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A huge majority of Americans, including nearly two-thirds of Republicans, support the $1,400 stimulus checks (https://www.nytimes.com/2021/02/03/us/politics/1400-stimulus-check.html) President Biden is calling for, and his full $1.9 trillion stimulus proposal also has strong public backing, according to a new poll from Quinnipiac University (https://poll.qu.edu/national/release-detail?ReleaseID=3688).If you are in that 78 percent, you are wrong.
The poll found that 78 percent of Americans supported the stimulus checks, including 90 percent of Democrats and 64 percent of Republicans — suggesting that Republicans in Congress who want to reduce the checks to $1,000 are out of step with their constituents on this issue.
The final vote Saturday in the Senate was 50-49 with all Republicans voting against the measure and all members of the Senate Democratic caucus supporting it. Sen. Dan Sullivan, R-Alaska, was not present for the vote. In the House, it didn’t earn a single Republican vote in the two times the bill came to a vote.This is being called a “big win” (https://www.msn.com/en-us/news/politics/congress-passes-1-9t-covid-relief-bill-with-1-400-checks-in-major-win-for-biden/ar-BB1erPxN) for Biden, and when Peℓσѕι announced that the bill had passed the House she did a little “shimmy (https://www.dailymail.co.uk/news/article-9346481/House-pass-1-9-trillion-COVID-stimulus-today-1-400-checks-start-going-week.html)“…
Biden ran on his ability to broker bipartisan efforts on Capitol Hill, drawing on his 36 years in the Senate and eight years as vice president. Republicans have viewed the bill as a betrayal of the bipartisanship Biden embraced and spoke of during his campaign.
House Speaker Nancy Peℓσѕι announced the 220-211 vote result from the chair, prompting the bill’s supporters to burst into applause. Just a single Democrat voted against it.After the vote was over, House Minority Leader Kevin McCarthy referred to the COVID relief package as “socialism” (https://www.usatoday.com/story/news/politics/2021/03/10/covid-stimulus-passes-house-takeaways-president-joe-bidens-bill/6929739002/)…
Her glee at the outcome was evident even though she had a mask on. She executed what her daughter Christine called a ‘shimmy’ as she gaveled down the vote in a chamber where a five-vote majority gave her very little wiggle room.
House Minority Leader Kevin McCarthy, R-Calif., described it as a “laundry list of leftwing priorities” that “do not meet the needs of American families.”He is right, but I just wish that he would have figured that out several COVID relief packages ago.
“It is very liberal,” he said. “They called this the most progressive piece of legislation in history. For those who are watching, progressive means socialism.”
A recent Deutsche Bank survey found that 37% of Main Street investors, some of who could be members of the Reddit community, will plow a “large chunk” of stimulus money, about $170 billion, “directly into equities.”That should be very good news for stocks, but of course a major “trigger event” (https://www.amazon.com/dp/B08DJ6Y81Q) could crash the market at any time.
These small but mighty investors have gained notoriety in recent months, creating volatility and heavy volume in a number of heavily shorted stocks, such as GameStop Corp., AMC Entertainment Holdings Inc. and Bed Bath & Beyond Inc.
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