If Congress doesn’t act, unemployment and a ruined economy may come soon
vox.com
vox.com
You could argue the EU for example had a stronger response the the last recession. Yet like Germany growth since them has been in GDP per capita terms 2k. The US gdp per capita grew 20k yet was considered to have a much worse response because how they left so many to figure their life out.
With things like high joblessness, rents/mortgages going past due, and unemployment assistance set to expire, the road ahead in the US looks pretty bumpy to me.
https://www.economist.com/united-states/2020/07/22/americas-...
>Hence the need for another stimulus package. Democrats released their proposal, a $3.4trn behemoth called the Heroes Act, two months ago. Republicans have gone from suggesting a “pause” on future stimulus, as Mitch McConnell, the Senate majority leader, said in May, to agreeing that something more is needed.
Vox's premise isn't controversial.