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The topic of Stimulus Checks, bills, packages, proposals, updates etc… has been all the rage on YouTube with established channels milking the topic for every last penny, and some new channels exploding out of nowhere just because of this one topic and the insane amount of public interest in it. Now I am not criticizing anyone here, my first video on stimulus checks got half a million views and it was very much needed, at a time when ad rates had dropped about 40%.
But anyway, over the last week or so, the government has not released any plans for new stimulus packages. Yet, new stimulus proposals from congress people and new videos about stimulus proposals from YouTubers, have continuously been churned out. Whether it is $2000 per month, or Debit cards funded by trillion dollar coins or $10,000 a month for a family of five until three months after this crisis is over, there are several different very enticing proposals.
Even though the United States has already spent 3 trillion dollars on these several programs over the past two months, people are still hopeful for more. And I don’t blame anyone for that, there is no shame in hoping for some money to come your way. But how hopeful should we be? In this video I am going to analyse the likelihood of another stimulus payment and even if another stimulus bill will be passed in congress and signed into law. And I will try to be as non-partisan as possible.
What I take from the whole situation is there is no way any of those bills such as the ABC act, Emergency Money for People Act or the Monthly Economic Crisis Support Act would pass, just no way. I know i have made videos on them because they are interesting to analyse, but I gotta say it here because I don’t want to get people’s hopes up, but they have 0 chance of passing the Republican controlled senate.
So what actually does have a chance of passing, well first of all it isn’t going to be quick, we are looking at probably the end of May or even into June before another stimulus bill is passed and signed into law. The focus of this bill will probably be programs for getting people back to work, rather than funding people who are out of work. Listen to Treasury Secretary Steve Mnuchin speaking to Fox news this weekend.
So he talks about a payroll tax cut, Trump has said that he will only sign a bill that includes a payroll tax cut. Now if you have a job or are about to go back to a job, that is good news for the average person, it will put several hundred dollars in your pocket each month. Then we have liability protection for businesses, this is something Republican leader in the senate Mitch Mconnel has been pushing. Now this is good for businesses, but not good for individuals, it means basically you can’t sue if you think a business you visited exposed you to coronavirus. It could be a necessary evil to get businesses to open up, I will let you make up your own mind about that, let us know what you think in the comments below. Then lastly we have aid for states, the Democrats seem to be gearing up to ask for a $750 billion bail out for states budgets. But again this may be a negotiating technique, and their actual target may be lower.
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43 comments
yep! they're milking it sooo hard. I don't want to be teased every day haha I actually started hiding the videos. my time is valuable I am not just something for new YouTubers to play with hahaha
Hey look actual analysis instead of an endless stream of "OMG free money guys look what the furthest left fringes of the Democrat party wants to give us!!!!!!"
I appreciate YouTubers making money, so if more stimulus speculation helps you get more views – Do what you must. This was a good one and glad your are getting back to regular content.
Thank you like wtf im tired of hearing about all these bills like report about it when its passed
Free rent and 2000 per person
Top 10 States most dependent on Financial Assistance:
1. New Mexico
2. Mississippi
3. West Virginia
4. Montana
5. Kentucky
6. Alaska
7. Arizona
8. Indiana
9. Alabama
10. South Carolina
Mnuchin, Don't bail out these states that have been financially poorly managed please! Thank you!
Its not about whether we get more money for free or not from another stimulus. Its a question of how much will that free money costs us down the road with inflation and devaluation of assets.
The $3 trillion went to big business & big banks!
And don’t forget, the democrats led by Pelosi voted against AND delayed the original stimulus. Think about that for a minute when you see democrats propose you more funny money solutions.
These Stimulus videos have "Jumped the Shark". I write this while watching another stimulus video
Throw away that stupid Apple Monitor.
"hey stimulus warriors ! stimulus shifu here"
Love your videos mate, but IMO u should stop milking this stimulus subject for videos.
I heard us bank pulled their business card that only required 1000 spend in 3 months. Its harder to spend now 😪
Shifu giving those mcn the finger😂😂
Thanks for having a level head Ben. But, realistically, why are you guys "reporting" on anything that isn't passed and signed? Talk about what is real, concrete, not just merely proposed.
Thank God someone is making a reasonable video about these stimulus bills instead of pan handling for views telling people what they want to hear.
They are not giving us no more money
what can those who can't be found in the system can't add there information or get a location on regular tax return. I keep getting a "information not available"
Thank you for limiting this topic – so tired of endless stimulus speculation, getting boring. As always, you rock! 😁
As he does exactly what He's talking about.
Sorry. I already opened a Webull account under Waller's referral. I gave it to him because he's honest with including opportunity cost in his videos.
@The Credit Shifu – I agree 100%. It is amazing to me how all these Youtubers are worthlessly milking this '' Stimulus Cheque '' as a topic to get views.🤣🤣😂😂🤷♀️🤷♀️🤦♂️🤦♂️🤦♂️
People are annoyed that hes only talking about stuff being proposed as if there's an alternative. Yes he can wait until something is actually being signed but he has to have something to talk about until we get to that point. The moment something gets to the point where its being voted on and signed he will obviously transition to talking about it.
Thank you
👑
Thank you for being honest credit bro
No rush🤔
Everyone is affected by covid 19. If you don’t think so you’re not living in reality. People who are working through it as “essential workers” are basically being used as cannon fodder. Others have lost their ability to pay their bills. People can’t get other life saving procedures because it’s been labeled as “non essential procedures”.
As for money, the government does not have a spending limit. The government creates money it does not borrow money. You can’t be in debt to yourself.
unfortunately they will have some arbitrary low income limits…singles in HCOL areas with higher average incomes to compensate for the COL will get hosed!!
What about protecting both employee and employer on this pandemic? There is a lot of way and payroll tax cut is just one of them.
15% of $2000 is $300 if they go with a tip percentage for monthly stimulus no payroll tax boom
Imagine if the next stimulus is >>> We are somehow paying your credit cards debt gradually. Or something along that line.
I wouldn't mind another stimulus check but if there is another one I'm not expecting it till the summer. The CARES act has made it for anyone to apply for unemployment plus an additional $600. That right there is at least $2400. If you still think you need more money I would consider checking your spending habits.
Never let a good Crisis go to waste. Meet Kevin puts out update on top of update as fast as he can. Of course it's all about the views and making money for him. Just tell me what has passed and what I can get.
Millennials getting all excited for free government money. Its quite pathetic actually.
Negotiation = shoot for the stars, land on the moon. Destination was the moon.
Haven't heard of 1 politician donating their inflated salaries to help their constituents (maybe I missed that report). But hey, Nancy's enjoying her overpriced ice cream. Even MLB is talking about taking pay cuts so they can get back to playing ball.
Very shortly here to come, we will only be able to get money through the government
Thanks for the video. I’m so sick and tired of YouTuber’s posting about something that more than likely won’t pass. Putting information on just to get views suck!! I personally have unsubscribed from many of them. They have lost my respect👎
I Enjoy ur videos !!
Anchor-and-contrast: is a form of persuasion in which you initially make a large request that is rejected then followed it with a smaller, more reasonable request.
My stimulus check is gone all went to bills. I’m still working, but my hours been cut and I lost a lot of tip income. Another check would be appreciated
Can't wait to see the credit and personal finance videos! Glad your off the free government money kick and alleged cocaine!