Trump Proposes TARP 2.0

Earlier, I posted about Trump putting forth a Tarp 2.0 type plan. News from the Associated Press has confirmed so far that per Trump, he may go about doing this.

In a massive federal effort Tuesday, President Donald Trump asked Congress to speed emergency checks to Americans, enlisted the military for MASH-like hospitals and implored ordinary people — particularly socially active millennials — to do their part by staying home to stop the spread of the coronavirus.

His proposed economic package alone could approach $1 trillion, a rescue initiative not seen since the Great Recession. Trump wants checks sent to the public within two weeks and is urging Congress to pass the eye-popping stimulus package in a matter of days.

As analysts warn the country is surely entering a recession, the government is grappling with an enormous political undertaking with echoes of the 2008 financial crisis. (source)

I will be watching this very closely. All joking aside, if this does happen as it is being proposed, the economic effects would have permanent changes on all society.

We are witnessing the death of the old order as we speak.

You are living history.

Remember these days.

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