Small Business owners run out of time…..
American BIGGEST amount of business IS Small Business… NOT the big companies…. Small businesses don’t get headlines…. They can’t stay closed for extended periods of time… They don’t have big bank...
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Joe Biden’s one weakness…The Economy…Open Thread for July 14, 2020
In just about EVERY poll out there between Joe Biden and Donald Trump Biden leads on everything EXCEPT the economy…. While the Trade War is out there, unemployment numbers and claims are thru the...
View ArticleTrump admin will keep jobless extra benefits checks coming….
Told ya so…. To have stopped the supplemental unemployment checks LESS than 4 months from Election Day would a REAL STUPID idea by Trump & Co….(The amount of the weekly checks after July is likely...
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The Market rallies and keeps climbing as the country deals with a virus and...
Huh? Things are slowly going sideways and people MAKING MONEY. gambling on stocks? Right now? It’a about a vaccine going out for testing with tens of thousands people… And Trump’s dream that everything...
View ArticleUS Banks increase their rainy day money reserves….
Figuring that right after Donald Trump leaves the stage? (Trump wants MORE tax cuts which would cut even MORE incoming revenue for Social Security and Medicare?) The same thing that greeted Joe...
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Barney Frank does NOT want to see Elizabeth Warren as Biden’s Treasury Sec…
The former Democratic Massachusetts Senator now sits on the board of a Bank…. He correctly points out that Warren would probably send the Stock Market and Bank’s into downturn if she was appointed to...
View ArticleReplacing the extra $600 in weekly jobless benefits is too complicated for...
That’s the view from the Huffington Post…. It would seem that Republicans and Trump are doing EVERYTHING they can to lose votes come November 3rd….. Will Pelosi go along with this in the House…. Senate...
View ArticleDemocrats hold on tight to keeping the $600 jobless benefit….
This isn’t 2016-2018…. Democrats have a 40 seat majority in the US House …. Republicans will get nothing from the House Speaker Pelosi unless they make a ‘deal’ with her… Economists warn that cutting...
View ArticleWill the addition $600 a week jobless benefit really be over?
Republicans wanted to get rid of it…. Then they fell back to $200 a week…. But now? With both the Trump White House guys and Pelosi and Schumer playing hardball? The addition money benefit has run...
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Jobless claims drop below 1 million first time in 4 months….
A pleasant surprise…. One might expect that the number might climb up again as some states and local governments begin to start lay-offs due to shrinking tax revenues and some state reclosings… About...
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Reforming the Post Office or Downsizing an American institution ?…Open Thread...
The US Postal Service is YUGE agency… (It is also unionised …) It does something probably no other company on earth can do… Deliever letters and packages EVERYWHERE in American around the planet at...
View ArticleJobless claims are back up…..
No surprise to some of us… The number of Americans filing for unemployment insurance unexpectedly rose last week, a sign of the job market’s fragility five months after the coronavirus pandemic began...
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No new taxes on those making under $400,000 a year…Biden…
And NO new taxes on small businesses…. Great Pledge campaign pledge! Of course we know Congress writes the tax laws…. But I like him saying he ain’t gonna raise my taxes if he can help it…. Democratic...
View ArticleTrump payroll tax move could actually raise people’s taxes come next year….
He wants to cut payroll taxes now…. But Congress actually writes the tax code and with payroll taxes sending money to Social Security and Medicaid? Congress IS NOT gonna let the missed payments stay...
View ArticleMedicaid numbers increase due to job loses from virus….
The increase in people going on Medicaid is draining the budgets of several states…. Another problem apparently Donald Trump is ignoring that affects other Americans and hurting state ‘s…Like Nevada…....
View ArticleJobless claims at 837,000 for last week of Sept. 2020….
Donald Trump may be talking about a great economy by looking at Wall Street…. But? Virus fall out IS keeping people out of work…. A cascade of new layoffs announced this week is putting pressure on an...
View ArticleEmployers added 661,000 jobs in Sept….
Ok…. But? It may take 2 years to get things back to the pre-virus employment last year…. This isn’t a ‘Great’ economy… A turnaround could happen at any time, of course, particularly if there is a...
View ArticleGoldman Sachs and Moody’s turn away from Trump for a speeder economic recovery …
Oh Snap! Is Donald Trump and the Republican’s seeing the money people beginning to jump ship? Wall Street advisors are turning to Joe Biden…. Donald Trump’s strength has been the economy… Has he lost...
View Article898,000 seek jobless aid last week….
Rich people in the top economy maybe making money on Donald Trump…. The bottom economy is sufferings and NOT getting better…. The number of Americans seeking unemployment benefits rose last week to...
View ArticleSenate Republicans turn their back on Trump’s plea for a Virus deal….
Democratic House Speaker Pelosi is holding out for more stimulus/virus money….. (Fed Chair Powell and a LOT of states and business are also looking for more money from the Treasury also) President...
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