An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Tuesday, June 16, 2020
Sputnik — Trump Mulls Spending $1 Trillion on Infrastructure to Kick-Start US Economy
What the Obama administration should have demanded instead of a bank bailout and weak one-time stimulus (thanks largely to Larry Summers).
Timothy Taylor's argument that the U.S. infrastructure is in quite good shape - conversableeconomist.blogspot.com/2020/06/us-transportation-infrastructure-manage.html . If true, this looks like just another attempt by Trump to push more money into the stock market to buoy his reelection.
Remains to be seen if Trump will get this. Or, if he really wants it. Meanwhile, pretty much same as Obama. Some temporary increased unemployment benefits and a one-time check of $1200 to some people. But, trillions to the banks.
Timothy Taylor's argument that the U.S. infrastructure is in quite good shape - conversableeconomist.blogspot.com/2020/06/us-transportation-infrastructure-manage.html . If true, this looks like just another attempt by Trump to push more money into the stock market to buoy his reelection.
ReplyDeleteRemains to be seen if Trump will get this. Or, if he really wants it. Meanwhile, pretty much same as Obama. Some temporary increased unemployment benefits and a one-time check of $1200 to some people. But, trillions to the banks.
ReplyDelete