American Economics Thread
- Thread starter Bernard
- Start date
This year, US government spending is nearly 1/3 of GDP, we might even reach 1/2 of GDP by end of the year.
OMG! US printed $2.6 trillion and 0.5 of this went to people in the form of $1,200 checks (for people making less than 70K/year). Rest, the $2 trillion went to bond and stock markets, ie to top 0.1%. They are preparing to print another $3 trillion. The admin which gives trillions to rich is cutting $600 to very poor/jobless people. This is why US is in decline. Cannot believe it. I was thinking Trump would won this year for sure but now I give Biden 60-40 odds. Last 6 months of his admin is a colossal disaster.
Yes, riches are getting rediculously richer even in this odd situation. For some political forces, and economic schools or circles seems democratic and legitimate to do this. The pandemic seems to be an oppurtunity. Thank you mister Trump. Stop WHO funding, stealing petrol from Syria and Libya, sanctioning countries and strenghtening embargoes during pandemic, "intercepting" medical equipment, having racist rhetoric and practice about Covid19, for the poorest response and performance amongst the whole world. Health system overwhelmed, and a political chaos. Such a failure
Capitalism at its worst, to be politically correct, since we talking about American economics
Interesting title (not really). Back in 1830s, then Qing authorities said roughly the same for the British.
A foolish bunch following Sen. Graham's footsteps, calling for the U.S. Treasury bonds held by China (about $1.1 trillions) to be defaulted. Even mentioning this should have been avoided in the first place. But I guess, such is the way of fueling an already raging fire.