On the stimulus
by Kali4niaND (2024-02-26 17:12:25)

In reply to: As a Libertarian, Biden was "harmless" last 4 years  posted by rflor

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How would you feel if GDP growth were halved coming out of the Covid recovery and unemployment rates were several points higher?

I’d be absolutely fine with it.
by rflor  (2024-02-26 19:37:25)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Cannot reply

You’re describing GDP and unemployment rates closer to historical norms. I’d take that if it meant showing some restraint in allowing the economy to react and absorb the previous stimuli combined with the adoption of widespread vaccines.

I think what Biden was trying to avoid
by Kali4niaND  (2024-02-26 19:45:52)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Cannot reply

was the eight years of economic bashing that Obama received from the GOP because he didn't fix the shitshow that he inherited from them fast enough.

In the rearview mirror, the ARP likely wasn't need at the scale it was passed on, but we were just on the cusp of Covid vaccine availability, so, did we really know? He went with better safe than sorry. I can live with that.

And I do think that some of the quick reduction in unemployment and consumer spending that stimulated GDP growth came along with the uptick in inflation.
Would that have been the outcome had he not passed the
by krudler  (2024-02-26 18:55:16)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Cannot reply

last stimulus? Was that the Inflation Reduction Act? I've seen no evidence to support your claim. It can also be argued that those directly contributed to inflation, and higher interest rates.