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Trump is the only President in the last 80 years to have a net jobs loss during his presidency. In addition, over $100 billion in unemployment benefits were paid under his administration in the last year. Maybe we should nickname him helicopter Donnie.
now it's becoming clear what your former username was.
We just came out of a pandemic. Of course we have to spend. There is no other choice.
Is the right-wing going back to the Austerity stupidity again? It really worked out for Europe didn't it?
That's why we harped on Trump for needlessly stimulating the economy in good times; and for kicking off inflation. Those are not things you do in good times, those are things you wait until things are crashing left and right. What he did was like injecting morphine into a healthy body. Now that the patient is sick, normal dose of morphine won't cut it anymore.
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Spending, borrowing, and printing money at a pace history has never seen doesn’t “have” to be done….but because Trump again, lol.
now it's becoming clear what your former username was.
Nice deflection. Any comment on helicopter Donnie and his extending unemployment benefits, paying out stimulus, and the payroll tax hiatus? He did sign off on all that stuff.
Of course Trumpies don't let facts mean anything. They don't care about facts or deficits.
Excellent attempt at deflection once again. Instead of complaining and/or answering questions about Sleepy Joe borrowing, printing, and giving away more free stuff on a pace that history has never seen, it’s because Trump
Nice deflection. Any comment on helicopter Donnie and his extending unemployment benefits, paying out stimulus, and the payroll tax hiatus? He did sign off on all that stuff.
Couldn’t hold a candle to what Sleepy Joe is doing. Because Trump is holding Sleepy Joe’s beer, lol.
Indeed the facts do with a U3 figure going from 14% down to 5.8%, and a U6 from.22% down to 9.9%. Sorry the Department of Labor figures trump Fox News BS.
If only Trump were still around, he could borrow some more money from FEMA again to extend the supplemental unemployment and scream at Republicans that they're stimulus is not high enough.
This is how you do it. You STOP borrowing ANY money.
Most likely, at government level, you default.
Country drops into very tough times, for about ten years. No more loans, only what you can pay for in some tangible form, as fiat money likely will have zero value. Or, with your labor. You can't pay for it, you do not get it. Period.
You restore the spirit of working for living and for the benefit of your community/country. No, not everyone is business manager or blogger. You have to produce something that, actually, benefits others life.
You restore country economy to the point, that it becomes self sufficient.
Government has strict budget and is NOT permitted to draw any loans. Period. Loans are ILLEGAL. Any loans.
That's it. But, then our grand children will have decent lives.
Trump is the only President in the last 80 years to have a net jobs loss during his presidency. In addition, over $100 billion in unemployment benefits were paid under his administration in the last year. Maybe we should nickname him helicopter Donnie.
Why giving people money is NOT crushing the Economy.
The economy will not "crush" as long as money is being doled out. But just wait and see what happens when it stops.
The CARES act granted forbearance (temporary forgiveness of debt obligation) to 3.3 million mortgage holders and prevents the banks from foreclosing on those properties. These deferred payments will become due in a short while.
That will result in the sudden listing or sudden foreclosure of about 2.5M properties. There are about 600K properties listed today.
There will be trouble.
"Crush" remains undefined, and thus beyond debate.
But, then our grand children will have decent lives.
Lol, sure the grandkids again. Like when Obama spent all that money and Republicans were losing their minds. I remember it well. The most common talking points were...
- They're spending money like drunken sailors
-We're going to have hyperinflation!
-Our poor grandkids
Fast forward 8 years and what happened? Inflation was tame and averaged about 2.1%. Somehow Republicans get amnesia when that's brought up.
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