How do you get people to turn off Netflix, put down the cheese doodles, get up off of the couch and go find meaningful work? Here’s how…
(by Half Dollar) Janet Yellen thinks the US could return to “full employment” next year!
Well, with stimulus, of course.
From CNBC (bold added for emphasis and commentary):
The U.S. could return to full employment in 2022 if President Joe Biden’s $1.9 trillion coronavirus rescue package is passed, Treasury Secretary Janet Yellen said on Sunday.
“There’s absolutely no reason why we should suffer through a long slow recovery,” Yellen said during an interview on CNN’s “State of the Union.” “I would expect that if this package is passed that we would get back to full employment next year.”
Because people who can’t get evicted or foreclosed on, who know the locations and distribution times of all the very best food banks, and who are
vacationing subsisting on supplemented, extended unemployment benefits, people who, by the way, just got some free money from Uncle Donnie back in January, are expecting fat, juicy tax returns from Uncle Sam this month, and are salivating at the thought of Uncle Joe’s first handout, are totally just going to take their cheeze doodle eating butts off of the couch and go find “meaningful” work instead of binge watching Netflix all because the latest round of stimulus passes?
Good luck with that.
Janet Yellen might be a PHD in Something, but is she really any match for somebody with a PHD in Welfare?
Half Dollar’s Note: I wrote a Midweek Market Update for the best online gold & silver bullion dealer today, and it may be of interest to Silver Bugs, Stackers and other Smart Investors.
Here’s how it starts out:
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