Quote:
Originally Posted by Bobo Fett
Thinking purely from a political standpoint, I can't help but wonder if it's better for the Democrats in the Senate races if this fails. If it passes, Trump and the Republicans will of course take credit. If it were to fail, I believe it would have to hurt them.
Well, I see his point - who wants to see economic stimulus funds used to stimulate the economy?
The lump sum, broadly administered payments seem to get all the attention, but it's mostly political theater. Whatever is decided on unemployment insurance is far more important. Poverty rates have actually gone
down during the pandemic and not because of a one time payment of 600.
I think the big takeaway from all this is that one of the lowest hanging fruits in the social safety net is to make unemployment more widely available and generous at all times. Even with enhanced benefits, the job market recovered quickly so all the republican talking points about people choosing unemployment over working are simply false in the phase space we are currently in.
Last edited by ecriture d'adulte; 12-29-2020 at 02:54 PM.