Tag: $2000 checks

With COVID Relief Still Under Debate, Where Do We Go from Here?

By Nic Woods

President Donald Trump signed late Sunday evening the omnibus funding package, including $900 billion in coronavirus relief that Congress passed last week after denouncing the $600 relief checks to taxpayers as “disgraceful.”

The amount – $600 – is paltry, but so is the $2,000 Trump and Democrats in the House of Representatives sought, but Congressional Republicans blocked. 

The $2,000 may have helped six months ago, but it is all too little now for the households that need it most.

The relief the bill claims to offer does not make up for lost wages from closed businesses and, for those facing eviction, $2,000 is only a drop in a bucket that has grown larger for months. For small businesses that have really taken a hit (many of which were never able to receive funds in the first round “stimulus” bill) any relief may come too late to delay the inevitable. 

Many iconic places across the nation have already closed for good.

While an abomination, but also an opportunity for discourse that should happen post-COVID, along with health care, separating life security from job security is a conversation long overdue. If anything, the pandemic has shown what our country looks like when unfettered capitalism fails us all.

Because the “invisible hand of the market” does not work if supply and demand are as out of whack as they have been since March. As Harvard Business School economist Michael Luca told The New York Times back in October, “if a market is not safe, people won’t participate in it.” 

So COVID-19 has only exacerbated a process that has been occurring for much of the past 50 years. Secure, well-paying jobs with benefits were going the way of the dodo bird prior to 2020. Now service jobs – which have become a pillar of our economy, but also tend to require close contact – are in deep trouble. Retail and hospitality will continue to suffer unless they can guarantee worker and customer safety, and even large companies that did well during the outbreak are shedding jobs. 

Even the gig economy, which so many have relied on to make ends meet until jobs open up, has become oversaturated, with more shoppers, personal assistants, delivery persons and drivers than individuals or companies that need them.

But one thing is for sure. People who are not used to living in full, constant survival mode are going to be increasingly disgruntled having to scrounge for food, shelter, and clothing while others are making out like bandits. And it is something we must start talking about, because it is not just affecting the working class anymore. In a global pandemic, everyone is affected. 

And money protects no one when only some have it and others don’t. So, to those who fear socialism? What if a little is necessary to save capitalism from itself and keep the destitute from aiming their pitchforks at your door?

Nic Woods dedicates this column to the memory of anthropologist, activist, and author David Graeber, who died Sept. 2. Graeber’s work laid the groundwork that inspired Woods to write the column.

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Trump Signs $900-billion COVID Relief Package

By Todd Lassa

President Trump signed the $900-billion COVID-19 emergency relief Sunday night while enjoying an extended Christmas weekend at Mar-a-Lago. He had left Washington last week while erstwhile Senate Republican allies fumed because he wanted $2,000 checks to taxpayers, calling the $600 checks in the bill, and items he considers excessive “a disgrace.”

The president’s signing of the bill also averts a federal government shutdown Monday night, with $1.4-trillion to fund the government through fall of 2021. In addition, the bill provides eviction protection for millions of people, who would have otherwise faced potential homelessness. 

“I will sign the omnibus and COVID package with a strong message that wasteful items need to be removed,” Trump said, according to Politico. He said he planned to send back to Congress a “redlined” version with items to be removed from the bill, which has no effect on its passage.

Last week Trump vetoed a $740.5-billion defense spending bill for the coming fiscal year, because it contained a provision to rename military bases named for Confederate leaders, and online liability protections. Like the COVID relief bill, the defense spending legislation was passed by veto-proof Senate majorities. The Senate is scheduled to return to the Capitol Tuesday. 

For one Coronapocalipse weekend, Trump and Pelosi appeared to be on the same political page, as Pelosi was eager to take up the president’s demand for bigger relief checks, even after months of negotiations between her and Treasury Secretary Steven Mnuchin landed on the $600 figure. The House will vote on a separate bill Monday that would increase the payments to $2,000.

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