Who Benefits Most from Biden’s Stimulus? (It’s Not Who You Think…)

via foxbusiness:

Fox Business Network host Larry Kudlow warned Monday of the unintended consequences of stimulus payments and high government spending.

KUDLOW: These big stimulus packages passed last December and January are, in fact, temporarily helping the economy to rise up, and we are seeing it in the first quarter. But here’s something that I don’t like, and I have to credit my good friend DJ Nordquist. She was our World Bank executive director, former CEA [Council of Economic Advisers] staff director. She sent a memo to Kevin Hassett, Larry Lindsey, and myself to show that unfortunately these “stimmies” are actually stimulating China as much or more than the U.S.

READ  Stephen Moore: Why Did Biden Census Bureau Add 2.5 Million More Residents to Blue-State Population Count?
READ  Biden admin is considering using outside firms to track extremist chatter by Americans online

China’s GDP [went] up 18% in Q1, led by exports rising 38%, those are exports to the U.S. It’s a new record. Meanwhile, US retail sales jumped 14% in the first quarter. 

 

901 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.