‘Doomed to fail’: Why a $4 trillion bailout couldn’t revive the American economy (Washington Post)

Washington Post: ‘Doomed to fail’: Why a $4 trillion bailout couldn’t revive the American economy. “The U.S. response to the coronavirus has already been the costliest economic relief effort in modern history. At $4 trillion, the assortment of grants, loans and tax breaks exceeded the cost of the Afghanistan war. More than half, or $2.3 trillion, went to businesses which in many cases were not required to show they were impacted by the pandemic or keep workers employed.”

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