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> As for citations: the US has just passed the second, largest stimulus package in its history beating or the first from a couple of months back. Are we’re igno
by jack_h 6y ago
> As for citations: the US has just passed the second, largest stimulus package in its history beating or the first from a couple of months back. Are we’re ignoring this gorilla so much that people need citations?
I'm going to push back on the tenuous link between the US being protectionist and the stimulus package. It's not like protectionist policies directly led to the economic problems the US - and a lot of the world - are experiencing thus requiring the stimulus package.
Your argument is that if the trade war didn't happen China would have been far more likely to help us. That's not an unreasonable argument but even if they did do that how would that have prevented the economic damages caused by all of the lockdowns the US - and China - went through?
A reasonable argument could also be made that even if the trade war didn't happen China would not have done what you described anyway. China and the US have always had a tumultuous relationship. Plus let's not forget the panicked free-for-all when it came to PPE during the early days of the pandemic which many, many countries participated in.
So I would say the US's bungled response to the early days of the pandemic are what lead to the stimulus package, not any sort of protectionist policies. If the US were on better terms with China perhaps it would have been slightly less severe due to Chinese supplied masks during the shortage and all that; but given how difficult its been to make people wear masks in general I'm not so sure.
- onethought 6y ago> I'm going to push back on the tenuous link between the US being protectionist and the stimulus package. It's not like protectionist policies directly led to the economic problems the US - and a lot of the world - are experiencing thus requiring the stimulus package. The trade war didn't improve the US economy. COVID actually squeezed the Stockmarket up (as interest rates hit 0 or negative) from stimulus (around the world). I think you are probably right that it wasn't protectionist policies directly. But the US governments "Me, and Mine" (America First) approach has wilfully ignored good advice, policy and approach that has lead to its current situation. It wasn't a bungled response to early days... it's consistent bungling from the first day until right this minute. (A pandemic with no generally available vaccine, wide spread infection, and no nationally coordinated mitigation = bungling, whatever excuses you make about US gov structure etc...). China and US have always had a tumultuous relationship exactly because they don't try to resolve it, they see each other as rivals, and a threat.