Traders at the New York Stock Exchange (NYSE)
AFP / Johannes EISELE
Senate Republicans, led by Majority Leader Mitch McConnell (R-KY), appear unlikely to consider whether to enact a new round of stimulus until July.
On Friday, Scott Greenberg, a former writer with the conservative-leaning Tax Foundation, warned in a lengthy Twitter thread that U.S. policy makers are not taking the economic crisis seriously — and could worsen the problem with inaction.
I'll probably be away from twitter for at least the next week. So, before I go, a quick rant about how policymakers… https://t.co/NSIboRwJIk— Scott Greenberg (@Scott Greenberg) 1592590862.0
I worry that: 1) The U.S. economy has already suffered a lot of harm, and our policies for alleviating that harm co… https://t.co/VWDXnltAnB— Scott Greenberg (@Scott Greenberg) 1592590904.0
Back in March, it seemed like we had a rare consensus. Businesses and individuals would have to disrupt their daily… https://t.co/eTbSypRLsu— Scott Greenberg (@Scott Greenberg) 1592590949.0
In retrospect, some parts of the policy response worked surprisingly well. The financial markets remained stable, t… https://t.co/e5w2cRK0Ep— Scott Greenberg (@Scott Greenberg) 1592591019.0
But the economy is still in very bad shape. We still don't know how many small businesses will end up bankrupt. Sta… https://t.co/NwD51A4W0r— Scott Greenberg (@Scott Greenberg) 1592591068.0
My first worry is that lawmakers aren't committed enough to alleviating the economic harms that have already occurr… https://t.co/Fpmh2yuS2O— Scott Greenberg (@Scott Greenberg) 1592591121.0
Even in the best case scenario—if the virus continues to subside, and more and more people can return to normal lif… https://t.co/Y2jyvyJc6V— Scott Greenberg (@Scott Greenberg) 1592591151.0
And that's the best case scenario. My second worry is that we're not economically prepared for what happens if the… https://t.co/fLfyhSOZqg— Scott Greenberg (@Scott Greenberg) 1592591202.0
In March, lawmakers had to scramble to put together a policy response. This time, it doesn't have to be that way! L… https://t.co/RASawYfaAX— Scott Greenberg (@Scott Greenberg) 1592591239.0
We have time to come up with better plans. We should be thinking about ways to get money out faster. We should be t… https://t.co/8Zwt68i0Vf— Scott Greenberg (@Scott Greenberg) 1592591271.0
I understand that elected officials have an incentive to reassure people that the economic recovery is proceeding s… https://t.co/i5kIGd4yjM— Scott Greenberg (@Scott Greenberg) 1592591314.0
Anyway, sorry for the long thread. None of this is original to me, but I just don't think people are sufficiently a… https://t.co/TrIrcBoy4S— Scott Greenberg (@Scott Greenberg) 1592591437.0
