Oso planning to go pro
Maybe, But did my 20 yo college student need to get $1400 checks .... NopeThe targeting mechanism needs some refinement.
True, but getting the money out the door asap was essential. Wasting time deciding who does and doesn't get it would have had a larger negative effect.
Agree to disagree. Do not think it would have been wasting time and do not think it would have taken longer just would have taken smarter
I said it then and how hard would it have been to exclude dependent children
I mean, it takes 3-4 months to get a simple building permit from the federal government
Great example of why the federal government should be the solution of last resort.
Based on the private sector's sterling record of looking out for people's best interests.
And who do you suppose does the best job of “looking out for people’s best interest” - the sector that has made it’s citizens the wealthiest in the history of mankind or the one who confiscates wealth and squanders it?
Where would your beloved public sector get the resources to spend 4 years pondering the issuance of a building permit if not from the private sector?
Huh?Only the economically illiterate or libertarians (kind of the same thiing) think like this. The reality is that the success of the private sector is wholly reliant on a stable, effective (not perfect, effective) public sector "squandering" wealth on things like infrastructure, research, education, military protection, law enforcement, fire protection, health care, foreign trade agreements, etc.And God knows, no corporate entity has ever fed at the public sector trough to expand its operations, build a new facility or survive an economic crisis. I mean, maybe Lenny could establish a successful, wealth generating business without a transportation network to deliver his goods and services, or an educated workforce, or piggybacking on decades of government-funded research, or his personal police force ... but I'm kinda skeptical. The reason our private sector can thrive is the existence of our public sector. Pray tell, how many successful, multinational corporations have been created in Somalia and Yemen, where they don't have to worry about a squandering public sector?Though it's cute you apparently believe squandering wealth is the exclusive province of the public sector. Spoken like someone who's never attended a sales conference.
Another boomer that doesn't actually understand the function of government.
Taking profits and paying cap gains tax on a market that looks this vulnerable should never be viewed as “taking a hit”. Is watching profits turn to losses a win because you can sell and “save” on your taxes? Unless you’re on your deathbed with a big gain and you want your heirs to get a step up in the purchase price holding on (for tax purposes) to a stock you think has topped and is going south is stupid.
The FUD is strong in this thread. The US economy - and it's people - will be just fine.
We can't single-handedly fix global inflation, but the Fed can single-handedly destroy the U.S. economy with the blunt force trauma it seems intent on levying.
How do you define a bit of a recession? What does that look like to you?
To the first point - agreed.To the second - the fed is not going to "single-handedly destroy the U.S. economy". There will be a bit of a recession, that's it. And given we have only had a 2 month covid recession since 2009 - that's not necessarily bad or unexpected.