https://www.nytimes.com/2021/03/16/us/politics/obama-stimulus-democrats.html
heh
Wasn't it Larry Summers who engineered the Obama recovery policies along with Geithner and Bernanke?
HBO made a film about it
https://www.imdb.com/title/tt9419838/. I recall Geithner saying that they didnt help the population as much as they could because people wouldn't learn their lesson if they cleared their debt.
Whenever some sort of relief is provided during this crisis the general argument seems to be that the people in a bad spot aren't to blame. But with other crises (Greece, 2008) they always blamed the people for the failure of their system.
Biggest difference between now and 2008 is that the banks and wall street are on a permanent stimulus with low interest rates and QE so in this 'official' one so to speak there's more room for other priorities.
I'm not as bullish on this as Goldman Sachs is though. I understand why they're happy, they invested in this outcome. We're doing the exact same thing that the politicians in the 90's did (and why we hate them) we push the bill to the next generation.