Armstrong Economics Blog/Economics Re-Posted Mar 8, 2021 by Martin Armstrong
The vast majority of people who voted for Biden did so because they hated Trump. Well, it looks like they got what they deserved. The problem is, the rest of us got what we tried to avoid. This is total BS that every economist left – right – center agreed to this $1.9 trillion package and the so-called “unify the nation” Biden promised was just a campaign slogan. They rejected every amendment of the Republicans so there is no way everyone agreed on this. When Ronald Reagan was president, they were screaming because the National Debt hit $1 trillion. Biden is spending nearly twice the entire national debt accumulated from World War I, World War II, Korea, and Vietnam.
We would NOT need such a stimulus package if the politicians did not lockdown the economy, destroyed businesses deliberately, killed people in nursing homes like Cuomo because he was too busy chasing his secretary around the desk, and world leaders were not kissing up to Schwab. NO GOVERNMENT in 6,000 years has EVER locked down its economy because of a virus. Just amazing.