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A Decade Of Jobs Just Vanished In America’s ‘Induced Coma’. And Steve Mnuchin Has ‘Bridge Liquidity’
The federal government's flagship relief program for small businesses ran out of funding on Thursday
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The 1200 bridge liquidity if intended to support consumers with reduced wages and not direct unemployment… could expect that to cover perhaps 6 weeks or so of reduced workload. Of course it took many weeks to roll out so without another in the funnel he basically just got everyone settled up to present which provides little security next week or the week after.
1200 here ain’t worth much maybe elsewhere…… velocity of money? thats what helicopters should do. Slower the money gets out the slower it moves things
Velocity of money approaching zero at warp speed.
Just think, if we had had enough testing capacity in late February to early March, as they had in South Korea, much of this mess could have been avoided. The US was caught flat-footed. Ultimately, the buck stops somewhere. Own it, President Trump.
If he would put on a DEVO red energy dome hat I would take him much more seriously. Just seems incomplete…