Call: (646) 716-5812 – “Facebook LIVE” – Live stream: BlogTalkRadio (Entire USA) Radio Show Date: May 19th, 2020
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The bailout sounded great. But just like 2009, the spoils continue to move to the top. We discuss what we must do going forward.
Stephanie Ruhle made an important point about the Trump bailout stimulus. The big businesses will get bigger as the small businesses disappear. COVID must be transformational.
One can make large structural changes when economies take the kind of hit the world economy is taking. Things get so disruptive that one has to institute policies that fix things immediately as one rebuilds.
The thing is, only the voices that demand to be heard are listened to. They are the ones that dictate both the short term and long term solutions. The thing is that the short term solutions can lay the path for the ultimate long term outcomes.
Notes:
- ‘Monstrous Cruelty: As Hunger Soars, Trump USDA Resumes Effort to Take Nutrition Benefits From More Than a Million People
- Government Watchdog Sounds Alarm Over Appointment of Former Pharma Executive to Trump’s Covid-19 Vaccine Task Force
- ‘Slap in the Face‘: As Bezos Wealth Jumps $30 Billion Amid Pandemic, Amazon to End $2 Per Hour Hazard Pay for Workers
- McConnell says liability protections for businesses are a requirement; Pelosi and Democrats say no. And there’s no sign of compromise.
- Millions would forego COVID-19 treatment over cost.
- Covid-19 deaths likely much higher than the reported numbers.
- Mitch McConnell wants states to go bankrupt as opposed to giving them support. But of course, he never minded bailing out corporations.
- “Who Cares? Let ‘Em Get Wiped Out”: Stunning CNBC Anchor, Venture Capitalist Says Let Hedge Funds Fail and Save Main Street
The COVID pandemic has another hero.
We need Medicare for All
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‘No Excuse for This’: House Dems Unveil 1,815-Page Bill That Would Bail Out Corporate Lobbyists But Omits Key People-First Priorities
“Democratic leadership has had plenty of input from progressive thinkers over the past couple of months. They just care more about the input from corporate lobbyists.”
“Democratic leadership has had plenty of input from progressive thinkers over the past couple of months. They just care more about the input from corporate lobbyists.”
While there is much in the bill that progressives support, observers who combed through the nearly 2,000 pages of legislative text were quick to highlight sections and omissions that they deemed unacceptable.
The bill, which the House is expected to vote on as early as Friday, does not contain recurring direct cash payments, a paycheck guarantee, cancellation of rent and mortgage payments, or expansion of Medicare to cover the rapidly growing number of unemployed and uninsured Americans.
The legislation does, however, propose an expansion of Paycheck Protection Program (PPP) eligibility to include corporate lobbying organizations—which aggressively pushed for the change—and a bailout for landlords.
“Democratic leadership has had plenty of input from progressive thinkers over the past couple of months. They just care more about the input from corporate lobbyists,” tweeted HuffPost senior reporter Zach Carter. “There is just no excuse for this.”
BREAKING: House Democrats' new CARES Act proposal would expand PPP loan eligibility to *all* 501(c)(4) and (c)(6) groups with under 500 employees. Our research shows it would cover 99.9% of c6 trade groups. https://t.co/TtSP6aqYLG pic.twitter.com/5b788IRDsx
— Democratic Policy Center (@DemPolicy) May 12, 2020
Instead of expanding Medicare as progressives recommended, the HEROES Act “funds approximately nine months of full premium subsidies for the existing health insurance program COBRA, which allows laid-off or furloughed employees to stay on their health insurance plans,” Vox’s Ella Nilsen and Li Zhou reported.
Progressives have vocally criticized the COBRA proposal as a mere subsidy to the private insurance industry that would not be nearly as beneficial or cost-effective as the emergency Medicare expansion proposed by Sen. Bernie Sanders (I-Vt.) and Rep. Pramila Jayapal (D-Wash.).
[More]
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