Where Colorado Buffalo alumni, fans and friends come to chat all things CU. Go Buffs!

Off Topic Message Board

Bisonic

Joined: 07/30/2002 Posts: 15803
Likes: 1854


"Already recovering economy" - in March of 2021????


We talked about this extensively on this board, and you are ignoring reality. The urgency in March of 2021 was to get the economy's heart beating again. The stimulus package did that. The admin could have tried to separate the needy from the not needy, but that would have taken MONTHS. People were not working. The economy was in a coma. Did you forget that already?

The downside? Demand picked up massively, which leads to inflation. ALL economists predicted this would happen, but few said that some stimulus was a terrible move.

Our economy is in great shape right now. Inflation is high and markets are down, but the economy is extremely strong right now.

Oh and the Treasury Secretary doesn't set interest rates, which slow down inflation. The Fed does.

(In response to this post by EBN)

Posted: 06/22/2022 at 12:45PM



+0

Insert a Link

Enter the title of the link here:


Enter the full web address of the link here -- include the "http://" part:


Current Thread:
 
  
Sign of the apocalypse?? -- CUKev 06/22/2022 08:35AM
  I didn’t blame Biden for gas prices** -- CUKev 06/22/2022 10:36AM
  You mentioned a “Dem President” … was that Obama? ** -- Ralphie Bruber 06/22/2022 11:20AM
  My OP didn’t blame Biden for gas prices -- CUKev 06/22/2022 1:54PM
  But it is being mentioned everywhere by R’s. ** -- BACKinBLACK 06/22/2022 10:47AM
  Both. -- EBN 06/22/2022 12:34PM
  Not one mention of supply chain issues? ** -- Ralphie Bruber 06/22/2022 5:13PM
  "Already recovering economy" - in March of 2021???? -- Bisonic 06/22/2022 12:45PM
vm307