This is one of those rare instances where if a republican had stepped in to block the passage of this bill, the republicans would be applauding.
The fact of the matter is that history shows that whenever there is a bailout, private businesses do not spend that money on worker retention. This happened after 9/11 and it happened with TARP. It also happened when the blob gave them tax breaks early in his administration.
They should be forced to, at the very least, not give bonuses to their corporate officers or buy back stock with this money. It was a smart move by the Democrats to insist on these protections. Politically it may hurt the blob (as well as other republicans) that he isn't being more vocal in worker protections
You realize there has been record low unemployment under trump? So it means the tax breaks worked...When business and investors don’t trust the economy either because of a world altering terrorist attacking, or there is a president in office whose rhetoric scares those businesses...then they don’t really want to spend money on expanding when it could blow up in their faces, because they are thinking it’s going to crash again.
Arguably yes. Arguably no. The expansion of the economy has led to more hiring. Did businesses necessarily expand across the board? No. Most used the money for stock buy-backs knowing the market was going to increase and with it; their bottom line. I'm sure some of what you say is true that the tax cuts worked to some extent.
The evidence is in the numbers, unemployment at an all time low. I didn’t vote for trump, but he has more than surpassed my expectations concerning the economy. Slashing draconian regulation probably also helped instill confidence for business and investors. I don’t fully trust the economy, since a lot of it is being propped up...but that’s happening globally and we’re doing it the less than almost all European countries. If you aren’t impressed by the numbers, you’re just not paying attention. They’ve been pretty undeniable, until that whole pandemic thing.
Meanwhileback in reality, the DJIA climbed 149 percent under Obama and his regulations. The blob wasn’t on a pace to equal that performance before the virus hit. You were not paying attention.
After loosing half of its value, and over an 8 year period. Not much of an accomplishment when the only direction is up.
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I didn’t vote for the guy, but there’s a very clear jump when he takes office, and a steady climb continues. Also the Obama era stocks were pretty inflated, because all businesses were doing with the steady stream of QE was buying up their own stocks for 8 years. There still is some of that going on, but not to the same degree. The small and new business survival rates were abysmal under Obama, now they’re booming. Middle class income went up $4100 under trump, and only $1000 during the time bush and Obama era. Unemployment is at an all time low, did it steadily decline under Obama’s presidency, yes, but at a snails pace...and only after they changed how unemployment was measured. There’s a lot more metrics than just a single number.