I hate politics and don't want a debate but I have a question

My family is very, very Republican, and I remember right after Obama got elected they couldn't believe how dumb Obama was being by doing the stimulus packages to save all those businesses..
But now trump's sending everyone checks.
They love trump and everything that guy does is right to them, so they're all "oh yes. Trumps doing the right thing by sending ebetyone checks."
Isn't this basically the same damn thing as what Obama did? Except it's going to people instead of businesses.
Also, a aren't republicans the ones who like big businesses?
I'm confused.

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BlueVeins · 22-25

Your assessment is correct. I will say that the situation is a bit different in that Obama worked to regulate banks while Trump did the opposite, but the "bailouts" are essentially the same.

boklenholley7 · F

@BlueVeins what's the deal with regulating banks?

BlueVeins · 22-25

@boklenholley7 When banks are left to their own devices, they tend to use deposited money to make risky investments. These investment form financial bubbles, which are assets that grown in value for a time and then all collapse at once.

When the bubbles pop, the banks run out of money and if the government did nothing, many of them would close. And if the banks closed, then those who'd had deposits would lose their money, escalating the situation from a recession to a depression. So the government gives them loans and over the next several years, the banks pay off the loans.

Trouble is, the banks don't learn their lesson. They basically get no consequences for making shitty investments, so they make the same mistakes all over again. So governments like to flat-out ban banks from conducting certain risky business practices in order to subvert that problem.

boklenholley7 · F

@BlueVeins I guess I thought there were laws put in place to stop the bank from making those risky investments after the great depression?
This is all very interesting thank you xD

BlueVeins · 22-25

@boklenholley7 There were, I reckon. They got repealed in the latter half of the 20th century iirc.

boklenholley7 · F

@BlueVeins interesting thank you for answering my dumb questions! XD

BlueVeins · 22-25

@boklenholley7 smart questions, smarty