It seems people don't realize how much $6T is and the effects of that kind of money being injected into the economy. Consider the 2008 housing bubble and financial crisis which was ultimately corrected with two stimulus packages totaling less than $2T...that money turned the economy around, put the economy into the longest bull market in history, resulting in a record stock market and corporate profits.
Now its not to make this sound good, the 2008 crisis had real victims, millions lost jobs, never returned to the workforce and became homeless...but with the stimulus money in play those people were systematically swept under a rug and hidden from public. This was done through cooking the unemployment books (basically if you exhausted your unemployment benefits, the government no longer counts you as unemployed but removes you from the job market on the basis that you will likely not become employed again).
$6T is over 3x the 2008 stimulus packages and it will be spread to an even smaller group of people and a much more significant number of people will become unemployed (already over 20M) and they to will be swept under a rug in time and disappear from economic data when they exhaust their unemployment benefits...the rich will become richer and the government will go on to brag about the drastically falling unemployment numbers.
Now its not to make this sound good, the 2008 crisis had real victims, millions lost jobs, never returned to the workforce and became homeless...but with the stimulus money in play those people were systematically swept under a rug and hidden from public. This was done through cooking the unemployment books (basically if you exhausted your unemployment benefits, the government no longer counts you as unemployed but removes you from the job market on the basis that you will likely not become employed again).
$6T is over 3x the 2008 stimulus packages and it will be spread to an even smaller group of people and a much more significant number of people will become unemployed (already over 20M) and they to will be swept under a rug in time and disappear from economic data when they exhaust their unemployment benefits...the rich will become richer and the government will go on to brag about the drastically falling unemployment numbers.