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Hardly surprising, the US strategy has been lockdowns (good!) but without consistent aid to people and small businesses (bad!). The stay home and don't spread i

Hardly surprising, the US strategy has been lockdowns (good!) but without consistent aid to people and small businesses (bad!). The stay home and don't spread idea is a good one but needs to be backed up by actual assistance or aid. Pitiful amount of assistance from the federal government. We had one round of adequate funding right as this started and then basically nothing else. Money ran out, Congress was deadlocked and only aid we got was piggybacked onto a normal spending bill.

slowmovintarget 6y ago
Right, and banks gave away the money to businesses that were good at paperwork (including some owned by politicians who got preferential treatment). The money, for the most part, didn't go where it was needed. I know it would be next to impossible here in the U.S., but one of the things China did for the lockdown was to declare a rent abatement for anyone not allowed to do business. This wasn't a suspension where you got hammered later. You just did not pay rent while you had no income. End of story. It was a temporary suspension of the economy in order to get back to a more normal level of operation. Australia is another example of this. We got theater, fraud, and politicization instead.
- imbnwa 6y ago
  Japan also had a similiar response[0]. [0]https://www.lexology.com/library/detail.aspx?g=3848d55f-749c-4fc1-9aa1-8fa6c0d4330c https://www.lexology.com/library/detail.aspx?g=3848d55f-749c...