As I've been saying, the CARES Act did a lot to alleviate the economic hit from Covid-19. 1/ nytimes.com/2020/05/31/bus…
I keep seeing some people on the left describing it as just a bailout for corporations. There was some of that, but huge relief for people who really needed it. So far this month, $90 billion in unemployment benefits compared with $2 billion in same period last year 2/
The big problem is that extraordinary aid all goes away in just 2 months. There is no chance that more than a small fraction of the loss in wages will be made up by then. So we're facing an economic and human disaster unless Republicans allow another package 3/
