Most other countries are paying 70%-80% of salary not one-time payments to unemployed!
10-23-20
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Federal Reserve Chairman Powell said the stimulus package must provide the following types of payments to people & small businesses to avoid a multi-year recession/depression
1) expanded unemployment
2) direct payments to Households & “small businesses”
10-17-20
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Once again the President & Republican Senate ignore expert advice from Federal Reserve Chief Powell who has been saying since springtime that stimulus is needed to avoid economic catastrophe that will take years to recovery from.
From 5-15-20
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“Federal Reserve Chair Jerome H. Powell gave a dire warning Wednesday that the U.S. economy could become stuck in a painful multiyear recession if Congress and the White House do not authorize more aid to address the coronavirus pandemic’s economic fallout.”
https://www.statista.com/chart/21496/stimulus-packages-coronavirus-selected-countries/
https://www.businessinsider.com/countries-offering-direct-payments-or-basic-income-in-corona-crisis-2020-4
https://www.epi.org/indicators/unemployment/
https://markets.businessinsider.com/news/stocks/economic-forecast-morgan-stanley-gdp-growth-fourth-quarter-outlook-stimulus-2020-9-1029627338
https://apnews.com/article/donald-trump-global-trade-north-america-china-united-states-c6d5a4d935d8d3bca966d2395deee68d?s=04&fbclid=IwAR05Vx4g7UyYgwHQkLAvSAdLesXVbQhAp5qvtY3eo_r7F_WyQUQ3go_ulHs
https://apnews.com/article/virus-outbreak-business-jerome-powell-economy-52c9e406378c5acefc04af10621d40bb
https://fortune.com/2020/10/06/stimulus-bill-fed-chair-powell-congress-us-economy-checks-unemployment-benefits-coronavirus/
https://www.washingtonpost.com/business/2020/05/13/fed-powell-coronavirus-recession/
https://apnews.com/article/us-jobless-claims-drop-to-787000-42a89d61a838bd0aea6763b5b011469a