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President Joe Biden: Call It Bidenomics or Something Else Biden Democrats Continue to Undercount Our Job Rates and Layoffs. : ThyBlackMan.com

The age group, beginning at 55 plus years, are currently responsible for approximately 40% of consumer spending in our economy. Baby Boomers are the largest homogeneous population, within that group of consumers, and would be the more logical and, idea tax cut recipients. A 10%, $25,000 Baby Boomers’ Consumer Tax Cut, which will drop approximately $254,000,000 a day into our economy, is half of the $529 million a day Families with Children Tax Cut. The Boomers’ Consumer Tax Cut was designed to begin in 2021. Because of that start date, the Biden-Harris administration can exercise some flexibility in its introduction, depending on how deep our coming Recession will be, and the actual number of layoffs, “including that 48 percent, we talked about earlier, which Biden and Democrats dismiss.” ....

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Mr. Biden, a Long-Term Data Driven Demand Side (Consumer Spending) Plan is Better than a Short-Term One. : ThyBlackMan.com

Joe Biden is poised to launch a Covid-19 economic relief plan worth trillions of
dollars. Here are some meaningful observations for all of us to consider in the run-up to Mr. Biden’s planned announcement of the details of his Covid-19 economic spending plan on Thursday.
It is questionable, whether Mr. Biden, the Democratic Party, and his economic team view direct payments to consumers as a Direct Consumer Tax Cut. Obviously, if they admitted it, they would have to admit to how remarkably successful CONSUMER SPENDING has been at creating jobs throughout this Economic Downturn. The Cares Act (stimulus) Consumer Tax Cut confirms, what consumption data states, that low- and middle-income Americans are more likely than higher earners to spend benefits from the government immediately and stimulate economic growth, creating millions of jobs. ....

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Trump, McConnell, Biden, Pelosi, and the $2,000 Consumer "Stimulus" Payout. : ThyBlackMan.com

ThyBlackMan.com) It is important, how
President Biden and his economic team define stimulus. It is a misnomer to call the entire economic relief package, such as the Cares Act, “stimulus legislation only,” because part of the funding within it was clearly used for relief, such as unemployment benefits, and aid for Americans in need of food. It is estimated, though, 160 million, stimulus checks were issued by the IRS, since the passage of the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, in March of 2020. An estimated $290 billion has been given directly to consumers. Even so, the PORTION of the Cares Act that dealt with direct payments to consumers for some reason, was not viewed as a Direct Consumer Tax Cut. ....

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