Comment by adamsiem

$1200 stimmy check was not the big deal.

Receiving $600/week in addition to unemployment for 24+ weeks was.

Many hourly workers were making more money than working when you combine $600/wk and unemployment at 30-60% of their regular paycheck.

This dramatically stimulated the economy. And businesses.

And then there are all the PPP funds that equates to 50-75% of a companies annual payroll.

Also dramatically affected companies, and gave a false sense of security - preventing innovating into ‘the new normal.’