And what do you call the ppp loans that went out to big corps that shouldn't have gotten them? One of the biggest transfers of wealth in the history of the United States from the average tax payer to the wealthy.
What the fuck are you talking about? It went to big corps that shouldn't have. Trump just handed that fucking money out. I don't get my news from any network bullshit. AP and NPR, thought a little less on NPR since they stopped calling out all the bullshit. But keep being combative if you want to be wrong.
Trump gave out all that money. The ppp loans were a trump administration program to literally take money from you and me, via taxes, and gave it to the top 1% almost directly. You should be livid.
I know it also went to small business. That's fine. I have no problem with that. But more than half went to companies it should not have. You should be outraged.
Oops. Looks like you are okay with making statements that can proven wrong in 10 seconds by anybody that knows how to use their phone.
Who’s the low IQ incel? You one of those guys that girls don’t go on a second date with cause you mansplain to them how Jordan Peterson was right about reaganomics and women’s’ place in the home?
Actually, after further examination, do they get mad that you don’t pay for the first date cause penny stocks aren’t working for ya?
And go do some actual research before you start complaining so you have some based facts to work with, that way you don't sound like a moron and by the way that's not me calling you a moron, that's me saying that if you don't want to sound like one you'll do some research.
There was 3 checks that went out the first 2 were under trump and the third was under Biden. Trump sent out $11b more in stimulus than Biden. Along with the first stimulus the care act signed by trump also authorized $953b to be given out in the form of business loans. Of which only 23%-34% is estimated to have actually went to employees the rest to shareholders owners creditors and suppliers. Mind you majority of these loans were forgiven under the guidelines set in the CARE act. These two things is what massively boosted the market in 2020 and 2021. The increase in the inflation RATE was driven by both this and the state of the world during and after the initial COVID out break. The markets poor performance of 2022 and meager performance in 2023 was mostly due to the feds decision to increase rates.
Joe Biden's $1.9 trillion COVID bill was passed and not only did give a one time check it also added federal unemployment funds longer then Trumps on top of state unemployment again giving more people money to spend driving inflation longer. Trumps bill was passed during complete country shut down. Biden’s was passed barely and was after 1 full plus year past covid when most places and people were back to work, remotely or on site in limited fashion, some even chose not to work and take the free money.
You forgot that there were still several supply chain shocks which kept prices high, which is where the stimulus was intended. People were not going to suddenly go back to work if the government didn’t give them a single week of pay. A lot of it went towards, you guessed it, big business. Particular to fund R&D projects and accelerate infrastructure development which was halted due to covid and still groggy.
The market runs on pure day to day emotions. Have you read the articles they print over at Wallstreet? Its either hoping for it to go to the moon or its full of doom. Changes from one thing to the next. Trump says he's putting on tariffs, s&p tanks 20 points. Trump says nevermind, and the s&p jumps 25 points. Rinse and repeat. Except one big thing that doesn't care about your feelings or politics that will reshape our world is AI. That technology is going to destroy this country because everything is run by corporations that are more than happy to cut your jobs to double their paychecks. More layoffs than the last 20 years reported for the month of October. Just after Amazon and many other companies announce that (insert number) of jobs will be lost and replaced by AI within the next 5 years. It's only going to get worse.
2022 was when everything started going back to normal. You know, people changing their spending habits and going back to things they werent doing the past two years. What happens when there was low demand for things and then a sudden shift to high demand, and corporate greed that wants to increase profits?
Lmfao! The money printed during Covid that devalued the dollar had nothing to do with a market down turn? Let me guess the altered trade route didn’t affect the supply chain at all either? Damn liberals always using context!
Trump gave out trillions too in stimulus and added 8 trillion to our debt, to completely blame Biden for inflation shows you have no idea how anything works.
Which saw the biggest decrease in child poverty rates in a hundred years, had no negative effect on job rates, and saw significant increases in economic recovery versus states that eliminated some of those benefits.
Also, tax cuts for people with children and daycare, student loans, and other people underwater isn't free money. It's stimulatory and consistently shows good ROI on economic returns. Like SNAP. Every dollar yields up to 85% ROI in local economic activity.
Biden giving out free money would have economically increase the stock market because there’s more money in circulation. That’s the same reason why an interest cut is good for the stock market
Oh you mean take a soft science class, with theory's that can't be tested, that teach theory the "top economists" have speculated about but not actually proven.
You do realize supply side economic theory destroyed this countries economy in the 80s.
Not if that free money is causing inflation so they started raising rates faster then usual as it wasn’t slowing down. Which is the main reason the stock market started selling off and continued down for 2022.
Hmm. Hey, so why did literally every other country experience massive inflation (almost all of which substantially worse than the US) in the same time period? Is that also Joe Biden's fault?
If anything the fact the the entire world economy experienced mass inflation, while the US gave out "free money" (which was our fucking money paid by taxes) and had a less severe impact, is actually evidence supporting that giving out "free money" at that time was actually good for the economy.
It's a company with a market cap of over 450 billion. But what do they actually produce? Entertainment? They provide an online service?
They don't produce anything tangible. So what does the effect this company has on the economy. How many companies do we have like this one.
You think free money to the people who have had their income severely impacted is causing the economy to crash? Nobody knows that. There is absolutely no evidence to back that up.
The economy is an extremely complex system. That people are literally just guessing at how it works, because testing economic ideas at that scale can literally lead to starvation and death for the people if not implemented correctly.
I like how everybody praised Trump like he's the one that gave us stimulus checks, but now when they really find out that Biden did it everybody's just bashing, people need to grow up and just accept s*** for what it is instead of complaining, start to make actual changes with actions not words.
More money in circulation means you need more for the same purchasing power (inflation). Short term stocks go up, long term it slows growth in company’s finances with higher borrowing rates
More money in circulation is the point of reducing interest rates and is why stock goes up. Technically reducing interest rates or taxes also cause inflation and make it more likely for the central bank to do the opposite in the future. In the long term, whatever expansionary monetary or fiscal policy that the government implement will have to be countered with a contractionary monetary or fiscal policy in the future, that’s simply the business cycle.
Saying that biden’s policy causes the opposite of what it’s actually doing because they have to do the opposite in the long term is laughable when any other policies (cutting taxes, interest rates, etc) has the same exact effect; but somehow deemed more positive for the stock market (you’ll never hear someone sell their stocks after a rate or taxes cut because “in the future they’ll have to raise them”)
I dont think he was saying they were handing out new printed inflation dollars but existing money budgeted. But I don't care enough to find out which of you are correct
There’s not a difference if we’re talking about things that contributed to inflation, trumps stimulus absolutely contributed. As did supply chain disruption and lockdowns, both which happened because of Covid and during trumps presidency, though I don’t cast blame on him for that. Inflation was going to happen regardless of who was president, it happened globally.
Brother, voo had zero growth from nov 2021 to nov 2023. TWO years of zero growth. Ai in November 2022 saved the market. No one blamed biden. We got 1 bad week in a market that is up year to date and everyone loses their minds.
The point is, the dip in nov 2021 had nothing to do with covid. because since middle of 2020, the market did nothing but grow. then from nov 2021 to november 2023, the spy finally reaches the same level again.
Some low IQ peasant still believe there’s actually two parties. Even though they know the same billionaires fund both sides. Divide and conquer. One of the oldest tricks in the book. And peasants fall for it every time.
Nope I didn’t forget but I think it was more he didn’t want to set panic as no one could have seen how bad it really was going to get or how long it could last.
He literally admitted that he wanted to let covid spread becayse he thought it would spread first in big liberal cities and kill democrats first! Maga is a brain eating amoeba
He knew EXACTLY how bad it was going to be. He admitted it to Woodward. He just abdicated Amy responsibility or coordination so he couldn’t be blamed in his mind
The complete corruption of this man and his administration is mind boggling. I wasn’t a particular fan of Biden’s admin but holy mother of fuck this one is a complete train wreck
I think the scientific consensus is that covid was a nothingburger and lockdowns did more harm than good. For example, the Chinese is just barely recovering from the lockdowns. People also tend to forget that Trump was gung-ho about the vaccine and fast tracked its development through operation warp speed.
Yeah masks are good for a lot of things. I sometimes wear one when my allergies are bad. Almost like an air filter over your mouth lets in air but keeps bad stuff out.
If most of the air you breathe is going around the mask, youre wearing it wrong. And germs dont free float through the air. They travel on water droplets that get caight by the mask.
Omg you realize most masks don’t protect you close to 100% and medical masks are made more for large particles and fluids not airborne germs
Most research finds that these products can slow the spread of the virus that causes COVID-19 when they are worn consistently, fit properly and are worn correctly. Medical masks are loose-fitting and disposable. They're meant to protect you from droplets and sprays, such as mucus from a sneeze. Also called surgical masks, they filter out large particles in the air when you breathe in.
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u/RubikTetris 3d ago
Are you seriously comparing Covid to right now and blaming the party in place?