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How likely are stimulus checks to be used in this recession? Economists weigh in
Posted on 6/23/22 at 12:21 pm
Posted on 6/23/22 at 12:21 pm
quote:
In economic downturns, the U.S. government has a number of levers it can pull to keep families spending and shielded from the most dire situations. Continued spending is key, because if people’s buying slows or dries up, companies respond to lowering profits by laying off even more workers, which only deepens and prolongs the hard times.
Relief strategies include enhancing unemployment benefits, boosting food stamps, temporarily slashing taxes and sending out stimulus checks.
quote:
Sahm points out that stimulus checks have unique advantages compared with other forms of aid.
For one, they get to people quickly.
“The bottom falls out in a recession, so it’s important to blunt the fall,” Sahm said. “Checks do that well. The second and third rounds went out within days.”
“No other relief program came anywhere close.”
The payments also stimulate the economy in a short amount of time, she said. “Research on the stimulus checks shows that people spend about half of the checks, and they do so quickly.”
quote:
The fact that some believe “the high inflation we are experiencing was partially a consequence of sizable government transfers may mean there is less will for [the payments] in the immediate future,” Vavra said.
LINK
Posted on 6/23/22 at 12:23 pm to goofball
frick. No. Stop this insanity!
Handing out blanket "stimulus checks" to every Tom and hairy Dick aroud (all of them......even Trump's) is part of what got us here. Stop printing money and giving it to people who do not have a legitimate need! Stop it!
Handing out blanket "stimulus checks" to every Tom and hairy Dick aroud (all of them......even Trump's) is part of what got us here. Stop printing money and giving it to people who do not have a legitimate need! Stop it!
Posted on 6/23/22 at 12:24 pm to goofball
I don't think we can afford any of this. This recession is going to hurt - either we contribute to inflation by increasing deficit spending, or we just halt these practices and people start getting desperate.
ETA: Federal Reserve is going to start buying corporate bonds en masse again to keep companies liquid. That's going to hurt too, although they will eventually dump those.
ETA: Federal Reserve is going to start buying corporate bonds en masse again to keep companies liquid. That's going to hurt too, although they will eventually dump those.
This post was edited on 6/23/22 at 12:26 pm
Posted on 6/23/22 at 12:25 pm to goofball
quote:
stimulus checks to be used in this recession?
Oh, HELL YEAH!
Posted on 6/23/22 at 12:36 pm to goofball
If I get any stimulus checks, I'm promptly investing it Vanguard ETFs. The joke is on the people in Washington.
Posted on 6/23/22 at 12:38 pm to goofball
The tiny bit of relief checks provide doesn't justify damage they would inflict under these circumstances. Would only increase inflation.
Democrats don't care about us or the country, only about retaining power to force it's sick ideology on everyone.
They would push it only to appeal to voters.
Democrats don't care about us or the country, only about retaining power to force it's sick ideology on everyone.
They would push it only to appeal to voters.
Posted on 6/23/22 at 12:40 pm to goofball
frick them. I make too much to qualify for stimulus payments. But my taxes sure as frick don’t go down, everything from gas to groceries is ungodly expensive. And I actually spend money on things like vacations and stuff that actually stimulate local economies that, to be honest, I’m really going to have to scale back on doing.
But frick me right? How dare I bust arse, get a degree, work hard and get a good job.
I’m beyond caring about liberals and their plight. Because this is having a huge effect on my retirement and we’ll being.
But frick me right? How dare I bust arse, get a degree, work hard and get a good job.
I’m beyond caring about liberals and their plight. Because this is having a huge effect on my retirement and we’ll being.
Posted on 6/23/22 at 12:43 pm to goofball
Blue state governors and everyone that called for a shut down fricked us so hard
This post was edited on 6/23/22 at 12:44 pm
Posted on 6/23/22 at 12:49 pm to goofball
Inflating away the problem is the plan.
Posted on 6/23/22 at 12:53 pm to goofball
Fiscal policy vs. Monetary Policy
Keynsians vs. Friedmans
Dogs vs. Cats
Canes sauce vs. Chick-fil-a sauce
Hammer vs. Wrench vs. Screw Driver
I, for 1, sees this like a tool box. Different circumstances and context call for different tools.
Keynsians vs. Friedmans
Dogs vs. Cats
Canes sauce vs. Chick-fil-a sauce
Hammer vs. Wrench vs. Screw Driver
I, for 1, sees this like a tool box. Different circumstances and context call for different tools.
Posted on 6/23/22 at 12:55 pm to goofball
The recession was intentionally caused to get rid of the inflation caused by too much stimulus. There could be a time for stimulus, but it would be AFTER the recession squeezes the inefficiencies and the inflation out of the economy.
Posted on 6/23/22 at 12:56 pm to goofball
Keynesian economics teaches that deficit spending in times of recession is a good thing.
That might have been applicable to the 1930s depression, but we are all out of ammo and cannot do it anymore. We are at rock bottom with no Keynesian tools left to use.
Its just the practice of prolonging suffering.
That might have been applicable to the 1930s depression, but we are all out of ammo and cannot do it anymore. We are at rock bottom with no Keynesian tools left to use.
Its just the practice of prolonging suffering.
This post was edited on 6/23/22 at 12:58 pm
Posted on 6/23/22 at 12:59 pm to goofball
It is highly unlikely that direct stimulus payments will be seriously considered.
Posted on 6/23/22 at 1:10 pm to goofball
quote:they were one of a list of things that caused this recession.
stimulus checks to be used in this recession
Posted on 6/23/22 at 1:31 pm to goofball
Oh yeah .. ribs and crawfish here I come.
Posted on 6/23/22 at 1:33 pm to goofball
Likelihood is high. They’ll make a last ditch attempt to buy votes in the early fall.
Posted on 6/23/22 at 1:40 pm to goofball
Do it I dare you… can you just imagine them doing it again, like it’s not bad enough already.
Posted on 6/23/22 at 5:44 pm to goofball
Recessions are usually caused by high unemployment.
This recession is caused by high oil prices and a labor shortage.
So giving stimulus checks will actually make the recession worse.
And due to this.
Yes, the government will issue stimulus checks.
This recession is caused by high oil prices and a labor shortage.
So giving stimulus checks will actually make the recession worse.
And due to this.
Yes, the government will issue stimulus checks.
Posted on 6/23/22 at 6:01 pm to goofball
That is absolutely not the answer.
Free money is not gonna help bring inflation down
Free money is not gonna help bring inflation down
Posted on 6/23/22 at 6:04 pm to goofball
quote:
Research on the stimulus checks shows that people spend about half of the checks,
What do they do with the other half? Wipe?
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