Example: Sleepy Joe managed to attain a higher rate of economic growth than Marxist-Keynesian Donald J. Trump aka the GREATEST American president ever!
Understandable. Presumably the bounce from a steep recession will be a good one.
Think of the political implications of this from the perspective of voters who have little understanding of economics or economic policy, and who consistently exaggerate the influence of the President, and government in general.
Example: Sleepy Joe managed to attain a higher rate of economic growth than Marxist-Keynesian Donald J. Trump aka the GREATEST American president ever!
I was referring to the tax-cut driven increase in deficit-financed fiscal expenditures during the reign of Trump I. The exact opposite of what conservative Keynesian business cycle management would call for. But I get the Lenin reference.
Maybe Americans find themselves between a rock and hard place but frankly, I say screw the bi-partisanship and do what you have to do to get the pandemic under control. Place the country on an almost war-like footing and then play bi-partisan footsies with the republicans later. Economics outcomes will not sustainably improve until this threat is under control. Borrowing costs are low, interest payments are manageable and the government should exploit that to fully gear up.
If I understand correctly the White House proposes transfers to prop up state and municipal governments. From what I have read, many US states and municipalities are not fiscally equipped to deal with a unexpected emergency like this pandemic.
I hope Biden sticks to the programme and essentially ignores the Marxist Senators from Trump's Republican Party.
I always thought they were more Leninist than Marxist, but hey ho.
I was referring to the tax-cut driven increase in deficit-financed fiscal expenditures during the reign of Trump I. The exact opposite of what conservative Keynesian business cycle management would call for. But I get the Lenin reference.
Maybe Americans find themselves between a rock and hard place but frankly, I say screw the bi-partisanship and do what you have to do to get the pandemic under control. Place the country on an almost war-like footing and then play bi-partisan footsies with the republicans later. Economic outcomes will not sustainably improve until this threat is under control.
Borrowing costs are low, interest payments are manageable and the government should exploit that to fully gear up.
If I understand correctly the White House proposes transfers to prop up state and municipal governments. From what I have read, many US states and municipalities are not fiscally equipped to deal with a unexpected emergency like this pandemic.
I hope Biden sticks to the programme and essentially ignores the Marxist Senators from Trump's Republican Party.
I always thought they were more Leninist than Marxist, but hey ho.
If I understand correctly the White House proposes transfers to prop up state and municipal governments. From what I have read, many US states and municipalities are not fiscally equipped to deal with a unexpected emergency like this pandemic.
I hope Biden sticks to the programme and essentially ignores the Marxist Senators from Trump's Republican Party.
More aid? Why not work? The west coast is still dealing with the devastation of wildfires...plenty of work there to clean/repair. Storm damage in the south. What city doesnt need a little repair, shine around the edges? I get the initial aid response to the pandemic, but now? Put people to work, dont give them a handout they dont really want.
I think there's merit there. And precedent - the WPA and CCC, for example. Displaced people need somewhere to live - use existing park facilities, some built by CCC crews, for starters. Pay people to work - clearing storm and fire debris, cleaning flooded but otherwise safe homes, cooking meals for work crews, delivering food/supplies to folks who can't work, the list is endless. Even stuff like setting up a computer and getting people (re)connected.
Here in Austin 'Discount Electronics' has truckloads of lease-return computers of all shapes and sizes. They can't possibly sell all of them, no matter how cheaply they're listed. Donate them (tax write off) and set up information centers where people can get information. For that matter, donate them to individuals for remote working, online school, surfing pron: you know, the essentials.
The 'rona isn't going away anytime soon. Natural disasters are not going to stop. Sure FEMA and whatnot have their place, but we need a larger, and more personal, mobilization. c.
