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,

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.