alt Hacker NewsCovid shutdown should have killed our economy, nothing short of government spending prevented otherwise.
So many people in the US live a paycheck to paycheck lifestyle, that the covid lockdowns without government spending would have likely devolved into zombie apocalypse territory where hungry people were ransacking homes in more affluent neighborhoods (yes, even occupied homes). This is why people also bought lots of guns and ammo during Covid. You may think those people are crackpots, but I feel we actually got very close to it happening.
My local food bank (big city) ran out of supplies just as they announced the first waves of stimulus or whatever they called it (the weekly checks). So I’m pretty sure we were literally only days away from that being a reality.
Do you think the food bank gives you all of your meals everyday? One day not open and people are eating each other.
They wouldn't ransack home in rich neighbourhoods for food for a million reasons (too far, too weak, roads are closed, rich homes have security, rich people have as much food at home or less compared to an average person). They would break into the supermarkets first, then each others homes around them before what was left would organize and go searching.
The checks helped and were the right call but we weren't close to a zombie outbreak.