The money coming into the system should lead to inflation.

The reason it isn't is bc it's being hoarded at the top (effectively removing it) and/or it's leaving the country.

Or you can look at it at as combating deflation.

Inflation isn't rising?

Not to the degree anticipated.

Others can chime in more.

High inflation is a concern when covid becomes controlled. Not so much now. The high unemployment and job loss which can decrease demand and trigger deflation can be quasi combated with the stimulus money and business grants.

It's the unknowns of how fast folks go back to work and what businesses survive that could lead to high inflation.

Any ideas of what else it may be?

I still don't understand what you guys mean by "hoarded at the top" or "wealth is being hoarded." It sounds like any income or gains not immediately spent on consumption is considered hoarding. But income or gains not immediately spent on consumption is usually referred to as saving, not hoarding. If you're just using the terms interchangeably, fine. But if so it sounds kind of silly to say that the Fed is doing something egregious by attempting to preserve wealth and keep inflation in check.

I know HIV has no more understanding how legislation comes to be than Trump, but as you note, the house passed a comprehensive relief bill almost SEVEN MONTHS AGO. The senate needs to pass their comprehensive relief bill and then the two bodies of congress can work on reconciliation.

It is of course at this point where HIV claims that is impossible because some republicans won’t agree on anything, and thus it is the democrats fault.

It may be the faultiest logic circuit on this entire forum. It is dumb AND wrong.

What the White House wants is meaningless, trump will sign, ultimately whatever congress presents him.

The democrats patiently wait with their exhaustive and comprehensive proposal that they passed in the house. The republicans, who control the senate, have provided literally nothing. But again it is the fault of Pelosi.

LOL HIV.

Saving is not the same thing when your net worth is 75k and 75 billion. You are absolutely hoarding the bulk of money you are not putting to active use at 75 billion.

This really should not need to be explained.

A middle class (what) family might have savings, for emergencies, vacations, future vehicle / home purchases etc. These things fall very close to the umbrella of almost essential saving.

If you have 20 billion doing nothing, almost none of it is essential saving.

In an economic sense it doesn't make a difference if 1 person has $75B in savings/investments or 1M people $75K, so long as they're not consuming it because that $75B is what ultimately finances consumption and production. For example, diverting a wealthy investor's capital gains that would have been reinvested into the stock market instead into baby bonds for all won't cause much if any economic harm... so long as the recipients don't consume it without providing the economy anything of value in return. It's like a farmer having a surplus bushel of apples: if he goes on an apple eating binge, gives them away or lets them rot in lieu of giving them to someone in exchange for planting some apple trees, the economy will be worse off. Conversely, the economy will be better off if he does the latter despite his wealth (apple orchard) increasing and his initial wealth of (a bushel of apples) is still consumed.

In the market, offshore, under a mattress. I don't really know. But I know if it were in the economy we'd have massive inflation. It gets pumped in and poof, it's gone. I guess it inflates the stock market but that's about it.

Looks like the city workers got theirs already. They did not get enough, so Pelosi got to make sure we all go without cause poor city workers. What a joke. Vegas was already bailed out.

It may be a surprise to you that cities can’t function without their city workers. I don’t think Vegas could have opened casinos without its city workers.

Where should the money have gone in your opinion ?

In your uncles gold filled pool ?

We all know city workers are at the top of the economic pyramid just above Bezos, Buffett and Gates.

Goofy thinks he is posting something new.

Whatever, earlier in this thread I was told the cities needed this money to prevent layoffs, and low and behold, Vegas was already bailed out, and their budget shortfall was paid for by previous stimulus money.

You could respond to most posts in the Trump thread about him breaking the law or saying something idiotic (you know, the stuff you spend <10% of your posts defending) with "_____ thinks he is posting something new", doesn't mean they're not worth posting.

Yes, we already know Senate Republicans are to blame for no deal happening. Still worth posting updated evidence indicating this remains to be the case. Sorry that it makes you sad!

I, and people like me, could have had $1200 and $400/wk two months ago if Pelosi had said yes instead of demanding something she was never going to get, now I get zero. I don't care about your spin.

I can see why you're a GOP voter. You read political stories every day and even actively post on them in politics forums and still have no idea what's going on.

You're what they call an 'easy mark'.

As already noted, Pelosi allowed the first deal to go through without the needed aid to states and cities because you guys want to use this crisis to punish 'liberals'. She said at the time the state aid was coming. And now it's time.

It's her fault that McConnell is a liar.

lol lazy/takers.

Whatever, you can blame Republicans for not getting the city money. The fact remains, I'm ****ed out the $5K (and counting) they were offering back at the beginning of August that Pelosi held out for.



I call bullshit about cities not getting help in the first round. That is a lie. You want to talk about spin, you buy into Democrat spin:


Clark county has not spent all the money it has in the first stimulus they received.

City of Atlanta receives $88 million in federal CARES Act funding

Last time I checked people are paid salaries and wages on an ongoing basis and not just a lumpsum payment.

Or do you think city workers are slaves that you only need to pay for once?

Last time I checked people are paid salaries and wages on an ongoing basis and not just a lumpsum payment.

Or do you think you only need to pay for city workers once and you own them for life?