American Enterprise Institute on Nostr: Democrats’ Automatic Stimulus Proposals Undermine the Administration’s ...

Democrats’ Automatic Stimulus Proposals Undermine the Administration’s “Strongest Economy” Claims
==========

The US unemployment rate increased to 4.3 percent in July, suggesting a possible recession; Democratic bills propose automatic stimulus benefits triggered by current unemployment conditions; The Sahm rule, which signals the start of a recession, reached 0.53 in July, surpassing the 0.50 threshold; Sahm herself doubts that the US is in a recession; Liberal proposals advocate for automatic stimulus checks, enhanced infrastructure spending, and food stamp benefit increases when the Sahm rule threshold is reached; Democratic lawmakers have introduced bills automating federal funding for tuition-free education based on the Sahm rule; The political left aims to automate expensive benefits that were previously enacted through temporary stimulus laws; The contradiction between Democrats' claims of having the strongest economy and their proposals for immediate federal stimulus benefits raises questions about the state of the US economy.

#DemocraticParty #JoeBiden #KamalaHarris #Recession #Unemployment #UsEconomy

https://www.aei.org/center-on-opportunity-and-social-mobility/democrats-automatic-stimulus-proposals-undermine-the-administrations-strongest-economy-claims/