'Doomed to fail': Why a $4 trillion bailout couldn't revive the American economy

[PSPS]

1. It was a joke.

A pittance was direct payments to families, which is where the embers of the economy reside, and that stimulated the economy as far as it went.

The lion's share was bailouts to wealthy GOP donors, who never needed it (except to launder back as "campaign contributions,) and giant corporations, who spent it on stock buybacks (which raises CEO compensation) and bonuses for the executives (i.e., they still fired employees.)

What should have been done is to immediately start routine direct monthly payments to all families to keep them afloat, and maintain the lockdown for several months so the virus would die due to lack of available hosts. If that had been done, all of this would be behind us.

The fact is that we're still going to have to do this but we can't while the GOP is in power. So this could drag on for at least another six months, probably longer.