I’ve been imploring Congressman Pete Stauber since March to help people in his district cope with the dire economic landscape this plague has created. He has failed.
To be fair, Stauber’s party has not been idle; controlling the Senate, they have pushed through packages amounting to many trillions of dollars – packages with little or no oversight – neatly designed to transfer immense sums to its corporate benefactors while sweeping crumbs to the people who really need it.
Picture two scenarios: No. 1, You own a small business; a pandemic mandates closure of the business to prevent its spread; you have limited reserves but you must protect your employees and your family, so you go to the bank for a loan to tide you over; the bank denies you for insufficient collateral; end of story – after a couple of months you have no choice but to go back to work and risk your life against Covid-19, and a couple of months after that, you’re forced to send your children back to the shuttered schools.
Or alternative No. 2: You are CEO of a major airline; when forced to shut down, you ask the bank for a loan to tide you over, so your workers don’t have to lose their jobs; with your huge fleet of planes as collateral, the bank readily grants you the money, and all that bailout money goes where it is needed.
Moral: there is plenty to go around -- the strong protect the weak. That’s the way it’s supposed to be, right?
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Guy Roger
Isle
