Joe Biden Confirms 4th Stimulus Check – Worth $3000 Billion
Vice President Joe Biden has just confirmed the presence of another $4 billion stimulus check to be distributed by the United States Government to American Businesses in Small Businesses. As reported earlier, Joe Biden the President of the United States has directed the Treasury Department to release a $2.3 trillion stimulus check too big business. This is the first time that the Obama Administration has authorized a large-scale economic relief plan like this. As per The Financial Times report, Mr. Biden said “The time is right for American businesses to start growing again, and the administration is working with small business owners to do just that.” The plan also includes $600 million for Citibank, which has been suffering due to the housing crisis.
So, what exactly is the stimulus check worth? Well, some have questioned the timing behind this announcement, as it comes during the middle of a presidential campaign, but that could not be more true. If you don’t believe that a $4 billion stimulus check is a lot of money, then you have yet to hear about the housing bubble. The housing bubble was nothing more than an enormous bubble, and when it burst the result was, well, a very large loss for all of those who owned the property during that period of time. A large amount of money has been lost in that situation, and any lender who was counting on that investment is now out of luck, as there are no longer any mortgages being made.
This stimulus check will, therefore, benefit a large number of businesses and manufacturers. It’s not difficult to understand how someone could question the timing of such an announcement, given that it comes at the end of a presidential campaign. Nevertheless, it is necessary for a large-scale economic recovery plan to go ahead, because right now our economy simply cannot take any more financial losses. If businesses do not get the financing they need to keep going, the entire infrastructure of the economy could come crashing down. Right now, however, the presence of Obama’s stimulus check assures that things are on the upswing again and that we’re going to see the kind of recovery we’ve been waiting for.