{"id":56450,"date":"2021-01-18T08:09:47","date_gmt":"2021-01-18T13:09:47","guid":{"rendered":"https:\/\/olduvai.ca\/?p=56450"},"modified":"2021-01-18T08:09:47","modified_gmt":"2021-01-18T13:09:47","slug":"the-next-wave-of-spending-will-not-bring-prosperity","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=56450","title":{"rendered":"The Next Wave Of Spending Will Not Bring Prosperity"},"content":{"rendered":"

The Next Wave Of Spending Will Not Bring Prosperity<\/a><\/h3>\n
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We Are Starting A New Series Of Mistakes<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The surprisingly bad job numbers recently released show America lost 140,000 jobs in December. A big part of the problem is that this is only one indicator of the carnage taking place in our economy. As small businesses close their doors forever, many of these jobs won’t be coming back.\u00a0This translates into far higher deficits going forward as many more Americans exit the workforce.<\/b> Adding to our dilemma is the answer to our problem being touted around includes giving substantial amounts of money to most Americans which reduces their incentive to get out and hustle to find work. This underlines the fact we should not confuse what some call “the latest economic rebound” with a “recovery.”After these numbers were released, Biden came out declaring his administration with its two newly elected Democrat Senators would hit the ground running.<\/p>\n

\u00a0\u201cThe price tag will be high,\u201d Biden said of his planned package in Wilmington, Delaware. He promised to lay out his proposals before taking office on Jan. 20,\u00a0<\/i><\/b>he also stated,\u00a0<\/span><\/em><\/strong>\u201cIt will be in the trillions of dollars.\u201d\u00a0<\/i><\/b><\/p>\n

The package Biden laid out only came in at 1.9 trillion dollars disappointing some of his followers. This is because it does not include a great deal of what he has promised. Missing were things like spending on infrastructure and forgiving student loans. This, however, is only the first of many packages that will be rolling through congress in an effort to halt the economy from unraveling. To see how devastating the pandemic and the lock-downs instituted to slow its advance have been on the economy we only need to look to cities such as New York where it has become obvious the effects will be long term. Recent revelations that many large and notable companies now intend to relocate to smaller cities in coming years will only exacerbate these problems.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Next Wave Of Spending Will Not Bring Prosperity We Are Starting A New Series Of Mistakes The surprisingly bad job numbers recently released show America lost 140,000 jobs in December. A big part of the problem is that this is only one indicator of the carnage taking place in our economy. As small businesses […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[27339,26559,1320,13127,827],"class_list":["post-56450","post","type-post","status-publish","format-standard","hentry","category-economics","tag-advancing-time-blog","tag-bruce-wilds","tag-joe-biden","tag-stimulus-spending","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56450"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56450\/revisions"}],"predecessor-version":[{"id":56451,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56450\/revisions\/56451"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}