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THREAD:
1/ The American economy is shutting down. An insta-depression (effectively) encouraged by government to stop the spread of #COVID-19. But the ongoing collapse of 30m small businesses will cause mass unemployment today and painfully slow recovery tomorrow.
1/ The American economy is shutting down. An insta-depression (effectively) encouraged by government to stop the spread of #COVID-19. But the ongoing collapse of 30m small businesses will cause mass unemployment today and painfully slow recovery tomorrow.
2/ The economic support package being discussed in Congress will be helpful: a $300-$350 billion lifeline pushed by Senators Rubio, Collins, and Cardin. washingtonpost.com/powerpost/unli…
3/ BUT IT MAY NOT BE NEARLY ENOUGH. We need an economic recovery package of at least $1.2 trillion for small businesses in the service sector, and maybe more.
