Obama's former top economist says Congress should immediately send $1,000 to every American adult to stimulate coronavirus-stricken economy | Markets Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Finance Finance Headlines News

Obama's former top economist says Congress should immediately send $1,000 to every American adult to stimulate coronavirus-stricken economy

on Monday that the government should direct aid towards those workers as they"only get paid as they are able to find work."

When it comes to a possible stimulus bill, Furman said that the low cost of borrowing would make it cheap to finance such spending. And he believes the onus is on lawmakers to prevent the virus from posing a bigger economic threat than it already does.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

AndrewYang

That's just dumb! Very cash for clunker-ish dumb!

... and buy Bitcoin with it. *not investment advice

Terrible strategy & makes no sense (which isn't surprising coming from a former Obama-economist). People having money in their pocket isn't the problem right now, rather people are going out less, not taking vacations, etc out of fear of coronavirus. Really bad solution.

$1000?! What a joke. Bloomberg could have given everyone in the USA a cool million, and yet decided to run an ill fated campaign. What a waste.

Govt funded dr visits, testing, paid sick leave, UBI, sounds a hell of a lot like socialism.

What Asian Mexican looking dude that was pals with Ellen.

Aren't people spending a ton of money anyway on panic-buying? If anything, they should remove kids from school, and pay the parents for homeschooling them for a month ($1,000 per kid)

Yoooo don’t be stealing Yang Gang’s Thunder Math

Yang gang

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

While market sinks, Trump tweets on Obama, 'fake news' and the Dem primaryHHS Secretary Alex Azar claimed that “rapid work” is underway on a possible vaccine that “should go to clinical trials very soon” while a therapeutic treatment is already in clinical trials Your head will soon be on the chopping block when this vaccine doesn’t appear pronto. The new Baghdad Bob.
Source: politico - 🏆 381. / 59 Read more »