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The Bridge
(Total Views: 184)
Posted On: 07/30/2021 10:34:27 PM
Post# of 128157
Posted By: Bhawks
Re: dbergh #66647
Read and weep, asshole. Neither the GDP or the Stockmarket were forgone conclusions. A less aggressive vax rollout would've resulted in another shutdown.

And then there was this. You DID get your stimulus check and use it to buy new hubcaps for your home, right?


Three reasons Biden’s Covid bill is a big deal

Anthony Zurcher
North America reporter
@awzurcheron Twitter

Published

11 March

https://www.bbc.com/news/world-us-canada-56355124

President Biden has his own big congressional deal - a $1.9tn (£1.4tn) Covid relief bill, ambitiously dubbed the "American Rescue Plan Act".

The bill, due to be signed by Biden on Friday, will not only provide direct payments to most Americans, allocate billions of dollars to Covid research, testing and vaccine distribution, but also greatly expands welfare for families with children.

So will it merit a celebratory expletive? Only time will tell.

In pure government muscle, Biden's effort is more akin to US expenditure in World War II or Franklin Roosevelt's Depression-era New Deal programmes in size and scope.

With $1,400 payments to many Americans, extended unemployment insurance benefits and aid to businesses and state and local governments, the relief bill will unleash a gusher of money across the US. Combined with expanded rollout of the Covid-19 vaccine - which the legislation will also help fund - the US could be poised for a post-pandemic rebound of monumental proportions.

A survey of economists by the Wall Street Journal sets forecasts for US growth in 2021 approaching 6%, a mark not surpassed in almost four decades.

And that's exactly what IS happening, you economically illiterate ass-clown.

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