GOOD + BAD SECOND STIMULUS CHECK UPDATE! | NEW BILL UPDATE AND STIMULUS UPDATE | (OCTOBER 1)

by birtanpublished on November 1, 2020

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 if you are new to the channel make sure to hit that subscribe button down below a 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 understanding checks and unemployment benefits available anywhere in youtube which is

What i try to provide here in this channel so we have two pieces of bad news and one piece of good news in this video because we have to be balanced on this channel i try to balance out the good and the bad i'm pr i'm a pretty optimistic person so i always try to highlight the positive that's why i don't really delve into politics that often because i think it's just it brings negative energy into your life and i think a lot of people out there right now need more positivity

But i'll notice that politics is just it's a negative energy and so i always try to distance myself from it whenever it's possible but a lot of times in covering the stimulus stuff it's not possible so i'm going to have to delve a little bit into that in this video so make sure to stick around until the end so the first kind of piece of bad news is the second stimulus check updates democrats press ahead with partisan debate on 2.2 trillion dollar coveted relief bill as talks drag so the talks for the

Second stimulus check have slowed down the democrats are going to keep pushing forward with their 2.2 trillion dollar package but i don't really think it has any chance of passing because it has 600 weekly unemployment benefits and it has a lot of money for the states and local governments which i don't think that the republicans in the senate are going to support so i'm pretty much saying this 2.2 trillion dollar bill is pretty much done on arrival unless the republicans were to

Shockingly change their position which i don't think is going to happen especially because they've rallied against more funding for state governments because in they believe it's a bailout for blue states that's their belief i'm not saying i agree disagree i'm just saying that is their belief so that's the first piece of bad news the second piece of bad news is airline workers face layoff as congress misses relief deadline thursday is going to be a difficult day for many people in the airline industry

Nbc's 5 elena quinlan reports how up to 50 000 airline workers across this country will be furloughed with the expiration of the federal relief money for the airline business so congress did not act fast enough fifty thousand airline workers have lost their job now i've heard that number could go up to a hundred thousand in the coming weeks of more people to be furloughed so that's the second piece of really bad news today is that the airlines have now furloughed 50 000 hard-working americans

Because congress refused to act fast enough in helping the airlines and they refused to act fast enough in helping the stimulus there were rumors that the stimulus bill and the airline bill were going to be wrapped up into one uh it could still be but at least for now these these employees are furloughed and they're not working anymore so that's kind of a bad piece of news the good piece of news though is that the white house is proposing a counteroffer to nancy pelosi's 2.2 trillion dollar offer and the

Discussions around this are still ongoing the house is proposing a 400 weekly federal unemployment benefit as part of its 1.6 trillion package so the white house is proposing 400 of weekly federal unemployment money they're also proposing money for state and local governments but less money than the democrat bill has i think this 1.6 trillion dollar bill i mean at this point hey it's better than nothing but i just don't think nancy pelosi is

Going to be interested in taking it and from her perspective i can kind of understand why you wouldn't want to take it because if you're someone who was set on a 2.2 trillion dollar number you already came down from 3.4 trillion to 2.2 trillion and you have a presidential election coming up who's it going to hurt more if we don't get a stimulus deal i think it hurts trump way more than it hurts the democrats in my personal opinion because ultimately it donald trump's the president

He's in charge of the economy the buck stops with him he's the one who's going to get the majority of the blame you know that's just how it is do i think it's fair not necessarily but it doesn't really matter what i think is fair all that matters is what what is it what is is what is and i think the majority of the people associate the president with how the economy is doing how the stock market's doing however i think that's just how it works i think people associate the economic outcome with the president for example you'll

Often hear people say well this president added this amount of debt and this president added this amount of debt they didn't really because congress controls the spending but people automatically associate the spending with the president the economy with the president that's just how it it that's how it is that's how it's always been so if i was nancy pelosi i can kind of understand the argument of hey you know what it's going to hurt you it's gonna hurt you guys more than it hurts us here's the 2.2

Trillion dollar package take it or leave it if you don't want to take it okay we'll take our chances in the election cycle i mean that's kind of her perspective and i can kind of understand i can understand that i can understand why that would be your perspective because it's it's not i don't think it's good for the country i don't think it's good for our political system but i can understand it as a political move it's a good political move like hey if

You're not going to give us what we want all right we're just not going to have a deal okay we'll go into the election without a deal because who who are the people going to blame for that in my opinion they would blame trump over anyone else that's just my opinion as a as a moderate unbiased source i think or a fairly unbiased source i like to think that would be the main association i would say who's the president well do i want change or do i not want change you know so i think the stimulus bill is big that's why i think trump's been

Pressuring the republicans to move up on the number but there's still no way they're going to sign on to 600 unemployment weekly unemployment benefits and if the democrats aren't willing to move down from 2.2 trillion i just don't see a negotiation being made before the election uh but we'll see what happens i don't know that but this is good that they're talking about a new 1.6 trillion dollar package it's you know 400 weeks unemployment benefits better than nothing better than what we

Better than what we've been having lately it also includes a second 1200 stimulus check so that's good so people can kind of get caught up on their bills a little bit i think you're going to need a third package i've made that prediction clear i think that won't happen until after the election or in 2021 uh the third package i think they'll need one more before the election and then one more after the election joe biden's talked about doing two thousand dollar monthly stimulus check which i or stimulus bills which i

Understand um doing two thousand dollar monthly stimulus checks retroactive because that's what you have to do i think this situation calls for it and i don't think that's something the republicans or the democrats really understand is you can't do these temporary bills these temporary bills aren't enough they don't keep you afloat long enough to pay your previous bills you're just on you're constantly on the edge especially when the government told you can work

The government got a lot of people fired the government shut down the economy and now they have to deal with the fallout from that and i feel like they have a responsibility to pick up the slack they have a responsibility to pick up where they left us you can't just take someone's job and get everyone fired and then not help them out that's kind of an unfair situation so i think they have to i think the government's going to have to do something and i think they're going to do something after the

Election too that way the next year is strong whether it's trump or biden's president i think either of them is going to want more stimulus i don't think it really makes a difference at this point given how large the deficit is it doesn't really make a difference at this point whether they do one more stimulus package or not we're already in so much debt who cares it doesn't seem like there's a lot of inflation right now so i think it's going to be fine the federal reserve chairman

And steven mnuchin the treasury secretary both said in their congressional statements that they believe more stimulus would be needed or is required or would be beneficial so if our top economic experts are saying it i'm going to assume it's true but i think so this is bad and good news you know there's good and bad news in every story i try to cover them unbiasedly but i think that's the one piece of good news is that we have a new counteroffer the

Bad news is that the democrats are going to push forward with this 2.2 trillion package it's not going to pass and we had 50 000 airline workers hard-working americans honest people lose their jobs they're furloughed they're going to be off there's no telling when that's going to end there's no telling if the airline industry is even going to bounce back at all i asked that question in the comments in my last video you know is the airline industry even going to bounce back

I think a lot of people are pessimistic i kind of am too about it just because i think it's going to be a while before people become fully comfortable being packed into a metal tube uh and you know in this current environment well i hope you guys enjoyed this video make sure to hit that subscribe button down below like and comment greatly appreciate it 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 in youtube which is what i try to provide here in this channel also make sure to comment down below what do you think of this new 1.6 trillion dollar stimulus bill is this fair 400 weekly unemployment 1200 shacks is nancy pelosi going to go for it or not let me know down below have a good one guys

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