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Re: No surprise that McConnell stimulus is too small

By: Cactus Flower in ALEA | Recommend this post (0)
Sat, 21 Mar 20 5:10 PM | 21 view(s)
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Msg. 34825 of 54959
(This msg. is a reply to 34824 by Cactus Flower)

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I wouldn't be so surprised if they spend $5-10 trillion before the virus passes through. Even $20 trillion seems possible. We are in uncharted waters.




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The above is a reply to the following message:
Re: No surprise that McConnell stimulus is too small
By: Cactus Flower
in ALEA
Sat, 21 Mar 20 4:38 PM
Msg. 34824 of 54959

Bad decision. We had full employment in 2018. In 2020, it's going to be a whole new world of unemployment.

Just give a check to everyone and recover surplus payments using 2020 tax forms. Money might as well be in people's pockets as in the Federal Reserve's. There's going to be no risk of inflation for some time. $1 trillion isn't nearly enough.


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