Coronavirus Prompts White House To Mull Economic Stimulus Plan ... For Trump's Hotels
Source: Crooks and Liars
3/08/20 7:00am
According to The Washington Post, it’s not yet clear whether Trump’s own hotels would benefit from the proposed tax deferment to mitigate the economic fallout from the coronavirus, but White House officials don’t appear to be ruling it out.
In order to mitigate the economic fallout from the coronavirus, the White House is considering what economic chief Larry Kudlow called a "timely and targeted" intervention in the form of a tax deferment for the cruise, travel, and airline industries. “Perhaps on a large scale, some of the sectors might need some temporary assistance,” Kudlow told Fox Business, adding, “We don’t want to act prematurely.”
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Perhaps we should consider it a step in the right direction that the White House appears to know something is happening and it's not good. Maybe Trump will stop encouraging people to go to work after they've contracted the coronavirus. Or maybe that's a little too much to ask.
Kudlow rejected the idea that the economic fallout would be widespread, even as many economists suggest that's plausible and some signs of panic appear to be settling in among investors.
But the travel and tourism industry—and hotels!—that's an area of concern for the White House. Hmm. So even as a broader stimulus plan doesn't appear in the offing yet, a more "micro" approach is.
“We would prefer a targeted approach, a rather micro approach,” Kudlow said. “Let’s think about individuals who might lose paychecks because they have to stay home if they get the virus. Let’s think about small businesses that might get hurt by this.” ......................................
Read more: https://crooksandliars.com/2020/03/coronavirus-prompts-white-house-mull
= new reply since forum marked as read
The sick can get a case of bedbugs along with their COVID-19.
Me: "What about the people?"
Toxic Toads: "No, people are not important here. The businesses and economy are."
Me: "But, aren't people the source of the economy? How could you have one without them?"
Toxic Toads: "Shut up!"
Me: "Pandemic. Illness. Deaths!"
Toxic Toads: "Meh! Remove this thing from here now!"
