2 ms·
I think without the stimmy checks, loan deferments, liquidity injection, etc the lockdowns could not have been implemented, so many people lost their jobs or co
by euix 4y ago
I think without the stimmy checks, loan deferments, liquidity injection, etc the lockdowns could not have been implemented, so many people lost their jobs or couldn't get revenue, the only way to keep them somewhat compliant was a bribe. Could you imagine telling people not to show up for work for months and not sending them any money/compensation? That would be a rebellion. Remember, in the beginning of the pandemic staying home was a lot of fun, especially if you had a corporate job that was now operating out of your PJs, the stock market mania was a real time source of entertainment.
I know small business owners who were not retail facing who just working right through the pandemic lockdowns without stop because they couldn't afford to stop operations.