White House: Hand-outs for the Rich Guys, No More Help for Ordinary Americans in Need

During the 2008-09 financial crisis, banks got trillions of dollars of free bailout money. Ordinary Americans got sold out.

A protracted main street Depression remains ongoing since that time, greatly deepening for millions of US households with real unemployment already at Great Depression levels and rising exponentially in what’s shaping up perhaps to be the Greatest Depression, what economist Nouriel Roubini envisions.

History is repeating. Americans in need are getting crumbs alone from the great congressional corporate bailout Trump signed into law days earlier.

It’ll likely to be greater than what was doled out in 2008-09 when the dust settles, including from massive Fed money printing madness — free money handouts to business and large investors at a time when growing millions of US households are broke, unemployed, and food insecure, along with growing thousands ill from COVID-19.

Congressional Dems and Republicans colluded with the Trump regime in arranging an unprecedented wealth transfer from ordinary Americans to privileged ones.

According to WaPo’s White House economics reporter Jeff Stein, the prospect for further main street aid is “zero,” citing an unnamed White House source, saying:

“No more spending. We did all the spending” — when much more is needed for millions of US households in need.

House speaker Pelosi and Dem Senate minority leader Schumer falsely claimed more aid is coming for ordinary Americans.

The time to get it was in the now enacted great giveaway to business, large investors, and other high-net worth households.

Republicans and undemocratic Dems don’t give a damn about the rights, needs, and welfare of ordinary Americans, just privileged ones.

It notably shows in legislation now the law of the land since the neoliberal 90s — a bonanza for the nation’s privileged class, hard times getting much harder for the vast majority of Americans.

When needed in Washington to serve them during deepening hard times, Congress is recessed until April 20.

It’s at a time when unemployment is likely to surge, along with sharply rising COVID-19 outbreaks, making it hard for the nation’s healthcare system to cope.

There aren’t enough hospital beds in US cities with large-scale COVID-19 outbreaks to handle numbers of patients needing hospitalization.

New York’s Central Park was transformed into a makeshift hospital — supplemented by a US Navy hospital ship with 1,000 beds.

Chicago’s McCormick place is being transformed into a makeshift 3,000-bed hospital by end of April — 500 beds expected to be ready in a week.

Similar efforts are likely elsewhere in the US as numbers of COVID-19 outbreaks keep growing exponentially — through Monday numbering about 165,000.

It’s guesswork as to when numbers will peak, but they’re certain to be much greater than now — taxing healthcare facilities and medical staff more greatly than any time in modern memory.

US prisons are breeding grounds for widespread coronavirus outbreaks.

Last week, the New Yorker said they’re spreading “like wildfire (in) New York’s prisons.”

As of Monday, at least 134 Cook County, IL detainees in the greater Chicago area were diagnosed with COVID-19.

Federal, state, and local authorities need to empty prisons of nonviolent inmates who pose no threat to society to prevent a potential tsunami of outbreaks behind bars.

There’s no time to delay. Trump should use his bully pulpit to urge mass releases nationwide and order it for federal prisons.

Many hundreds of inmates were already diagnosed with COVID-19. In crowded prisons, they could spread it like wildfire to countless others.

These are very stressful times for most people everywhere.

On top of hardships they face in normal times, increasing numbers of highly contagious COVID-19 outbreaks, rising unemployment, and suspension of social interactions, makes it increasingly hard for most people to cope.

Most concerning is there’s little clarity on how long the current status quo will last.

Now is the time when all-out government help is most needed. It’s large-scale for privileged Americans, crumbs alone for the vast majority with little prospect for improvement.


Note to readers: please click the share buttons below. Forward this article to your email lists. Crosspost on your blog site, internet forums. etc.

Award-winning author Stephen Lendman lives in Chicago. He can be reached at [email protected]. He is a Research Associate of the Centre for Research on Globalization (CRG)

His new book as editor and contributor is titled “Flashpoint in Ukraine: US Drive for Hegemony Risks WW III.”


Visit his blog site at sjlendman.blogspot.com.

Comment on Global Research Articles on our Facebook page

Become a Member of Global Research

Articles by: Stephen Lendman

About the author:

Stephen Lendman lives in Chicago. He can be reached at [email protected] His new book as editor and contributor is titled "Flashpoint in Ukraine: US Drive for Hegemony Risks WW III." http://www.claritypress.com/LendmanIII.html Visit his blog site at sjlendman.blogspot.com. Listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network. It airs three times weekly: live on Sundays at 1PM Central time plus two prerecorded archived programs.

Disclaimer: The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible for any inaccurate or incorrect statement in this article. The Centre of Research on Globalization grants permission to cross-post Global Research articles on community internet sites as long the source and copyright are acknowledged together with a hyperlink to the original Global Research article. For publication of Global Research articles in print or other forms including commercial internet sites, contact: [email protected]

www.globalresearch.ca contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of "fair use" in an effort to advance a better understanding of political, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than "fair use" you must request permission from the copyright owner.

For media inquiries: [email protected]