Good News for Second Stimulus Checks

Alright, folks, I’m Logan Allec, I’m a CPA, and this is my stimulus update for Wednesday, December Sixteenth.  A POLITICO reporter covering the stimulus beat, and frankly this guy’s been pretty pessimistic about stimulus, he tweeted this this morning: “BREAKING … Hill negotiators are on the brink of a nine hundred billion coronavirus rescue package that would include a new round of direct payments but would leave out state and local aid and a liability shield.  A deal could come as early as this morning.  More on POLITICO shortly.”  I’ll get into the POLITICO article later, it’s anonymously sourced, so nothing crazy there, but I will go over what POLITICO is hearing right now.  But let’s back up, as I told you yesterday, yesterday Pelosi, McConnell, Schumer,and McCarthy met in Pelosi’s office with Mnuchin phoning in.  Subject of discussion, stimulus and government funding, and they were meeting for a long, long time, but we didn’t get much details about what they actually talked about, I didn’t make a video because they didn’t really give a lot.  They met at 4:30 P.M. Eastern Time, they met for about an hour, then they took a break, and then they met again at 7:30 PM. for about an hour as well, then they split up, McConnell and McCarthy left Pelosi’s office to discuss things separately in McConnell’s office while Pelosi and Schumer stayed in Pelosi’s office.  Then after about an hour and half, the Republicans, McConnell and McCarthy, go back to Pelosi’s office to talk to Pelosi and Schumer again.  However, there were good indications last night.  Whenever a reporter caught up with one of these cats as they were walking around the capitol to and fro offices or leaving the capitol, there was optimism in the tone.  This CNN Congressional reporter said that McCarthy said, “I think it’s going really well, I think we are close [to a deal],” he said, “I think we’ve built a lot of trust, I think we’re moving in the right direction, I think there’s a possibility of getting it done finalizing it out if it’s possible.”  Asked if the deal is less than a trillion, McCarthy said, “Let us work it all out.”  Upon leaving the capital, Pelosi said when asked about state and local and liability protection in the relief bill, Pelosi said, “We’re talking about going forward, we’re not talking about that.  We’re all here late, there’s morning communications, the Secretary and each other, and tomorrow, we’ll be back early and we’ll be on schedule to get the job done.”  Now, this reporter clarified that when Pelosi said, “We’re not talking about that” when asked about state and local and liability protection, she meant she’s not going to get into specifics with reporters right now, not necessarily, we’re not talking about state and local and liability protection.  Alright, the Politico article, let’s just go over it here, POLITICO is saying that the negotiators, which I take to mean Pelosi, McConnell, Schumer, McCarthy, and probably Mnuchin as well are on the brink of a coronavirus rescue package that would include a second round of direct payments but would likely leave out state and local funding and a liability shield, according to multiple sources involved with and briefed on talks.  The price tag of the emerging deal is nearly nine hundred billion, and a deal could be finalized as early as this morning.  If this is true, then Pelosi caved once again, she held out this whole freaking year for state and local funding, and if it’s come to this, wow, what a capitulation, what a capitulation.  But later in this brief article, it says that, “This emerging compromise doesn’t include that pot of money as originally envisioned but Democratic negotiators say they have secured other aid to states in the bill,” so maybe it’s not as huge a capitulation as one might think looking at the first paragraph here.  We’re shorting on details here, so please forgive that, and this is certainly not confirmed, this is simply supported by anonymous sources, but if this is true, then looking at this thing here, with a price tag of nine hundred billion, I’m thinking the’re looking at something like the seven-forty-eight and you throw in six hundred dollar stimulus checks, or if not six hundred then certainly some dollar amount less than twelve hundred, that is not specified in this article, but that’s what it’s looking like to me.  And this would be despite this bipartisan group over and over and over saying no stimulus checks and the light of many, many members of the House this week along with members of the Senate like Sanders and Hawley calling for stimulus checks.  But will the Four Corners pull through for us, what do you think?  How do you feel about this?  Do you think something like this will actually happen and if it does what’s your take on it?  Personally, look, I know six hundred dollar stimulus checks, when I asked hey what do you think about this, a lot of you said, yeah, it’s insulting, but it’s better than nothing.  So that’s what I got for you right now, I am obviously keeping abreast of this stuff as the situation develops, thank you so much for watching, and I’ll see you later, bye.

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