Yeah, i get that's what's being said, but why? Why did they think it would work? What hasn't? What would have worked? What would have happened if we let nature take its course? What's going to happen next? Yeah, it looks like a band aid on a severed leg.
Why hasn't it worked? Because math works the same at your house as it does anywhere else...spending and debt work the same on a personal scale as they do in Washington...you can't spend your way out of debt.
What should have been done? Let the market function naturally. Sure, there will always be highs and lows but when you cripple the people with more cost you only inflate those low points.
Lets look at our own history, when was our economy strongest? Our economy has always been at its strongest levels when taxes were low and when government spending was kept to a minimum...why does this admin think things all of the sudden work differently? We've watched as Europe has been hit hard from this behavior and now even they are begging this admin to stop.
What will happen next? Well, they're already monetizing the debt, that's broken promise 942, they just dumped another big stim bill on us because the other worked so well, so I would imagine they'll just keep doing what they're doing and driving us straight into the ground.