Editor:
Soon, many people will be getting the next round of stimulus checks. Although there are many people in our community who desperately need this support, there may be some for whom this extra money is not essential. I encourage anyone for whom this money is not essential to think about others who could benefit.
Back in April, My Edmonds News created a local directory to encourage supporting the Edmonds-based businesses and non-profits that could use a helping hand. This free directory invited local businesses and non-profits to share ways that customers and community members can support them during the COVID-19 outbreak. In addition to supporting Edmonds businesses, this directory identified nonprofits and arts organizations that could use support during these challenging times. And there are many other organizations not listed who could also use support, such as local food banks.
Non-profit organizations:
- Edmonds Community College Foundation
- Foundation for Edmonds School District
- Washington Kids in Transition
- YWCA Pathways for Women
Arts organizations:
- Cascade Symphony Orchestra
- Edmonds Center for the Arts
And even if you don’t get a stimulus check, please think of ways that you can help those less fortunate by supporting people, organizations and businesses in need during these challenging times.
Maryellen Young
Edmonds
Thank you MaryEllen. I was thinking about doing that, and your letter to the editor has further pushed me to donate my check to those more in need.
Donate or spend at local businesses. Pay it forward!
Give it to the state to help fund unemployment funds that are being allocated to the most needy this week.
This is a bridge in unemployment gap created by Donald Trump and his disregard for the poor people in this country.
Dont believe that his cry for 2000 dollar stimulus check was a genuine humane gesture to the needy. Rather, it was him turning in Republicans who hold office because they have finally started to realize the “following blindly” path has been bad for this country. After 4 years of it.
Why, so Inslee’s incompetence can send it overseas? If I were you I’d set yours aside and seek treatment for your TDS.
if i get a check i am going to purchase cigars and pass them out to forget the year 2020
Turn it around and help support My Edmonds News in 2021. I have a feeling you’ll be glad you did!
Thanks Maryellen = great idea. You continue to reflect your long years of service in Rotary with the goal of “Service Above Self”. And sharing a bonus is an easy way to help others. See you at Daybreakers Rotary soon. Ciao!
The most important graph about the economy is Velocity.
https://fred.stlouisfed.org/series/M2V
Few metrics make sense unless in this context. The only reason we can afford to eat right now is because there is a record low (in US history) economic activity. I would buy things you need, essentials, with your check. Also, pay as little as you can on debt. There will be extreme inflation in the near future that will dilute your debt (a good thing), but also punish you for saving.
The great American specialty is giving money to people who don’t need it in the form of tax breaks and, at times, stimulus checks to people who haven’t missed a pay check or a meal during some sort of national emergency. This is what we do best. Giving public funds to rich people isn’t called Socialism, it’s called fueling the trickle down economy (great Conservative theory of good economics) . If you give money to poor people who actually need it, it is called Socialism.
In a sane would all of this stimulus money would have gone to the small business owners in the travel and hospitality industries, the airlines, and the unemployment compensation system. They are the ones paying the price for the virus lock down and people just staying home based on good common sense and good science. Beyond this it is just playing the old political blame game and doing the same thing over and over and expecting different results.
Socialism is worker-owned means of production. A group of people pooling their own resources, starting a pizza shop, and then running it democratically is socialism. Why aren’t self-professed socialists starting socialists co-operatives like that? Forcing people to use state-run single-payer healthcare would be communism.
Donations are donations.
Interesting take Matt. I guess that means Winco is a socialist organization and Medicare is Communism? What, then, would a public option for health care be – quasi free enterprise? You would still have private care for those who want it and can afford it.
Wouldn’t a group of people starting a pizza joint and running it democratically be a free enterprise partnership or LLC maybe? Are all co- ops socialism? Farmers have had co ops for years.
I say this is all just semantics and word play. There are only two types of ideas. Good ones and bad ones. We seem to be kind of short on good ones around town and country lately.
Worker-Owned Means of Production is the literal definition. I’ve had socialist healthcare. Liberty Healthshare for example. Medicaid, Medicare, Prescription Drugs programs and VA account for most US spending on healthcare, so we’ve been mostly single-payer-government-run for a long time now. So that system is mostly corporatists/communist. Single-payer is not worker-owned healthcare, not socialism. Worker-owned hospitals is socialist healthcare. Our doctors and nurses don’t run the facilities.
As far as these stimulus checks go, most people are paying bills with them, which is a part of the reason why Velocity is so low. Stimulation is not stimulating. Keynesians have killed Keynesian Economics. All the fundamentals of money are completely broken. Austerity is going to be forced on us all if this whole thing can remain bloodless (without a war). Food and our retirement savings are the only thing we have of value. One is likely to be exported, and the later will likely be nationalized (see myRA, there will be a New New Deal). The government isn’t going to stop financing itself. Even our City Government isn’t on a furlough.
M2 Monetary Supply:
https://fred.stlouisfed.org/series/M2
M2 Velocity:
https://fred.stlouisfed.org/series/M2V
Fed Balance Sheet:
https://fred.stlouisfed.org/series/WALCL
Excess Reserves:
https://fred.stlouisfed.org/series/EXCSRESNW