Holy cow! What a load of revisionist economic mumbo-jumshit! Ha!
Employment? Ask the assembly-line employees who had to replace all those cars on dealers' lots... they didn't get laid-off. Those employees kept their jobs.. and paid their mortgages, the same as the salespeople, managers, etc. who were also getting no checks or draw checks on Friday afternoons.... Their houses didn't hit the market.
That's like saying the paddles that jump-started the non-beating heart had no effect on the future performance of the heart. Yeah -- after v-fib, IF you get the ticker pumping again, it pretty much goes back to pumping to same way it did before it went into arrest... but it's still pumping, and that's the whole point.