Paul Krugman

@paulkrugman ↗

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Last Checked Aug. 8, 2020

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Tue Jul 21 19:06:18 +0000 2020

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Paul Krugman @paulkrugman

The scale of this unforced error is stunning. In May Pandemic Unemployment Compensation — the extra $600/week, which is what is disappearing — was more than 4% of GDP. Snatching that away will impose huge hardship 2/ — PolitiTweet.org

Posted July 21, 2020

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Paul Krugman @paulkrugman

McConnell totally misunderstands the problem; thinks this is about stimulus, not support as the virus rages. So no deal on unemployment benefits any time soon, with extra benefits going away for many THIS WEEKEND 1/ https://t.co/zIHArvcSMU — PolitiTweet.org

Posted July 21, 2020 Hibernated

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Paul Krugman @paulkrugman

And the unemployed, especially this time around, have little in the way of savings. They'll be forced to slash spending, delivering a huge dose of austerity to the economy as a whole. Sending checks to people who still have jobs won't have anything like the same impact 3/ — PolitiTweet.org

Posted July 21, 2020