COVID is a natural disaster.
National lockdown is a necessary response.
But 10 million unemployed in two weeks is an economic crisis of our own making.
theatlantic.com/ideas/archive/…
National lockdown is a necessary response.
But 10 million unemployed in two weeks is an economic crisis of our own making.
theatlantic.com/ideas/archive/…
My 2-part plan to address the mounting jobless crisis, building on the govt-backed loan program in the emergency rescue package, which forgives loan payments to firms who can show they've maintained payrolls.
1. More marketing
2. More money
1. More marketing
2. More money
1) The admin needs to get the word out. Tweet it. Shout it at pressers.
The loud and clear message should be: "Our companies have a patriotic moral duty to hold onto their workers during this national crisis, and the government has a patriotic moral duty to pay them to do it."
The loud and clear message should be: "Our companies have a patriotic moral duty to hold onto their workers during this national crisis, and the government has a patriotic moral duty to pay them to do it."
2a. Get back in session immediately and double the loan guarantees to over $600 billion—which is approximately 11 weeks of payroll for all companies with fewer than 500 employees in the US
2b. Go on TV and shout about this part, too.
2b. Go on TV and shout about this part, too.
