I think of this more like what the FED did during the worst early phases of the downturn: Give money to friends to freely spend without ever paying it back.
Somewhere, I have a FR article post talking about this. They found friends who said, “I will gladly spend the FED’s money if they gave it to me,” and they got it.
The reasoning was that the FED is prohibited from directly buying products, services, and stocks, but the FED has no prohibition from giving grants to people so that the friends “help stimulate the economy.”
Completely disgusting thinking. It only went to libs.
In the article it states that by far the biggest deficit spender of all time is Ronald Reagan. Not even close to Obama. This is the meme of all Liberals.