Of course it is. That was just a rhetorical question for our hypocritical former Republican (now tRumplican) friends here on JPP.
Remember when Obama did it, and how it was a horrible idea? Now that tRump wants to do one, its GREAT!......lol
Honestly, the blatant hipocrisy of the trumpanzees is both hilarious and scary at the same time.
For the record, I supported Obama's and I will support this one to.
No, bird-brain, it's not socialism.
In 1929, the American Stock Market crashed and triggered the Great Depression.
All across the United States countless people suffered. Unemployment rose to 25%, 5,000 banks failed, people lost their homes and had to live in "Hoovervilles" rough-hewn (shanty towns). Things were VERY for grim for a very long time, Tacomanam; it would not be until America entered WW- 2 and cranked up a massive war economy (making munitions, planes, tanks, guns, etc, etc that the Great Depression in the US was effectively beaten, and the economy returned to some semblance of normality.
In 1933 Franklin Delano Roosevelt was elected President of the US. The depression , of course, was his most pressing issue. He decided to deal with it by using a a number of massive stimulus programs collectively known as "The New Deal."
He was, of course, excoriated by many powerful individuals and interest groups as a socialist and/or a communist. Though FDR always denied the charge, and made it perfectly clear that he was NOT a socialist/communist. Today, leftist Politician's like Alexandria Ocasio-Cortez (AOC), the House Democrat who is a "Democratic Socialist", borrow the term "New Deal" from FDR to give their policies some respectability. AOC, for instance, called her radical package of climate change policies the "Green New Deal" (When asked by a news journalist about FDR and his "New Deal", she did not really know anything about the famous former President,( which is par for the course because AOC is basically a stupid bitch). Bernie Sanders, a hard-line "socialist" also refers to his current policy on the environment the "New Dea.l"
The use of the term "New Deal" by socialists like AOC and Bernie Sanders in 2020, is tacit confirmation of the fact that they understand FDR to have been a socialist POTUS in the 1930. But as I said FDR was NOT an ideological socialist.
His "New Deal" stimulus package was intended to kick-start the "dead" capitalist economy in America during the Great Depression. And to cut a long story short FDR's strategy was successful in reviving capitalism/economic growth in the US.
FDR's "New DeaL' was not socialism "on the march" in 30's - era America. It was:
1. A response to an urgent and desperate, unforeseen and unprecedented national crisis.
2. Always intended as a TEMPORARY measure. FDR's economic stimulus was applied as a means of trying to restore the pre-depression financial
status quo. Once a healthy capitalist economy was up and "running under its own stream", the "New Deal" stimulus would have served its purpose and no longer be required.
A financial stimulus package, similar in principle to FDR's "New Deal" was used by the Australian government soon after the Global Financial Crisis was triggered by the meltdown of the multi-trillion dollar, US OTC Derivatives Market in mid- September 2008. Here again. we have an "unexpected" financial catastrophe that came "out of the blue" (BTW, I DO realise that many expert US economists were jumping up and down trying to warn the American government that an impending financial disaster was very likely if the government did not act quickly to put the regulatory "brakes" on the runaway OTC Derivatives Market) The OTC Derivatives Market melted down on 14th of September, 2008 when Lehman Brothers filed for what would be the largest corporate bankruptcy in American history. This set off a Derivatives chain- reaction, and within literally 24 hours all lending activity and the flow of credit in Europe was frozen solid. Soon, the entire world was hit by sharp contractions in economic activity and severe deflation.In many ways, the GFC (2008) was just like the Great Depression of the 1930's. Getting back to the point I wanted to make; in Australia prompt action by the then government in the form of a substantial stimulus package worked very well and as a result, Australia managed to escape almost all of the economic fall-out from the GFC, and came out pretty much unscathed.(Of course, Australia is a very small nation in terms of population, I realise that the fall-out from the GFC was far more difficult to minimise in America with its much larger population).
Using an economic stimulus in response to the GFC, did not mean that the Australian government of the day were socialists.
Donald Trump's decision to use an economic stimulus package to help revivify a US market that is growing sluggish as a consequence of the toll that the COVID19 virus is taking on the US economy does not mean that Trump is a socialist.
