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TopicStimulus checks and boosted unemployment are bad for the lower and middle class
Solid Snake07
07/19/20 2:43:07 AM
#8:


pistachio12 posted...
People aren't spending the goods on regular commodities, they are going to rent, medical expenses, daily goods, etc. While that could lead to inflation in the price of food products, there is nothing to suggest we will get inflation for everything.

And again, people complain about stimulus checks and unemployment benefits but stay silent for the mass revenue that banks are pulling from the small business loans or how it took the federal government just a few days to pass funding bills for big businesses but spend weeks debating what to do for the lower and middle class.


Oh, the "paycheck protection" loans are the worst of the bunch. There's nothing to indicate that we aren't protecting the paychecks of workers in industries that will have little to no demand in the near future when Americans wise up and realize they actually need to save money instead of blowing it on going out to eat and taking vacations.

Not to mention the fact that it's been wildly abused by financial institutions for basically free grant money from the government with almost no oversight so long as they only "borrowed" less than 2 million dollars.

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