Please do not misread this post. I am not supporting the stimulus spending. But, only about 10-15% of the spending has occurred. They are not going to release and spend the remainder of the money until late this year, or next year. This will make the recovery look robust during the lead up to the mid term elections. Right afterwards, inflation is going to hit like a hurricane.
Not only is not working, it isnt even spent yet. If we did nothing, we would have gotten out of this without it.
I suspect things won’t work according to the schedule you’ve described. The dollar will collapse sooner than the administration expects.