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Joe Biden's Continued use of "Consumer Spending" is the Right Economic Solution. - ThyBlackMan.com : ThyBlackMan.com - Vimarsana News

Joe Biden's Continued use of "Consumer Spending" is the Right Economic Solution. - ThyBlackMan.com : ThyBlackMan.com

( ThyBlackMan.com) The means, by which our economy can reach its potential of creating consistently over 200,000 jobs monthly, has to directly involve the consumer! The reason, for making this statement is relatively simple. The consumer makes up approximately 70% of our GDP (gross domestic product), which means Consumer Spendingis responsible for 70% of the jobs created in our economy. Joe Biden’s continued pragmatic, and fact-based approach to growing our economy will not fail, because it is data driven. Using factual information to rebuild the U.S. economy will make the Biden administra...

Trump, McConnell, Biden, Pelosi, and the $2,000 Consumer "Stimulus" Payout. : ThyBlackMan.com - Vimarsana News

Trump, McConnell, Biden, Pelosi, and the $2,000 Consumer "Stimulus" Payout. : ThyBlackMan.com

ThyBlackMan.com) It is important, how President Biden and his economic team define stimulus. It is a misnomer to call the entire economic relief package, such as the Cares Act, “stimulus legislation only,” because part of the funding within it was clearly used for relief, such as unemployment benefits, and aid for Americans in need of food. It is estimated, though, 160 million, stimulus checks were issued by the IRS, since the passage of the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, in March of 2020. An estimated $290 billion has been given directly to consumers...