Drop in the bucket compared to bailouts to banks in 2008, and the Trump tax cuts for the wealthy. Isn’t it odd how people obsess over a stimulus check to people, but don’t care at all about tax cuts and subsidies for the wealthy?
These “bailouts” were repaired by the entities the survived the crisis. General Motors may have been the only one that had something forgiven but I think it had to do with unions
I agree with your China assessment for the most part.
Are you really saying that driving by yourself in an SUV instead of taking the bus isn’t a luxury?
That is not at all what I’m saying. Modern economics and civilization is based on oil. The best way to visualize it is by zooming out from your bus, from your city and see everything is interconnected because of oil. Oil economics directly correlates to macroeconomics.
These “bailouts” were repaired by the entities the survived the crisis. General Motors may have been the only one that had something forgiven but I think it had to do with unions
I agree with your China assessment for the most part.
That is not at all what I’m saying. Modern economics and civilization is based on oil. The best way to visualize it is by zooming out from your bus, from your city and see everything is interconnected because of oil. Oil economics directly correlates to macroeconomics.