Politics War Room with James Carville & Al Hunt cover image

144: It's The Economy Stupid with Roger Altman

Politics War Room with James Carville & Al Hunt

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The Pandemic and Its Effects on the Stock Market

Fiscal policy was a response to the pandemic. The average american family earning 75 thousand dollars, received, i believe, 76 hundred dollars through several different distributions from the federal government. They had a lot of money, and they couldn't spend it again on some of these traditional things. So they started spending it on goods, everything from bi s to new cars to homes,. Every imaginable kind of home improvement, you name it. And prices for those, all those goods, consumer electronics, for example. Ah, in face of this sharp demand, went up because the production side of the economy, not just for pandemic related supply side problems. Sobi jane toms just

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