Current Events > A Number of Voters Hope Trump Will Give Them Another Stimulus Check

(+) Yeah! (+)

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There is no appealing to a willfully ignorant electorate.

I really feel like I played myself by assuming the American electorate was smarter than this.

Disappointed but not surprised.

But if Dems do anything useful it's viewed as "buying votes" by the same people

"DAMN SOCIALISTS!"

"So Trump my guy, who understands my poor struggles. Where's my socialism?"

bigly morons inflation on everything is cuz he printed tons of money while he was in office he added 8 trillion to the debt

For the last four years almost every time I go to google one of the trending searches is "$2000 stimulus <current month> <current year>", this isn't something new.

It's so weird how people just plain forgot one of the first things Biden did was send out stimulus checks for a higher amount than Trump

I wouldn't put it past him, as a distraction when people start to turn on him. He doesn't really have a problem spending other people's money.

https://www.youtube.com/watch?v=lhckuhUxcgA

Extremely slim is a rather polite way of saying "It's not happening, why did you ever think it was going to happen?"

Cartoon_Quoter posted...

I wouldn't put it past him, as a distraction when people start to turn on him. He doesn't really have a problem spending other people's money.

Nah, he didn't the first time. COVID was an unbelievably dire circumstance and almost every positive thing in the bill was written by House Democrats playing serious hardball.

COVID hit a point when everyone was furloughed, stuck at home, stores and restaurants and schools were closed and lots of people couldn't work. Refusing to do something might've meant actual unrest and violence.

the only money coming is a 2 trillion dollar tax cut for the rich

LightSnake posted...

It's so weird how people just plain forgot one of the first things Biden did was send out stimulus checks for a higher amount than Trump

They remember. They blame THAT one but not the Trump one for causing inflation. lol.

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money printer go brrrrrrrr

https://fortune.com/2023/02/01/pandemic-stimulus-money-caused-excess-inflation-fed-study/

I have concepts of a stimulus

The early days of the pandemic were among the darkest economic moments in recent history for low-income Americans struggling with unemployment and lost incomes. The Trump administration quickly provided relief by signing a $2 trillion package in March 2020 that sent $1,200 checks to every American who earned less than $75,000 along with enhanced unemployment, and forgivable business loans. President Joe Biden followed with additional stimulus money.

In total, American households received more than 472 million pandemic relief payments worth $803 billion. In total, nearly $5 trillion went to households, businesses, local governments, and other institutions.
And the programs worked, at least as far as their intended purpose. Material hardship in U.S. households fell sharply as a result of the payments, a 2021 Census Bureau survey found, including for problems like malnutrition, mental health, and financial instability.

For months, partisan debates have raged over whether the early pandemic stimulus fueled the past years high inflation, or if high prices were caused by other factors like Chinas COVID lockdowns tangling supply chains.
The answer, according to a new study by the St. Louis Fed, is that government stimulus was indeed responsible for some U.S. inflation. The authors found that 2.6 percentage points of the 7.9% 12-month inflation rate in February 2022 was due to stimulus.

The authors found that stimulus payments led to substantially more demand for goods in the run-up to 2022, but industrial production at the time was unable to keep up. The result was a higher amount of excess inflation, they said.
By narrowing the study to February 2022, the authors excluded any analysis of more recent inflation rates. It also happened to largely miss the impact of Russias invasion of Ukraine on Feb. 24, which caused energy and food prices to soar.

An economic lifeline
While white-collar American workers retreated to their laptops and home offices to work remotely in 2020, many other Americans werent as lucky. Unemployment surged in the first half of 2020 and permanent business closures piled up. The number of people living below the poverty line ticked upward, and more than half of Americans expected to run out of savings before the year closed out.
The wave of stimulus payments were an essential lifeline for low- and moderate-income Americans whose livelihoods were hit hardest by the pandemic, and may have helped lift nearly 12 million people out of poverty in 2020 alone, according to the Census Bureau. Meanwhile, federal stimulus to businesses amounted to $1.7 trillion throughout the pandemic
But while more than half of Americans reported using their stimulus money to pay for basic necessities including food and rent, recipients with higher incomes tended to save it. Consumer spending soared in 2021 due to greater disposable income. But with fears of COVID transmission and travel restrictions worldwide still in place, that spending was overwhelmingly on goods rather than services, contributing to the market imbalances that lifted the inflation rate in February 2022.
While stimulus checks helped keep consumption at relatively strong levels even during lockdowns, industrial and manufacturing activity did not accelerate to keep pace, the Fed studys authors wrote.
By stimulating demand without boosting supply, our results suggest that fiscal support contributed to increased excess demand pressures in goods markets, they added.
The findings of the research align with another study from the Federal Reserve Bank of San Francisco in December that also identified short-term inflationary effects linked to fiscal stimulus in 2020 and 2021. The latter study found that stimulus issued directly to consumers was more inflationary than stimulus for businesses.
The St. Louis Fed survey also suggested that higher-than-expected consumer spending and supply chain issues may have amplified each other to feed rising inflation.
This policy was successful at boosting consumption, which, together with a relatively inelastic supply, may have led to supply chain bottlenecks and price tensions, the authors wrote.
However, the Feds St. Louis and San Francisco studies both noted that the social benefits of stimulus payments could potentially outweigh the negatives of inflation.
One should also recognize the positive role played by generous government support throughout this unprecedented crisis. The large spending supported a strong economic rebound, with both GDP and employment recovering at a remarkable pace, likely preventing worse outcomes despite the price pressures that may have resulted from the spending, the St. Louis authors wrote.

I had a few old co-workers who thought their 2020 checks were straight from Trump himself.

Trump mandated his name be on each check

People who think democrats are socialist communists hope Orange gives them some socialism

He probably will, when the tariffs put us into a recession.

Now, tbf, in Ontario (Canada) our corrupt blatantly evil premier is currently planning on just giving everyone in the province $200 to re-elect him right around election time. And despite doing nothing remotely useful or productive or even neutral instead of actively harmful, it will likely work and get him re-elected for another term.

So its entirely possible - its not like Trump or the GOP give a shit about the federal budget, to just write everyone a cheque around the midterms/next general election (if there are ones) to make sure he gets a landslide victory again.

where money

idiots who voted against Kamala because Faux News told them she's a "socialist": "gimme stimmy, daddy Donald!"

LightSnake posted...

Nah, he didn't the first time. COVID was an unbelievably dire circumstance and almost every positive thing in the bill was written by House Democrats playing serious hardball.
COVID hit a point when everyone was furloughed, stuck at home, stores and restaurants and schools were closed and lots of people couldn't work. Refusing to do something might've meant actual unrest and violence.

However, the Feds St. Louis and San Francisco studies both noted that the social benefits of stimulus payments could potentially outweigh the negatives of inflation.

One should also recognize the positive role played by generous government support throughout this unprecedented crisis. The large spending supported a strong economic rebound, with both GDP and employment recovering at a remarkable pace, likely preventing worse outcomes despite the price pressures that may have resulted from the spending, the St. Louis authors wrote.

Democrats save you.

Vote em out!

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Republicans: I hate socialism! Dems only win by giving away free shit!

Also Republicans: Give me free money because reasons!!!

Gaslight
Obstruct
Project

Literally every single fucking time. Without fail.

Trump has this incredible ability to convince people he's going to do things without ever doing anything to suggest he will.

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Expecting socialism from the Republicans? Only if your already rich.

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How did that cause global inflation? Especially since America actually suffered from less inflation than most first world countries.

bnui_ransder posted...

Im still pissed I never got a single one of them

That is what you get for having a job that pays well. If you own a business maybe you got the rich people stimulus. IIRC it was called PPP loans and you didnt have to pay it back so that was free money.

creativerealms posted...

How did that cause global inflation? Especially since America actually suffered from less inflation than most first world countries.

When a large sum of money is suddenly introduced to an economy it causes a devaluing of the money already in circulation.

The US dollar being worth less has a trickle down effect on all other currencies. This is due to the dollar essentially being the gold standard currency by which the rest of the world measures it's own currencies value against as well as being the primary currency used in the international transfer of goods.

During Covid, the global markets collapsed, causing a shortage in supply at the same time that the government injects a ton of money into the economy. The price of goods goes up to compensate for the shrinking supply while the value of the dollar goes down due to the sudden influx of money introduced to the markets. The end result of that is inflation, and since all our markets are so intricatey connected, what happens to America is felt across the rest of the world. It's the "high tide raises all boats" theory, only in reverse.

Still haven't used any of them

gimulus stimulus

Accio stimmy

Yes! Bring on the inflation so republicans can blame it on democrats in 2-4 years!

Everyone saying the stimulus checks caused inflation, how exactly did Americans getting a few grand in stimulus checks cause worldwide inflation?

Sonixs posted...

Everyone saying the stimulus checks caused inflation, how exactly did Americans getting a few grand in stimulus checks cause worldwide inflation?

I took that stimulus and I converted it to 50 different currencies

LightSnake posted...

It's so weird how people just plain forgot one of the first things Biden did was send out stimulus checks for a higher amount than Trump

That's because Biden didn't delay the release so he could plaster his name on the check like trump.

thronedfire2 posted...

Yes! Bring on the inflation so republicans can blame it on democrats in 2-4 years!

I mean Trump's tax hikes on the middle class and poor go into effect in 2027

LightSnake posted...

It's so weird how people just plain forgot one of the first things Biden did was send out stimulus checks for a higher amount than Trump

Biden didn't put his name on the cheques like Trump did.

Seriously, that was a smart move on Trumps part. Made kinda dumb people associate him with the cheques.

Enclave posted...

Biden didn't put his name on the cheques like Trump did.

Seriously, that was a smart move on Trumps part. Made kinda dumb people associate him with the cheques.

Trump knew that to its why he mandated it he knows Americans are very dumb