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>That was just enough to provide a month or two where did all the trillions of dollars go . it somehow ended up in these people's pockets one way or another.
by dominotw 5y ago
>That was just enough to provide a month or two
where did all the trillions of dollars go .
it somehow ended up in these people's pockets one way or another.
- kube-system 5y agoWages over the same time period are about 4 times the amount of total COVID relief spending of all types combined. The dollar value of the COVID relief may be less of an impact than the fact that it prevented a larger labor market collapse and kept people earning wages. The stimulus was just a spark that kept the larger American consumerism machine chugging strong.
- dominotw 5y agothere wasn't just stimulus though. There were a whole host of things, pause on loan payments, child tax credits, rental assistance, small business loans ect ect.