What the $2 Trillion Stimulus Means for You
The stimulus package during the 2008 housing crisis totaled around $1 trillion. The Fed also added around $700 billion as part of QE1.
At the time, it was unheard of for the government to spend that much. My, how times have changed.
Today, the White House and Senate announced that they have agreed to a $2 trillion emergency bill, to go with an expected $4 trillion in lending power by the Fed.
You shouldn’t be surprised that bailing out one industry 12 years ago led to numerous industries begging for handouts today.
When you reward bad behavior, you get more of it.