KoalaCorp
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- Jul 30, 2018
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So far, Congress has authorized $3.6 trillion in stimulus money to help offset the punishing cost of the lockdowns and business closures caused by the coronavirus pandemic. The various programs funneling all that money to businesses and consumers are far from perfect, but probably necessary.
It’s not enough, however, and Congress is now developing another massive round of stimulus spending that will probably top $1 trillion, and maybe double that. This is where the tragedy starts. Had the Trump administration and other U.S. policymakers gotten the virus response right the first time around, the virus would be under control and jobs would be coming back on their own. Instead, we’ve hit new record highs for daily infections for 41 days in a row—the worst performance of any developed country. The recession is now dragging on longer than it ever should have, and instead of a cautious return to near-normal, we’re becoming dependent on borrowed federal spending to keep the economy afloat.
Just THINK what $1 trillion in infrastructure would have done for us?!?!?!?!
Just THINK what $1 trillion for PPE and the CDC could have prepared us for COVID-19?!?!?!?
Just THINK how many people $1 trillion could educate as doctors and nurses for the NEXT pandemic!?!?!?!?
But no, we get to waste it, thanks to the chaotic and idiotic administration of the orange blob pretending to be a President called Trump.
It’s not enough, however, and Congress is now developing another massive round of stimulus spending that will probably top $1 trillion, and maybe double that. This is where the tragedy starts. Had the Trump administration and other U.S. policymakers gotten the virus response right the first time around, the virus would be under control and jobs would be coming back on their own. Instead, we’ve hit new record highs for daily infections for 41 days in a row—the worst performance of any developed country. The recession is now dragging on longer than it ever should have, and instead of a cautious return to near-normal, we’re becoming dependent on borrowed federal spending to keep the economy afloat.
How to waste $1 trillion
The only reason we need another $1 trillion stimulus bill is the ongoing failure to control the coronavirus.
finance.yahoo.com
Just THINK what $1 trillion in infrastructure would have done for us?!?!?!?!
Just THINK what $1 trillion for PPE and the CDC could have prepared us for COVID-19?!?!?!?
Just THINK how many people $1 trillion could educate as doctors and nurses for the NEXT pandemic!?!?!?!?
But no, we get to waste it, thanks to the chaotic and idiotic administration of the orange blob pretending to be a President called Trump.