Nancy Pelosi, guest on a Bloomberg TV show, about the huge 33% GDP 3rd Quarter numbers.
“Does that make you think that we may not need another stimulus as much as we thought we did?”
PELOSI: No. In fact, it is proof that we need the stimulus even more so. The reason we had a good — a better third quarter is because what we did in the CARES Act and the subsequent legislation for PPP that put money into the economy. That’s gonna wear off, and we need another infusion.”
With no shame, Pelosi claims credit for the 33% increase in GDP 3Q. She also claimed that it required their wish list of COVID relief that has nothing to do with COVID.
Makes you wonder how much better the numbers would have been if New York, California, New Jersey, Hawaii, and a few other Blue states had participated?
During the relatively flat 2% +or- GDP years of the Obama/Biden administration, we suffered two stimulus packages that did more for labor unions than the economy. No effect to GDP.
Truth is, Democrats are never satisfied, and can never be satisfied, when it comes to growing the size of government and government spending. That’s why they call it investing. Sounds better to the dumb masses.