Honestly think both Ds and Rs are overestimating how much a four-month delay of a stimulus package will hurt the macroeconomy. Everyone is treating this like it's 2009, but the dynamics are very different, household and bank balance sheets much healthier.https://twitter.com/joshtpm/status/1313645118134595586 …
It is a novel crisis. We have never had so many small businesses utterly disappear. I live in a medium sized town. At least 50% of the stores on our main drag are gone. With them the wallets of consumers that will not be buying new iPhones or any number of things this Christmas