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We know there will be a Infrastructure Package, but will eligible Americans get a 4th stimulus check?

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Americans are asking, wondering, will the next stimulus package known as "Build Back Better" include a 4th stimulus check? The short answer is; we don't know yet. It's a maybe. There's been no mention from President Biden himself that stimulus checks will be included in the next and most expensive stimulus package in which Speaker of the House Nancy Pelosi says is expected to be passed and signed into law in August.

The proposed cost would be about $3 trillion. President Biden spoke before Congress last week and he didn't address or mention whether there will be a 4th stimulus checks just yet.

The emphasis of this bill is rebuilding America's infrastructure. More money to the people is possible in other forms; child tax credit, etc., but again, no specific mention of a 4th stimulus check.

All that talk you hear about recurring monthly stimulus checks of $2,000 per month is not all that likely despite 53 lawmakers have proposed such a plan. Another reason why a 4th stimulus payment to the people who qualify is a maybe is the U.S. economy is improving. Jobless claims are down 576,000 and Retail Sales are up 9.8%.

U.S. COVID numbers are slowing down for sure America has two vaccines are available and are being administered more aggressively. 31% of Americans have been fully vaccinated.

U.S. is still far and above the global leader in COVID-19 cases with 32,610,374 and also in deaths with 583,148.

In India COVID-19 cases are surging. They have the 2nd most cases worldwide with 19,935,752 to sadly go with 219,024 death. In the heavily populated, large country of India, only 2.16% have been fully vaccinated.

Brazil is third in cases with 14,754,910 cases and also unfortunately 2nd in deaths with 407,639. In Brazil just 6.44% have been fully vaccinated.

No doubt the U.S. is making progress with slowing the COVID-19 virus, but this pandemic is still lingering; ongoing and world's largest economy is still in a slow recovery mode.

Another brewing problem is inflation as gas and food prices are consistently rising.






Comments

jameswritesbest (author) on August 14, 2020:

I do appreciate you taking the time to read my article and also for your most informative and detailed response. Be well & stay safe

CHRIS57 from Northern Germany on August 14, 2020:

You wrapped up the facts very clearly.

Looking at the mess from the outside, let me do some remarks on the US as a whole and the state of New York in particular.

It looks like the state of New York actually followed moreless the same restriction, distancing and lockdown measures that European countries have enacted. The result: Bending the curve, reducing the number of active cases. The relief is obvious. Daily deaths are small compared to Texas or Florida.

When NY peaked in daily new cases (somwhere around April 8th), the state had recorded 9.000 deaths. Today it is 32.000 deaths.

https://www.worldometers.info/coronavirus/usa/new-...

So even if you peak in new cases, the aftermath is horrible (3,5 times).

This is well within the range of what other countries on our planet registered, that had peaked and brought down fatalities.

You can do your own math and do this for the whole US. It will be a bit more complicated, because you have to subtract the states which are static (like NY) and do the multiplying.

My quick pick would be: US peaked on 20th of July. Death count 145.000. The states (today static) to be subtracted probably peaked combined beginning of May. (then 70.000 deaths).

My quick and dirty maths: 145.000 - 70.000 = 75.000.

Apply the multiplier 3,5 = 75.000 x 3,5 = 262.500

Add the already static states again: 262.500 + 70.000 = 332.500

Within a one year period after Covid19 outbreak the US will be very lucky if numbers are kept below 300.000.

Imho vaccination programs will not help enough. Here in Germany the early infected and recovered Covid-19 patients already lost their immunity (antibodies). Happened within 3 months. Hopefully vaccines do better than the virus itself did in creating immunity...

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