Told @FareedZakaria on GPS @CNN, America’s failure on COVID-19 is almost unimaginable. Heck, if the U.S. had handled the pandemic as well as Pakistan, we would have saved in neighborhood of $10 trillion.

The costs of an expanded testing system are trivial compared to the costs of tens of thousands of early deaths. Expanding testing should be a matter of utmost urgency.

Interest rates are essentially zero, telling us that the funds are available and won’t crowd out anything important. Instead it will push economy forward. All the dangers are on spending too little, not too much.

We should be making investments in renewing infrastructure, supporting state & local govt and helping the unemployed and lower income families. It cannot be that the highest priority in the US today is lending money to credit worthy corporations.