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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: JohnM who wrote (461614)	12/19/2020 9:50:23 PM
From: Steve Lokness	Read Replies (3) \| Respond to of 541681

<<<<<Sorry, Steve, but the Cares Act was classic Keynesian economic theory to get more money into the economic to bring it back.>>>>> Of course! I certainly never suggested it wasn't. But the economy wasn't struggling because of economic maladjustment as in the past - it was a mess because of the pandemic. That wasn't the same! We are in a new paradigm here. It wasn't just the Cares Act for people - but it was fed policy that just flooded our economy with cash. A helicopter to drop money no longer worked so they had to use those monster airplanes. Lots of people who were still getting a paycheck now also got $1200 - with another $600 right behind that looks like. So the people still working - and that is most of America you know!!!! - still got the 1200 AND they stopped spending because they stayed home. Savings increasing, mushrooming bank accounts. In the last economic downturn people stopped buying - NOT this time as seems to me everyone and their Grandmother are driving a brand new car - or big HUGE SUV. Housing here is stronger than ever with pricing continuing to climb. .................I say lets party!!