US risks repeating huge mistake from Obama stimulus, Democrats want to avoid it - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 64 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Congress hasn't approved a coronavirus relief bill, putting the US at risk of repeating a critical mistake from Obama's 2009 stimulus. Democrats want to avoid it.

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Congress adjourned without passing another stimulus bill at a moment many experts say it is critical to prop up the economy.

"If I'm the chairman of the finance committee, [I will] make sure everybody learns the lesson from 2009. You don't take your foot off the gas in the middle of an economic recovery," Sen. Ron Wyden said in an interview.Congress pumped more than $3 trillion in emergency federal spending into the economy this spring, as the pandemic caused millions of layoffs and small business bankruptcies.

More people are leaving the labor force and the number of permanent layoffs is rising, according to Wendy Edelberg, the director of the Hamilton Project at the Brookings Institute. "They learned the lesson from 2008, going big and moving fast" in March, Claudia Sahm, a former Federal Reserve economist and expert on recessions, told Business Insider. "Now, all those lessons are out the door because they're doing the exact same thing, saying the economy will take care of itself. "

"Anything that takes an average across the economy isn't gonna place proper weight on the extreme suffering of those at the very low-end," Michelle Evermore, an unemployment expert at the National Employment Law Project, told Business Insider. Nearly 23 million people are receiving some form of unemployment benefits.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Beautifull

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Inside the battle to get hazard pay at a Mars Wrigley warehouse - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The same as the Amazon workers had to 😡 Absolutely Disgraceful putting profits before people in a global pandemic thank you very much for your work
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Stock market crash: Expert warns of further plunge, powerless stimulus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I call bullshit. good luck Why building the US-Mexico wall? What to prevent? re: The Dollar Crisis: Debt, Deficit & Default 中方求稳 应对出口美国和以美元计价的订单设限:七三开,即须以七成美元和三成人民币结算。 TradeWar+ TechWar+ COVID19+
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Best Hilton Honors credit cards in 2020 - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Democrats say they fear election-week chaos, including delays and violence - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. What a shithole country Trump has turned us into. The violence will be perpetrated by your own, so I guess the democrats are afraid of democrats. Le résultat de l'élection US du POTUS, c'est le 14 décembre, pas le 3 novembre.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

The most dangerous day for disinformation isn't Election Day, it's the day after - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. BrettBruen More good news please((( BrettBruen Happy birthday to me 😑 BrettBruen 83% of Americans say the spread of misinformation is a major problem. A quarter of Americans have difficulty understanding fact and opinion with respect to the election.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

What it's like to get locked out of Google indefinitely - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. stokel stokel thanks techinsider stokel Degoogle. Simple. Google collects data and once locked out they can use it for billions.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »