Lisa Larson-Walker/ProPublica
Posted in Bailout 2020 Business Common Dreams Coronavirus News While we were looking elsewhere

Jim Cramer: coronavirus pandemic triggered ‘one of the greatest wealth transfers in history’

Small businesses are “dropping like flies,” said the “Mad Money” host. by Andrea Germanos, staff writer Friday, June 5 CNBC’s Jim Cramer said Thursday that that coronavirus pandemic has triggered “one of the greatest wealth transfers…

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Posted in Bailout 2020 Common Dreams Coronavirus News Unemployment insurance

Analysis finds nearly one third of owed unemployment benefits have not been paid

Bloomberg found a $67 billion gap between the sum of benefits paid out by the Treasury Department and the amount that is owed to jobless Americans. by Jake Johnson, staff writer Wednesday, June 3 A Bloomberg…

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Posted in Bailout 2020 Investigations News Pro Publica

This Treasury official Is running the bailout. It’s been great for his family.

Deputy Treasury Secretary Justin Muzinich has an increasingly prominent role. He still has ties to his family’s investment firm, which is a major beneficiary of the Treasury’s bailout actions. by Justin Elliott, Lydia DePillis and Robert…

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Posted in Bailout 2020 News Worker Safety Workers

‘How the Trump White House sees you’: top economic adviser under fire for calling workers ‘human capital stock’

“They’ve always been indifferent to human life. And in the face of mass death, the masks are coming off.” by Jake Johnson, staff writer Tuesday, May 26 In a remark critics characterized as further evidence that…

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Posted in Bailout 2020 Coronavirus Housing News Pro Publica Safety Net

Rent is still due in Kushnerville

Government stimulus checks and a temporary ban on evictions are tiding over the suddenly jobless residents of housing complexes owned by Jared Kushner’s company. But what will happen when both soon run out?      …

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Posted in Bailout 2020 Common Dreams News

Small business owners to McConnell: Stop using our plight to push for Covid-19 corporate immunity

“With this perverse cost-shift, corporate immunity could result in only the most irresponsible corporations surviving the pandemic.” by Jake Johnson, staff writer Wednesday, May 20 A coalition of more than 30,000 small business owners across the…

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Posted in Bailout 2020 Coronavirus News

Economists Warn ‘Prolonged Depression Guaranteed’ If GOP Refuse Federal Aid to State and Local Governments

“The economy is currently approaching a knife edge in how recovery will proceed.” by Eoin Higgins, staff writer Wednesday, May 20 The ramifications of the coronavirus pandemic on the U.S. economy will be devastating enough to…

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Posted in Bailout 2020 Common Dreams Coronavirus News Unemployment insurance

With 36 million newly out of work, Trump says he’s willing to let boosted unemployment benefits expire

“This is the worst economic crisis in 100 years and Donald Trump is doubling down on Herbert Hoover’s economic playbook and pushing workers to risk their health for his political benefit.” by Jake Johnson, staff writer…

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Posted in Bailout 2020 Coronavirus News Pro Publica

Wedding planner, caterer, “brand builder”: Trump’s food aid program Is paying $100+ million to unlicensed dealers

Contractors with no experience in food distribution are looking for suppliers on Facebook while some food banks scramble to find desperately needed deliveries. by Isaac Arnsdorf Tuesday, May 19, 6 a.m. EDT A food relief program…

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Posted in Bailout 2020 Common Dreams Coronavirus Energy News

Trump slaps wind and solar industry with $50 Million in old rent bills while pushing big oil bailouts

‘Not Just Bad, It’s Pathological’   “Robbing from a clean energy future to prop up the dirty energy past.” by Julia Conley, staff writer Monday, May 18 While giving fossil fuel companies access to relief funds…

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Posted in Bailout 2020 Coronavirus News Pro Publica

Another private jet company owned by a Trump donor got a bailout — This one for $20 million

The two private jet companies are among the first 96 airline companies disclosed as recipients of taxpayer funds under the CARES Act. by Jake Pearson May 15, 5:02 p.m. EDT An Omaha, Nebraska-based private jet company…

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Posted in Bailout 2020 Common Dreams Coronavirus News Safety Net

Demanding ‘unprecedented’ action from Congress, Sanders says HEROES Act must include Medicare expansion and $2,000 monthly payments

“The Senate must improve this legislation if we are to adequately address the two most urgent needs facing working families right now: healthcare and economic security.” by Jake Johnson, staff writer Thursday, May 14 Sen. Bernie…

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Posted in Bailout 2020 Common Dreams Coronavirus News

Progressives sound alarm as BlackRock prepares to lead the Fed’s Covid-19 corporate bailout program

‘Conflicts of Interest Abound’ “We cannot afford to allow the interests of private corporations to supersede the needs of the American people and the long-term stability of our economy.” by Jake Johnson, staff writer BlackRock, the…

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Posted in Analysis Bailout 2020 Coronavirus Pro Publica

The bailout Is working — for the rich

The economy is in free fall but Wall Street is thriving, and stocks of big private equity firms are soaring dramatically higher. That tells you who investors think is the real beneficiary of the federal government’s…

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Posted in Accountability Bailout 2020 Coronavirus News

COVID bailout cash goes to big players that have paid millions to settle allegations of wrongdoing

by  Rachana Pradhan and Fred Schulte, Kaiser Health News May 9, 2020 The Trump administration has sent hundreds of millions of dollars in pandemic-related bailouts to health care providers with checkered histories, including a Florida-based cancer…

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We must go deeper in organizing and uniting people around a visionary and far-reaching agenda that calls for us to reorganize society around the needs and demands of the poor. (Photo: Poor People's Campaign/Twitter)
Posted in Bailout 2020 Coronavirus Editorial/opinon Opinion Safety Net

Poor People’s Campaign: We refuse to allow politicians and big corporations to balance state budgets by denying rights

Leaders are using the lie of scarcity to place the burden of the crisis on the poor while billionaires are becoming even richer and large corporations are getting bailouts. by Rev Dr Liz Theoharis Friday, May…

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Posted in Bailout 2020 Columns Coronavirus Rathke: Chief Organizer Report

Paid leave, who knew?

Little Rock   I thought I was paying pretty close attention, but this one slipped right by me. Who knew that part of the giant stimulus package included a first-of-its-kind paid leave provision? It must be me,…

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Posted in Bailout 2020 Common Dreams Coronavirus News Safety Net

Because one check ‘not nearly enough,’ Harris, Sanders, and Markey bill would provide $2,000 monthly payments for rest of Covid-19 crisis

“If we can bail out large corporations, we can make sure that everyone in this country has enough income to pay for the basic necessities of life.” by Jake Johnson, staff writer Friday, May 8 Sens….

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Posted in Bailout 2020 Common Dreams Coronavirus News Safety Net

Schumer says Democrats about to go “Rooseveltian” on Covid-19 relief. Progressives say we hope so

“Let’s see what they propose. Not holding hope too high though.”   by Eoin Higgins, staff writer Thursday, May 7   After Senate Minority Leader Chuck Schumer promised in an interview Thursday that he and House…

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Posted in Bailout 2020 Coronavirus News Pro Publica

Trump hasn’t released funds that help families of COVID-19 victims pay for burials.

In past national disasters, FEMA has given money to families of victims to help pay for funerals. After our story showing that Trump had not yet permitted that, the chairmen of two House committees demanded he…

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Posted in Bailout 2020 Coronavirus News

Progressives call again for ‘Peoples Agenda’ with eyes towards next relief package

“No more waiting for ‘next time.’ Next time is now.” by Andrea Germanos, staff writer Sunday, April 3 As the Senate prepares to reconvene Monday, progressive organizations are encouraging people to put pressure on lawmakers to…

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Posted in Bailout 2020 Business Columns Coronavirus Rathke: Chief Organizer Report Worker Safety

Workers and bosses are caught in a reopening Catch-22

Pearl River    In the United States when dealing with a program that is touted as a lifesaver for what will likely be fifty million unemployed workers and another program that is designed, ostensibly, to help…

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Posted in Bailout 2020 Common Dreams Coronavirus Health Care News

As millions stripped of health coverage amid Covid-19, House Dems unveil bill for emergency expansion of Medicare and Medicaid

“Our nation’s for-profit, employment-based healthcare system did not make sense before Covid-19 struck, and it is proving dangerous and deadly during the crisis.” by Jessica Corbett, staff writer Friday, May 1 Just a day after the…

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Posted in Bailout 2020 Coronavirus News Student Debt Workers

Betsy DeVos sued for garnishing wages of nearly 300,000 student loan borrowers during pandemic

“The Trump administration is taking money from borrowers who are living on the edge of poverty, in the middle of a pandemic, and in violation of the law.” by Julia Conley, staff writer A home health…

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