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I've been making that point (that Trump is a big spender) since the GOP primary in 2015, and the threat posed by that increased debt it is one reasons that I take the economic impacts of the COVID shut downs (and the resulting government expenditures) as seriously as I do. It is, after all, my sig line
How did capitalism help us in this pandemic? Many companies that could step-up and make PPEs did not. Workers shuttered from their jobs needed financial assistance.
If you were in charge, you would have said: Keep everything open, and those who get the virus will either die or get better. Oh well.