Something to ponder as the new congress will at least double the latest stimulus putting us in the 6T range.
DEC 2008 "The Great Recession"
-11.1 million unemployed of 198 million working age people.
-There were real structural issues in the economy.
-bailout was tiny compared to this and very little went to average Joe. An epic 11 year bull followed only interrupted by Covid.
Dec 2020
-no fundamental issue working against a recovery in the economy.
-10.8 million unemployed out of 206 million working age people.
-record high savings rates and increasing net worth.
Why is so much needed this time for a much smaller problem where a fairly easy and much smaller, targeted bailout would suffice?
Last edited by Gen6; 01-07-2021 at 11:56 AM.