The only way out of this mess, given what they're going to do, is to make a minimum of 2/3rds this $900B monstrosity tax cuts. As it stands right now, it's only $250B plus another $100B in rebates (as they call them). That's a lot, but it's not going to be enough.
I know what they're trying to do, they're going to flood the banks with capital with strings attached which makes them to go out and make loans, which they'll do, but without much, much bigger tax cuts in place it's not going to do all it could do. But, and I mentioned this before a while back, this is going to be the mid-70's all over again with hyper-inflation in the next couple of years. And then when inflation kicks in the Fed will have to raise interest rates to starve off even more inflation. Houses worth $100K now are going to be worth $200K, we'll see banks lending at 15%+, bank CD rates will be in the 11%-13% range, unemployment will be up. There's going to be money making opportunities out there, and we'll be able to buy durable goods (cars, washing machines, etc....) on credit with increasing cheaper dollars because of what inflation does to the real value of money. But just like in the 70's, the one's the libs are hoping will benefit the most from this plan will get left behind. But those who look ahead, plan ahead, save and invest wisely, will come out of it OK.
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