Stimulas Failure
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“Your argument both of you were making that putting out automatic stablizers in the bill will make no difference politically makes no sense.
First it’s clear that the House Bill is dead on arrival as long as Trump and McConnell are in a position to hold it up.
Therefore releasing a bill that is 6 Trillion dollars is no different than holding the bill at 3.6 Trillion is nieve. The American people even in a time of recessionary economics are politically dangerous
Particularly when the bill isn’t going anywhere any time soon.
Handing McConnell a political issue that allows the GOP leadership the opportunity to paint Democrats as out of touch with the debt.
It might be good policy in your political science world. But we don’t live inside of a hypothetical political thesis or anything like an Economic Science University thesis.
Americans make political decisions based on their personal economic situation, not the situation of their neighbors.
To the Average American 3.6 Trillion already sounds like an unimaginable amount. To try and sell 6 Trillion could easily scare off voters in Nov 2020.
C think you very cavalierly just blow of the political danger of leaving the impression that Democrats are going to come in and spend the country into oblivion.
You can not just dismiss this affect, A recession is only bad for th individuals who are part of the 15- 20 percent out of work , and are subject to Republican attacks about the debt. I spite of the fact they have been the historical big speeders.
They have had great success in the past to flip immediately back to being phony hawks on the National debt, as soon as they are back in the minority.
The problem with this show all of your positions are hypothetical pointie headed theory of politics and policy and not grounded in the on the ground political reality of the day.
Pelosi was smart in not get behind a 6 Trillion dollar package upfront. Particularly if they want hang in to the gains made in 2018 and the direction of gains in the Senate that seem likely at this moment in time.
Politics is the art of the possible and the probable.
Not to mention if all this stimulas is spent on bad loans to Businesses tthat are going to fail in all likelihood instead of investment in hard Infrastructure that at the end of the day will leave something behind that will benefit future generations.
It might juice the economy a little slower but it’s the right thing to do. I’m for extended UI Benefits but not providing a higher benefit than someone was receiving while working.
From a Moderate Democrat.”
No. California Moderate Dem. via Apple Podcasts ·
United States of America ·
05/23/20
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