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Coronavirus shows for whom they care. Let’s care for us.

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Call: (646) 716-5812 – “Facebook LIVE” – Live stream: BlogTalkRadio (Entire USA) Radio Show Date: March 23rd, 2020
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Coronavirus has Americans in their second week of lockdown. Many are suffering. As we help each other our politicians continue using pandemic to enrich and protect a few with their corporate stimulus.

Coronavirus shows for who they care. Let's care for us.

A large percentage of Americans are at home.

MY HEROES: Garbage collectors, nurses, doctors, medical personnel, grocery store employees, firefighters, police officers who don’t murder or disrespect POCs, utility workers, repairpersons, delivery persons, and those out there I have forgotten to mention.

As Congress is expanding the money supply to reinflate the economy, these are the people who deserve additional hazard pay. Executives sitting in cozy offices who bear the brunt of the responsibility for making things so “efficient” that caused the slow response to pandemics and underpay real workers while causing the deaths of many, deserve nothing.

Those who are home need to start blowing up the phones to your congressperson and senators letting them know they will pay a price for corporate bailouts. Give the money to the people and let the corporation compete for those dollars. That is how they claim it works, right?

Are you tired of corporate socialism? Let’s get some social and economic wellbeing for the masses. We have a window here people. That the economy will tank this badly over a virus means the model is wrong. Let’s talk about it.

Today we will cover the politics and immoral economics of the coronavirus pandemic. The topics we are covering follows:

Notes:

Coronavirus must be an economic teaching tool.

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Dems seize on ‘slush fund’ to oppose Republican rescue package

“Senate Democrats ripped a GOP proposal to give the Trump administration $500 billion in funds for companies with little oversight.”

As Senate Democrats went to the floor Sunday night to vote — the first time they’d been there in days — they had one thing on their minds: a secret “slush fund” for Corporate America.

That’s what Democrats are calling a $500 billion “Exchange Stabilization Fund” included in the massive Senate GOP proposal to rescue the U.S. economy from the coronavirus crisis. The fund, which would come under the control of Treasury Secretary Steven Mnuchin, is designed to aid distressed industries. It includes $58 billion for U.S. airline and air cargo companies, a source of significant controversy during the last three days of closed-door talks between senators of both parties and the White House.

But the language drafted by Senate Republicans also allows Mnuchin to withhold the names of the companies that receive federal money and how much they get for up to six months if he so decides.

That was way too much for Democrats, many of whom lived through the political furor surrounding the 2008 financial-services industry bailout. They remember facing the populist backlash and being pounded by the “Occupy Wall Street” movement. They aren’t going to do it again.

“We’re gonna give $500 billion in basically a slush fund to help industries controlled by Mnuchin with very little transparency? Is that what we ought to be doing?” asked Sen. Mazie Hirono (D-Hawaii.).

“We’re not here to create a slush fund for Donald Trump and his family, or a slush fund for the Treasury Department to be able to hand out to their friends,” railed Sen. Elizabeth Warren (D-Mass.), who made corporate accountability a big part of her White House campaign. “We’re here to help workers, we’re here to help hospitals. And right now, what the Republicans proposed does neither of those. “

Even moderate West Virginia Democrat Joe Manchin lashed out at the Republicans over the lack of controls on the Exchange Stabilization Fund.

“It’s throwing caution to the wind for the average person working on Main Street, it’s balls to the walls for the people working on Wall Street,” Manchin declared. “It’s the same ol’ story from Mitch McConnell.”

Senate Democrats had other high-profile issues that also led to their Sunday vote to block the stimulus bill. They sought four months of increased unemployment insurance support, but only got three months; they sought hundreds of billions of dollars in emergency funds for hospitals and other health-care providers to combat the coronavirus, yet Republicans budgeted just $75 billion; and they asked for hundreds of billions for a “State Stabilization Fund” to help state and local governments hurt by the looming economic slowdown, while Republicans offered far less.

But the key to the unanimous set of Democratic ‘no’ votes — and what made it easy for Senate Minority Leader Chuck Schumer (D-N.Y.) to line them up — was the “slush fund” accusation.

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