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Nationalist Pundit

America First and Always!

Blog posts : "economy"

Pandemic Economics

The Senate failed to pass a Coronavirus relief bill last night.  Senate Democrats and Republicans are squabbling over details.  Somehow, the proposed $1.8 Trillion dollar plan has less economic relief than the $1.3 Trillion dollar package proposed by the Trump White House.  Over in the House, Nancy Pelosi vows to put forward her own version, further complicating and delaying assistance to the American People.  Some of the points being bickered over are the amount of direct payments to citizens to help them through the pandemic crisis.  Also, details like whether or not there will be one or two such payments, as well as whether support to corporations will allow to be used for stock buy-backs.  While this goes on, there is now much chatter about whether or not the Coronavirus response is doing more harm than good.  That the potential harm to our nation's economy is worse than the potential of 2 to 4 million dead Americans should restrictions on social gatherings be lifted.

 

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