Continued stimulus therefore makes our economic plight worse.
…and it will all end like it always does:
You are thinking inflation and increase the debt load?
From 1981 to 2020 we rarely has stimulus and we had very poor GDP growth. We ended up with $31 tr in debt as our factories ended up in Asia.
In the 1950 to 1969 period there was massive stimulus and the debt load went down in some years. There were balanced budgets in some years.
The structure of demand side econ had problems in the period because of the New Deal.
This time we are using counter cyclical economics. Tax rates are less. Interest rates are higher. That combination will manage inflation rates. The growth rate is poking up regardless of a possible mild recession in 4Q23.
For most working Americans who are not invested in the stock or bond market this period in here has been very welcome and beneficial economically for them.
Something has gone very wrong somewhere:
Supply-side economics bypasses the market and gives money to the wealthy with no real intent of trying to create jobs or economic growth.
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We were told thousands of times this would create jobs and pump up growth in the economy. It never did. It was all lies. Every last word of it.
No one today says they want supply side economics. How many little idiots pounded their chests in support of supply side economics? How many of those idiots so easily lied to were laid off after age 50?
We have $31 tr in debt giving the rich money.
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They have been trying it since at least the mid-1890s, likely even earlier (but nobody recorded it for the sake of history).
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Hilarious!
We have William F Buckley, the poor young man who wanted to be the world’s first preppy.