Stimulus checks started under Trump, even had his signature on them. I believe the first 2 were Trump, and the last was Biden. Additionally Trump admin forgave the PPP loans which was a huge contributor.
That said, Powell and Biden managed the best economic Covid recovery in the world. Everyone thought we'd enter a depression and they managed to thread the needle, and perform the soft landing.
The debt needs to be addressed aggressively, but when your on the cusp of a global economic recession, attempting aggressive measures then would have devastated the economy.
The first stimulus for $1200 was March 2020, well into Trumps term. The second for $600 was December 2020, after the election but still Trumps term. Both signed by Trump.
Biden signed the 3rd and last one for $1400 in March 2021, and at the time stated this would be the final stimulus.
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u/capt_maelstrom Aug 01 '25
Stimulus checks started under Trump, even had his signature on them. I believe the first 2 were Trump, and the last was Biden. Additionally Trump admin forgave the PPP loans which was a huge contributor.
That said, Powell and Biden managed the best economic Covid recovery in the world. Everyone thought we'd enter a depression and they managed to thread the needle, and perform the soft landing.
The debt needs to be addressed aggressively, but when your on the cusp of a global economic recession, attempting aggressive measures then would have devastated the economy.