A plan to save Main Street from the Coronavirus economic crisis...
[thefederalist.com]
House Speaker Nancy Pelosi’s coronavirus bill is not enough. It is not nearly enough. And if there is any hope of keeping the U.S. economy from free fall, its deficiencies must be addressed this week with a combination of immediate and direct aid to the businesses that feed our families, host our celebrations, employ our neighbors, sponsor our Little Leagues, and make our towns our homes.
The House bill starts off right. Free-testing, paid sick leave, and shoring up Medicare, food stamps, and unemployment insurance. But that’s it. The problem with this wish list is it fails to shore up small and mid-sized businesses, which means it barely begins to address the upward-cascading nature of the destruction.
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Feel free to reply to any comment by clicking the "Reply" button.Remember the 9 trillion dollars of "quantitative easing?" Did you see any of it? I didn't. When the government gives large amounts of money to "contractors" to administer, most of it goes to the contractor, and a good deal of it gets kicked back to the politician that passes the bill. Local charities, churches and foundations are ALWAYS the preferred method of serving those in need. For one thing local charity is accountable. Everyone knows who they are and where they live. For another, the statistical percentage of value delivered is usually many times the value filtering out of government payouts. Think Katrina. Billions of dollars and name anyone from there and the payout they received.
TimTuolomne
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Mar 17, 2020
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