Topic: Stimulus

Adam Curry reports on recently released data showing the Federal Reserve secretly funneled $29 trillion to global banks during the 2009 financial crisis. Mo Facts reacts to the "audacity" of this figure, noting that while trillions are available for banks, there is never money for "atonement" or social infrastructure. They argue that the entire population is being "robbed blind" by the financial system.

The discussion focuses on the Covey principle that individuals have the capacity to choose their response to any stimulus. Mo Facts describes how he chose to be proactive after his firing by increasing his podcasting output and planning for a larger future. He emphasizes that he is "bigger than his job" and encourages listeners to find their own power in the space between events and their reactions.

The hosts debate the merits of social safety nets, arguing that the traditional net of family and church has been replaced by inefficient government programs. They suggest that welfare should be a short-term tool for retooling rather than a "hammock" that encourages perpetual poverty. The segment links the "feminist mindset" to a "communist mindset" of dependency.

The hosts use a slave ship analogy to describe how the government provides limited resources to keep the population fighting amongst themselves. They criticize the $600 stimulus checks as "goodies" thrown down a hatch to keep "slaves" occupied. They argue that this money is actually stolen from future generations and serves to keep the public in a state of economic dependency.

Roland Martin discusses a BlackPack poll suggesting a black female VP would increase enthusiasm among black voters. The conversation shifts to the Democrats' proposed three-trillion-dollar stimulus package, which the hosts claim includes provisions for undocumented workers using Taxpayer Information Numbers (TINs). They contrast the lack of specific reparations funding with the massive scale of the stimulus spending.

Diddy launched OurFairShare.com to help minority-owned small businesses and independent contractors navigate the federal stimulus package. The hosts praise the educational aspect of the site but criticize Diddy's "bait and switch" terminology. They argue he starts by "talking black" but shifts to the broader term "minority," which includes various other demographics, potentially diluting the focus on the black community.

The hosts discuss Modern Monetary Theory (MMT) as the mechanism used to create trillions of dollars for COVID-19 stimulus without immediate inflation. They note that if the government can print two trillion dollars in three weeks, there is no financial barrier to funding reparations. They mention that even pro-reparations candidate Maryanne Williamson only asked for $500 billion, which they view as a low-ball figure.

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The hosts predict a low Black voter turnout in 2020 due to disenchantment with the Democratic Party. They discuss the political impact of President Trump's $1,200 stimulus checks, noting the strategic branding of having his name on physical checks. They emphasize that politics is "transactional, not emotional," and that direct financial benefits influence voters more than rhetoric.

The hosts argue that the rapid passage of the $2.2 trillion coronavirus stimulus package proves that the government can "create money out of thin air" when it has the political will. They dismiss the excuse that reparations are too expensive, noting that the mechanism for trillion-dollar payouts has now been clearly demonstrated. They refer to this as "immunized money" that bankers have figured out how to issue without immediate hyperinflation.

The debate over reparations centers on whether the solution should be "holistic" or involve direct cash payments. The hosts argue that "holistic" is often a euphemism for avoiding a real debt, noting that the government was able to find $2 trillion for COVID-19 stimulus and Wall Street bailouts almost instantly. They contend that if the government can cut checks for a pandemic, it can cut checks for reparations.

The hosts discuss Modern Monetary Theory (MMT) in the context of the $2 trillion COVID-19 stimulus, suggesting that the "template" for large-scale government spending has been set. They propose tangible reparations such as no-interest loans and tax-exempt status for the ADOS community. They argue that if the government can print money to fix a two-week shutdown, it can address the long-standing economic disadvantages of slavery's descendants.