@RantingRooster

i just took a break and looked at WSoP and was about to bring it. i'd copied a bit more:

When both parties in Congress came together in March to pass the CARES Act, which was signed into law by President Trump on March 27, the clear intention of the legislation was for the U.S. Treasury to hand over $454 billion of taxpayers’ money to the Federal Reserve. The Fed, in turn, was to leverage the money by 10 times to approximately $4.54 trillion to deploy to keep the economy moving, credit flowing, workers employed and businesses alive until the pandemic had been brought under control.
Fed Chairman Jerome Powell made an unprecedented appearance on the Today show on March 26 and explained the plan like this:

“In certain circumstances like the present, we do have the ability to essentially use our emergency lending authorities and the only limit on that will be how much backstop we get from the Treasury Department. We’re required to get full security for our loans so that we don’t lose money. So the Treasury puts up money as we estimate what the losses might be…Effectively $1 of loss absorption of backstop from Treasury is enough to support $10 of loans.”

But according to the latest H.4.1 release from the Federal Reserve (and backed up by recent Senate Testimony), six months after the CARES Act was signed into law, U.S. Treasury Secretary Steve Mnuchin has handed only $114 billion of the $454 billion over to the Fed. That leaves $340 billion allocated by Congress unaccounted for. (See Paragraph 5 (Liabilities) and the related footnote 14 at this link on the Fed’s H.4.1 release.)

I admit I'm agnostic on this, as in the bolded IF:

‘What these businesses need more of are Paycheck Protection Plan (PPP) loans where the loan will be forgiven if they keep their workers on payroll. That would allow workers to avoid eviction and help small apartment building landlords stay out of foreclosure. The PPP program, run through the Small Business Administration, ended on August 8. Despite the desperate need, Congress can’t get its act together and pass a new PPP program.’

And this is the wiki page for the march CARES act.

back to chores; have fun! note: i didn't tag this 'Realpolitik' to show my Caption. ; )

the FED is sitting on $340 unspent billions from the CARES act while 98,000 businesses have closed permanetly, 10 of millions have lost their jobs permanetly, along with their health insurance, lost their unemployment, and are facing eviction very soon. But hey...

From WallStreetOnParade:

The Federal Reserve’s H.4.1 release shows that the $114 billion it has received thus far from the Treasury has been allocated as follows: $10 billion to the Commercial Paper Funding Facility (CPFF); $37.5 billion to the Corporate Credit Facilities; $37.5 billion to the Main Street Facilities; $17.5 billion to the Municipal Liquidity Facility; $10 billion to the Term Asset-Backed Securities Loan Facility (TALF II); and $1.5 billion to the Money Market Mutual Fund Liquidity Facility.

The bulk of those programs are helping Wall Street, not Main Street. The one program actually called the “Main Street Facilities,” bears little resemblance to the kind of help actual Main Street businesses need right now. Minimum loan amounts in the Fed’s Main Street program are set at $250,000 while many businesses on real Main Streets in America would be highly reluctant to take a loan of that size, given the likely prospect right now that their business won’t make it.

Mnuchin wants to give $400 a week extra, Pelosi want to give $600 a week, WTF can't they just agree on $500 a week, and split the difference? Fucking morons, it's absurd!

Some "leadership" by Trump, holding the nation hostage.

If the Democrats want a land slide vote, it' would take just 3 little words, Medicare For All.

@NYCVG

had signaled he was open to a new stim package.

or Trump's usual tantrum?

He had an opportunity to turn his dwindling chances around by engaging voters with positive actions that would help individuals and companies. Unemployment insurance payments and cash to the Airlines and Restaurants, for example.

But, NO! he's going to let it all burn down.

If there is a strategy, it's beyond me.