Posted on 02/18/2021 12:17:48 PM PST by rktman
These are crazy times. A pandemic led to national quarantine; to self-induced recession; to riot, arson and looting; to a contested election; and to a riot at the U.S. Capitol.
In response, are we focusing solely on upping the daily vaccination rate? Getting the country back to work? Opening the schools as the virus attenuates? Ensuring safety in the streets?
Or are we descending into a sort of madness?
It might have been understandable that trillions of dollars had to be borrowed to keep a suffocating economy breathing.
But it makes little sense to keep borrowing $2 trillion a year to prime an economy now set to roar back with herd-like immunity on the horizon.
Trillions of dollars in stimulus are already priming the economy.
Cabin-feverish Americans are poised to get out of their homes to travel, eat out and socialize as never before.
(Excerpt) Read more at dailycaller.com ...
"WHERE'S OUR DOUGH JOE?!" :-)
Our political class needs the kickbacks. Private islands ain’t getting any cheaper. Even Hunt Xiden needs over Half a mil$ a month to get by!
I hear Ireland is like a police state. People get ticketed for not wearing masks and not giving space, etc.
There is collective madness, but we here at FR are not part of it.
Excellent article...
Every day we decend further down the rabbit hole.
I don’t think the economy is going to come “roaring back” like Hanson believes. No, the lockdown will be kept up long after there’s much pretense to maintain it, and even if it is eased, all of the businesses will not suddenly become un-bankrupt; all of peoples’ savings and wealth will not magically re-appear. Some who were laid off will get their jobs back, sure, but not all of them.
Of course Biden will keep printing money to try to avoid a REAL recession, but that isn’t going to magically fix all of these problems either.
So many distortions in that article. Notice his answers are the required pc from cheating demon rats.
From Alinsky’s rules”
2.Poverty – Increase the Poverty level as high as possible; poor people are easier to control and will not fight back if you are providing everything for them to live
5.Welfare – Take control of every aspect of their lives (Food, Housing, and Income).
Idiot Texas politicians go green and Texas goes blue.
From cold.
Darned right about that.
Both sides kind of figured out that talk of shutting off the never-ending flow of Uncle Sam’s cash fountain does not get one elected or reelected any more.
Way too many welfare junkies (literal and corporate) are addicted to the easy money that Federal Government is all to willing to through around.
This latest COVID cash explosion is the worst example of government creating a problem so that it could fix it with the dispersion of free money.
Only the United States with its unique ability to tax the entire world can hope to distribute so much created money without a resulting inflationary rebound.
The fact that all petroleum must be paid for in US Dollars gives the United State the ability to tax the entire industrial world by creating more dollars. When the US prints money the entire world’s reserves of US currency are instantly devalued. Also devalued are all debts held as US dollars.
That huge pool of US Green Backs held abroad and not in circulation provides a buffer of value that props up the US Dollar.
Did you get a stimulus check? Thank the entire world that those dollars are not worthless.
Speaking for a family where everyone is still working, there are no more savings - the high food prices from last spring are still high, gas has gone even higher, and wages were frozen.
Of course, this is NJ, so there was never going to be a recovery anyway; we never bounced back from the 2007/2008 depression. If anything, we’ve slid even further into the abyss.
Fortunately you are wrong. The economy will do quite well this year and Biden doesn’t control the money supply and he can’t “print” money, the FED is in charge of money supply. What the FED is doing isn’t “printing money” but everyone is in the love with the saying so it’s not going away. I would abolish the FED but they don’t do Biden’s wishes any more than they did Trump’s. You may remember Trump griping about and disagreeing with the FED.
Fixating on a politician over problems is what liberals do.
Conservatives adjust as needed and keep moving forward. Biden is doing what Obama did. I did great under Obama even though I couldn’t stand him. Biden is Obama II and things are going well so far since liberals are predictable.
Only the people on the bottom of the economic scale will get screwed by Biden, just as with Obama.
Every time politicians try to seriously discuss fiscal responsibility, they get pilloried by the Left and the MSM (yeah, I know they’re the same).
Plus, the voting public will more likely than not support their challenger.
We get the government we vote for.
Yep. The only answer for our elected “leaders” is to kick the can. Dealing with it = certain defeat.
Our current system and the wisdom of our voters guarantees certain collapse. There are NO incentives to address our debt. None. A few platitudes here and there to acknowledge the problem and shrug and throw hands in the air while taking your cut under the table.
Modern American politics in one paragraph.
“Biden doesn’t control the money supply and he can’t “print” money, the FED is in charge of money supply”
Riiight. The Fed doesn’t do the bidding of their cronies in Washington who appoint them. Sure, I’ll buy that for a (devalued) dollar.
“What the FED is doing isn’t “printing money”...”
Well, they don’t have to actually turn on the printing presses to inflate the money supply anymore so technically you are correct. However, they are still creating money from thin air so yeah, we’re going to keep using the same term we’ve always used for that, since it has exactly the same effect.
“I would abolish the FED but they don’t do Biden’s wishes any more than they did Trump’s. You may remember Trump griping about and disagreeing with the FED.”
The fact that the Fed didn’t obey a Washington outsider like Trump is not evidence that they don’t obey Washington insiders like Biden (or Bush, or Obama, etc).
“Only the people on the bottom of the economic scale will get screwed by Biden”
Really? So all the small businesses that have been decimated by Democrats closing the economy for a year are just magically going to re-open with their previous bank balances restored? Or are they “on the bottom of the economic scale” and therefore of no consequence? Should we only care when a General Motors goes bankrupt?
As always, spot on.
VDH would be a good candidate for the recall if the others stepped aside. Easy going demeanor and smart. He’d get voters to think rather than feel.
Peter Uberoth at age 66 would have been better the last time but voters went for the flash-Arnold. McLintock was just plain overshadowed.
“So many distortions in that article. Notice his answers are the required pc from cheating demon rats.”
You must be on the wrong thread.
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