Biden's student loan relief won't fuel inflation, Wall Street says.

G

gemini104104

Verified User
Despite hostile lies projected among worthless repukes against this relief who accomplished nothing at serving the well being of society but who's toxic red policies fueled inflation at giving huge tax breaks to their rich corporate buddies and their other greedy special interest groups in the tune of over $1 trillion. Repukes need to get lost with their acts of waging war on Democracy and society. I believe one reason it won't exacerbate inflation is that the money will go back into the economy at giving student loan relief the ability to have greater spending power which seems logical and obvious. As such, President Biden has given student relief the ability to support the economy in the billions of dollars:

Although President Biden's student loan relief program has plenty of upsides for borrowers, critics are raising concerns the landmark initiative could hurt the economy by fanning the hottest U.S. inflation in 40 years.

Wall Street's message to Main Street: Don't worry, because the impact of the student-debt relief program on inflation will be small, and perhaps not even measurable.

Their forecasts come as some critics are sounding the alarm about the program's impact on prices, which have surged in the past year amid strong consumer demand and supply-chain bottlenecks. In their view, wiping out billions in debt for the nation's more than 40 million student-loan borrowers will fuel consumer spending, making it more difficult to bring inflation to heel."
https://www.cbsnews.com/news/studen...kQ1OYoav2_3HSCOTX2YNDRnjHxxLOT6xkbpBTmRcuwZnQ
 
It is amazing how often the markets are looking at what the Republicans are saying is going to happen, and responding, "NO."
 
gemini104104 said:
Despite hostile lies projected among worthless repukes against this relief who accomplished nothing at serving the well being of society but who's toxic red policies fueled inflation at giving huge tax breaks to their rich corporate buddies and their other greedy special interest groups in the tune of over $1 trillion. Repukes need to get lost with their acts of waging war on Democracy and society. I believe one reason it won't exacerbate inflation is that the money will go back into the economy at giving student loan relief the ability to have greater spending power which seems logical and obvious. As such, President Biden has given student relief the ability to support the economy in the billions of dollars:

Although President Biden's student loan relief program has plenty of upsides for borrowers, critics are raising concerns the landmark initiative could hurt the economy by fanning the hottest U.S. inflation in 40 years.

Wall Street's message to Main Street: Don't worry, because the impact of the student-debt relief program on inflation will be small, and perhaps not even measurable.

Their forecasts come as some critics are sounding the alarm about the program's impact on prices, which have surged in the past year amid strong consumer demand and supply-chain bottlenecks. In their view, wiping out billions in debt for the nation's more than 40 million student-loan borrowers will fuel consumer spending, making it more difficult to bring inflation to heel."
https://www.cbsnews.com/news/studen...kQ1OYoav2_3HSCOTX2YNDRnjHxxLOT6xkbpBTmRcuwZnQ
Click to expand...

of course it will.

this article is retarded.
 
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