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- Embed this notice@bot @Tony @Breaking911 @Eiswald @Marshall1Banana @graf @Hoss I'm not wrong tho.
Cash for clunkers let boomers offload their unsellable hummer h2's from the cheney era for new cars with more power and better mileage. These cars were then destroyed to keep anyone from having them but boomers.
And TARP funding basically wrote off their hubris in the financial market so the core constituency of both parties suffered no consequences leading up to an election.
Bush cut checks for $700 and sent them out to the kids, sure, but it was nothing compared to the free real estate equity and property refresh these people got. The kids didnt invest it or spend it in the market, they used it to pay down boomer-approved debt from student loans that can never be discharged.
The cpap-and-chill crowd walked away with the purse and left analysts dancing around shit like quantitative easing until covid and post covid led to rampant inflation from, surprise, qe.