Topic: Majority of Americans Back New Stimulus Checks To Combat Inflation (Read 121 times)

Yeah right, most "Americans" or rather those who answer that survey, want to be given money for doing nothing. Surprise! If you give me money for doing nothing I'll take it too.

But then those people I do not want to hear them complaining about inflation, as in the end all these measures of public spending what they do is that prices rise more and more, and the purchasing power ends up staying the same or worse than before showering people with that money.

Do you really expect Americans to understand about economy? This is the same nation that pays more for insurance than they would pay as a tax, and still not get free healthcare.

Calculate it and you would be laughing out a lot, they are paying insurance +hospital bills that amount to maybe double the cost of what the tax would be, and they are calculating the tax from the current prices instead of lowering it because it would be just one buyer (the government) so it would be even cheaper, and they yet still do not go with healthcare because "I rather pay more for myself than let others get free healthcare!!!!", it’s America, they are not really that smart. Don't expect too much from them.

This is really hilarious. So they believe that printing out even more money will combat inflation? The funny thing about stimulus is that only a small fraction of the money actually ends up with the common people.

Scammers will celebrate on hearing this sort of news, more stimulus checks mean more money they can divert by impersonation and stealing the identities of citizens entitled to such benefits to apply for the stimulus packages. To really ensure that Americans get this stimulus checks to assist in this inflation, the authorities will have to do a better job in increasing security and ensuring the process is not easy for scammers to infiltrate.

This is really hilarious. So they believe that printing out even more money will combat inflation? The funny thing about stimulus is that only a small fraction of the money actually ends up with the common people. The vast majority of it is earmarked for various unions (especially the left-leaning ones), who have an aversion to hard-work and an addiction for free money. Within the next 12 hours or so, the midterm elections will be over in the United States. Biden can do whatever he want, without worrying about any electoral setbacks.

The funny thing about stimulus is that only a small fraction of the money actually ends up with the common people.

Really? Never thought that! 
If you were asking me out of the blue I could have sworn that there is no day in which you find a problem and you find the solution with crypto 

certainly someone out there must have a good idea of how to address reduction of consumer buying power in relation to rising inflation.

Do the majority of people support additional stimulus checks btw. I always have to ask. Its difficult to tell where public opinion stands.

It has been longer than 24 hours since I proposed crypto having the potential to solve everything ranging from inflation to indigestion.

I'm long overdue for crypto being used to fill gaps in income which are traditionally filled by stimulus checks. How might it work. We already have crypto alternatives to UBI which could be applied to stimulus programs. Concepts of free money and free value being so extremely popular in this day and age.

Well if the poll asks people if they want free money, should we really be surprised at the results?

A majority of Americans support the idea of new stimulus checks to combat inflation, according to a poll conducted exclusively for Newsweek.

The survey found 63 percent of respondents said they agree—with 42 percent saying they "strongly agree"—when asked if the federal government should issue new stimulus checks to tackle inflation.

Eighteen percent of respondents disagreed, while 15 percent said they neither agree nor disagree. Three percent said they do not know in response to the question.

The poll, conducted by Redfield & Wilton Strategies between October 23 and 24, surveyed 1,500 eligible voters in the U.S.

Inflation and economic concerns have been key issues for Americans as they begin voting in midterm elections, where Democrats' control of Congress is at stake.

Inflation reached a higher than expected rate of 8.2 percent in September, and Republicans have heaped blame on President Joe Biden and congressional Democrats for the skyrocketing prices that American households across the country are grappling with.

Democrats got a boost earlier this week as the economy grew at a 2.6 percent annual rate from July through September, giving the Federal Reserve room to continue aggressively raising borrowing costs to combat inflation.

Federal Reserve Chair Jerome Powell warned in August that the Fed's hikes will bring "pain" to households and businesses, but said "a failure to restore price stability would mean far greater pain."

And while some states have been sending out direct payments to help struggling Americans, economists have argued that stimulus checks could make inflation worse rather than better.

"In this economic environment, stimulus checks cause inflation, they do not reduce it," Diana Furchtgott-Roth, a scholar at The Heritage Foundation and former chief economist for the Department of Labor, told Newsweek.

"This is because America has 10 million job openings that need to be filled. This drives up the cost of labor as employers compete for workers. It makes goods more expensive because firms are producing less than they prefer. It makes services more expensive because service-providing organizations, such as restaurants, hotels and airline companies cannot provide all the services that consumers demand."

Furchtgott-Roth said prior stimulus payments had "encouraged people to stay home and reduced their incentive to take a job."

"The labor force participation rate is about one percentage point below its pre-pandemic level because more people are staying home," she said.

"America already has 3 to 4 million people fewer working than would be the case if it had the same labor force participation rate as in January 2020. The last thing that America needs as Chairman Powell tries to fight inflation is more stimulus payments."



https://www.newsweek.com/majority-americans-back-stimulus-checks-inflation-poll-1755636