FSD – True there were some sacrificial banks that closed. Yes, there were jobs lost, though that’s why there’s unemployment and extension after extension of unemployment. The job lost would have been much greater IMO, were it not for the freeloaders spending.
I’m not arguing it is good for the economy. My preference would have been to take the lumps, rather than kick the can. Indirectly, whether intentional or not, it has kept the economy from suffering a greater downturn. People going out to eat for dinner have kept restaurants open. People buying clothes have kept stores open. People buying cars have kept all kinds of other people employed.
As far as taxpayers, we have not seen the bill for this yet, but it will come and be as ugly as a bill after a big wedding.
