Today, Explained

It’s beginning to look a lot like stimulus

Dec 8, 2020
Annie Lowry, a staff writer at The Atlantic and author of 'Give People Money', discusses the urgent need for a new bipartisan stimulus bill as Congress seeks to address economic fallout from the pandemic. She highlights the stark contrasts in support between large corporations and small businesses, particularly in the restaurant industry. Lowry also analyzes the long-term impacts of initial stimulus measures, the challenges facing marginalized communities, and the necessity for effective responses in light of rising unemployment and economic inequality.
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ANECDOTE

Small Business Struggles

  • Small business owners, especially in California, protested shutdown orders due to lost revenue.
  • They set up a movie company right next to my outdoor patio.
INSIGHT

Stimulus Targets Small Businesses

  • The stimulus aims to help struggling businesses with additional loans focused on legitimately small businesses.
  • This support will cover operational and payroll costs through the winter.
INSIGHT

Economy's Mixed Signals

  • While not as dire as predicted, the US economy shows concerning signs like rising unemployment claims.
  • These claims exceed those during the Great Recession, indicating a plateauing recovery.
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