|
|
|
|
|
by georgeecollins
1944 days ago
|
|
I think the stats for COVID site are very misleading, particularly when you compare them to defense spending. The majority of "COVID bailout" according to that website is "Federal Reserve Actions"-- just the vagueness of that statement should give you pause. I am not saying Federal Reserve actions don't have a cost, but comparing that to defense spending is apples to oranges. The federal reserve buys securities and created SPVs. You could say that is a cost but by some measures the money the Federal Reserve "spent" made money in the 2009 crises. If that were true this time your cost per tax payer is way, way off. Or to put it in more plain language, you are comparing the cost to tax payers if the US government bought $60,000 of Lockheed martin stock as opposed to paying Lockheed Martin $15,000 for a fighter that doesn't seem to work well. It's more complicated than that even, but still it is a terrible and biased comparison that you are making. |
|