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Stephen Moore: Biden’s $1.9 trillion ‘rescue plan’ could destroy 4 million jobs — here’s a better idea

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Posted By: ProudAmerican-MO, 1/15/2021 4:32:56 AM

Biden’s proposals will likely speed America further along the track to bankruptcy, higher interest rates, higher inflation and much higher taxes Can Uncle Sam tax, spend, borrow and print money to return America to prosperity? President-elect Joe Biden’s "American Rescue Plan," announced Thursday night, makes a $1.9 trillion bet that we can.

Comments:

The government needs to stop bailing out people on everything. I understand people are going through a hard time but borrowing more money does not help the economy. What we need is more freedom to do business and without so many regulations and we need to lower the taxes. The more taxes you pay, the closer you are to socialism. Hard times forces people to adapt and innovate. If the government keeps helping everyone on everything and providing free stuff we are going to go down in debt.

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Reply 1 - Posted by: John C 1/15/2021 4:59:36 AM (No. 661401)
Not everyone will be helped. See other articles. Help is "targeted" to non white and illegals, plus what Congress skims off the bill for themselves and close friends and supporters.
10 people like this.

Reply 2 - Posted by: daisey 1/15/2021 5:20:39 AM (No. 661409)
Biden has never been known for his intellect. I don’t know who is calling the shots, but we are in big big trouble as a nation. Then”squad” and Kamala are so far left that I am worried how we can survive as a republic. I can’t decide if I’m more sad or scared.
14 people like this.

Reply 3 - Posted by: shredmaster 1/15/2021 6:23:33 AM (No. 661445)
When otherwise sound businesses get in financial trouble, many times they get bailed out by getting bought out by another company. Since the US is in financial trouble, guess who gets to buy out the US? China. I think that's what Biden and Company really want.
10 people like this.

Reply 4 - Posted by: Sorosisbehindit 1/15/2021 7:00:38 AM (No. 661462)
We can forget about "better ideas"! We are moving toward total control by a corrupt legislative, executive and judicial branch with the willing assistance of the "free press". We have 5 days to pull this country back from the brink....just 5 days left for a hail Mary.
8 people like this.

Reply 5 - Posted by: BeatleJeff 1/15/2021 7:08:22 AM (No. 661468)
Obama: “Don't underestimate Joe's ability to f*** things up.” Dementia Joe isn't even POTUS yet and he's well on his way to making everything FUBAR.
11 people like this.

Reply 6 - Posted by: Tusker 1/15/2021 7:46:49 AM (No. 661496)
Fox News? Really? Fox News? Ignore Do not give a click.
6 people like this.

Reply 7 - Posted by: msjena 1/15/2021 9:17:29 AM (No. 661617)
Here's my idea. Spend the money getting the vaccine to everyone and let the pre-pandemic economy resume.
3 people like this.

Reply 8 - Posted by: LC Chihuahua 1/15/2021 9:50:22 AM (No. 661671)
Face it. Nobody in Washington, Democrat or Republican, is serious about controlling spending. Most of Washington isn't serious about building a strong economy. It won't happen. The bad news is this kind of spending is unsustainable, and eventually will come back to bite us. It won't end well folks.
4 people like this.

Reply 9 - Posted by: bighambone 1/15/2021 10:08:32 AM (No. 661698)
Biden was kind of squinty last evening as he read off his teleprompter that was staged behind the TV camera completely out of view. Biden said that his plan is going to create 18 million really good and well paying jobs, that was a “coincidence” with the fact that today there are 18 million Americans out there who lost their jobs to COVID and are drawing unemployment compensation. Anytime in the past where liberal Democrats threw taxpayer’s money at a problem a good portion of the money was skimmed off as it passed through all the Democrat supporting groups that administered the various programs before it got to the people said to be in need. As occurred during the Obama-Biden era “shovel ready” stimulus program. No doubt some establishment Republicans and their supporters also got their cut. With that, there was the Obama-Biden “Cash for Clunkers” program that took a lot of older motor vehicles off the road making it very hard for low income people to find and purchase affordable used cars. When all was said and done, the big banks cashed in, and people at the bottom of the economic ladder ended up with what is referred to as an “Obama phone” or simply crumbs. In the end nobody could figure out where all the money ended up or how the stagnant Obama-Biden economy was helped. This time around it will end up being twice as expensive for the people who do actually pay taxes. In the end the Chinese Communists whose economy is booming now, will move in and start buying up American Corporations and companies at dirt low prices. Notice that after reading off his plan from a teleprompter that Biden took no questions from the media and walked away, there has to be a reason for that?
3 people like this.

Reply 10 - Posted by: RuckusTom 1/15/2021 11:45:53 AM (No. 661827)
Open everything up and suspend FICA, SS and federal income taxes for employers and employees for a year.
1 person likes this.

Reply 11 - Posted by: felixcat 1/15/2021 12:04:05 PM (No. 661864)
Oh Stephen, you really think anyone with a D after their name will listen to you? I gave up watching you on Fox Business when you would regularly spar with some former Obama economic advisor and you were all smiles and giggles and this guy was eating your lunch.
0 people like this.

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