FINALLY GOOD NEWS! STIMULUS CHECK UPDATE | SECOND STIMULUS CHECK UPDATE | (SEPTEMBER 25)

by birtanpublished on October 5, 2020

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 if you are new to the channel make sure to hit that subscribe button down below like and a comment are greatly appreciated also if you wouldn't mind sharing this with your friends and family because i'm sure they would also like the most up-to-date information on their stimulus checks and unemployment benefits available anywhere on youtube which is what i try to provide here in

This channel so today we have some surprisingly good news we have two pieces of surprisingly good news today the first is that the democrats are preparing a 2.4 trillion dollar relief measure now what's in the relief measure there is funding for restaurants airlines unemployment extensions and a second stimulus check so this is what is in the new 2.4 trillion dollar deal it looks pretty similar to the 2.2 trillion dollar deal that they were

Drafting up earlier this week now the second piece of good news that i think holds a lot more weight than people realize is that the fed officials are pushing for new corporate stimulus package so federal reserve officials have launched what amounts to a full court press aimed at ensuring that congress would provide a further stimulus to corporations as the co-ed pandemic continues out of control and the limited revival of the us economy stalls so part of what the fed wants to do is also

Fund the corporations but part of what jerome powell also argued was that we need second stimulus checks and money for the people so the fed is arguing from both angles the fed is primarily concerned with the economic recovery that's why they're also in favor of the funding for corporations which i'm not necessarily against funding for corporations but i want to make sure that people get their money first i'm not against giving small or mid-size business money because we're going to need those

Businesses and those small businesses in order for the economy to recover later on so i'm not against that i am against giving money to huge corporations and i am against giving money to companies that are going to just do stock buybacks or share buybacks or they're going to do any sort of ceo compensation increase i mean we already had a lot of that in 2008 where the economy was crashing and you had hundreds of ceos getting record unemployment record raises record uh share buyback

And i don't want that that's not fair to the american people it's not fair to uh it's not fair because it's our money that's going in there and i feel like if we're the ones paying for this stuff then we should be the ones to get the benefit from it that's just how i feel you know call me crazy but i figure if the government is working for us the people and we're paying into a system then the least we could do is derive some sort of benefit from it i'm not against bailing out small businesses or mid-sized businesses but large

Businesses should have known better they had adequate resources to prepare for this and we already bailed about in 2008 so we don't need to give them a second bailout it's our hard-earned tax dollars at stake so that's not okay now another thing is the economy will recover faster if it has support from the fed and congress that's what jerome powell thinks now let me explain what both of these two branches do that way you can understand

When we when we're going to get our stimulus checks and you're going to understand how the overall economy functions and how it's going to recover in the future so you have the federal reserve the federal reserve is in charge of monetary policy which is basically things like setting the interest rates and loaning money to banks to loan out to everyone else so the fed is a very powerful institution jerome powell is in charge of the fed that's why it's a very positive it's a

Very positive sign when jerome powell says we need more support because we need more stimulus because that's what's going to help the economy grow that sends a very strong message because usually the fed keeps to itself and does not interfere with the broad operations of the government then you have the congress congress controls the spending congress controls the overall spending of our government it's not the president you'll hear a lot of people say well this president spent this much money and

This president spent this much money it's not really true i mean congress is the one who approves the budgets uh congress is the one who spends the money they control the purse strings so congress is the one who's really gonna approve the second stimulus checks they're the ones who are gonna propose the plan they're the ones who are gonna get us out of this so we really are waiting on congress in a lot of ways they're the ones who appropriate funds so these two together are what's going to make the economy come back in my opinion i don't think it

Can be one or the other i think you need both and i think that's what jerome powell is realizing is that you need both in order for the economy to recover as to when we're going to get our stimulus checks that's a little difficult to tell i do my best at estimating when it's going to happen based on some of the evidence that i have at my disposal so here is the senate legislative schedule okay this is a tentative schedule it's not set in stone but it is they have been following it

Since february relatively accurately so they haven't deviated from the schedule really much at all these are days that they're not in session so we know that on these days specifically they're not going to be in session they're not going to be available to do work for whatever reason most of it's laziness but you know some of it is there's a holiday here they're mixed in but a lot of it's laziness and incompetence but we know they're not available on these days that's the point i'm trying to make

Now as to when we can expect our second stimulus check well we can do a process of elimination and we can kind of whittle down the timeline a little bit here i don't think it's going to happen in september i think it's unlikely it could happen but it's unlikely the reason i think it's unlikely is twofold it's already the 25th today okay they're not going to pass anything today so we can get rid of the 25th that leaves us the 26th the 27th the 28th the 29th and the 30th we know based on their own congressional

Schedule they're not in session on the 28th or 29th so that leaves us if we get rid of the 25th and the 28th and the 29th that leaves us the 30th the 26th and the 27th they're not going to vote on the 26th to the 27th because it's a weekend okay they're not going to vote on a weekend they haven't historically going back to they haven't voted on a weekend since march 2020 and i don't think they're going to do it this month i'll assume they're not going to that's the historical trend

So that leaves the 30th the 30th is the last possible day for this month i don't think it's going to happen by the 30th i don't think five days is enough to hammer out any agreement our government's been pretty incompetent up to this point so i'm going to assume they're going to continue to be incompetent throughout this month when it's actually going to be passed i'm predicting we will get our checks mid to late october my reasoning for believing that is two-fold it could be wrong if they don't pass it by mid-late october

It's going to be after the election i think there will be one but it could have to wait till after the election if they don't pass of october my reasoning for saying it's going to be mid to late october is pretty simple the only time they can pass it is october 11th in october because look from october 12th to october to november 6th they're completely not in session at all unless they were to change the schedule and not go on break here which i don't know if they're gonna do or not so that would eliminate all of october if they

Don't pass up october 11th that pushes it into november there's going to be such chaos and turmoil over the elections i think that that's going to push it off even more you know if it doesn't pass by october i think you're mid to late november then at that point so hopefully they pass it that's why there's a lot of pressure i think that's why jerome powell in particular is putting pressure on the democrats and the rep and trump's putting pressure on the republicans in all fairness to pass something because he knows

That going into the election it's going to look pretty weak if they don't pass anything it's going to look pretty it's going to look pretty dire if they don't pass anything going into the election it's going to prove what we already knew that they were corrupt and it's also going to prove that they're pretty incompetent because they can't listen to their advisors i mean why why have a guy like jerome powell if you're not going to listen to them you know in the end it just doesn't make any

Sense so hopefully they pass something soon uh i think it's going to be mid mid to late october is when we're actually going to get our money i think there's pretty good evidence based on that based on what i've read but it is possible it takes longer depends on our political incompetence in this country well i hope you guys enjoyed this video make sure to hit that subscribe button a like and a comment are greatly appreciated also if you haven't already make sure to share this with your

Friends and family because i'm sure they would also like the most up-to-date information on their stimulus checks and unemployment benefits available anywhere

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