Wikimedia Commons

The need for a massive economic stimulus to jump-start the stalled economy during the coronavirus pandemic is shared on both sides of the political aisle.

Unfortunately, some provisions in the widely believed soon-to-be passed bill will have a harmful effect. Workers in low-wage jobs have a greater incentive to stay unemployed instead of returning to work.

Others have nothing to do with the immediate crisis. 

Fox News’ Tyler Olson reports:

The Coronavirus Aid, Relief and Economic Security Act (CARES Act) – which the House of Representatives is expected to vote on Friday – includes the funding for the African Development Fund (ADF), the African Development Bank (AfDB) and the International Development Association (IDA).

The ADF and the AfDB are two related organizations that help fund development and poverty eradication efforts in Africa, whereas the IDA is a subsidiary of the World Bank that gives to poor countries in general. Combined, they will receive more than $10.8 billion under the CARES Act.

This amount includes $7,286,587,008 for the AfDB, $513,900,000 for the ADF and $3,004,200,000 for the IDA.

As the costliest stimulus measure in U.S. history, the bill has generated a mixed and often-conflicted reaction even from those advocating for it. The package contains sorely needed relief for struggling workers facing layoffs as businesses are forced to temporarily shutter on an unprecedented scale in a bid to curb the spread of coronavirus. But some have questioned the massive pot of money set aside for loans to big industries, while others have challenged the array of seemingly unrelated or tangential funding pipelines that made their way in.

How has your state government responded to the coronavirus pandemic? Explore our interactive map:

AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC

Advertisement
Do You Approve of Trump’s COVID-19 Response? [TAKE THE SURVEY]


Subscribe
Notify of
guest
67 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
McRae Dixon
1 year ago

The economy needs help and not spending funds that we do not have, and what comes with the plan?< friviouls things that should not hace been included, according to what I have read—I just hope that this isn''t true—We send you there to do a job for us—not to fight between your selves—Wake up and do your job.

AM
AM
1 year ago
Reply to  McRae Dixon

In reality, the amount of $$ – per individual/family – will not do that much good. They also have access to Unemployment benefits. These government checks will not be sent out by mail for 3-weeks. This is the time-frame Pres. Trump wants to ‘get America back to work’ – I stand firmly – do not cave to this highway robbery; IT’S NOT WORTH IT!!

helen
helen
1 year ago
Reply to  AM

The unemployment funds are also to be paid by the Federal Govt.

Dr Russ Fine
Dr Russ Fine
1 year ago
Reply to  McRae Dixon

(1) You are 100% on target. (2) You are wasting your breath.

William Moore
William Moore
1 year ago
Reply to  McRae Dixon

Isn’t this typical of the liberals? The ‘add on’s’ that have absolutely nothing to do with the pandemic are BULLS**T just like the liberals themselves. If this delay and finally after all this time, passing this financial relief for the Americans hasn’t convinced you the liberals don’t give a rats ass about America or the American people, you’re totally clueless, brain dead have your heads up your asses or on the ‘dole’ and don’t want the freebie train to derail. To all Americans out there tired of this BS, ‘this is how some of your representatives act during a crisis’, remember this on November 3rd and vote all of the ‘do nothing for you the American people yet still collect big paychecks’ liberals. You’re doing us a huge favor, remember all of them must be voted out! We can’t take any more of the last 3+ years of their BULLS**T

Kitty Russell
Kitty Russell
1 year ago
Reply to  William Moore

Dear Mr. Moore;
Is so agree with you. I am so tired of all the greedy liberal bulls**t, I Keep talking to all my democratic friends, telling them they have to do something. To think about it, are they really better off with Dems in Office? And to California’s to remember how beautiful Calif. was before the greedy Dems took over. I hope America wakes up, and stop being in denial when you have a spoiled and selfless child you teach them a lesson and show them their the airs of their ways.

Richard
1 year ago
Reply to  Kitty Russell

Why do you have democrat friends?

Chris
Chris
1 year ago
Reply to  Richard

Some are family

gerald serlin
1 year ago
Reply to  William Moore

It is not a question of the misspent money, William Moore. The liberals are so against DJT that they will do anything possible to defeat Trump’s agenda, even if it means ruining this country. The shame of it is that they will impede Trump in his reelection bid by this tomfoolery. However, all is not lost. Trump’s reelection is still probable…just less so.

Bill
Bill
1 year ago
Reply to  McRae Dixon

A problem that has always existed with legislation is the ability of the politicians to add riders to any piece of legislation introduced in congress. Pelosi delayed passage of the stimulus several days because of her “wish-list”. Shameful behavior! Riders contain the spending of money on things that would not be supported as a stand-alone bill. This is often referred to as “pork”. Democrats are more guilty than Republicans, but both groups are guilty of the abuse. NO BILL SHOULD BE CONSIDERED that has any rider or language not directly relevant to the purpose of the bill that is introduced. It is unlikely that voters, who have lost their job and are concerned with feeding there family, would approve of some of the “pork” spending added to this bill.

ja robinson
ja robinson
1 year ago

god forbid they pass the bill. it really sucks. the dims put all the unessasary shit in it that is going to eventually kill America, thats what they’re after. they have election stealing language in it. all this aid to other countries, wth is the senate thinking?

Gerard
Gerard
1 year ago
Reply to  ja robinson

The worse pork in this bill is that any corporation, or small business that accepts the money must allow their workers to form a union. Unions suck. This will cripple industry. Unions are the reason why assembly workers at auto factories make 100,000 a year with benefits out the wazoo. They get guaranteed health care for life.

Sympl1
Sympl1
1 year ago
Reply to  Gerard

I dont see anything wrong with that…100k a year and awesome benefits..ill put together cars and be union

Bernard England
Bernard England
1 year ago
Reply to  ja robinson

The dems are really showing their stupidity again with giving hard earned tax monies to people that have nothing to do with the virus and also why would we put money out for the Kennedy Ctr. when at present there are to be no larger gatherings than 10 people gathered together at once, we should be concentrating on a curenot Pelosi and Shummer”””””s pipe dreams, plus how many of the common folk go to the Kennedy ctr.

patti
patti
1 year ago

What the hell are we doing sending money to Africa in the midst of the largest economic problem this country has had???

Helen
Helen
1 year ago
Reply to  patti

All foreign aid should be stopped! The money is needed here at home! And why the hell did Congress get additional funds for themselves??? They are useless bloodsuckers. Probably for their sex assault payoff fund.

Hmb
Hmb
1 year ago
Reply to  patti

All foreign aid should be stopped! The money is needed here at home! And why the hell did Congress get additional funds for themselves??? They are useless bloodsuckers. Probably for their sex assault payoff fund.