Wednesday, January 27, 2021

Biden's stumbling, bumbling first steps on COVID-19 expose his weak, feeble plan; His swampy stimulus package fails working Americans, and other C-Virus Updates

AP Photo/Evan Vucci
Biden's stumbling, bumbling first steps on COVID-19 expose his weak, feeble plan:/b>
Right out of the chute, President Biden made a big blunder. Just hours after taking the oath of office, the new president and his family headed over to the Lincoln Memorial for a little nighttime photo-op.
It was his first (but certainly not his last) do-as-I-say, not-as-I-do moment as president.
Remember, Mr. Biden had just signed an executive order mandating the wearing of COVID-protection masks on all federal property. But the president and others posing for pictures were seen without masks, standing shoulder to shoulder.
Asked about the hypocrisy, new press secretary Jen Psaki defended the president as only a White House flack can do.
“He was celebrating an evening of a historic day in our country, and certainly he signed the mask mandate because it was a way to send a message to the American public about the importance of wearing masks, how it can save tens of thousands of lives. We take a number of COVID precautions, as you know, here, in terms of testing, social distancing, mask-wearing ourselves, as we do, every single day, but I don’t know that I have more for you on it than that.” --->READ MORE HERE
AP Photo/Evan Vucci
Biden's swampy stimulus package fails working Americans:/b>
Millions of Americans are still unemployed in the wake of COVID-19 shutdowns. Unfortunately, President Biden’s so-called American Rescue Plan fails to provide targeted relief to those directly impacted by the pandemic.
Instead, it borrows nearly $2 trillion more from future generations in order to dispense $1,400 checks to tens of millions of Americans already gainfully employed. It also funnels $440 billion to state and local governments, and bolsters federal unemployment benefits.
In addition, it imposes a jobs-killing minimum wage hike. This is atop $4.5 trillion of COVID-19 related stimulus and relief measures, including a $900 billion package enacted at the end of December.
These proposals constitute a long-term drag on economic growth. More stimulus checks will not further this economic recovery and flow mainly to those gainfully employed.
Importantly, this is not a typical economic recession. For the first time in our nation’s history, governments intentionally suppressed output and demand in an attempt to contain the virus. As such, we shouldn’t try to treat this recession with fiscal policy used to address a far different, “normal” type of recession. Last year’s stimulus checks did little to “stimulate” the economy, and instead were largely saved by consumers, not spent. --->READ MORE HERE
Follow links below to related stories and resources:

Lawmakers push back on $1.9T COVID-19 relief package as Biden digs in

First US case of Brazilian coronavirus mutation found in Minnesota

USA TODAY: Coronavirus Updates

WSJ: Coronavirus Live Updates

YAHOO NEWS: Coronavirus Live Updates

NEW YORK POST: Coronavirus The Latest

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