FabSwingers.com forum: Biden stimulus

By (user no longer on site) OP
over a year ago

Good evening all. Just looking for people’s thoughts on the stimulus package that Biden is going to implement in the US.

Austerity is ain’t - it’s probably the biggest investment in economy in the US since WW2.

Yet over here( and in Europe) dishy Rishi has spoken of belt tightening!

Are we missing a trick?

Is this the once in a generation opportunity to create huge change ?

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By *ercuryMan
over a year ago

Grantham

Such a stimulus, if it happens, also comes with a problem.

All that money being injected could quickly overheat the economy, leading to inflationary pressures.

Will be interesting to see what happens.

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By (user no longer on site)
over a year ago

"Such a stimulus, if it happens, also comes with a problem.

All that money being injected could quickly overheat the economy, leading to inflationary pressures.

Will be interesting to see what happens. "

Maybe.

But it sounds better than the governments plan to always shift the burned onto the poorest people in society.

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By *ethnmelvCouple
over a year ago

Cardiff

"Such a stimulus, if it happens, also comes with a problem.

All that money being injected could quickly overheat the economy, leading to inflationary pressures.

Will be interesting to see what happens. "

The benefit of inflation is that it deflates debt. It isn’t always bad, just needs to be managed.

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By *ebbie69Couple
over a year ago

milton keynes

"Such a stimulus, if it happens, also comes with a problem.

All that money being injected could quickly overheat the economy, leading to inflationary pressures.

Will be interesting to see what happens. "

Doesn't very high inflation affect the poorest badly

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By *amish SMan
over a year ago

Eastleigh

Problem in the US is where money ends up. Most will end up with those who don't need this package ie the richest.

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By *hetalkingstoveMan
over a year ago

London

It seems like the right thing to do. It worked when Obama did it back in 2008/9.

It's a shame in this country we have a government that is allergic to doing anything to actually improve the country, and just wants to fight culture wars instead.

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By *mmabluTV/TS
over a year ago

upton wirral

"Such a stimulus, if it happens, also comes with a problem.

All that money being injected could quickly overheat the economy, leading to inflationary pressures.

Will be interesting to see what happens.

Doesn't very high inflation affect the poorest badly "
In every situation the rich get richer and the poor get poorer this also happens under Labour governments it is complex but basically when the going gets tough the tough get going.The law of survival of the fittest is a true law of nature these facts enshined in the rules of life.

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By *arakiss12TV/TS
over a year ago

Bedford

It depends what money he's using if it's from the federal reserve fine, they can write it off. If it's tax money from the people it's going to wreck the economy, not even the black marketeers will gain.

I think Bidens fiscal policy lacks imagination and is blinkered.

There will be massive unemployment then the civil unrest comes.

He's trying to rob Peter to pay Paul.

Worst case scenario.... Civil war.

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By *ercuryMan
over a year ago

Grantham

The $2 trillion dollar infrastructure stimulus package looks like it'll be paid for by tax rises.

US corporate tax looks likely to rise from 21% to 28%.

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By *abioMan
over a year ago

Newcastle and Gateshead

"The $2 trillion dollar infrastructure stimulus package looks like it'll be paid for by tax rises.

US corporate tax looks likely to rise from 21% to 28%. "

To be fair trump cut the rate from 35% to 21% originally plus gave a lot of his friends a tax cut.... so this is redressing some of that balance

I think business were expecting some of this when Biden got in... and infrastructure is one of those subjects when republicans can fight it, but they probably won’t too much as it ends up hugely benefiting the states they represent!

That’s why I think where manchin may posture, I don’t think he will stand in the way of it if it means blowing it up

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