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> This won't help a recession one bit as it doesn't incentivize any economic activity Please explain to me how, in a country where 76% of the population lives
by ianleeclark 7y ago
> This won't help a recession one bit as it doesn't incentivize any economic activity
Please explain to me how, in a country where 76% of the population lives paycheck to paycheck, putting more cash in their pocket doesn't stimulate economic activity? When someone loses hours at their job due to no customers coming through, how does making sure that person can still eat not, at bare minimum, ensure they can still eat, not help with economic activity?
> With fed interest rates near-zero people with good credit should already be able to get pretty good short term loans and this will help those without a credit score or with a poor one to be able to meet their obligations.
Oh, cool, we put the fuckers in debt in times of highly uncertain economic horizons, but we'll say it's helping them.
- seemslegit 7y agoA subsidized loan will also put cash in their pocket, will do so more efficiently because it should only be taken out by those who need it to the extent needed. A 1000$ for the people who don't need it is basically a luxury gift in hard times.
- ianleeclark 7y agoWhenever you introduce means testing, you can never claim that the people who truly need it will receive it, as you are explicitly offering avenues through which they could be excluded.
- seemslegit 7y agoI think there are more urgent testings the US is currently struggling to introduce. Also, this bill is very explicit about "every American" Look, There is a reason Romney is backing it - he knows this money will very quickly find its way to high-markup low-value businesses, will not address any structural problems but could be touted as trillion-dollars gift to the common man by the Republicans come November.