federal stimulus

‘Let Them Eat Cake’ The Joke of $600 Payments to Americans

This letter was orignally sent and published on Nov 25th, but updated for today.

‘Let them eat cake’, government leaders to pass the second round of stimulus payments, at $600 for Americans. What a joke. Either don’t shut down the economy, like many states are doing now, or start printing cash. $600 won’t do sh*t.

Average monthly rent in various US cities come in at:

average rent 1
SOURCE: Rental Stats and Trends, RentHop

You are screwed. But just stick the landlords with it, right? Don’t pay your mortgage and the banks are just ok with it? Is this how it works?

The average cost of groceries each month for one person ranges between $165 and $345, according to the U.S. Department of Agriculture, which publishes a monthly food plan that suggests how much money Americans should be spending on food. If you have more than one person in your household, poof, stimulus gone on food.

No, a restaurant can’t survive at 50% capacity. They are designed to be at 100% capacity to keep employees on payroll and pay overhead. 50% means your business plan, for your restaurant, cant work. The state of Maryland has some restaurants at 25% capacity in certain counties.

“Anne Arundel County: Starting Nov. 13, gatherings were limited to 10 people indoors and 25 people outdoors. Starting Monday, Nov. 16, youth sports were canceled. Starting Nov. 20, restaurants were limited to 25% capacity. Other facilities, such as religious and retail establishments, can continue to operate at 50% capacity.”

Are these restrictions needed to help the spread of COVID-19, possibly they are yes? If that’s the case, cough up the cash Chuck.

Car payments, electric bills, food, insurances, water, clothing, loans and credit cards, small and large businesses struggling, the list goes on, as you know. If the government shuts it down, they need to be prepared to cough it up.

Yes, for some $600 will help this quandary of a pandemic we are in. But even with vaccines around the corner, we are still looking at years of economic recovery. I don’t think Wall Street and Main Street have synced up yet, but they will.

Nancy, Chuck, Mitch, get to work and figure something out before you head off to your ‘pie in the sky’ homes as your checks keep coming.

‘Let them eat cake’, said Princess Marie Antoinette or rather, “Qu’ils mangent de la brioche”, when she heard the peasants had no bread. Or maybe it was Maria Theresa of Spain who said it first. No matter, the fed, state, and local governments are saying it now.

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3 Replies to “‘Let Them Eat Cake’ The Joke of $600 Payments to Americans”

  1. For everyone that $600. Will only give a moment of relief. Once that moment is gone it’s really isn’t doing anything to help. Maybe and I mean maybe it will buy a weeks worth of groceries and the electric bill paid.

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