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"Lawmakers and the Trump administration reached a preliminary agreement on an estimated $2 trillion stimulus package aimed at shielding the U.S. economy from the worst consequences of the coronavirus pandemic."
More corrupt by the day. Basically this country is financially turning into a fake ponzi scheme where the government picks some winners and the rest are out of luck.
Last month, one might have thought this ponzi scheme fraudulent economy might falter in a decade but now it just seems to be turning into a bigger scam day after day.
Federal reserve to lend 4 trillion dollars and the other stimulus package will be 2 trillion.
Seems like they are hoping for the best and that once this virus hits the peak that we can have a debt jubilee like never before.
4 trillion dollars more lending to inflate a bubble like never before and cause lots and lots of inflation a year or two down the road.
Many of the senior-citizens will be getting supersized SSA checks from the inflation, property taxes to skyrocket because state and local government COLA's
2 trillion dollars of stimulus to special interest groups. Some will get a massive check next month and many won't get a penny. Many will have lots of debt forgiven if they have the right kind of debt, but many others won't.
The government is basically just printing a fortune and deciding to disperse it among some winners and those the government defines as losers are out of luck.
Last edited by lovecrowds; 03-24-2020 at 11:47 PM..
We'll be left blowing one bubble after the next until a more stable economy can be built with a strong, stable manufacturing sector as a bedrock, or until the system is pushed to the brink of collapse.
Which I'm sure will now mean that in addition to the auto companies circa the 1980s and early 2000s, now the US tax payer is in the hole for the airlines, cruise industry, and hotel industry. Let them fail. Natural boom bust cycles do great for innovation and for making inefficient industries restructure for the best.
This is all just fake money and Enron style accounting. Nothing is real.
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Price goes up every hour: Lawrence Kudlow says stimulus will be in excess of 6 trillion.
