- We will be doing another stimulus package.
It'll be very good, it'll be very generous.
- Wait, you just heard that too, right?
In case you missed it,
let's go and hear that again.
Play that tape.
- We will be doing another stimulus package.
It'll be very good, it'll be very generous.
- That's right y'all, you heard it straight from
the president himself.
He just committed on live television
to correspondent Joe St. George
that there is going to be a second stimulus bill.
But does that necessarily mean
that there's going to be a second stimulus check?
Unfortunately not, and I'll explain why here in one sec.
What's going on y'all,
welcome back to the channel Wealth Hacker labs,
I'm your gracious host Jeff Rose.
And yes, we finally heard the president commit
that there's going to be a second stimulus bill.
But there's only one problem
with what he had to say.
And in case you missed it,
let's go ahead and play that tape one more time.
- We will being another stimulus package.
It will be very good, it'll be very generous.
- So while, yes, he did commit
to a second stimulus package,
that does not necessarily mean
that he is committing to a second check.
Now, is that political suicide
if he doesn't issue a second check,
if there is a second package?
Well, I guess we'll let you all determine that,
and actually, go ahead and share in the comments below
if there is a secondary package that does get passed,
that he signs into order,
and there is no second stimulus check,
do you think that that is political suicide
for him being reelected.
I'm curious to hear your comments in,
or I'm curious to hear your comments
in the comments below.
Now personally, my belief is that
if there is going to be a second stimulus package
that does get passed,
I mean there's no way they can do that
and not issue some sort of secondary check.
Now only exception would be is if
the unemployment benefits are extended
well-past going into the 2021 year.
I mean that's probably the biggest thing
that is keeping people afloat.
Because most of you know,
a $1200 check, while that is nice, that is awesome,
that definitely would help out a ton,
right now getting that $600 a week,
$2400 a month, like that is more of a lifesaver
than a one-time check.
So if a second stimulus package is going to get passed,
if this does include a check,
when is that going to be released?
Like right now we know that the Senate said
they're not even gonna look anything
well into July, and it's getting close,
it's June 23rd time of this recording,
but is there any timeline?
Well, the president also did have some comments
on that as well.
- When are you gonna do it,
when are you gonna announce it?
- I think over the next...
I think it's gonna be bipartisan,
I think it's gonna be over
the next couple of weeks probably.
- So over the next few weeks is when he said
that they are going to get together.
I don't know, I mean, getting together to talk about it,
to vote on it, doesn't necessarily mean
it's gonna get passed in the next couple of weeks.
Obviously, that's one of those things
where you can start picking apart every little thing
and then start using past history,
looking at the CARES Act, how long that took to pass,
how long that took to get checks issued.
If you watched any of my previous videos
on the economic stimulus updates,
you know, on a best case scenario
we were looking at potentially August
that a check would be made available.
And this was all based off of what had happened
with the previous CARES Act,
just how long it took to get everything passed,
how long direct deposits were to send out,
those that were set to receive paper checks
or the prepaid debit cards.
Now if you actually watch that full interview
which on Twitter right now it's only 39 seconds,
he did say, you know, Joe St. George asked him specifically,
you know, if there would be a second stimulus check
and he says, "Yes, there is,"
but then that's when he starts talking more
about the stimulus package.
Either way, if there's anything positive
that can be said about this, is that
we've seen so many of his economic advisors,
we've seen so many people on his administration,
we've seen other Senators, other House of Representatives,
make comments regarding a second stimulus package
but we haven't really heard anything
straight from his mouth up until,
I guess this was done yesterday.
So this interview happened yesterday.
So if anything, it's encouraging to see something,
I mean right now we are in desperate need
of anything encouraging,
and for what it is, this is somewhat encouraging
that there could be,
I mean he's saying there will be,
you know, he's saying there will be
I'm still gonna say there could be
a second package, a second check.
I guess we're gonna find out in a few more weeks,
I'm hoping that with him making this a public statement,
that there's going to be more questions,
not just to him, but to other personnel of his cabinet,
so that we could start getting some more direct responses
as opposed to, "Oh, yeah, we may talk about this,"
or, you know, "We wanna wait and see
how the June unemployment numbers are going to be."
Or "How the COVID-19 cases are gonna look."
I mean, okay, whatever, that's fine.
But we see people are still struggling,
we see, you know, right now
we are within a month of the first unemployment benefits
to expire with the CARES Act.
So to wait until mid-July to start making decisions,
I mean, we're just really pushing things off
until last minute,
and right now, people don't do well with uncertainty
and right now we've got much more of it.
So anyway, that's the latest update.
You heard it from the president's mouth
that there will be a second stimulus package.
Our hopes and prayer is that there is a second check
but even more important in my opinion
is having those extended unemployment benefits,
'cause that's right now what people are still hurting.
I still have so many people I know
that are still just waiting.
Waiting to find out if they can go back to work,
if there's a business, a job they can go back to work to.
And knowing that they're unemployment benefits
are going to expire here in the next few weeks,
I mean, they're stressing.
I mean, they are stressing,
and I'm sure that many of you are stressing too,
so I hope that this is a beacon of light for you,
that there is some potential hope for you.
All right y'all, until next time
this is Jeff Rose reminding you
that it is your money, it's your life,
and only you can make it awesome.
'Til next time, peace.