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Fixing the Roof While It's Raining

Original Article

Posted By: Hazymac, 3/27/2020 8:58:47 PM

President Trump this afternoon signed a $2 trillion spending bill to respond to the health emergency, while the Federal Reserve spent the better part of a trillion dollars this week buying bonds of every description and lending money to foreign central banks. That avoided a financial crisis and stabilized the stock market. When I proposed a massive fiscal stimulus on February 27, I looked like a wild-eyed alarmist, and many readers on this site accused me of playing into a Democratic plot to panic the country and wrong-foot President Trump. Market intervention is like buying a present for the birthday of your spouse;

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Reply 1 - Posted by: RuckusTom 3/27/2020 10:05:03 PM (No. 360401)
Republicans are as good at spending taxpayer money as democrats. Heck, they might even be better at it.
10 people like this.

Reply 2 - Posted by: franq 3/28/2020 8:24:19 AM (No. 360597)
Yeah, but we'll get it all back from China, according to one poster.
1 person likes this.

Reply 3 - Posted by: 3XALADY 3/28/2020 9:19:19 AM (No. 360667)
Last night Mark Levin was reading from a list of what was in that spending bill. I had to turn the radio off.
2 people like this.

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Fixing the Roof While It's Raining 3 replies
Posted by Hazymac 3/27/2020 8:58:47 PM Post Reply
President Trump this afternoon signed a $2 trillion spending bill to respond to the health emergency, while the Federal Reserve spent the better part of a trillion dollars this week buying bonds of every description and lending money to foreign central banks. That avoided a financial crisis and stabilized the stock market. When I proposed a massive fiscal stimulus on February 27, I looked like a wild-eyed alarmist, and many readers on this site accused me of playing into a Democratic plot to panic the country and wrong-foot President Trump. Market intervention is like buying a present for the birthday of your spouse;
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Posted by Hazymac 3/3/2020 7:53:00 AM Post Reply
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Posted by Hazymac 3/2/2020 7:50:31 PM Post Reply
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Posted by Hazymac 2/27/2020 9:32:24 PM Post Reply
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Posted by MissMolly 3/27/2020 5:11:07 AM Post Reply
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