That might be worded a bit too dramatic.
Anyways, it is good for people if more of the available money is invested in necessary and useful things. Like energy-saving technology, decarbonization, solar power, cheap electric cars and so on. The world is in the biggest technological transformation of the last 150 years: The transformation away from fossil power… and most US ecomical leaders are sleeping at the helm.
They’re up today broadly, major indexes at least, haven’t recovered yesterday’s losses but up on the news today.