“And now the government has completely suffocated economic demand, creating a depression, an unnecessary calamity that is destroying lives, livelihoods, families, and fortunes for a generation. It is becoming apparent that the end-of-the-world predictions, computer models warning of an apocalyptic black plague worldwide, are all wrong.”
Trump always said this is not as bad as it seems, but had he not acted, 15 to 20 deaths would have occurred as in the SARs epidemic.
The author seems a bit overdramatic...For a generation..Guy must have gotten a deal on crystal balls.
“creating a depression”
I am thinking a recession at worst. If there are no other surprises.
A portion of the money will go back into the economy.
The 4 Trillion in Fed loans? is not OPM and some of it will actually be paid back.
I still believe that less than a 1/2 Trillion would have got the job done.
Like i said, several times on other similar threads, the massive spending bill was based on a worst case scenario which this has not turned out to be.
And if it took a turn for the worse they could have went back and past another 500+ Billion stimulus.
But our politicians, who really don’t have a clue how much things cost in the real world, and probably don’t really care, like to spend spend spend...and the dems like to fund their pet projects in the middle of a supposed disaster bill?