Comments by "Xyz Same" (@xyzsame4081) on "Millionaires On Morning Joe Argue Against Relief Checks For All" video.

  1. the poor do not "save" it - they REDUCE DEBT. Especially high interest credit card debt. Probably 15 %. Many have run it up, so they will hopefully and wisely try to reduce it. And people will also abstain from spending on non essentials until the economy recovers. They are being frugal if they are rational as individuals. If government wants to change that individually rational behavior (that means a recession / depression on the large scale) they will have to end the pandemic as soon as possible. The 1.9 trillion package also contains a lot of money for keeping schools safe, and to roll out vaccinations. It should have been passed. Biden should make an example of Manchin and Sinema who openly colluded with the Republicans and taking ALL leverage regarding the filibuster away from Democrats. Repubs have no reason at all to cooperate (with the threat of filibuster removal hanging over them, thanks to promises of Senators Sinema and Manchin). Biden should Bernie let organize socially distanced peaceful mass protests. In WV and AZ.
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  2. Rich Joe Scarborough is not even consistent in his concern trolling. "If a family has 150k or 100 ..." the fade out for the relief starts with a former ! family income of 70k. That can be 2 adults working full time making 35k each. before taxes. No great healthcare with that kind of jobs, so they pay an arm and a leg for childcare and healthcare. The average U.S household income is 50k, but that or even 70k is not quite as much as it seems in almost all larger cities (that is hwere the jobs are !) and in many states (like California or NY). Even if both work and only earn 35k each - there is a good chance that at least one of them pays down student loan debt. A burden that other nations do not put on their young people. Even IF a couple is lucky. He has a good job, with healthcare, Stray At Home Mom, so no childcare costs, he kept his job throughout 2020 and parents paid for college. Usually Republicans give a big tax break to the rich and big biz (permanently) and sell that by throwing some temporary bones to the middle class (which they need to have a chance to win elections, there are not enough upper class people). The lucky 70k (before taxes) would fit right into the "middle class that deserves a tax cut during boom times" mold. they are also the typical Republican voters (or courted by them) so what are Republicans like Joe complaining about ?? At worst some lucky families get a tax break,instead of desparately needing the money. Many of these people still have too much debt (societal pressure) so they could settle that. WHEN the economy improves that means they are in a better position. And money that 70k families save will go back into the economy sooner or later.
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  3. 1000 USD debt dragged along for a year costs easily 150 USD interest (15 % interest). Year after year. If across the nation a LOT of the fairly reliable clients of credit card companies pay down millions with the stimulus cheques - it will reduce the profits of the vultures. That is why they complain about the money being "saved" (paying down debt is not "saving", but never mind). No, they do not spend more, people shouldn't be in restaurants or hair salons right now. Not if they are reasonable. For health reasons and for reasons of financial prudence. Not until the GOVERNMENT sees to it that the economy picks up as soon as there is some kind of herd immunity and people have more economic stability.
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  4. the poor have piled up credit card debt, even the middle class families have (if the family HAD 70k in 2019, but not in 2020). That is highly lucrative. people do not "save" they PAY DOWN DEBT (with interest around 15 %). That is what spooks them too. Big finance does not like it.
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  5. Good source, good segment.
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  6. General numbers of the banks. - people do not save, they pay down 15 % interest credit card debt, if they can. If a lot of people do that it is some profit for the banks that they miss out.
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  7.  @jimwhittaker4137  the threshold is 70k FAMILY INCOME. And like David said. Send out the money FAST. Find a fair formula for taxation LATER. (could be spread out over 2 years to take into account the unique situation). Republicans should like it because that ALSO saves a lot of admin. The IRS does taxes anyway. And if they figure out a formula they have time to get the software in place. Or time to test all scenarios (for instance that some families fall through the cracks, if you do not have to RUSH it ususlly such flaws are detected. Adn congress, Senate can adjust the bills if they overlooked something - which can easily happen). They are so worried by the fact that he unwashed masses are geting something no (immediate) strings attached that they would rather make it a bureaucratic nightmare. They can say something was passed, never mind that people have to wait for it so it does not even show the effect. One contributor of TYT said her 600 USD cheque is still in the mail. The USPS was sabotaged in summer by the Trump admin and they concentrated on handling the election related mail. So other mail was postponed.
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  8. the rich are worried that the peasants start demanding better. (subsidies, bailouts and favors, no strings attached, and deliverd FAST are ONLY for the rich and big biz). Even in the middle of a pandemic it has to be crumbs only, and it must be conditional, complicated, petty. A longer ! struggle and a lot of concern trolling before it is passed. The speculators from Wallstreet, "the markets" as they like to call them, got 1.2 TRILLION on March 12, 2020 in form of QE. Likely large banks had a lot of exposure, if speculators cannot pay the highly leveraged bets, the losses would have rippled through the system. in 2009 they needed at least Congress for QE and there was some discussion. But they have now provisions under Frank Dood that the Fed and Treasury can act on their own and "print" the money for their buddies from finance. That was before any help for big biz, small biz or citizens was even discussed. They can act swift, but they will never do that for the peasants. The peasants could be getting ideas.
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  9.  @jayannakelley9051  Propganda works see your comment. Sanders would have run all summer on economic populism. Nina Tuner in Ohio. HrC and Biden lost Ohio and Florida. AZ and GA wer a nice surprise BUT the Rustbelt results were way too close for comfort. It was better in NV and MI, they were in the 2.3 and 2.8 % range. This is why they were called earlier. With the ongoing count of mail ballots - a lead of 3 - 5 % manifests and the networks could project. PA was only won with 1.2 or 1.3 % and WI with 0.63 % After 4 years of trump in the middle of a pandemic.
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  10.  @jayannakelley9051  Maybe Sanders would also ! not have won Florida (like HRC and Biden). Obama won Ohio twice and then Trump won it twice and with 8 % margin in 2016 and 2020. While Biden won MI with 2.78 and PA with only ! 1.2 % and WI with only 0.63. That is why it took so long to project Biden as winner, with 3 - 5 % lead he could have wrapped it up on Nov. 4th. Nina Turner is from Ohio, Sanders would have told them TPP is not coming. Not gonna sign it. NAFTA new and shiny had small improvements, but he had ideas for that, too. And voters would have believed HIM. Sanders could have pulled off Ohio, at least he would have tried. In the end Sanders would have needed to win MI, WI, PA, and he would have done better than Biden - and some attention to VA (it has been blue since 2008 or even before but they have a lot of suburban voters that might fear for their tax cuts). All other states that Biden won are fairly blue. A win was very doable for Sanders even w/o Florida and w/o Ohio. And GA an AZ were not necessary (they better not be, it was 0.3 % and less. A pleasant surprise and a cushion if another state would be unexpectedly lost, but nothing to plan with). Another observation. If Trump won a state in 2020, it was with a solid margin. Not just 1 %. Trump improved in Florida from 1.2 - 3 %. The Sanders campaign killed it with the minority / Latino approach in the primaries, Chuck Rocha hired people FROM the communities, so they made a regular wage. No one got rich, but plenty of people got the chance to "work on a campaign". That common sense approach was highly successful, but it is groundbreaking, other campaigns don't do that. Why ? because the money is normally funneled to the beltway insiders, and a LOT is used for TV ads. Paying regular staff wages to do on the ground work and to leverage the work of volunteers does also cost money and it gets results, but the money does not end up in the pockets of the usual suspects and of course there are no kickbacks. As for Florida: The wealthy or solid middle class Cuban Americans vote R anyway. And then there are the secret weapons Nina Turner and AOC. A lot of people came over to Florida from Puerto Rico and there they DO have the vote. And no kind feelings for Trump. Latinos are no solid block, those that fled poverty / violence from Latin America would vote for Sanders (if they have the vote or their children have it). Wealthy people fleeing from Venezuela or Cuban Americans would likely vote R (well they did anyway). Sanders did well with Cuban Americans over 40 in the primaries btw. He beat Biden.
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  11.  @jayannakelley9051  Trump has improved with every demographic in 2020 BUT white males (especially w/o degree). Sanders does well with this group so he would have won that group, too. - The Biden admin showed some good signals but now they are not following through. Joe Biden should have invited Senators Sinema and Manchin for a discussion in the White House, not 10 Republicans that offer one third of his proposals. (after the traitors have signalled to the Republicans and given Mitch Mc Connoll the promise that takes ALL leverage regarding filitbuster from teh Democrats. That means they preemptively sabotaged the D party and the president right out of the gate. FDR would be twisting some arms right now. President Sanders would communicate that ONLY Democrats (or Republicans posing as Democrats he would not say that but other messangers would be more direct ) prevent the simple majority vote. Likely he would let his VP do the talking. If that would be VP Nina Turner the two brazen defectors could run for cover. And all the other big donor serving concert trolls that vote with Republicans whenver a bill would be good for The People (but were not quite as outspoken and brazen as Sinema and Manchin). That good cop / bad cop sharade has been going on for decades, and Sanders knows that game of course. If the Democrats get decisive majorities from the voters so they could pass good bills - there will be always some "Democrats" that switch sides. In service of the COMMON donors. Biden was of course also one of them when he was in the Senate. So he is not giving the defectors now a hard time.
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