They kill me with this bs. We do got a magic money tree, they fukking made money out of thin air to pump up the economy.
His fekkit ass wasn’t saying that when he was giving tax cuts to millionaires and helping pass the stimulus
If everyone got $2000 a month
1. Debts will be paid creating more disposable income.
2. Debtors income will rise.
3. Banks will loan more because borrowers won't have as much debt.
4. Savings will increase and more investments will rise creating increased net worth
5. People will spend more, creating more tax revenue.
6. People who never traveled will probably start.
7. Businesses will be created to replace the ones lost.
Or do nothing and.
1. People will fall deeper into debt.
2. People will lose their homes.
3. Net worth decreases
4. Competition for low wage jobs will rise
5. Employers won't have an incentive to increase wages as job supply will be less than demand
6. People won't have children as much
7. Social services will be burdened
Either way, the stockmarket will continue to rise and wall street/corporations will convince non finance savvy politicians that the economy has recovered.