Quote:
Originally Posted by Chazno
If this is the case, why is the media trying to say that the government giving stimulus checks to the US consumer is the cause of all this? Isn't that one of the ways they got this money?
|
They poured gas on the fire.
If not for Joe Manchin, we would be at 15-20% inflation based on the stupid idea to hand out MORE than the $5 trillion they did.
It was an incredibly foolish decision at the same time the Fed was helping to feed liquidity.
Yes, it jacked up inflation GREATER but it was far from the only factor.