Another round of stimulus? Lets talk about it.

[chaycemdown]

2020 US ECONOMIC CRISES! Latest numbers show a drop in unemployment down to 11.1% (roughly 18 million people) for June after reaching a high of 14.7% in April. With state and federal guidelines restricting alot of these peoples original jobs, many fear those jobs may not come back. Food and household items prices are skyrocketing, while many families struggle just to pay the bills. The GDP for America just fell to the lowest its been since the great depression. 70% of our GDP is based on consumer spending therefor Economist show that for every 1$ that is spent by consumers it grows the GDP by 7$. The last 2 bills enacted cost somewhere in the neighborhood of 6Trillion dollars and counting as programs like PPP continuously add additional funds. Would we benefit (as a country) from another stimulus package, and why? 

[chaycemdown]

I think they should approve another stimulus but that it should be directed at those hurting the most. Those in the mid low to lower class, Or those that are currently unemployed. I also think there should be included a return to work bonus. Although holding up businesses does help to create and lessen future job loss, history has shown that Reaganomics or trickle down economics simply doesn't work. To truly boost our economy we need not only money to pay bills but also have disposable incomes. Id even be in favor to see a bill that would have recurring payments for the next few months as well as a lump sum for the past months that a bill like this should have been enacted. I realize that hindsight is 20/20, and therefore do not blame politicians for being slow to act in the beginning, but the original payments did nothing to stymie the flow into another depression. While this sounds quite expensive it would actually be much much cheaper than the last 2 bills and based on the 70% makeup of GDP being consumer spending, IMO, its the only course of action.