Tags: Coronavirus | stimulus | economy | stephenmoore | pandemic

Stephen Moore: 'Printing Dollars, Sending Checks' Isn't Stimulus

stephen moore speaks
Economist Stephen Moore

By    |   Sunday, 29 March 2020 08:26 AM

The $2.2 trillion coronavirus relief bill is not economic stimulus at all – it is merely printing money to keep Americans and the ship from sinking, according to Trump campaign economic adviser Stephen Moore.

"We shouldn't use the term stimulus, because this bill really isn't a stimulus bill," Moore told Sunday's "The Cats Roundtable" on 970 AM-N.Y., per The Hill. "You don't stimulate the economy by printing dollars and sending checks out to people.

"It mostly redistributes income. It doesn't create income. There's nothing in this package that actually encourages production."

If it encourages anything, Moore surmises, it is unemployment. Some workers will be making more money not to work, than to stay employed, as a number of Republican lawmakers had offered in their criticisms of the bipartisan legislation.

Four months of paid leave for people, getting 100%, if not more, of their paycheck, so why bother working, Moore asked host John Catsimatidis.

"One of the big problems I have is the four months," he said, adding, in some cases "people get even more than 100% of their paycheck."

"In some cases we may be paying people more to stay home rather than go to work, and that could be a problem once we get to the recovery phase."

But even the most vocal of critics in Congress decided they would not get in the way of expedited assistance to American workers and families instructed to huddle at home to attempt to curb the spread of COVID-19.

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The $2.2 trillion coronavirus relief bill is not economic stimulus at all - it is merely printing money to keep Americans and the ship from sinking, according to Trump campaign economic adviser Stephen Moore....
stimulus, economy, stephenmoore, pandemic
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2020-26-29
Sunday, 29 March 2020 08:26 AM
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