What Do You Think Of The Economic Stimulus Package? (tax, unemployment, job)

[Larry Caldwell]

The huge deficit stimulus package has resulted in very low unemployment and very high business profits.

As far as I know, this is the first time the feds have ever unleashed a massive stimulus package during a solid economic recovery. Should we have done this before? Do you like it? Do you think it's going to run the economy into total ruin?

What do you think?

[hitpausebutton2]

what package? am i getting another tax check that i have repay back in?

[Jobster]

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[Lowexpectations]

The capex expanded spend we saw earlier this year will not repeat itself I think coming into next year we will start seeing the negative impact to the change in an economic situation where it wasn’t necessary

[Larry Caldwell]

Originally Posted by hitpausebutton2

what package? am i getting another tax check that i have repay back in?

That's pretty much the question. Do you think the bill will come due, or will we skate on an expanded economy?

[Lowexpectations]

The tarriff issue hasn’t had time to bake in and is a growing problem that’s currelty really unaccounted for

[Jobster]

delete

[Lowexpectations]

Originally Posted by Jobster

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Originally Posted by Jobster

delete

What is up with your posting?

[mathjak107]

they either say edit or delete . like he realizes that whatever chart or picture he posted made no sense

[blisterpeanuts]

Originally Posted by Larry Caldwell

The huge deficit stimulus package has resulted in very low unemployment and very high business profits.

As far as I know, this is the first time the feds have ever unleashed a massive stimulus package during a solid economic recovery. Should we have done this before? Do you like it? Do you think it's going to run the economy into total ruin?

What do you think?

It's not called a deficit stimulus package. It's simply a tax cut combined with regulatory reforms to make it easier to start and grow a business.

It's certainly working, if that's the goal. Business confidence is through the roof, employment is the highest it's ever been, economic activity is white hot.

The main thing holding back the economy right now is a lack of qualified people. Manufacturers all over the heartland report that around 50% of job applicants can't pass a drug test. That means, they're too stupid to go clean for 90 days before applying for a job. It's pathetic, and alarming, that our work force is this decrepit. Also, the birth rate is crashing. In my opinion, the only solution is to let in more immigrants, of the legal variety.

Now regarding the deficit -- yes, it's going to be high. An embarrassment to Trump, after criticizing Obama's massive deficits. He didn't want to sign the budget deal, but had to, in order to get his tax cuts and military increases passed. That's the way things work in D.C., and he's gradually learning the ropes. Next time, he may opt to veto any new spending until they agree to cut budgets.

The last few quarters, though, there have been record tax receipts despite the tax cuts. So that's probably a sign that we can balance the budget. He's been focused on other issues, but in the long run... he has to cut spending.

I suspect that the Trump Administration will end up much like the Reagan Administration -- incurred some massive deficits up front, but laid the groundwork for future prosperity. Reagan created the conditions for the 90s prosperity, and Trump is creating the groundwork for massive economic growth in the 2020s and beyond.