Let's say Biden manages to get 75% of people vaccinated by the end of July (optimistic based on how things are going right now, I know). At that point there has yet to be any real solution to all the problems of covid. The rent crisis, the commercial real estate crisis, people needing money, food, etc. The fact is that people need large sums of cash quickly. Of course there's the deficit to worry about. Trump ran up a huge deficit and there's no more stimulus coming. But there is a solution.
Biden, along with a crack bipartisan congressional team form a coalition. Their goal is to deregulate banks enough so that the poorest people can get loans with few qualifications (ie credit score). And those loans will be backed by the US government (kinda like student loans). They will be high-interest but you won't have to pay them off for some time or can pay them off over a long period. Desperate, tons of unemployed and even houseless people line up at banks to borrow thousands of dollars just to make ends meet. The media praises this as a smart free market solution. Warnings about it are stifled and relegated to crackpot right wing attacks on helping the poor.
There is absolutely 0% chance 75% of the US population is vaccinated this year.
There's also a 0% chance of any government at any level caring. We'll all get thrust back to work in March regardless of how many people have been vaccinated "because there's a vaccine" and it'll be the 3rd? 4th? Spike. Nothing will change.
Having the majority of the populace as "indentured servants" has always been the end goal of the bourgeoisie.
At this point we're decades into the transition to an economy that runs entirely on accumulation of debt. I don't know how many years capitalism can survive under that model though. Probably less than 25.
They already buy our present and future, next they'll just figure out a way to buy our pasts
I was thinking something like the Eternal Sunshine machine but it overwrites your memories with more wage labor
The "I Have No Mouth and I Must Scream" AI, but they plug you into it and rub their nipples as your suffering makes their line go up
That's been the Democrats strategy for quite a while now though? Republican comes in with ghastly terrible policies, Democrat comes in and tries to do more "sensible" policies... albeit a bit more right-wing each iteration... because that's the goal all along.
I think the visible problems the US is having now are not ones that can be solved in 4-8 years though... and that whole strategy is going to begin backfiring, hard.
Didn't George W. Bush do a version of this with home ownership in like 2004? "NINJA" mortgages became common, then they got bundled together and traded as securities with falsely high ratings.
Bold of you to assume they'd even summon the pretense of helping people out with a 'market solution'
My money is on them completely ignoring us after much less than critical mass is even vacc'd. Like 40% and we start austerity again.
If Biden gets even 50% vaccinated he will be seen as the greatest president since FDR. Anything we can think of will be the least of our concern.
If that happens, I'm watching the Big Short again and taking out one of those stock market memes those guys were doing and making 20 million dollars
Does that mean there's currently an industry full of people betting on when the demise of America happens?
What's the difference between this or student debt, or mortgage debt? Debt is the bad thing, and the sin comes from the loaner.
None. That's my point. They would create another debt bubble and trap people in life-long loan agreements instead of just giving out more money or doing nation-wide rent cancellation.
