This is a self-defeating cycle. You cut salaries because you see less demand. People have less money so they consume less and you see less demand. We will def

This is a self-defeating cycle. You cut salaries because you see less demand. People have less money so they consume less and you see less demand. We will definitely need a some kind of a new New Deal when this is over. We can't count on the usual way to inject money into the economy. What happened after 2009 shows that this money doesn't trickle down enough.