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Except Trump's stimulus was needed because of the lockdown (and people were losing jobs). Biden stimulus was the one that a) Ignited demand > Supply b) provi
by meta_x_ai 2y ago
Except Trump's stimulus was needed because of the lockdown (and people were losing jobs).
Biden stimulus was the one that
a) Ignited demand > Supply
b) provided no incentives for people to go back to work (Biden also had extended mortgage, rent, loan payment programs) which exacerbated inflation
- schmidtleonard 2y ago$4T in 1yr vs $1.5T in 3 years. Trump was printing at 80mph, Biden was printing at 10mph. Must have been a pretty fast 10mph.
- iinnPP 2y agoBut if Trump didn't print it then somehow Biden would've worked with 1.5T?
- justsocrateasin 2y agoI don't think any dem is saying that. I think they're saying that inflation is the result of a global pandemic, not Dems printing another 1.5T. I think by all accounts the economic landing after a global pandemic was really good, certainly better than 2008. We aren't in a recession. Prices are high, but so is employment and job growth. The government failed at something, whatever that something was: was it a failure in signaling that yeah, these times are hard but guess what, it's because of COVID and buckle up because we did the best we could? Or was it that they let inflation rise too high? I'm not sure.
- vundercind 2y agoWhat we’ve learned is that a politician should definitely not pull the lever in the trolley problem. Let four die instead of one, then claim credit for the one.
- Cornbilly 2y agoLet be real though. The majority of the Trump stimulus was either a campaign stunt (I received a letter from Trump stating that he gave me, someone that makes 6 figures, a few hundred dollars) or a huge spending program with no accountability (the PPP “loans”).
- deleted 2y ago[deleted]