Trump Administration Considering Round of Stimulus Checks to Entice Return to Work

It appears that the Trump Administration has encountered an unpleasant hurdle with its stimulus handouts. Except this time, its not the big corporations being scrutinized for receiving too generous of government-funded paychecks, but rather the working class.

Larry Kudlow, the White House economic advisor has recently announced on Fox News that the US Federal Government is considering unveiling yet another round of stimulus checks for Americans, but surprisingly they would not be aimed as an unemployment benefit for the working class, but rather a “back to work bonus.” As odd as that sounds, Kudlow pointed out that many Americans are receiving more in unemployment benefits than they were when they were working, and now they have become deincentivized as the economy is gradually starting to open.

As part of the CARES Act, each qualifying American received a payment of $1,200, in addition to a $600 weekly top-up. Turns out, those stimulus aids add up to more income than what half of US workers make while employed full time – thus, it makes sense they would would want to sit on the sidelines for as long as possible.

As laughable as it may sound that the US government now has to essentially bribe the working class to come back to work, there is a much deeper underlying issue here. If over half of workers in the US get paid an income less than that of basic unemployment insurance, then perhaps the United States has a much deeper rooted problem.

And here’s another point to consider. Besides the obvious preference of staying at home and receiving “free” money as opposed to going to work: perhaps the jobs that Kudlow is urging the working class to return to, are just that terrible of jobs to begin with, and no one actually wants to do them? Maybe Kudlow needs to get Jeff Bezos up here, so he can roll up his sleeves and show those pesky US workers how its done.


Information for this briefing was found via Fox News and Zero Hedge. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

Antimony Resources Drills 5.27% Sb Over 4.95 Metres In Latest Results

Nord Precious Metals Identifies 29 Veins At Castle East Following 3D Modeling

Related News

The Federal Reserve Broadens Criteria for Main Street Lending Program

As a means of mitigating the financial hardships faced by many small and medium sized...

Tuesday, June 9, 2020, 07:33:00 PM

Biden’s ‘Build Back Better’ Infrastructure Plan to Cost Upwards of $3 Trillion

With the latest $1.9 trillion stimulus bill still hot off the printing press, an increasing...

Monday, March 22, 2021, 04:28:10 PM

Chart Party: What Direction Is Gold Headed?

A sharp drawdown in the gold price this past Tuesday stuck those of us betting...

Saturday, August 15, 2020, 08:30:00 AM

Jerome Powell Pauses Rate Hike Cycle

As was widely forecast by markets, Fed Chair Jerome Powell finally paused the central bank’s...

Wednesday, June 14, 2023, 02:01:28 PM

State Unemployment Benefits System Outsmarted by Foreign Scammers, Unemployed Americans

When the coronavirus suddenly impaired almost the entirety of the US economy, Congress had to...

Tuesday, June 2, 2020, 04:14:00 PM