“The Enemy of The People,” Senate Majority Leader “Moscow Mitch” McConnell, looks at the millions of Americans out of work and struggling financially, waiting in food lines and facing utility shutoffs and eviction from their home this winter, and does his best impression of the “Soup Nazi” from Seinfeld: “No stimulus for you!” It’s not … Read more
On July 1, Congress voted to extend the deadline for small businesses to apply for approximately $134 billion in Paycheck Protection Program funds until Aug. 8, before Congress departed for a two week Fourth of July recess. Last week, Treasury, SBA missed the deadline to disclose small business loan data for the Paycheck Protection Program. “[T]the … Read more
The U.S. economic response to the coronavirus pandemic has been entirely ass-backwards and is doomed to cause greater economic pain in coming months. It relied on antiquated state unemployment insurance systems that Republican states have specifically designed to be hard to use to dissuade the unemployed from filing for benefits to which they are entitled, … Read more
The Democrats in the House of Representatives released the details of a fifth Coronavirus related Stimulus bill that costs as much as the first four legislative measures combined. In releasing this bill, Speaker Nancy Pelosi may have just framed the choice voters will have to make when they vote in November 2020. Will they support … Read more