New York Times: Democrats Spent $2 Trillion To Save The Economy. They Don’t Want To Talk About It

Kyle Kulinksi wanted to spend like $10 trillion.

I remember the happy talk on Breaking Points in early 2021. Joe Biden was getting “shots in arms” ahead of Hot Vax Summer. Inflation was due to lingering global supply chain issues which would shortly resolve. The economy was going to be roaring by the fall and lift Democrats in the midterms.

New York Times:

“In the midst of a critical runoff campaign that would determine control of the Senate, the Rev. Raphael Warnock promised Georgia voters that, if elected, he would help President-elect Biden send checks to people digging out of the pandemic recession.

Mr. Warnock won. Democrats delivered payments of up to $1,400 per person.

But this year, as Mr. Warnock is locked in a tight re-election campaign, he barely talks about those checks. …”

For the record, I supported the $1,400 checks. I was so furious with the deficit hawks at the time that I even endorsed Warnock and Ossoff and hoped Democrats would take the Senate.

I remember saying at the time that I was worried that spending all of this money WITHOUT RAISING TAXES would just ignite inflation and exacerbate class divisions instead of redistributing wealth from those who have too much to those who have too little. In the end, Democrats had the votes to spend the money, but didn’t have the votes to raise taxes to pay for it, which is what brought us to where we are today. Democrats are incapable of taxing their affluent PMC base which controls the party.

Ron Johnson and the deficit hawks were right to object to excessive COVID spending. If I could do it all over again, I would have rather gotten nothing from Joe Biden than to have spent the last two years giving it all back and then some through inflation and high gas prices.


  1. The reasons for inflation are well beyond just being $1,400 checks to a couple hundred million people.

    They’ve been dumping trillions in cheap cash on corporations to buyback their stock at good prices from other investors who then spend some of that windfall into the economy, driving inflation.

    They’ve chronically neglected our energy investment so that in this environment of artificial scarcity prices skyrocket, i.e. inflation.

    They’ve dumped trillions into the MIC driving inflation.

    Cut the corporate tax rate under Trump.

    Over the last half decade they’ve done so many dumb things I really don’t place the blame on you for wanting a $1,400 check cause at least we got a taste.

    This catastrophe has been a long time coming.

  2. Sherrod Brown former conservative southern Demmocrat, turned Charlie Schumer ass licker, could only mumble something about climate deniers, and election deniers, and Tim Ryan will work for working people in Ohio. When interviewed by Ali “prok chop” Velshi this morning on MSNBC.

    I can’t blame Sherrod for being on the verge of cracking up, particularly when you have Tom Conway writing editorials for the Communist Party weekly newspaper.

    Although, he’s still funny when defending Biden and Pelosi, he mentions MLK, and “Pope the 13th”. LOL.

  3. The System’s response to the COVID scamdemic was all wrong. And Trump is as much to blame for that as Biden.

    • The covid pharmaceutical companies that invented an untested “vaccine” on the easily manipulated made a fortune off the death and sickness of the individuals that took it.

  4. “Democrats Spent $2 Trillion To Save The Economy. ”

    I do not think that the Democrats are serious about ‘saving’ anything, but, tearing down everything and everyone that does not exactly match what they currently intend, which, of course, means that they are destructive to everything and everyone not quite them.

    The same illness that struck Russia a century ago, and then China a few decades later, is here and it’s a very serious thing.

  5. The stimulus cheques that started with Donald Trump were and are historically important, as they demonstrated that the money CAN be given direct to the people, it is not unthinkable or impossible. It was one of Trump’s finest moments, and it was nasty of them to cheat Trump out of giving out a second, 2k cheque before the election.

    Biden just played the same game by announcing the 8.7% bump in social security payments starting in January, to harvest those boomer votes.

    Inflation is now 100% in the establishment plan regardless, and the Trump-initiated cheques were trivial, relatively speaking. There is a good interview with investment sage Russell Napier published today, explaining why Western governments are intentionally stoking inflation now, and why we will be in that mode for a long time.

    National debts are super-huge, enormous, ‘scary’, but actually this has happened before – after World War 2, and after the Napoleonic Wars. The way to ‘handle’ seemingly unpayable debt, in those cases as today, is via inflation over a long time frame, next 10-15 years … GDP floats up enough that the relative percentage of debt goes down.

    The key to doing this successfully is not full Zimbabwe or Weimar, but inflation overall under 10% over the long term, something manageable and short of forcing pitchfork revolution. This is joined with ‘financial repression’, government controlling the bond market to keep rates low, forcing banks and pension etc funds to hold bonds, etc. Cash savers get slowly cheated but that’s how it often is.

    The scheme now is government ‘running almost everything’, it is already happening, government even forcing banks to lend, govt picking what industries to support. For some years, this can keep the job machine going whilst the debt percentage of gdp slowly winds down.

    Back in relevance – 1970s TV clip from Saturday Night Live, Dan Ackroyd immitating then-President Jimmy Carter, telling us from the Oval Office that, ‘Inflation is our friend’ –

    “… Everyone will feel like a bigshot. Wouldn’t you like to own a $4,000 suit, and smoke a $75 cigar, drive a $600,000 car? I know I would! … I can just call up the Bureau of Engraving and say, ‘Hi! This is Jimmy. Roll out some of them twenties!”

  6. Comrades such as the CPUSA always hate the middle class because that is where the counter revolution comes from.
    No CBDC Great Reset Leap Forward without the 1929 style wipeout and WWIII humiliating loss for the FUSA.

  7. Those CBS graphs made me smile. Things change. I remember my dad telling me “with Democrats you get wars and good times while with Republicans you get peace and bad times.” Of course, he was coming from Hoover and FDR. LOL.

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