The Daily Parker

Politics, Weather, Photography, and the Dog

The economic consequences of the pandemic

The differences in the way Democrats and Republicans have approached the pandemic shouldn't surprise or shock anyone, but one might still expect Republicans not to say the quiet parts quite so loudly. Last week, 3.2 million more Americans filed for unemployment benefits, bringing the total to 33.5 million since mid-March and the unemployment rate to nearly 20%. The last time we had 20% unemployment, Herbert Hoover (a Republican, let's remember) sat on his ass in the Oval Office waiting for the market to fix itself. Millions starved and lost their homes. The economy didn't recover fully for over a decade, and then only because we had to mobilize the economy around the biggest war in human history.

So how is this Republican administration trying to save the economy? Pretty much the same way Hoover's did, except with less compassion and more stupidity.

This morning, the Small Business Administration announced that its Economic Injury Disaster Loan program had all but run out of money, so they won't accept new applicants and they will only give out $150,000 awards instead of the $2m loans people have applied for.

Here in Illinois, downstate Republicans want to reopen businesses soon rather than wait for the empirical triggers in Governor Pritzker's plan to apply. What they haven't said here, but what seems obvious from the experiences of other states, like Georgia, is that they want to reduce unemployment insurance payments by forcing low-income workers back to work even if it's not safe. What do the owners or Republican legislators care, right? See, if shops and businesses are legally entitled to open, and workers refuse to go in because, you know, they want to live a few years longer, then the workers will no longer qualify for unemployment insurance. QED. This is almost explicitly Georgia Governor Brian Kemp's plan.

As Josh Marshall wrote today, "Again and again, the Trump Era forces us to the crudest and most unsubtle portrayals of the role of wealth and privilege in our society. But it’s no surprise since that is the essence of Trumpism."

Finally, one of the president's valets tested positive for SARS-CoV-2, which reportedly made the president angry. Did the president express concern for the guy or his family? Oh, how droll.

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