Stories
Slash Boxes
Comments

SoylentNews is people

Submission Preview

No link to story available

A cheque for your corona troubles, from the White House

Accepted submission by quietus at 2020-03-17 21:17:14
News

During the Global Recession of 2008, some academics were murmuring about giving a direct stimulus to them common folk. Could kickstart consumption, and by it the economy, they argued.

Luckily, wiser minds prevailed: and instead of spoiling ordinary Joe's and Jane's, financial professionals were given a stimulus under the fancy name of quantitative easing. The world gasped relieved, and waited patiently for the inevitable trickle-down effect.

Cue 12 years later, and we've got a new financial crisis brewing on our hands.

This time, however, we've got a Decider-in-Chief in the White House, and he'll have none of all those difficult terms and explanations. Instead, He is going to give [wsj.com] every honest (and not-so-honest) American citizen a fat cheque of a thousand ($1,000) dollars.

Two effects: the newspapers have something to blather about [reuters.com], and it might actually work [nytimes.com]. Within the next 2 weeks, people!


Original Submission