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To: wildcard_redneck

If you run the numbers, it turns out the proles only get enough money to cover a month or so of expenses—after that they are back in trouble again...

That is why Bidet needs a stimulus check to the proles _every_ _month_ just to keep the economy afloat...and they would need to keep extending rent and mortgage moratoriums month after month after month....

Other federal programs just end up in the pockets of big business who can use it to buy back their own stock, increase executive pay, move plants offshore, or just hold it in cash or inventory.

The liquidity trap is toxic, and cannot be fixed with government action imho.

The only way out of it is to give investors confidence that the government will not try to inflate or spend its way out of its problems—that will take _years_ with a steady hand—zero chance of that happening.

The only way to give average citizens confidence would be to close the borders to illegal invaders and protect American industry with tariffs—and there is zero chance of that happening with the current leftist crooks in power.

Liquidity traps traditionally are harbingers of a major depression.


62 posted on 03/22/2021 12:39:51 PM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: cgbg

If you run the numbers, it turns out the proles only get enough money to cover a month or so of expenses—after that they are back in trouble again...

That is why Bidet needs a stimulus check to the proles _every_ _month_ just to keep the economy afloat...and they would need to keep extending rent and mortgage moratoriums month after month after month....
————

Continued stimulus is fine. I’m taking mine and considering mine as reparations for the government policy of making me totally and completely unemployable due to the Cheap Indian Labor Express.

Illegals aren’t really the problem. The million or so total work visas given to foreigners per year is the real problem.

Sure illegals use up a shit-ton of American benefits but they normally don’t complete with Americans in the labor market. Not jobs most Americans would want anyways.


72 posted on 03/22/2021 1:18:00 PM PDT by Starcitizen (So Indian H1B crybaby trash runs Free Republic moderation??? Seems so. )
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