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KateDavidson's profile
Kate Davidson
Kate Davidson
Kate Davidson
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@KateDavidson

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Kate DavidsonVerified account

@KateDavidson

Covering economic policy for The Wall Street Journal. Formerly @politico @AmerBanker @ConMonitorNews. I'm the other @Kate_Davidson.

Washington, DC
wsj.com/news/economy
Joined January 2009

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    1. Kate Davidson‏Verified account @KateDavidson Aug 2

      Pelosi says $600 UI payments should be tied to the jobless rate, shrink as economy improves. (More on that idea here: https://www.google.com/amp/s/www.wsj.com/amp/articles/dont-know-how-much-stimulus-is-needed-put-it-on-autopilot-some-say-11593957600 …) She cites Yale study we reported on that found no evidence the payments are discouraging people from working: https://www.wsj.com/articles/is-600-a-week-in-extra-unemployment-aid-deterring-people-from-seeking-work-11596015000 …

      128 replies 220 retweets 623 likes
      Show this thread
      Kate Davidson‏Verified account @KateDavidson Aug 2

      But she made clear that “in this agreement, it’s $600.” “The amount of money that’s given as an enhancement for UI should relate to the rate of unemployment. So that as that goes down you can consider something less than the $600. But in this agreement, it’s $600.”

      6:34 AM - 2 Aug 2020
      • 21 Retweets
      • 120 Likes
      • jba Deadpal CilboBaggins shopTrader Allow amendments to pass via National referendum Political Proctologist Michael Marinus, Stable Genius (it rhymes) Althea Nsayable Nancy Comorau
      7 replies 21 retweets 120 likes
        1. New conversation
        1. Kate Davidson‏Verified account @KateDavidson Aug 2

          Progressives in the House and Senate have embraced this idea. The advantage: benefits will stay in place automatically, without an arbitrary end date or need to renegotiate. Why shrink payments at all? As the jobless rate comes down, it should be easier for workers to find jobs.

          13 replies 22 retweets 164 likes
          Show this thread
        2. Kate Davidson‏Verified account @KateDavidson Aug 2

          Kate Davidson Retweeted Sam Kuhn

          Another good summation of the rationale: https://twitter.com/elskuhn/status/1289936377854013440?s=21 …https://twitter.com/ElSKuhn/status/1289936377854013440 …

          Kate Davidson added,

          Sam Kuhn @ElSKuhn
          Replying to @ElSKuhn @taintgunner @KateDavidson
          A) Pass $600 UI benefit once, fight over whether to renew it every new jobs report OR B) Pass $600 UI benefit renewed by automatic stabilizer & create political hazard for proactively removing it. Same principal as Social Security - create societal expectation & political cost.
          2 replies 8 retweets 56 likes
          Show this thread
          3. End of conversation
        2. New conversation
        1. Racecraft Skeptic‏ @nomoreracecraft Aug 2
          Replying to @KateDavidson

          It should be obvious now that Pelosi is the problem, not the solution

          1 reply 0 retweets 2 likes
        2. Mtnmermaid‏ @BEdwards_48 Aug 2
          Replying to @nomoreracecraft @KateDavidson

          The virus is the problem, controlling it is the solution. Until we listen to scientists and follow their instructions any aid is simply a bandaid, not a solution.

          1 reply 0 retweets 0 likes
        3. Show replies
        1. SummitGlobal‏ @SummitGlobal1 Aug 2
          Replying to @KateDavidson

          So how does the trigger work if the $600 makes unemployment higher? “In CBO’s assessment, the extension of the additional $600 per week would probably reduce employment in the second half of 2020, and it would reduce employment in calendar year 2021.” https://www.cbo.gov/system/files/2020-06/56387-CBO-Grassley-Letter.pdf …

          0 replies 0 retweets 0 likes
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        1. Richard Servello‏ @the_richservo Aug 2
          Replying to @KateDavidson

          Which makes zero sense. Do my bills go down as other people go back to work?

          0 replies 0 retweets 2 likes
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