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by cameronbrown 2243 days ago
Boeing is affected by consumer spending just as much as every company in existence.

> reinvest it into the most productive and critical aspects of the economy

How? People, really, really, really, want to go out and spend money right now, but it's impossible because everything is shut.

1 comments

What do you mean? Everything is available online and can be delivered to your door. About the only thing I don't have access to is little boutique shops. I can even get weed delivered via app.

That being said, I don't think anyone is looking to spend money with unemployment at 20%. People are using their stimulus checks to pay down debt and buy diapers. Belts are being tightened. Rent is not being paid. None of this is a recipe for consumer spending without a sustained injection of cash. $1200 buys three weeks rent in a 1 bedroom apartment in LA county.

> About the only thing I don't have access to is little boutique shops. I can even get weed delivered via app.

If that's the case then you're living in the 1% (0.1%?) of places where this is available.

> None of this is a recipe for consumer spending without a sustained injection of cash.

A sustained injection of cash means nothing if it's just paper money without anything backing it. If people aren't out, you know, creating things to sell, then a continuously pumping out money means rampant inflation.