On Feb. 27, the U.S. House of Representatives voted to approve a new $1.9 trillion economic bailout plan, the current round of which was proposed by President Joe Biden, that focuses on providing financial support to U.S. families and businesses affected by the epidemic as a way of increasing the vitality of the U.S. economy's growth.
The current round of the economic bailout program consists of direct payments of $1,400 (about 9,000 yuan) in grants to eligible Americans, as well as $400 a week in unemployment benefits for eligible unemployed people, a very large outlay. According to the program's purpose agreement, one of the major uses is to fight the new crown epidemic, which will provide $20 billion for new crown vaccination, $50 billion for new crown virus testing, and $350 billion in grants to local governments.
For the United States this round of economic stimulus program, the most essential understanding is that the United States to start printing dollars, by injecting more liquidity into the market to drive the development of the national economy, if you can't solve the problem of economic development from the follow up, only with the injection of funds to boost the U.S. economy, this way for the development of the U.S. economy can not be sustained, and ultimately, the U.S. economy will still be The economy of the United States will eventually go into recession. When more and more money on the market, the short term can boost the economy, but the next will bring more problems to the community, liquidity increases, prices on the market will rise, the emergence of inflation is inevitable, will re-trigger the new economic problems, not only will affect the U.S. economic development, will also have an impact on the global economic development.
The current global economy is tied together, no one country can be alone, the United States of America this economic rescue program, it seems to be only the United States of America's policy, but once these funds into the market, it will bring a greater impact on the global economic development.
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