Who spent 2.1 trillion?
All the multinational corporate who exploited PPP loans and then fired all their staff. You know… the important people. /s
There are also the legitimate use cases that went to corporations, exactly as Trump intended. The eligible businesses were required to have fewer than 500 employees…per location.
LISTEN I REALLY LIKE AVOCADO TOAST OK??
I think the idea is that “the people” did, 500 or 1000 at a time.
Sorry what? People SAVED during the pandemic! Who are these people?
Mostly high earners / high spenders who suddenly had nowhere to spend all their money.
Also some extremely low earners who got elevated unemployment for a while.
And PPP grifters.
We did. My wife and I both worked 6-7 days for over a year, only got one week off during the lockdown. Plus stimulus. We hadn’t had $2k to our name in a decade and then we had $20k. Thought maybe we could finally afford to go to the dentist. Ended up with $50k in home repair bills though. Still haven’t been to the dentist.
Go to the dentist. It’s cheaper than not going. It’s only twice a year.
Skip a luxury or two. Do some GrubHub or Uber for a few days if you need to. The dentist is more important than most doctor appointments, unless you have a chronic condition.
Dude when you haven’t gone in 20 years that bill is like $15k. Each. No luxuries to skip, we both already work 60 hrs.
At least get a cleaning for a few hundred bucks, opt for x-rays, then discuss what your options are for restorative work. Finding abscesses and getting screened for oral cancer is important to your overall health.
A man can dream
If you’re wealthy and all your money is in assets, investments, residential real estate, etc and not income then your wealth significantly increased while everyone else’s decreased.
There’s a bubble.
lol. When I read “American”, my brain made me see someone holding a gun into his wallet, because I could only see a small preview picture of the link…
We’re holding them to our heads instead. In increasing numbers.
Also, you know what helps drive that? If you guessed easily-available guns, you would be correct!
Nothing is more American than money and murder machines.
Joke’s on you asshole, I still have a trillion left!
Housing market collapse?
I thought for sure the housing market would implode after the moratorium for evictions during COVID expired.
I was wrong. Corporations just own too much real estate for something like that to make a dent.
Yeah it’s nuts. And nobody talking about laws to prevent stuff like this.
People spending all their savings is a consumer confidence indicator. Almost never a recession indicator
But if they’ve spent all their savings they might not have money for things like a mortgage going forward
Unemployment is still very low, there’s likely not enough people in that kind of situation to have a significant impact on the housing market.
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