GDP GREW 5.7% IN 2021,BEST YEAR SINCE 1984

Of course, but we also have free choice on which post to choose.

 

yes, but the author fails to understand a fundamental point

When things are going bad, doing nothing is never an option, politically speaking.

People are losing their jobs, people need relief for the disruptive nature of the pandemic.
This also applies to small businesses. My business was helped, immensely, with a small PPP loan from the SBA, which was
part of the American Rescue Plan.

So, a stimulus relief, rescue plan was implemented, noting that trump did the same.

Now, it's impossible to know how much, precisely, is needed to get the job done.

They can either overdo it or under do it, because doing it just right is a pretty tough thing to know.

Over or under, both will cause inflation, so they reasoned too much is better than too little.

But, my how much the armchair monday morning quarterbacks love to bellyache on the sidelines.

FYI, the economy is doing pretty good, considering the pandemic.

 

You miss the point, things had turned around and would have done better had he not done things to make it worse.

It had turned around by then, the recession was over by two quarters, unemployment had DRASTICALLY fallen. There was plenty of money that had not even been spent.

Noting it was not the same circumstance as when Trump was President, there was no need for further stimulus as we now see with the inflation we are seeing.

Get what job done? Under will not cause inflation. FYI read the article it could be doing a LOT better and without the inflation. Demand side didn't work in 2009 it's not working now.

 

Yep, you post something expected it to be discussed, this is not a soapbox forum.

 

Personal savings rate fell in the third quarter after Biden cut off all Federal payments and bailouts on September 6 2021.

 

Yeah people spending the money so they don't have to go back to work. Not spending money they earned by creating value and wealth adding to the wealth and value of the economy for which they are compensated. Spending fiat money handed out by Biden inflating those dollars and the ones people actually working are trying to earn. Certainly your aren't saying he should have continued to fund those unemployment benefits are you?

 

Higher real GDP = More value created. Not more fiat money/unemployment benefits. If the later was what was "fueling" the economy, then real GDP would show negative growth.

 

Yeah, what ever.

 

Yet we see GOP states giving unemployment benefits to those who were fired for not getting Covid vaccine shots after they had plenty of warning and knew the firing was coming.