Click to expand...

Nearly all will immediately spend it on Amazon or in WalMart for a new smart phone, curved big screen TV, designer purse, and a whole bunch of crap from China otherwise. Not 10% will use it for necessities.

Thousands of small businesses will just pocket the money. The loans, thru big banks who get 5% off the top for free, will first broker the goverment guaranteed loans against the businesses non-government backed loans - so basically all most the business loans is lots of free money for big banks and paying for bad loans the bank made - win-win for big banks, ie a bank bailout calling it stimulus money for small business.

Except for the money bled off by government for administration of this, 80+% of the money will go to the already richest people on earth. All money flows to them now.

Bum said:

Received ours on the 16th direct deposit.

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That's really good to hear. Fed money will determine financial survival for tens of millions of Americans and tens of thousands of small businesses.

joko104 said:

Nearly all will immediately spend it on Amazon or in WalMart for a new smart phone, curved big screen TV, designer purse, and a whole bunch of crap from China otherwise. Not 10% will use it for necessities.

Thousands of small businesses will just pocket the money. The loans, thru big banks who get 5% off the top for free, will first broker the goverment guaranteed loans against the businesses non-government backed loans - so basically all most the business loans is lots of free money for big banks and paying for bad loans the bank made - win-win for big banks, ie a bank bailout calling it stimulus money for small business.

Except for the money bled off by government for administration of this, 80+% of the money will go to the already richest people on earth. All money flows to them now.

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Make up your mind. Who do you have the bigger problem with? Working folk who shop at Walmart? Or multi-millionaires?
One minute you sound like you're sure that no one in America has run out of food. Yet there are images of hundreds lined up waiting for food bank help.
Next minute you say all the money will go to the wealthiest. Are you personally financially secure? If you are, you might not even know someone who needs Fed $$$ for food.
I don't buy your level of pessimism. We are on the brink of the deepest recession since the 1930s, or a true depression that lasts years. But our federal government could bail us out--if it gets its act together.

dcaraz said:

Make up your mind. Who do you have the bigger problem with? Working folk who shop at Walmart? Or multi-millionaires?
One minute you sound like you're sure that no one in America has run out of food. Yet there are images of hundreds lined up waiting for food bank help.
Next minute you say all the money will go to the wealthiest. Are you personally financially secure? If you are, you might not even know someone who needs Fed $$$ for food.
I don't buy your level of pessimism. We are on the brink of the deepest recession since the 1930s, or a true depression that lasts years. But our federal government could bail us out--if it gets its act together.

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Answering your questions:
Yes, I have a problem with WalMart because it is the #1 company that shifted production of retail products to China, and yet in greed expects the government (us) to pay their employees supplmental aid via food stamps and wants the government to pay their employees healthcare costs. Same for Amazon plus has the government (us) subsidize Amazon Prime shipping a few billion dollars a yes.

Yes, I am very financially secure. Short of hyper inflation reducing monetary values to nothing like in Venezuela it is enough for many lifetimes, generously. However, for that potential when we eliminated over 90%+ of the business to regain personal time, we kept what we felt would so critical it would hedge against that. Since the two product lines we carry (one we are the largest manufacturer) are critically essential re: SARS/covid-2 the business is against swamping consuming our life, though is certainly profitable, though not like before. We don't want it. It would impolite to fully describe our economic situation. We are debt free, have everything and am covered for life.

The government is worse than broke. Tens of trillions in debt. Over another 100 trillion in unsecured entitlements. Massive in debt in balance of trade. The result is inflation, despite the government deciding what to count and not count to hide this. A candy bar that cost 25 cents is now $2 and 1/3rd smaller - 1200% inflation.

The government can't bail everyone out nor is it trying. Over 80% and closer to 90% of stimulus money really is just more money going to the super rich and as another bank bailout that will make them wealthier as well. All this spending of more none-existence debt money will just keep increasing inflation - which most hits the lowest income people. I could roughly guess the government's absurd actions will result so far in at least 10% inflation more. Everyone's paycheck, savings, money in their pocket is permanently worth 10% less in spending power on top of regular inflation.

In the years after WW2, the USA has 40% of the world's wealth (monetary values). Today it is around 11 to 12%. With what the government is doing now, this will drop to 9 to 10%.

The two most significant aspects?
1. The super rich now have total control of all of televison, the press and the Internet. It the ongoing 24/7 bio terrorism campaign for their extreme profits, they have proven they are total control of nearly every American no different than if they put a mind control chip in their brains.
2. The Merchant class (small and medium size business) is being eliminated. Their wealth and more importantly their dwindling political power is being shifted to th super rich. Historically - everywhere - the merchant class is the firewall for peasants against absolute tyranny of the super rich and power.

The USA is being converted to a corporate fascist state with the Bill of Rights having been converted to the Bill of Privileges - for which the government decides what rights anyone are allowed - individually, selectively, everyone. Personal liberty has been replaced with communist/socialist "the needs of the many are greater than the needs of the few" - merely by the calculation of absolute tyrannical governors and even individual mayors.

The government can not bail "us" out my electronically putting hundreds of billions and trillions of non-existence dollars into bank accounts. Even if done, 80%+ will again only go to government and the super rich - for which anything working people get will be lost many times over for the resulting inflation. It isn't about counting dollars in the bank, but the spending power of it. Money is nothing other than its spending power.

joko104 said:

Answering your questions:
Yes, I have a problem with WalMart...Same for Amazon...Yes, I am very financially secure. The government is worse than broke. Tens of trillions in debt. Over another 100 trillion in unsecured entitlements. Massive in debt in balance of trade. The result is inflation, despite the government deciding what to count and not count to hide this. The government can't bail everyone out nor is it trying. Over 80% and closer to 90% of stimulus money really is just more money going to the super rich and as another bank bailout that will make them wealthier as well. All this debt money will just keep increasing inflation - which most hits the lowest income people. I could roughly guess the government's absurd actions will result so far in at least 10% inflation more. Everyone's paycheck, savings, money in their pocket is permanently worth 10% less in spending power on top of regular inflation.

In the years after WW2, the USA has 40% of the world's wealth (monetary values). Today it is around 11 to 12%. With what the government is doing now, this will drop to 9 to 10%.

The two most significant aspects?
1. The super rich now have total control of all of televison, the press and the Internet. It the ongoing 24/7 bio terrorism campaign for their extreme profits, they have proven they are total control of nearly every American no different than if they put a mind control chip in their brains.
2. The Merchant class (small and medium size business) is being eliminated. Their wealth and more importantly their dwindling political power is being shifted to th super rich. Historically - everywhere - the merchant class is the firewall for peasants against absolute tyranny of the super rich and power.

The USA is being converted to a corporate fascist state with the Bill of Rights having been converted to the Bill of Privileges - for which the government decides what rights anyone are allowed - individually, selectively, everyone. Personal liberty has been replaced with communist/socialist "the needs of the many are greater than the needs of the few" - merely by the calculation of absolute tyrannical governors and even individual mayors.

The government can not bail "us" out my electronically putting hundreds of billions and trillions of non-existence dollars into bank accounts. Even if done, 80%+ will again only go to government and the super rich - for which anything working people get will be lost many times over for the resulting inflation. It isn't about counting dollars in the bank, but the spending power of it. Money is nothing other than its spending power.

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Thank you for taking time to explain your position on many of the economic complexities that control our lives.
I am in agreement with you on most of the points you elaborate on.

I grew up poor, second generation American and first college graduate in my family, which provides its own perspective.
My father's family had means before his father died young which forced a widow to move with her kids to the US as the world slid into the Great Depression.

I consider myself to be politically "moderate" primarily because I don't support an America in which:

a) only the concerns of the golden parachute set matter (we are already there),
b) everyone must kiss the ring of a tyrant in order to be accepted as a legitimate American (one political party has already agreed to this),
c) socialism drives hatred of all capitalist efforts to build businesses or generate wealth (not all wealthy persons are evil, and many benefit the broader society).

But while I agree that America is in trouble in 2020, I am not as negative as you regarding our loss of control over our personal lives.
The fact that you by your own admission have done very well by building one or more businesses and significant wealth, makes me surprised how dark you paint our reality.
We can still chose work without joining Walmart -- I agree that company has raped America to grow profits while acting like it is apple pie.

Of course I see America's shortcomings because I tend to be critical of leadership BS, social and economic injustice, and incompetence and ineffectiveness.
I get angry when folks think we are #1 because we have jet fighter fly overs at football games, more aircraft carriers, and really big hemi pickups.
That's because I realize most kids can't afford a college degree. And too many working Americans can't save adequately. And our government doesn't include the TRUE cost of inflation
by not including essentials in its calculus. And Bernie Sanders is right about the inadequacies of our high-cost health care system.

But these days, I am mostly focused on replacing Donald Trump in November by electing a saner, more adult, more thoughtful human being who sees the world and life beyond himself.

dcaraz said:

Thank you for taking time to explain your position on many of the economic complexities that control our lives.
I am in agreement with you on most of the points you elaborate on.

I grew up poor, second generation American and first college graduate in my family, which provides its own perspective.
My father's family had means before his father died young which forced a widow to move with her kids to the US as the world slid into the Great Depression.

I consider myself to be politically "moderate" primarily because I don't support an America in which:

a) only the concerns of the golden parachute set matter (we are already there),
b) everyone must kiss the ring of a tyrant in order to be accepted as a legitimate American (one political party has already agreed to this),
c) socialism drives hatred of all capitalist efforts to build businesses or generate wealth (not all wealthy persons are evil, and many benefit the broader society).

But while I agree that America is in trouble in 2020, I am not as negative as you regarding our loss of control over our personal lives.
The fact that you by your own admission have done very well by building one or more businesses and significant wealth, makes me surprised how dark you paint our reality.
We can still chose work without joining Walmart -- I agree that company has raped America to grow profits while acting like it is apple pie.

Of course I see America's shortcomings because I tend to be critical of leadership BS, social and economic injustice, and incompetence and ineffectiveness.
I get angry when folks think we are #1 because we have jet fighter fly overs at football games, more aircraft carriers, and really big hemi pickups.
That's because I realize most kids can't afford a college degree. And too many working Americans can't save adequately. And our government doesn't include the TRUE cost of inflation
by not including essentials in its calculus. And Bernie Sanders is right about the inadequacies of our high-cost health care system.

But these days, I am mostly focused on replacing Donald Trump in November by electing a saner, more adult, more thoughtful human being who sees the world and life beyond himself.

Click to expand...

At one point in my early I was likely poorer than anyone on this forum. From my youngest years, life was a matter of how to survive to the next day - literally. I did not grow up indoctrinated by TV and find the endless self pity, self entitlement, belief that a person only needs to find excuses and who to blame for their failures to be ignorant and foolish. Excuses are worthless. I did come to be wealthy along my path of life.

What is not typical is that because we sell critically essential covid-19 products on a large scale, this is exceptionally profitable times for us - but none of which we want. It is money we don't need and all it does is consume time of our limited life spans. Time away from our family and friends. FYI we ignore or follow the government rules on this however we care to. We are by nature highly resistant to others telling us what to do or not do. I can't count how many times with this business the shocked and puzzled looks on inspectors faces when they told "you can't make us doing anything we don't want to" - and it always turned out that was accurate.

A line I often used when told I can not do something I've done is: "You just raised an ontological question of existence by telling me I can't do something when in fact I can, because I already did do that. Therefore I can because I have." They have to think about that and some never figured out what I had just said. LOL

However, we opted not to become one of the super rich because they also are idiots. Once a person has enough for a lifetime, only a fool would spend all the rest of their lives gathering more money they will never use. I have never had that sense of greed, that need for a life devoted to consumerism and mass accumulation of possessions. I strongly believe this country should be a united community of we the people - recognizing that the rule of nature and the entire history of the human race is that life is a competition for survival against others. It is our clan versus their clan - and even if we don't want that, they do.

I post too long of messages on this forum. The downfall of the USA came with the international super rich taking total control of all info outlets - MSM, press and Internet. Americans are raised as full addicts to consumerism and materialism for which the road to happiness is buying cheap stuff, piles and piles of cheap stuff. That's all that matters - buying from the super rich as much and as cheaply as possible - meaning buying foreign sweatshop products - basically benefiting off of slave labor products.

I live in reality pragmatically, not in the fantasies of dogma and ideology - nor in the idiocy of self pity, false sense of self-entitlement and placing value on excuses for failure. This includes understanding that there is nothing I can do anything about any of this other than try to figure how to best look out for and take care of my family and myself. Save your own people, save yourself, before believing you can change the world. Fix your own life before trying to fix other people's lives.


I hope the richest people on earth that now entirely run the show can manage the inevitable ongoing steady decline in the USA economically and otherwise to advert a sudden crash and total collapse of the American dollar. But even if that happens we are prepared.


"Hope for the best. Plan for the worst." That covers it.

joko104 said:

nything working people get will be lost many times over for the resulting inflation. It isn't about counting dollars in the bank, but the spending power of it. Money is nothing other than its spending power.

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Please stop talking about inflation. We went through this with the anti-intellectual / anti-Obama people about 11 years ago. They predicted a dollar crisis, hyperinflation, bond vigilantes, etc.... None of it came to pass. It's why central banks around the world have abandoned (after a disastrous experiment) targeting the quantity of money. You're out of your league when it comes to discussions pertaining to finance and economics.

Kushinator said:

Please stop talking about inflation. We went through this with the anti-intellectual / anti-Obama people about 11 years ago. They predicted a dollar crisis, hyperinflation, bond vigilantes, etc.... None of it came to pass. It's why central banks around the world have abandoned (after a disastrous experiment) targeting the quantity of money. You're out of your league when it comes to discussions pertaining to finance and economics.

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I understand the progressive view is that the government should just authorize everyone printing off as much money as they need, so should the government, and then all economic problems are solved. Denying the inflation everyone can see when they go to the store is like denying the earth is round.

joko104 said:

I understand the progressive view is that the government should just authorize everyone printing off as much money as they need

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It has nothing to do with progressives or whatever you're whining about. They are not printing money, as bonds are being sold to finance the deficit (like they have for every single deficit).

Denying the inflation everyone can see when they go to the store is like denying the earth is round.

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:lamo

Inflation has been relatively stable:

You simply have no idea what you're talking about. We will be dealing with deflation... not inflation....