The government stimulus part of your thesis makes sense but to get this through requires Congressional approval which is the opposing party. What incentive do they have to pass it? I remember in a previous post, you mention that government will only act if we get a financial crisis. Has your view changed?
Yes, I think they are now scared to not pass it. I have always believed that this is a humanitarian crisis - not a banking crisis. They SHOULD pass it. I only worried they wouldn't. Sorry if that wasn't clear. (I worry about a lot of things. )
The government stimulus part of your thesis makes sense but to get this through requires Congressional approval which is the opposing party. What incentive do they have to pass it? I remember in a previous post, you mention that government will only act if we get a financial crisis. Has your view changed?
Yes, I think they are now scared to not pass it. I have always believed that this is a humanitarian crisis - not a banking crisis. They SHOULD pass it. I only worried they wouldn't. Sorry if that wasn't clear. (I worry about a lot of things. )