The Washington Post Editorial Board has finally chimed in on give Americans $2,000 checks, and their kneejerk Trump Derangement Syndrome leads them to coming out against Trump
Why increasing the stimulus checks from $600 to $2,000 is a bad idea
GIVEN HOW 2020 has gone, we probably should have known it would end with Congress and the president wasting their final days on one last bad idea: $2,000-per-person direct payments, supposedly to offset the hard economic times brought on by the coronavirus pandemic.
As we have previously pointed out, there was a case for including modest “checks†to the hardest-hit, low-income segment of the population. In the $908 billion stimulus it did pass, however, Congress went well beyond that, providing $600 payments that will send up to $3,000 for families of five earning as much as $150,000 — and at least a few dollars to those earning up to $210,000, before phasing out entirely. The bill does this while extending unemployment benefits a mere 11 weeks. In short, the measure short-shrifted the neediest and showered billions on people who suffered little or no lasting hardship from the pandemic. This, at a time when the economy has healed significantly and coronavirus vaccinations are underway — unlike the chaotic days of April, when Congress sent checks (of only $1,200) to help people cope with economic free fall.
Yet a just-passed House bill would compound all of those errors by increasing the $600 payment to $2,000, at a total cost of $464 billion. It would phase out completely only for families of five earning above $350,000. Much of this is going to be saved, not spent, since restaurants are closed and air travel limited. The resources would be far better spent, in terms of both economic equity and economic growth, on longer extension of unemployment benefits, aid to state and local governments, and vaccines.
See, “there was a case…” Coming from people who haven’t missed a paycheck this year, and whose business was never considered “non-essential.” And, consider, many who were considered essential still saw reduced hours and reduced income. Not the newspaper business. Everything went along as normal. Most of the people on the WPEB are looking at six figure salaries. Anyhow, lots more could be said about that, but, here it comes
But if the $2,000 payout is a bad idea, it is a bad idea whose time has come because of politics, not economics. President Trump deserves primary blame, by criticizing the initial $600 per-person version as too small and threatening to veto the stimulus bill. That created an opening for Democrats in Congress, who seek to exploit the proposal’s simplistic appeal to help their party’s two candidates in Georgia’s Jan. 5 Senate runoff.
See? It’s all Trump’s fault. It’s not like Trump wasn’t pushing $2,000 months and months ago. And it doesn’t even matter that Nancy Pelosi, Alexandria Ocasio-Cotez, and even China Joe Biden jumped on board now: Blame Trump. TDS. See, it doesn’t matter that Americans are hurting, Americans are out of work, Americans are seeing their businesses go away, that government is keeping things locked down, and that outlets like the Washington Post are advocating for all the lockdowns and restrictions. I’m betting a goodly chunk of the people in the direct sphere of the Washington Post, D.C, Alexandria, etc, would disagree with the WPEB’s take.
This was simply where Trump Derangement Syndrome takes them. They even go after the Progressive left, specifically Comrade Bernie Sanders, because of TDS, in the next paragraph, and support Mitch McConnell. TDS is a hell of a thing. What will they do when China Joe is president?
Read: Surprise: Washington Post Comes Out Against $2,000 Checks »