BAD NEWS! UNEMPLOYMENT EXTENSION UPDATE | SECOND STIMULUS CHECK UPDATE (AUGUST 24)

by birtanpublished on August 25, 2020

how's it going everybody this is the stimulus check hub here here to give you all of your updated information on your stimulus checks and unemployment benefits make sure to hit that subscribe button down below

And a like and a comment are greatly appreciated so we have a massive massive update here today congress made no progress over the weekend and the future remains uncertain for stimulus bills for

Stimulus checks so there's a real good possibility right now they've made no progress towards a new stimulus bill the usps got funding but they haven't made any progress towards an actual stimulus bill

Which means there's pretty much no hope for stimulus check now for the second one at least in the short in at least in the next couple weeks so you're not going to see a second stimulus check in the next couple weeks

Because the government's pretty much on hold they're in recess right now but mitch mcconnell posted on twitter explaining that the democrats are holding out or something like that

And that's basically why they don't have an agreement typical political talk on both sides as to why something that should have been done didn't get done but now we know for a fact there might

Not be a second image check for quite some time and it's also if this wasn't bad enough it's also being reported that the divide between the democrats and the republicans

Is deepening what that could mean is that if neither side can come to the table and make an agreement that could delay the stimulus checks even further into the future causing

That rift to grow even deeper usually these kind of rifts take a lot of time to heal between the democrats and the republicans i don't think we've seen them this divided in the past

It's got to be since the 1960s i don't think we've seen this divided and the stimulus checks just are not going to come probably because of this divide and this is a broader problem of having

Two political parties to choose from in most other countries they use a parliamentary system or some other system where you have more than two choices because the problem with two choices

Is you get stuck with one or the other and you kind of form that natural divide that happens and in other countries that doesn't happen quite as much but with this one it did

Now luckily they did pass the extra funding for the post office that was mainly to do the voting but that's also going to help get off the stimulus checks to people who need it having that extra

Funding for the post office and at the end of the day that's what it's there for it is 25 billion dollars i think that was good to pass but they really need to pass something on these stimulus checks and the fact that the

Divide is growing even deeper and we might not see stimulus checks again that could be huge i think eventually they're going to have to cave and this divide is going to have to be

Fixed but for now it just seems like it's just getting deeper and deeper and deeper as time goes on mitch mcconnell nancy pelosi and trump they are they're heavily divided and then you have the whole

Trump divide trump's dividing the republican party as well uh trump has been splitting off from the republicans going against some of what they've been talking about talking about moving the election

Various things like that the postal service just doesn't have the proper funding there's just so much going on right now that we're not really sure if anything's going to get done or if there's going to

Be a news image check soon and this kind of plays right into that like is there going to be another stimulus check maybe you know we've heard there could be as many as five but we're not really

Entirely sure if that's going to happen or not now because it seems like the divide is growing even deeper over the weekend nancy pelosi did not come to an agreement

On the second stimulus check and basically what that means is all of the previous beliefs that we were going to have a stimulus check soon that's not really going to happen folks we're going to have to wait many many

More months before we see a sms check probably depending on if they can hammer out an agreement but as we've heard sadly in our updates here from a couple articles we've been checking out here at the hub

There appears to be a growing and increasing divide among our political class it seems like the division is not getting better if anything it's getting a lot worse

And it's um it's sad that our political system has become so divided i think i think if there was ever a time when the two parties should come together it would be now if there was ever time when the two parties need to

Reconcile their differences and try to do what's best for the country i think it would be now i'm not sure um i'm not sure if it'll be fixed in the near future obviously

If they can't come together on this i don't think they can come together on anything if there was ever a time to do it it would be now but it doesn't appear that they're going to do it guys it appears

That the politicians again have lied to the people the politicians again have lied to the people they've told us that they told us that they would solve this problem and they just haven't

And that tells you all you need to know about politicians it tells you that they're intellectually dishonest it tells you that they'll say whatever they need to do in order to win it tells you that it's purely partisan

Lines it's purely i'm a democrat i'm a republican it's purely whatever is best for their group if you're not in their group if you're just a common citizen you're an outlier

You're an outcast and then the political system is rigged against you it's rigged against common people you know the fed is printing money at record rates stealing your purchasing power of the dollar

That's also an element of this the federal reserve has been playing games with the money playing games with our monetary and fiscal policy and that has huge implications for uh

Common people that they don't really see initially if the value of your dollars go down buying stuff becomes more expensive so that's another way like if you don't pass the second stimulus check now then

The value of the dollar is going to be worth less in the future because of the actions that the fed has taken jerome powell and that can have pretty big implications too you know that can uh

That can throw off a whole system that can cause that can cause the monetary system to go under that can cause benefits to be cut in the future so there's a lot going on here and i think it it's it seem it's seeming like

The divide is growing deeper guys it's it seems like the divide is only getting worse it seems like the divide is getting greater every day it doesn't seem like they're going to come together

They couldn't come together on the unemployment when we needed the most they come couldn't come together on the 1200 dollar checks when we needed the most and it always seems like there's some

Half baked response to all these issues and it's just really it's really not it's it's not enough guys it's just not enough because if we don't get this damage checked soon

I think you're going to see a major economic collapse you're going to see economic implications that are probably not factored in yet it's going to be pretty bad it's going to be a pretty big deal

And it's just going to be it's going to be disastrous guys it's going to be a disaster for the country it's going to be a disaster for the economy it's going to be a disaster for small businesses small businesses we haven't covered a

Lot on this channel we're planning to do that in the future but small businesses some of these statistics we're reading are really really bad we've seen a record small business clothing closings expansions and credit

Lines it just doesn't look good guys it looks like it's all pointing downhill it's all pointing towards the fact that we're going orbit down we are going nowhere but down here

And it just it doesn't seem like it's going to be working out it doesn't seem like it's going to be working out we know nancy pelosi has said it is non-negotiable the 600 benefits for the unemployment but the

Problem with that is the republicans don't seem to be caving and that kind of leads us to believe that there's not going to be a deal that pushes it off even further we could be waiting months before we

Finally get a similar check trump has made it pretty clear it's the democrats holding it up the democrats say it's trump holding it up for not wanting to spend more so it totally depends i mean we could be waiting five weeks we could

Be waiting um we could we could be waiting many months before we get the check but we've been waiting five weeks the benefits are only going to last five weeks the unemployment benefits

That they signed off on recently this 400 extension that's only going like five weeks so that's gonna burn out really quick and we're gonna see another huge uptick

So it's just it's bad guys i hope you guys stay safe out there please you know talk to your local representatives try to get some representation make sure to hit that subscribe button down below like in a comment or greatly

Appreciate it let us know what you think and have a good one

Related Videos

How's it going everybody this is the stimulus check hub here to give you your daily stimulus check on unemployment benefits updates and latest information i...
Man dalio just came out with a really stupid article so stupid i had to talk about it it's an opinion piece in the financial times called don't be blind...
Well holy smokers guys did you see the stock market today look at this dow jones industrial average down about 650 points here today look at the s p 500 down 1....
How's it going everybody this is the stimulus check hub here to give you your daily stimulus check and unemployment benefits updates and latest information ...
How's it going everybody this is the stimulus check hub here to give you your daily stimulus check and unemployment benefits updates and latest information ...
During the initial ccpv drop that we had back in march everybody was looking at buffett wondering what he was gonna do because he's the guy always looking f...
hey everybody this is the stimulus check hub here the only place to go for the most up-to-date information about your stimulus check and unemployment benefits ...
How's it going everybody this is the stimulus check hub here here to give you your daily stimulus check and unemployment benefits updates and latest informa...
How's it going everybody this is the stimulus check hub here to give you your daily stimulus check and unemployment benefits updates and the latest informat...
Well hello there guys and welcome into today's video i hope you have a great day out there as always today we get to do my favorite video i'm doing this...
How's it going everybody this is the stimulus check hub here to give you your daily stimulus check and unemployment benefits updates and latest information ...
how's it going everybody this is the stimulus check hub here to give you your daily stimulus check and unemployment benefits updates and latest information ...
okay back at it back to the ray dalio stuff about debt cycles and where everything is headed the world order the changing world order we are finally at the end ...
how's it going everybody this is the stimulus check hub here to give you your daily stimulus check and unemployment benefits updates and latest information ...
how's it going everybody this is the stimulus check hub here to give you your daily stimulus check and unemployment benefits updates and latest information ...
how's it going everybody this is the stimulus check hub here to give you all the updated information and rants on your stimulus checks and unemployment ben...
how's it going everybody this is the stimulus check hub here here to give you your daily stimulus check and unemployment benefits updates and this one is go...
how's it going everybody this is the stimulus check hub here to give you your daily stimulus check and unemployment benefits updates and latest information ...
how's it going everybody this is the stimulus check hub here to give you your daily stimulus check and unemployment benefits updates and latest information ...
Okay so buffett bought stock in a gold company and that got everybody freaked out because they were already worried about the dollar so a lot of people think th...