How Does Trump Prop Up His Failing Coronavirus Economy?

He orders the Federal Reserve Chairman to buy stocks, bonds, and Exchange Traded Funds.

Yep… buying stocks and bonds will work just perfectly, because BUSINESS!

How much sense does that make, eh?

Buying stocks in companies that could go belly-up because NO ONE is BUYING their stuff is nonsensical – it’s a non-starter, a non sequitur.

Jerome Powell, Chair, Board of Governors of the Federal Reserve speaks to guests during a conference at the Federal Reserve Bank of Chicago, June 4, 2019.

Then who’s left holding the bag, eh?

You, me, and the taxpayers.

Instead, the Fed should just GIVE MONEY TO PEOPLE… who in turn will SPEND IT.

And THAT is what those firms need – paying customers.

You see?

It’ll end up in the companies’ hands, anyway.

So as long as