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Medicare for All will look great as COVID-19 pandemic bills come due.

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Today a neoliberal governor made the case for Medicare for All. When the COVID-19 healthcare bills of millions of Americans come due, it will be a dereliction of duty not to force it.

Medicare for All continues to peek through every door. COVID-19 will make it imperative for most.

Currently America is still in suspension and shock. But as the corporate vultures regain their footing, rest assured their behavior to maximize profits by extorting Americans for their COVID-19-caused expenses will begin.

Notes:

COVID-19 is real.

We need Medicare for All

I want your stories. Have you had issues with your healthcare coverage? Have you had billing issues? Did you feel like your insurance company was trying to pull one over on you? I am interested in every story you have with regards to healthcare. Drop me a line at info[@]politicsdoneright.com. Let’s make Medicare For All a reality.

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Fed Economists Warn US Unemployment Rate Could Soon Reach 32%—During Great Depression It Peaked at 25%

“These are very large numbers by historical standards, but this is a rather unique shock that is unlike any other experienced by the U.S. economy in the last 100 years.”

Economists at the Federal Reserve Bank of St. Louis are warning that if the current rate of U.S. job losses continues, the country’s unemployment rate could reach a staggering 32.1% by the end of June as the coronavirus pandemic-induced downturn sparks mass layoffs across the nation.

Miguel Faria-e-Castro, an economist with the St. Louis Fed, wrote in an analysis last week that 47 million more workers could lose their jobs by the end of the second quarter of 2020, bringing the total number of unemployed people in the U.S. to 52.8 million. As CNBC noted, that number would be “more than three times worse than the peak of the Great Recession.”

Faria-e-Castro’s projection of 32.1% unemployment would put the U.S. jobless rate significantly higher than the Depression-era peak of 24.9%.

“The projections are even worse than St. Louis Fed President James Bullard’s much-publicized estimate of 30% [unemployment],” CNBC reported. “They reflect the high nature of at-risk jobs that ultimately could be lost.”

Faria-e-Castro stressed that “the expected duration of unemployment” could matter more “than the unemployment rate itself, especially if the recovery is quick (and so duration is short).”

“These are very large numbers by historical standards,” Faria-e-Castro wrote, “but this is a rather unique shock that is unlike any other experienced by the U.S. economy in the last 100 years.”

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