How Can We Force Congress to Give Money to Average Americans, Instead of High Level Grifters?

Thom plus logo When Congress put together the $2 trillion CARES2 Act they added a Congressional Oversight board. That board just released its first report, and it is shocking. Former "Foreclosure King" and current Treasury Secretary Steve Mnuchin is in charge of what it is, essentially, a $500 billion slush fund.

To prevent him from using it to help out his and Trump's rich buddies, Congress mandated the only companies that could demonstrate they have been harmed by the economic fallout of the coronavirus could qualify for money, that it would have to be used to retain employees, and that the money will be passed out in relatively small amounts.

Now, it turns out, Mnuchin has rewritten the regulations so that an individual company can get up to $200 million (because so many small businesses need to buy a new private jet), only has to make "commercially reasonable efforts" to hang onto or help their employees during the term of the loan (so they can put financial considerations ahead of the health of their workers), and no longer has to prove that they are financially in trouble because of the coronavirus.

Additionally, most of the money has not been distributed, although it now appears that a major Trump donor who runs a private jet company that shuttles rich people and executives to private high-end golf resorts got one of the very largest payments to date.

Giving professional grifters like Steve Mnuchin and Donald Trump hundreds of billions of dollars to give away or spend at their own discretion is like dropping a couple of alley cats into a cage full of canaries. Once again, the grifters get rich and the average American gets screwed.

-Thom

Comments

deepspace's picture
deepspace 22 weeks 4 days ago
#1

Whatever they're doing to help our fckd economy and citizens, it ain't working. Evidently, Republicans are praying to the wrong god (of greed). Or maybe they just really pissed off Jesus this time. A portrait of losers -- good luck winning anything in November, if the People remember.

Legend 22 weeks 4 days ago
#2

Ruth Chris Steakhouse and the LA Lakers got millions weeks ago. Most of the actual poor individuals have not received anything. Supposedly the checks go out starting on the 22nd.

Douglas Barnett's picture
Douglas Barnett 22 weeks 4 days ago
#3

A good look at the 1930's Spanish revolution is at http://www.squaker.cat/

Doug Barnett

KPFK Board member, Board secretary, on and off for 20 years

whatabout's picture
whatabout 22 weeks 4 days ago
#4

It might be fair to note that the administration called out corporations that should not have applied for the money even though they were entitled. Ruth's Chris and the LA lakers have returned the money along with a number of colleges that had billions of dollars from endowments sitting in banks.

Our Superspreader President Has Blood On His Hands & So Does the Republican Party

Thom plus logo A new study from Columbia University lays the deaths of tens to hundreds of thousands of Americans at the feet of the Trump administration and the Republican party.

Comparing the United States to other developed countries, they laid out how our lack of a systemic federal response to the coronavirus has endangered Americans.
From Cracking the Code:
"Thom Hartmann ought to be bronzed. His new book sets off from the same high plane as the last and offers explicit tools and how-to advice that will allow you to see, hear, and feel propaganda when it's directed at you and use the same techniques to refute it. His book would make a deaf-mute a better communicator. I want him on my reading table every day, and if you try one of his books, so will you."
Peter Coyote, actor and author of Sleeping Where I Fall
From The Thom Hartmann Reader:
"Thom Hartmann is a literary descendent of Ben Franklin and Tom Paine. His unflinching observations and deep passion inspire us to explore contemporary culture, politics, and economics; challenge us to face the facts of the societies we are creating; and empower us to demand a better world for our children and grandchildren."
John Perkins, author of the New York Times bestselling book Confessions of an Economic Hit Man
From Unequal Protection, 2nd Edition:
"If you wonder why and when giant corporations got the power to reign supreme over us, here’s the story."
Jim Hightower, national radio commentator and author of Swim Against the Current