Senate passes $1.9 trillion dollar COVID stimulus package

[Krugminator2]

On the first bipartisan COVID bill passed under Trump:



It sounds like support for that bill.

Umm... Yeah. I think that is pretty clear. And what I wrote a year ago matches what I wrote an hour ago about how to think about it. The two posts were remarkably consistent weren't they? Literally the same thing and same reasoning.

What is your point?

 

[Brian4Liberty]

Umm... Yeah. I think that is pretty clear. And what I wrote a year ago matches what I wrote an hour ago about how to think about it. The two posts were remarkably consistent weren't they? Literally the same thing and same reasoning.

What is your point?

[MENTION=58229]TheCount[/MENTION] posted about those who supported the COVID Relief bill when Trump was President. You just happened to be one of two examples I found on this forum. And as I posted earlier when I first referenced it, you had your reasoning for it.

 

[Pauls' Revere]

Maybe. I can't decide if I want to build a new boat, or add a couch to my current boat

LOL we should all just bring our own loungers tie them together and float in a lake somewhere and declare ourselves Independent.

 

[RJB]

[MENTION=58229]TheCount[/MENTION] posted about those who supported the COVID Relief bill when Trump was President. You just happened to be one of two examples I found on this forum. And as I posted earlier when I first referenced it, you had your reasoning for it.

He/she stirs up shit and then runs when the hornets are loose. He/she will show up in another thread to do the same thing. He/she may show back up in this one if it goes on, but he/she won't take you on because you asked a specific question that would pin him/her down to a specific political persuasion. Although, he/she is a relentless savage when going after low hanging fruit like Q-anon followers.

 

[Pauls' Revere]

And it passes. And Wall St celebrates. Is there any question as to who benefits from these corrupt, crony, pork-filled bills?

Here's a hint: It isn't a minimum wage worker, working class laborer or retired grandmother.

It is The Federal Reserve that wins.

 

[TheCount]

You mean the majority of the GOP, especially Mitch McConnell and Kevin McCarthy? Yeah, they love spending, and they love doing it in a smokey backroom with Pelosi and Schumer. Their complaints about spending now are disingenuous.

Let's not pretend that it's just establishment or elite republicans. Right populism is an epidemic among so-called conservatives in the US.

 

[fcreature]

Maybe someday I'll get a stimmy too.

 

[Invisible Man]

You supported the first stimulus.

"And btw, the government actions last spring worked. That isn't an opinion. That is what the facts say. "

LOL. Now that's a load of manure. "The facts"? Was it science?

The economy and markets are huge, complex, systems with a vast number of variables, including market psychology. Claiming cause and effect of a stimulus bill on the economy is not science, or a fact. Correlation does not imply causation.

+rep

 

[Invisible Man]

Let's not pretend that it's just establishment or elite republicans. Right populism is an epidemic among so-called conservatives in the US.

That's an understatement.

In the eyes of the populist crowd, as represented by folks like Trump and Tucker Carlson 2.0, the biggest problem with the GOP establishment is that it's too beholden to free market principles for their taste.

 

[devil21]

Back when this site was started I believe the National Debt was around 6.7 Trillion. Now we are hitting $30 Trillion. At some point you come to realize it's never going to be corrected without collapse or overthrow.

It can't be corrected and the system was specifically designed that way. Interest on debt is never created so it's mathematically impossible to "repay" it all (meaning paying off debt with more debt currency, repaying with gold is a different story), as long as part of the created money goes to interest payments. If you drill down a bit further, the real story is that the debt total itself doesn't really matter. What matters is only the ability of the slaves to continue to labor just enough to service the interest payments to debt holders, hence the efforts to keep interest rates near zero to keep the interest profitable but still serviceable enough to squeeze every last drop of labor out. Then they'll just pull some engineered stunt that makes the debt disappear (along with the money created from it), after the bankers hold legal title to everyone and everything. That is the collapse and Depression. That time is fast approaching imo.

"And btw, the government actions last spring worked. That isn't an opinion. That is what the facts say. "

LOL. Now that's a load of manure. "The facts"? Was it science?

The economy and markets are huge, complex, systems with a vast number of variables, including market psychology. Claiming cause and effect of a stimulus bill on the economy is not science, or a fact. Correlation does not imply causation.

The Fed's main move was the market psychology aspect. Fed said it would commit some ridiculous dollar figure toward buying up any old crap asset to keep markets supported. It actually did nothing of the sort but the jawboning that it would follow through was believed, along with some coordinated PPT action, after Congress gave Mnuchin $500 billion for the PPT's Exchange Stabilization Fund as part of the CARES Act. They've been using that money ever since to control markets on a daily basis after people bought back in.

 

[Occam's Banana]

Maybe. I can't decide if I want to build a new boat, or add a couch to my current boat

Whoa! I didn't know TheTexan was a sea-steader ...

 

[Occam's Banana]

And btw, the government actions last spring worked. That isn't an opinion. That is what the facts say.

The "facts" can be made to "say" anything one wants them to say, as long as one selects a congenial narrative framework.

This is why empirically-driven economic "science" and the policies derived from it are such a joke (the kind of joke that involves putting a thumbtack on someone's chair).

No doubt that if you goose an economy, then this, that or the other thing will happen. But as for whether having done so "worked" or not, any strung-out junkie can enumerate plenty of "facts" that will "prove" the efficacy of his last (or next) injection of heroin, too. There are, after all, plenty of empirically observable and "not an opinion" reasons why junkies refer to their dosages as "fixes" and justify them in terms of "getting well." Nevertheless, they are not people from whom one should take health advice.