Discover and read the best of Twitter Threads about #stimuluspackage2020
Most recents (3)
It is a slow day in the small Saskatchewan town of Pumphandle, and streets are deserted. Times are tough, everybody is in debt, and everybody is living on credit. A tourist visiting the area drives through town, stops at the motel, and lays a $100 bill on the desk saying
he wants to inspect the rooms upstairs to pick one for the night. As soon as he walks upstairs, the motel owner grabs the bill and runs next door to pay his debt to the butcher. The butcher takes the $100 and runs down the street to retire his debt to the pig farmer.
The pig farmer takes the $100 and heads off to pay his bill to his supplier, the Co-op. The guy at the Co-op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her "services" on credit.
Dems think R's should turn down stimulus checks since it's basically socialism. R's think Dems should turn down stimulus checks because they hate Trump. Neither argues that they aren't necessary.
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And they argue over whether the 2009 stimulus checks were sent out because of Bush's incompetence, or because of Obama's "socialist tendencies."
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But, both sides tacitly agree that the last two Republican Presidents completely cratered the economy, and that's the real moral of the story here.
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GOP still - amazingly - sticking to supply (management/business) side economics when regular people are producing very little demand (income).
Companies don’t get subsidies and say, “We got all this $...let’s pay some people!” #StimulusPackage2020
Companies don’t get subsidies and say, “We got all this $...let’s pay some people!” #StimulusPackage2020
When regular people get subsidies, they say, “We need some stuff. Let’s buy stuff we need.”
Then companies say, “People are buying stuff and paying for services! Let’s pay some people to make stuff and provide some services!”
#StimulusPackage2020
Then companies say, “People are buying stuff and paying for services! Let’s pay some people to make stuff and provide some services!”
#StimulusPackage2020
Now, there will be companies that need corporate welfare to get across this massive chasm. Let’s focus on manufacturing sectors that must be preserved but won’t be patronized even with cash injections to individuals: everything from aerospace to restaurants. BUT...
