Tuesday, January 19, 2021

Is The U.S. Economy About To Boom In 2021?

WNU Editor: According to this AP columnist, he is predicting that the US economy is going to boom because of President Biden and his policies .... Biden’s test: Engineering economic boom in a partisan divide (Josh Boak, AP). 

What's my take. 

Helicopter money from government will always initiate a boom in the beginning, but in the end it does not create wealth or prosperity. 

I am old enough to have seen this act play out many times in many countries, and it never works. 

But according to the AP and Biden's economic team, the reason why such measures did not work in the past was because it was too little too late. No problem this time around, we are going to do everything double/triple/etc. than what it was before. And it is going to work. 

Sigh .... 

Here is an easy prediction. 

This is not going to end well.

12 comments:

Jac said...

WNU,
I agree and it will be worse with the "Biden economy" against the business.

RussInSoCal said...

If the policy were to inject cash into the long lost M1 (which is now conveniently obsolete), you could make a case that the PPP payments and massive Covid relief funding could possibly jump-start or at the very least re-enter the US economy.

But the Biden strategy doesn't put money into people's hands. It directs trillions to deep Blue urban centers to restore their public pensions, buttress the high salaries of favored autocrats and fund ridiculous foreign aid schemes. All while claiming to supposedly rebuild the districts burned and looted by BLM and antifa mobs.

Biden intends to dump trillions into the bureaucratic black hole of leftist fiefdoms and the porcine whims of Dem apparatchiks - where the money will simply disappear. Benefiting no one/nothing except the machine that created the mess in the first place.


READ,
BAIL,
OUT,

R,

Anonymous said...

WE SIMPLY DO NOT KNOW BUT BIG MOPUJTHS HERE DEFENDING FAILED TGRUMP ECONOMY FOAM WITH THEIR STUPID HATE.
WHERE IS THE PROMISED WALL THAT MEXICO WILL PAYH FOR/
WHERE IS THE HEALTH CARTE PLAN THAT FOR 4 YEARS WE WERE PROMISED BY FAILED TRUMP...TWO BIG LIES AMONG A SHITLOAD OF THEM

AZuLike said...

It will boom for sure kaboom.

Anonymous said...

prepare to eat of a garbage can with CNN announcing how great we have thanks to "the leader biden".

Anonymous said...

Come on Clerky, make some sense and improve your spelling!!!! Obey!!!!! Hahahahaha!

Anonymous said...

What Democrats and the leftist woke cult don't understand is WHY people are attracted to the USA and do business there. Myself? I'm moving my company now from Delaware back to UK. THIS is their fault. And I think a lot of small to medium sized companies will do the same ...the Democrats are destroying America and anything it stood for at rapid speed ...and I'm out.

Anonymous said...

Fred, the English prof, has a degree, so he has care blanche to misspell.

Anonymous said...

ALL ROADS LEAD to PUTIN


"Hillary Clinton suggested that President Trump conspired with Vladimir Putin during the Capitol Riot in a podcast interview with Speaker Pelosi."

Hillary:

“I would love to see his phone records, to see whether he was talking to Putin the day that the insurgents invaded our capitol. But we all know that not just him, but his enablers, his accomplices, his cult members, have the same disregard for democracy.”

“Do you think we need a 9/11 type commission to investigate and report everything that they can pull together and explain what happened?”

Pelosi:
“I do. To your point who is he beholden to — as I’ve said over and over…as I pointed to him, with you Mr. President, all roads lead to Putin.


Fact Check: Sleepwalker will sworn in as president tomorrow.

Before and after his virtual speech (i.e. reading of TOTUS), he will be the phone with his puppet master Barack Obama.

I ask again. Do the Russians want to be across the negotiating table with these incompetent people, who have nukes?

Sure these people will screw things up, make America weaker, and make things very easy for Russians tactically. But in the meantime and all during their misrule these sons of error and folly have the potential to sleep walk into a general war or a nuke exchange.

Sundown on the American political scene lead by Mr. Sundowner himself.

The sun sets on America.

Anonymous said...

Correction "carte blanche"

Anonymous said...

It'll be an boom for awhile. But the debt bomb is coming in for a landing and shit will hit the fan within a year. Start toremove your pawns off the board.

When it hits it will hit fast and the market drop will be very severe.

I really pray it happens the late summer prior to the 2022 election so we can kick Pelosi, Schumer and her communists out of power.

Country needs an economic disaster to right the ship.

kidd said...

big war coming around hell on earth