Also, it's telling that the major outlet that is doing the best job tracking the hunger in America story is ... the BBC.https://www.bbc.com/news/world-us-canada-55307722 …
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Bottom line is that American stimulus only looks more generous than peer nation because USA has a much smaller welfare state to start with. If you factor in the automatic stimulus other nations have, limits of American stimulus become clear.
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Both more generous and a bigger hole to fill.
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The way to square this circle is to recognize that the stimulus was generous but that the US started with citizens in a much deeper hole than comparable countries because of our paltry social safety net.
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Right, which means it really wasn't the most generous stimulus when you factor in what was needed.
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Stock market has done great. What other metric could possibly matter?
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Mean vs Median, aka K-shaped recovery
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It had a generous stimulus in absolute numbers, but that funding has been asked to do double time, also playing the role of a social safety net.
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It is easy to reconcile: the U.S. has a weak general social safety net, which the pandemic-related stimulus and relief only partially offset. Also, a lot of U.S. stimulus was poorly targeted. E.g., giving checks to people who are working from home on full salary is unnecessary.
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It seems like the argument heavily involves tossing all forms of aid into one big bucket and acting like spending on stuff like PPP & aid to specific industries like farms, education, and transport has a comparable effect on outcomes for average Americans as checks or super-UI
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