02-02-2021, 12:25 PM
(02-01-2021, 12:33 PM)David Horn Wrote: Yeah, that's the fallacy of Federalism. States are close to the people (cities even moreso), but it's the Federal government that has the bottomless checkbook. At the moment, the Dems are shooting for $1.9Trillion, much of it aid to states and cities. If that fails, this will be a worse version of 2009,with a recovery that only benefits the rich -- again.
I wouldn't even say this is a fallacy of Federalism so much as it is a fallacy of thinking there is *any* non-catastrophic way of shutting down an economy for almost a year. Add to that the typical blind spots of government aid and you are almost guaranteed a recovery that only benefits the rich, just as the lockdowns did.