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Dr. Phil McGraw

๐Ÿ‘ค Speaker
1372 total appearances

Appearances Over Time

Podcast Appearances

Well, and it wasn't just schools.

I mean, they wiped out thousands of family businesses that had been in business 40, 50, 60, 70 years, most of which never came back.

They operated on such a small margin.

They're wiped out forever.

And then they spent $5.5 trillion, counting...

Stimulus checks, unemployment, extended unemployment benefits, $4.4 trillion of which went into savings and checkings account, which means they didn't need it.

And then when they did spend it, they spent some of it on rent and groceries, the first $1.1 trillion of it.

The rest of it went into savings and checking.

So they weren't living on it.

They were saving it, holding onto it, right?

So it wasn't necessarily needed.

Again, I think at the time, if you're a hammer, you got a new hammer, everything looks like a nail.

They had this power, and here's the problem.

Our lives are controlled too much by people that weren't elected.

These were bureaucrats that got appointed into positions

So who are they accountable to?

We didn't elect the head of this agency or the head of that agency.

They just got put in that position.

And so they shut things down and changed this economy forever.