The CARES Act assumed the the pandemic would be behind us by the end of July

[Norbert]

Not all doom and gloom but he says the Biden Admin will need to act fast on the economy because dotard and company will be little, if any, help except , of course, saying the stock market is doing well..

Link to tweet

https://www.businessinsider.com/covid-19-vaccine-economy-recession-congress-stimulus-financial-crisis-pandemic-2020-12

[MacKasey]

1. The hero's act did not pass because the stock market is up

The care's act pass so quickly because the stock market was tanking

[SoonerPride]

4. ☝🏻This. Right here. ☝🏻

[Klaralven]

2. The CARES act assumed a return to normal -- which will not happen

It was an attempt to bridge an "outage" in the economy, after which things would return to normal. So it provided for keeping people employed, keeping business owners out of bankruptcy, and keeping people in their homes until they could resume paying rent/mortgages.

This is not feasible any longer. The economy of September 2021 will not be like the economy of February 2020.

The substitution of communications for travel will not revert back. Office workers will continue to work from home. Retail will continue to be done by clicks instead of bricks. There will not be discretionary income to support entertainment and sports services that people have found they can do without.

What Biden will need is a new economic program to clear away all the zombie businesses, assist all those going from temporary to permanent unemployment, and rehouse the evicted and foreclosed.

[beachbumbob]

3. If McConnell controls the Senate, NOTHING will happen, the spin will be its all Biden/Democrats

as the cause of the problem and the M$M will promote this. McConnell will only agree to HIS terms, not Biden/democrats who have to deny a liability shield law from happening at all cost.