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U.S. Gets a Debt Warning From Fitch as Stimulus Battle Rages
#9
No argument from me of the impending economic disaster.

The way this pandemic has been handled is likely to reduce the USA from superpower status. Pre-Pandemic Trump tax cuts and bullying of the Fed just to prop up the stock market provides no choice but to print and dole out money to try to keep this country afloat until there is treatment or vaccine.

Of course the only problem right wingers have is that somebody not working might get a handout. The right is never outraged with the amount of money that pours into the pockets of the rich: billions in "Small Business loans" went to the President's friends and family, or even better those same American taxpayer funded loans to Chinese subsidiary companies. (Let that soak in). It will take a hell of a lot of unemployment and food stamps to add up to the corporate welfare that is flowing out of federal govt right now.

But let's be honest with ourselves, Republican leadership has been pushing us off an economic cliff for the past 40 years. Every single GOP administration over that time period has had an economic recession during their watch. Math skills must not be an elephant's strength. Always hard to pay the bills when you cut taxes and spend more and more on the military and/ or war.

Thankfully, we get a Democrat administration following those Republican disasters and the Democrat's "free spending socialism" amazingly turns the country around until our "semi-literate electorate" puts another Republican in office, and we start all over.
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U.S. Gets a Debt Warning From Fitch as Stimulus Battle Rages - by Cardfan1 - 08-03-2020, 04:39 PM

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