RSS
 

Economics-C-D

13 Dec

President Trump issued a lockdown to control the spread of Covid until they could find a way to curb it at the advice of his advisors who we now know had a hidden agenda. They gave him bad advice to foster dependency. He then issued a stimulus check to help those laid off by the Covid epidemic. It was ill-conceived because it went to everyone under a certain income. Many people in essential services like health care were still working and didn’t need extra help. However something had to be done quickly with no time to work out details so it was probably the only way to do it at the time. However, President Biden continued the lockdown after it was no longer necessary and continued the stimulus checks.  It would only serve to buy votes, bankrupt the economy, discourage people from working, and train people to be dependent on the government. There was plenty of time to work out the details and checks should have been tailored to need. Many people were still working and didn’t need extra help. Many couples whose spouse had died during the year still got a check for each. He then continued stimulus checks after the lockdown was lifted and many had the opportunity to go back to work. President Biden also increased unemployment benefits, so many people went on unemployment because they could make more on unemployment than they were working. They actually were better off and didn’t need extra help. Many of those getting unemployment were making two to three times what they would make if they were working so they didn’t want to go back to work. Due to the bonus for those on unemployment during Covid, a lot of the money for small business loans went unused because the employees didn’t want to work because they made more on unemployment benefits. The ones needing help were the ones who were still fighting to get unemployment. Some had been fighting for over a month to get unemployment and the system was so tied up they couldn’t get help yet. Since unemployment, once received, is backdated to the time of eligibility, there is no reason that any help given couldn’t be deducted from their unemployment back-payment, once they receive it. Covid is now history but the Democrats tried to hold up renewing the budget because they wanted to continue the subsidies to insurance companies started to help them during Covid. In addition, the subsidies went to the companies to keep them afloat nut instead of going to the people. If they would have gone to the people, the people could have paid their insurance premiums and it would help the companies as well. Since it went to the companies, it left the people still dependent on government help. President Biden and other Democrats have shown strong support for  creating socialist dependency on government. America became strong as it fed on people’s desire to better themselves, while socialism is self-destructive because it destroys people’s desire to work. The economy can not get back on its feet if people don’t want to work because they can make more money on welfare. Extending the bonus and giving out more stimulus checks only prolonged the economic crisis.

 

 

Tags: ,

Leave a Reply

You must be logged in to post a comment.