Larry Summers, the former US treasury secretary who has reportedly advised President-elect Joe Biden, thinks $2,000 stimulus checks would be a “pretty serious mistake” that could overheat the US economy. . . .
He said he was “not even sure I’m so enthusiastic about the $600 checks,” let alone $2,000 ones.
And the socialists:
On Tuesday morning, David Perdue and Kelly Loeffler, two Georgia Republican senators facing difficult run-off races next week that could determine control of the upper chamber, backed Mr Trump’s push for $2,000 payments, squeezing Mr McConnell further on the issue.
Mr Perdue said in a tweet: “@realdonaldtrump is right — I support this push for $2,000 in direct relief for the American people.”
When asked if she supported the $2,000 payments, Ms Loeffler told Fox News: “I’ve stood by the president 100 per cent of the time. I’m proud to do that. And I’ve said absolutely, we need to get relief to Americans now and I will support that.”
Rep. Alexandria Ocasio-Cortez of New York clapped back at a GOP congressman who opposed direct payments of $2,000 in coronavirus relief to most Americans, parodying his reason for opposing them.
The new face of the Republican Party:
I don’t think $2000/person will overheat the economy, but it’s a waste of money and hence I’m with conservatives like Larry Summers.
PS. China spent a trillion dollars and got a brand new 36,000km high speed rail network. We’ll give people a trillion dollars that they’ll spend on stuff made in China, delivered by Amazon. To each their own.