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Aid Helped Slow the Bleeding, but We’re Still Bleeding

Economists have applauded the U.S. federal government’s response to the economic crisis, saying it was faster and more substantive than during the Great Recession. That might not matter though if the aid ends as the crisis continues.
By Sean McCracken
August 21, 2020 | 5:38 P.M.

This is a concept I’ve heard repeatedly listening to economists’ analysis of how quickly the hotel industry might bounce back: The depth and speed of the U.S. government’s response to the COVID-19-induced economic downturn was orders of magnitude greater than the response to the Great Recession, therefore the rebound will be that much better.

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News | Aid Helped Slow the Bleeding, but We’re Still Bleeding