8 votes

House Democrats outline their next coronavirus relief bill, but GOP says it’s too soon to act

6 comments

  1. Thrabalen
    Link
    My stimulus came in yesterday. If it's too soon, then when will be soon enough, when the economy has completely crashed?

    My stimulus came in yesterday. If it's too soon, then when will be soon enough, when the economy has completely crashed?

    5 votes
  2. MimicSquid
    Link
    Too soon? When it took more than a month for the first round of money to get anywhere close to the common man? What will this look like in another month, that they're willing to wait for it to get...

    Too soon? When it took more than a month for the first round of money to get anywhere close to the common man? What will this look like in another month, that they're willing to wait for it to get worse before doing anything more?

    3 votes
  3. [4]
    envy
    Link
    Too soon? Fed chair warns of long, painful downturn if Congress does not provide more economic relief
    3 votes
    1. [3]
      stu2b50
      Link Parent
      Slightly off topic, but I have no idea why people keep giving the fed shit for "printing money". That's the lesson learned from 2008 - there wasn't enough stimulus, and it wasn't fast enough. So...

      Slightly off topic, but I have no idea why people keep giving the fed shit for "printing money". That's the lesson learned from 2008 - there wasn't enough stimulus, and it wasn't fast enough. So they're acting fast, like everyone said they should've.

      They should be making the money machine go brrr. That's their job.

      7 votes
      1. [2]
        Loire
        (edited )
        Link Parent
        Because historically printing money means the money loses value. They are thinking Zimbabwe and Weimar Republic. Not a lot of people are economists so they don't understand that there's a bit more...

        Because historically printing money means the money loses value. They are thinking Zimbabwe and Weimar Republic. Not a lot of people are economists so they don't understand that there's a bit more to it than that, and that there's a new economic paradigm emerging anyways.

        2 votes
        1. stu2b50
          Link Parent
          If only people looked at inflation graphs. The only time the US has had deflation was... the Great Depression. Yeah. Inflation follows GDP growth (apart from stagflation). You can't have an...

          If only people looked at inflation graphs. The only time the US has had deflation was... the Great Depression. Yeah.

          Inflation follows GDP growth (apart from stagflation). You can't have an increase in aggregate demand without an increase in prices.

          Of course you don't want hyper inflation, but I'd wager if you ask people would prefer deflation, when the only time you have deflation is literal economic collapse. 3-5% inflation is necessary for 3-5% GDP growth.

          7 votes