Cheesecake says no

The stimulus, the math, the reportedly hidden $170 billion tax cut, the rent that won't get paid, the ventilators, and 7 other things worth your time.

A record 3.3 million people filed for unemployment last week (by far the largest number ever). Meanwhile, the Senate passed a $2 trillion stimulus/bailout bill.

The House is expected to pass it shortly—although a single Republican member of Congress who objects to the price tag might be using a procedural hold to delay it a few days.

President Trump called him out without naming him, saying you “might have one grandstander” who could delay the bill.

Personally—not that I’m anyone, except “the guy writing this newsletter,”—I think it has to pass because the economy is going to need a cash injection, fast.

But, I do give the holdout, Rep. Thomas Massie of Kentucky, credit for pointing out some simple math that I don’t think anybody else is doing.

Namely, that $2 trillion divided by the population of the United States is about $6,116 for every man, woman and child. On a household basis, it works out to $15,625 per family.

Put that against the actual payouts for good old fashioned taxpayers…