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Tag "stimulus"

A “Brazen Giveaway” GOP HEALS Act is a $30 Billion Bonanza for the Pentagon

    A “Brazen Giveaway” GOP HEALS Act is a $30 Billion Bonanza for the Pentagon

On Monday the Senate GOP released their outline for a new $1 trillion coronavirus stimulus package. A successor to March’s CARES Act, the 177-page document, named the HEALS Act, includes no funding for hazard pay, the Postal Service, state and local governments, nutrition assistance, or help for uninsured or underinsured Americans, but incorporates a $29.4 billion…

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The Dem’s $3 Trillion Dollar HEROES Act Can Not Brace Us for the Coming Shock

    The Dem’s $3 Trillion Dollar HEROES Act Can Not Brace Us for the Coming Shock

The actual number of people who stand to benefit the most from last month’s CARES Act could fit into Dodger Stadium and still have plenty of elbow room to catch any foul balls that might come their way. Just 43,000 of the richest Americans, those making at least $1 million a year, were handed a $1.6…

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No Stimulus for the Weary: The US is Now Sitting on an Inflation Time Bomb

    No Stimulus for the Weary: The US is Now Sitting on an Inflation Time Bomb

The consequences of the $2.2 trillion stimulus package are being ignored, even by the White House budget office that put it together, admitting that the package had “come together so quickly,” that they had no time “to do the customary modeling of its fiscal impact.” What does appear to have consensus in financial circles is…

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As One of the Largest Bailouts in History Looms, “Crisis-Ridden” Corporations Reap Record Profits

    As One of the Largest Bailouts in History Looms, “Crisis-Ridden” Corporations Reap Record Profits

Hospitals overflowing with sick and dying patients. Overworked staff risking their lives wearing garbage bags as makeshift protective equipment against an invisible but deadly virus. Refrigerated containers left outside medical facilities, filling with the dead. Mass graves being dug in the city. It is like something out of a horror movie. But it is very…

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Tenth Anniversary Of Financial Collapse, Preparing For The Next Crash

  Tenth Anniversary Of Financial Collapse, Preparing For The Next Crash

Ten years ago, there was panic in Washington, DC, New York City and financial centers around the world as the United States was in the midst of an economic collapse. The crash became the focus of the presidential campaign between Barack Obama and John McCain and was followed by protests that created a popular movement,…

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