[jyl]

I’d have limited the PPP to small and medium biz, with the bulk set aside for the smallest companies, and limited total unemployment insurance to around $1.5K/mo.

The reality is that most people who lost their jobs were in sectors that are pretty low-paying - restaurants, hotels, bars, small retail stores. I’ll bet their average income was under $30K/yr. UE should be lower than regular income, so $1.5K/mo = $18K/yr in UE would have been about right. I also think rent and mortgage forbearance was a good idea, but corresponding assistance to small landlords was also needed.

I’m not really that critical of the initial PPP and UE/PUA programs. It was an emergency, things don’t get done perfectly in emergencies, you do the best you can and learn what needs to be done better for the second round. The thing I’m frustrated about is the long delay and inadequate scope of the second round.