Senior economist says the $2 trillion stimulus bill isn't big enough - Business Insider

spends her days immersed in data. She's continually referencing charts and models of employment levels, productivity, and wage stagnation. Her job is to absorb the relevant data from those dry reports and synthesize them into economic stories that speak to the average American, in an effort to reduce inequality and improve the lives of workers. She's very good at her job.

"One of the best things about the CARES Act is how big it was," Shierholz begins. "That really, really matters because we are facing something like we've never seen before." The fact that Congress didn't even entertain serious dissent about the size of the CARES Act signifies that lawmakers understand the scale of the disaster that we are facing down. She's impressed, too, with "the fact that Congress moved quickly.

Though she categorizes the CARES Act's unemployment insurance as a huge win, Shierholz said there's a loophole in the policy large enough to cause a series of outbreaks around the country: "Undocumented immigrants do not have access to any of the unemployment insurance benefits," she explains. Hanauer suggests that corporate bailouts should have had one major string attached. If a corporation takes the bailout money, he said, it should be under the condition that "the public owns a piece of your company — and that it's a preference above the existing shareholders." He said this would be a straightforward option for corporations in trouble: "If you really need the money, then you'll take the money.

paulconstant

paulconstant if you don't want to use the economic system I invented, well then invent your own but don't keep running this old one that has gotten our ecosystems teetering and wonder if things are going to okay.

paulconstant lol you guys keep printing out large sums of money periodically every time something goes wrong... why not just invent a proper economic system?

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Senior House Democrat says talks continue on measure to boost small-business aidThe second-ranking Democrat in the House said Wednesday he remains hopeful an agreement on additional aid to small businesses can still be worked out on... Democrats are blocking desperately needed financial aid in their despicable attempt to force higher U.S. taxpayer funding for illegal aliens, abortion and infanticide. Democrat politicians and left-media are bigger enemies of the American people than coronavirus. 😂 they blocked it and delayed it. They haven’t done a thing this year.
Source: MarketWatch - 🏆 3. / 97 Read more »