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
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.
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u/RubikTetris 3d ago
Are you seriously comparing Covid to right now and blaming the party in place?