In 2020, the U.S. Federal Reserve has injected an enormous amount of U.S. dollars to special interests in the banking sector in order to combat the economic effects stemming from the coronavirus outbreak. This week the central bank published its financial stability report and the Fed discussed addressing climate change for the first time. A number of economists and analysts now believe the Fed plans to help President-elect Joe Biden’s transition team print $1.7 trillion for the Democrat’s plan the “Green New Deal.”
During World War II and after the stock market crash during the Great Depression, President Franklin D Roosevelt (FDR) ushered in a “New Deal” in order to combat the hurting American economy. In 2020, Americans are hearing about another so-called deal called the “Green New Deal” designed by Democrat leaders in Congress.
The Green New Deal is a government proposal that aims to leverage stimulus and strict laws