- What's going ya'll, welcome back to the channel
Wealth Hacker Labs, I am your gracious host Jeff Rose
and today is Thursday and I've got another
economic stimulus check update for ya.
So for those that didn't see this, the president, Mr. Trump,
he was interviewed by national political editor
Joe St. George and in this interview,
Joe, give him some credit, he was pushing Trump
to commit to give him some sort of definitive answer
on is there going to be a second stimulus package,
more specifically, is there going to be
a second stimulus check?
And Trump came out and said that yes,
there is going to be a second check.
So this, is what he said.
I shared this in the last video, you can play the tape,
you can see it yourself.
And he went ahead and said it.
And this is actually, I'll have a link to this
in the description, this is Joe St. George,
his Twitter profile and basically this just gives
like the clip where Trump is saying that yes,
there is going to be another check and it's going to be
very good and very generous.
So, I don't know if any of you have ever seen
the move "Dumb and Dumber", one of my favorite movies
of all time, in that movie Jim Carrey at the end
he's trying to get the date with Mary Swanson
and he says like so, you're telling me there's a chance.
And I feel like this is the exact same thing going on
with the second stimulus check.
But, this was just a few days ago that Trump
in this interview with Joe St. George said this.
So interesting that the very next day
there was commentary by Steve Mnuchin,
and for those that aren't aware, Steve Mnuchin,
he's the Treasury Secretary and for a while now
he hasn't committed to a second check.
He is saying that something probably needs to be done,
we're gonna take a look at June numbers,
we're also kind of like a wait and see attitude,
well he actually had some commentary based
off of Trump's interview.
So this is what Steve Mnuchin had to say,
once again I'll have a link to this article
in the description if you want to check it out.
Let me go ahead an minimize this so you can see it,
maybe move me out of the way.
So here's what Steve Mnuchin had to say.
Here's some of his commentary.
Says we're talking a bunch of different ideas
that we may need to do in another bill, and we want to
take our time and make sure we're thoughtful.
So whatever we do, it'll be much more targeted,
much more focused on jobs, bringing back jobs
and making sure that we take care of our kids.
I find that interesting that last comment,
taking are of our kids.
I'm sure he knew what that meant and maybe he's talking
about the potential of having a larger check
for dependents because with the CARES Act
that was $500 per dependent and there has been talk
of that number being higher, potentially $1,200
per dependent up to three dependents,
so we'll see how that all plays out.
In another interview Steve Mnuchin did
with "Bloomberg Invest Global", this is what he had to say.
Let me share my screen again so that you can see
his exact quote, but basically here he's like right now,
we are in a different situation, Mnuchin said.
The shutdown in March and April left more than 40 million
out of work, which yeah, many of you know that.
You are living that, you are breathing that right now.
And whenever the CARES Act initially passed,
unemployment was just starting.
People and businesses closing down,
people losing their jobs now, we're still, we're here.
Like we've seen the aftermath for the most part,
even though numbers are starting to surge.
So, we are in a different situation,
so are we doing a stimulus package just to send out another
check or are we trying to revitalize the economy
in some way some how, I don't know how we do that,
especially now with all these numbers surging again,
but nonetheless, I see why they're waiting,
because there's so much uncertainty right now,
I think the initial Heroes Act,
the one that passed the House, that we're looking at a
three trillion dollar package,
initially the Trump administration,
or at least Steve Mnuchin on his side was saying
one trillion and then two trillion was thrown out there,
I mean all these numbers are being thrown out there,
but just trying to determine where they are actually
going to focus on this stimulus package.
Like what needs to be done, because it's not as simple
as just saying that we're gonna issue another $1,200 check.
That is just a Band Aid that is not going to fix anything.
Yes, it's going to help in the short term,
but with the long term it's not going to do anything.
But the one thing that it could do, and I'm gonna share
another article for ya.
So this is on Fox Business and talking about will Americans
get a second coronavirus check, your top questions answered.
Well, they don't really say anything new,
but there was an article,
or I guess on the "Washington Post",
I don't pay for the "Washington Post",
so I can't share that article with you, but I will share
this one piece of information that was a part
of that story.
But the president has told privately aides,
the president has told privately aides that he believes
another issuance of checks to Americans could improve
the nation's economy, okay, and, and, I think that and
should be in bolded and all caps
and bolster his chances of reelection in November.
So yeah, I mean if there is any reason for Trump
wanting to issue a second stimulus check,
especially if he can push it off a little bit later,
closer to election time so people aren't forgetting
that their president just sent them another $1,200 check
with his name on the signature block.
That definitely could help swing some votes his way
and help his chances of reelection.
But this is all stuff that you already know,
already assume, but is he gonna do it?
I keep saying yes, he is going to do it,
when's he gonna do it, I don't know.
But right now, still some uncertainty,
I mean if you look at the reports
with all the coronavirus surges with the numbers,
I mean you're just seeing states, I think Houston right now
is getting hit really hard and we're seeing,
even in our area we're see hot pockets pop up more so
than we did prior to the initial shutdown,
the initial quarantine.
So there's still a lot, a lot of be found out.
But what do you think?
Now that you've got Trump saying that there is going
to be a very good and very generous check,
you've got his administration somewhat
supporting his comments.
Many of you are still saying
there isn't going to be a check.
Do you think that has changed?
Let me know in the comments below what you think.
All right ya'll, hope you appreciate what's going on
right now with the information here
and just that try to make some sense of the noise.
If you found this helpful to give it a like,
if you haven't subscribed yet please do,
'cause we've got more coming to you
from the Wealth Hacker Nation.
All right ya'll, this is Jeff Rose reminding you
that it's your money, it's your life
and only you can make it awesome. Till next time, peace.