[2006alum]

I view Wilbur Ross and Donald Trump and Betsy DeVos as corporations and not people who are going to require $1200 checks to survive. Point being is that big business and the financial sector are going to get taken care of because they are the ones who donate to politicians. The little people merely sometimes vote.

Reposting the below paragraph because it seems to have gotten lost in its original thread:
It is my strong belief that one reason why Wall Street is being prioritized over Main Street is that it is very easy to ascertain what volume of corporate debt will default and by what date, and to respond accordingly. Our aggregated data for renters, landlords, and the un- and under-employed is based on imperfect surveys that are often weeks behind real time. When you have limited resources and well-resourced constituencies, you respond to the need you can quantify (and hear on the other end of the phone) over the one you can't quantify easily and will never hear from directly. This is where a 50-state unemployment system and a 50-state landlord/tenant scheme makes it very hard to quantify the need and scale of potential federal intervention.

I think we need better real-time data on rent payments, partial employment, etc. One reason why Wall Street wins over Main Street is better real time data that can be handed to decisionmakers in a single table. The vast majority of Main Street's economic pain trickles into tables and charts haphazardly, weeks to months behind when it actually happened.

And yes, greed and cronyism too. But even earnest, well intentioned policymakers will prioritize the fires they can quantify and measure the water needed to put out as compared to the fires far in the distance that won't show up at your doorstep for weeks to months.

[2006alum]

I view Wilbur Ross and Donald Trump and Betsy DeVos as corporations and not people who are going to require $1200 checks to survive. Point being is that big business and the financial sector are going to get taken care of because they are the ones who donate to politicians. The little people merely sometimes vote.

Reposting the below paragraph because it seems to have gotten lost in its original thread:
It is my strong belief that one reason why Wall Street is being prioritized over Main Street is that it is very easy to ascertain what volume of corporate debt will default and by what date, and to respond accordingly. Our aggregated data for renters, landlords, and the un- and under-employed is based on imperfect surveys that are often weeks behind real time. When you have limited resources and well-resourced constituencies, you respond to the need you can quantify (and hear on the other end of the phone) over the one you can't quantify easily and will never hear from directly. This is where a 50-state unemployment system and a 50-state landlord/tenant scheme makes it very hard to quantify the need and scale of potential federal intervention.

I think we need better real-time data on rent payments, partial employment, etc. One reason why Wall Street wins over Main Street is better real time data that can be handed to decisionmakers in a single table. The vast majority of Main Street's economic pain trickles into tables and charts haphazardly, weeks to months behind when it actually happened.

And yes, greed and cronyism too. But even earnest, well intentioned policymakers will prioritize the fires they can quantify and measure the water needed to put out as compared to the fires far in the distance that won't show up at your doorstep for weeks to months.