US Financial Stimulus for Citizens

Sounds a bit political to me. 🤔

I can see that the spending boost will benefit the US economy

I can see it being used mainly to repay personal debt

TW, your response reminds me of my History Teacher's comment to the pupil who sat next to me, Dave Smith, and his answer to one 'O' Level question:

'Smith, when the Examiner set the question 'Do you think that Germany was to blame for the start of the Second World War?', he was looking for a more developed answer than 'Yes' ...

The teacher concerned was Joseph T Greaney, but, given that the exam in question took place in 1970, I suspect that he has long since achieved the status of 'biodegradable' ... But, he was a great teacher, and not a half bad Rugby coach ...

Nostalgia is not what it used to be ...

Steve

It is what it is, Steve.

2 Professors from University of California, Berkeley, have written an article on the financial stimulus within the last 25 minutes or so. They are arguing for the funds to be used by Governments [UK & US] to provide higher employee wages whilst they are laid off or ill with the virus, whilst employers are given loans/grants to help meet operating costs until the employees, consumer confidence and the respective economies recover and life gets back to normal.

https://www.theguardian.com/commentisfree/2020/mar/17/governments-crisis-coronavirus-business

Steve

If such an idea is implemented in the UK ,should have the stipulation can only be used to pay essential bills & commodities 

Would also limit payments to  households or family that  receives  income, from all sources, below the national average earnings  

It is political. I feel very sorry for a lot of Americans, for a number of reasons.

Your claiming Corona virus is republican 

It's not a political decision; it is an economics decision, made on the direction of the President, and is designed to boost economic activity in order to limit the Coronavirus associated damage to the US Economy.

The 'cash injection' is based on saving jobs, GDP, essential services and overall wealth which is why it's going to be a huge amount of borrowing, tipped to be more than the equivalent during the 2008 Financial Crisis. Too little will not reassure the markets ...

Demand for US Dollars has risen significantly today, whilst Sterling has tumbled against both the Dollar and the Euro, the value against the former at its lowest for almost 35 years. This has been attributed, in part, to the UK's financial support for its economy not to have been brave enough in its 'bold initiative'.

Steve