Almost four years have passed since Congress approved and Donald Trump signed a huge relief bill designed to limit the financial hardship created by the Covid-19 pandemic.
In fact, according to a Federal Reserve survey, the percentage of Americans “doing at least OK financially” was actually higher in July 2020 than it had been before the pandemic, presumably because for many people, government aid, including one-time checks and greatly enhanced unemployment benefits, more than made up for lost jobs and business.
Furthermore, fears that generous aid during the pandemic would undermine America’s work ethic — that adults would leave the labor force and never come back — proved totally wrong.
The trick here is that they pretend 2020 never happened — a sleight of hand that only works because federal aid allowed so many Americans to emerge from the pandemic slump in good financial shape.
For example, in 2019, she shepherded a bipartisan agreement to suspend the debt ceiling, averting a potential financial crisis, with a deal that Trump himself conceded contained “no poison pills.”
Oh, and a significant fraction of Republicans, Trump included, would prefer to block aid to Ukraine because, by all appearances, Vladimir Putin is their kind of guy, and they’re content to see him steamroll his democratic neighbor.
The original article contains 892 words, the summary contains 212 words. Saved 76%. I’m a bot and I’m open source!
This is the best summary I could come up with:
Almost four years have passed since Congress approved and Donald Trump signed a huge relief bill designed to limit the financial hardship created by the Covid-19 pandemic.
In fact, according to a Federal Reserve survey, the percentage of Americans “doing at least OK financially” was actually higher in July 2020 than it had been before the pandemic, presumably because for many people, government aid, including one-time checks and greatly enhanced unemployment benefits, more than made up for lost jobs and business.
Furthermore, fears that generous aid during the pandemic would undermine America’s work ethic — that adults would leave the labor force and never come back — proved totally wrong.
The trick here is that they pretend 2020 never happened — a sleight of hand that only works because federal aid allowed so many Americans to emerge from the pandemic slump in good financial shape.
For example, in 2019, she shepherded a bipartisan agreement to suspend the debt ceiling, averting a potential financial crisis, with a deal that Trump himself conceded contained “no poison pills.”
Oh, and a significant fraction of Republicans, Trump included, would prefer to block aid to Ukraine because, by all appearances, Vladimir Putin is their kind of guy, and they’re content to see him steamroll his democratic neighbor.
The original article contains 892 words, the summary contains 212 words. Saved 76%. I’m a bot and I’m open source!