The narrative I heard this morning about how Americans of moderately high income did not need rescue/relief. Perhaps so, but top down high income persons did not need Trump tax cuts and even worse they were not going to spend it. Nor was corporate welfare going to do the middle class much good.
The upper income limit of who to "save" was probably a political calculation to gain/maintain support for the broader proposal. Stop with the disingenuous narratives.
The rescue/relief money will be spent and multiplied several fold. So you get a good stimulus boost as another benefit to the rescue/relief.
2/5/2021
The rumblings of pushing the above narrative continues. Rattner's data is so aggregated so as to question whether it should just be ignored. We need more light! If more details within the income groups complimented with data about age cohorts, and say the how debt pay downs are distributed we could be more comfortable in acting. Without details everyone should be forced to admit the conclusions they draw are guesses and subject to their own "confirmatory bias" or worse their own "moral conviction".
We need more light!
Steve #Rattner on #MorningJoe on #Biden $1.9 Trillion - $2000 Check to #Rescue/Relief of Families and People #Stimulus side benefit #ConfirmatoryBias #MoralConviction "bias"
Steve #Rattner on #MorningJoe on #Biden $1.9 Trillion - $2000 Check to #Rescue/Relief of Families and People #Stimulus side benefit. Upd 2021.02.05 -- we need more light!
Steve #Rattner on #MorningJoe on #Biden $1.9 Trillion - $2000 Check to #Rescue/Relief of Families and People #Stimulus side benefit. Upd 2021.02.05 -- we need more light! Do this wrong and there won't be millions of grandchildren!
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