DBA
Diamond Member
- May 10, 2015
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Economic forecasts were downgraded on the prospect of Trump not getting a stimulus passed.The 4-year economic orecasts I have seen are terrible if Biden gets his stimulus and tax increases.
Moody's cuts US GDP outlook as stimulus uncertainty threatens consumption
Moody's lowered its 2021 economic growth forecast to 4.2% from 4.5% and said it expects the U.S. to reach its pre-pandemic level of aggregate activity in the second half of 2021.www.spglobal.com
Your argument is a counter factual one. It’s simply a weak argument because it’s completely unverifiable. Merely opinion, which to be honest isn’t exactly an unbiased one.
Yeah, "free" money provides a short-term boost to the economy. Everyone knows that. "free" isn't sustainable. Once the "free" stops, the economy crashes. Not sure what you don't understand about that. GDP forecasts in 2024 are as low as 2.3%. Maybe the Democrats can continue giving out "free" stuff to artificially boost the economy. Who knows.
Giving out "free" stuff is why half of Americas young adults are now living with mommy and daddy
It isn't coincidental that the federal pandemic unemployment was set just at the average wage in the US. They are encouraging middle to lower-income wage earners to stay home. Add in state unemployment and many of these folks are making considerably more to stay home than they were when they were working. There are 8+ million job openings in the US because of this. Any person that votes Democrat and is working or makes considerably more than average needs a lobtomy if they can't see just how asinine this policy really is.