67.1 US Stimulus Fails: Bush, Obama, Trump (& Biden?!)

———Part 1 Summary———
Government stimulus seems to work sometimes (e.g. US recessions after WW2). Other times it clearly fails: 1970s USSR, 1980s S. America and Africa, 1990s Japan, and USA post-2008. Presidents Bush (ECA 2008), Obama (ARRA 2009) and Trump (TCJA 2017) tried and failed. Will Biden be any different?

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———Ep 67.1 Topics———

00:23 In 2017 President Trump sat down with The Economist to explain his stimulus program
02:39 “Priming the Pump” is the idea of government pushing an economy back on trend (stimulus)
07:34 In 2018 The Economist marveled at the extraordinary experiment of the Trump stimulus
12:27 Why does government stimulus sometimes work and other times not?
17:31 Bush in 2008. Obama in 2009. Trump in 2017. Biden in 2021. Stimulus’ failure is apolitical

———Ep 67.1 References———

Neither Keynes, Trump, Pumps Nor Priming: https://bit.ly/3gBbE39
The Economist: America’s extraordinary economic gamble https://econ.st/3xiGkwf
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7