Which would have been better for the US Economy?

The United States allocated $484 billion for PPP loans. These loans would be given to business owners and if they played the rules correctly... would not have to be paid back.

There were (roughly) 113 million taxpayers in 2019. If we would have given the 2019 taxpayers an even cut of the $484 billion... they would have received $3000 in 2020.

Do you think that would have been better or worse for the economy?

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Picklebobble2 · 56-60, M

Money to businesses doesn’t work unless you attach conditions.
See current deficit for details.

No point in giving ‘stimulus payments’ ad hoc when you’ve spent twenty years deliberately creating a ‘minimum wage economy’.
In pandering to business all you’ve created is a generation of permanently poor.

As a result of that you’ve effectively killed the housing market. Because the next generation will never be able to afford to buy.

There seriously is nothing sadder than watching populist leaders elected to govern. Because they can’t !
Another lesson one hopes political parties will finally learn.

SW-User

@Picklebobble2 Unfortunately, the populist leader found a foothold because the government/political parties weren't doing the jobs they were elected to do. This is now beyond any party's ability to control. Once Pandora's box has been opened, it's very difficult to shut and latch it.

Picklebobble2 · 56-60, M

@SW-User Yep ! The last generation of politicians were awful and the current bunch are no better