Quote (Budgeting @ May 28 2022 05:45am)
LMAO at the usual suspects not understanding how the basic economic cycle works.
Thinks creating jobs during a recession is easy because at the bottom? Shows a clear lack of any knowledge regarding anything related to the economic cycle.
During a recession there are consolidations and layoffs, businesses reduce redundancies. larger corporations with capital to spend buy up assets for cheaper which further leads to more consolidation and reduction in redundancies. those without access to capital are unable to invest more and take on more growth projects as the consumer demand is also not there creating a cycle of no new investment, corporate consolidation, layoffs, and reduced demand. access to liquidity is tightened and people spend less.
gov interjection and spending will only save the few, as we saw with drump's covid response, the PPP loan program was riddled with fraud with the majority of it going to his donors/those who did not need whereas small businesses were rekt.
in canada, you saw similar reaction when big box stores were allowed to stay open (those who could afford to put the safety measures required in place would do so as well) but most small businesses were unable to afford it.
the fact that the usual idiots in this sf are commenting that biden caused inflation, shortages, and his job recovery was easy need to flush their heads down toilets. what a waste of a human brain.
HAW HAW HAW HAW HAW
cram ev1 in the same place is safety measure
HAW HAW HAW HAW
give your own self a swirly