Washington’s disaster relief reminds us that not even a pandemic deters the pursuit of plutocracy
, as “not relevant” because he presumes that “small businesses hopefully will be able to hire back a lot of those people” who were laid off. That is a lot of hoping and wishing for the guy who the bill gives sole control over that much money to invest in big industry, without supervision or accountability. Asin his blistering assessment of the relief package, the Federal Reserve can leverage the $500 billion fund 10 times over, making its value someone around $4.5 trillion.
Where does that leave workers in an economy that now promises to serve the needs of plutocrats over plebeians more than ever? The “better than nothing” adage may apply, as the bill is not without its short-term wins. Federal student-loan borrowers get six months of relief. The small business fund will help the industries in the most jeopardy, such as restaurants, though industry leaders are pushing for “business interruption coverage” that the relief package doesn’t include.
However, though the crumbs that this bill brushes down onto lower-income Americans may nourish some in the midst of this crisis, it won’t do so for long enough to withstand the potential effects of the pandemic. Regular unemployment benefits would be
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