[coffeevradar]

>The unemployment benefit extension and hack (unemployment + $600) was the real critical mistake that we'll spend a long time fixing.

What was the alternative? Existing unemployment benefits are insufficient for households to pay bills and the PP program at best would have saved a small portion of the overall jobs lost.

[bpodgursky]

Ideally, basically what Japan is doing. Don't try to discriminate on company, don't make it complex, just cut a check to keep employees on the payroll. There's no dumb drama over "who gets the loans", if all employers do.

[Izkata]

The extra $600 being a flat country-wide amount was the mistake here: https://www.cnbc.com/2020/04/22/she-got-a-paycheck-protectio...