While introducing his key cabinet peaks for jobs and
economic teams, President-elect, Joe Biden, gave some hints that his upcoming stimulus package might include another round of stimulus checks and more PPP Loans to help the many small business that are struggling due to this relentless pandemic.
The Biden-Harris term is about both, the vivid financial crisis the US is experiencing, plus eliminating once and for all, if not in its entirely, the worst parts of Covid-19, while keeping Americans safe and rejuvenating our economy. Therefore, hopes are high on the Stock Market side. If Covid-19 continues to dismantle our economy, and joblessness continues to skyrocket, it would be just a matter of time until the Stock Market crashes again in new records high.
Biden said, “600 hundred is just not enough…..,” referring to the last stimulus check of $600 dollars that went to Americans in the first week of January of 2021. Many have complained that the largest economy in the world could perhaps have done better providing a larger and more sustainable stimulus package to working-class and middle-class Americans who are jobless and thus struggling deeply due to Covid-19. For example, Senator Bernie Sanders fought vigorously to increase this direct one-time payment of $600 to $2000 thousand dollars, a sentiment shared by the Speaker of the House, Nancy Pelosi, newly-elect-Majority Leader, Chuck Schumer, even President Trump himself stated that he supported a larger bill for stimulus checks.
There’s no doubt that after losing Georgia, we went right up to guess that maybe one of the main reasons why republicans might’ve lost their majority in the senate had to do with their refusal to then provide a larger stimulus package to Americans.