By Brian Hunt, InvestorPlace CEO
In the wake of the financial crisis of 2007-2008, the U.S. government launched one of the largest stimulus packages in our country’s history.
When it was all said and done, the government spent a total of $2.8 trillion on stimulus and housing crisis relief … all in an effort to prop up industries, save jobs and get people spending again.
That huge sum now seems small when we talk about government stimulus related to the COVID-19 pandemic. As I write this in April 2021, Uncle Sam is on the hook for at least
$5 trillion in spending. Trillions more will likely follow. It’s the largest spending program relative to the size of our economy since World War II.