Mac1958
Diamond Member
Biden did not add $11 trillion.It seems to me if you are right, they had no need to hear you given you said they agree you are right. Sort of like we all have watches set precisely and I say it is 1 pm and all agree. They already have watches and I gave no new input.
My problem, and please clear it up, I posted figures saying 2.3 Trillion went into the economy yet per you Biden pumped in 11 trillion. We have a problem Houston.
That was the amount the Fed injected into the system between 2009 and 2020. $9 trillion was quantitative easing, $2 trillion was to grease short term credit markets. The whole time, we knew it was inflationary, but given the damage done to the system by the Meltdown, it essentially had to be done. At least most of it.