David Stockman pulls back the curtain on congress' recent multi-trillion dollar bailout package, which, although billed as emergency aid for individuals actually allocates most of the money to various special interests on both sides of the aisle, including millions...
America
The Fed’s War on Savings
During a March 17 address to the nation in response to the COVID-19 outbreak, President Donald Trump asked that Americans work from home, postpone unnecessary travel, and limit social gatherings to no more than 10 people. Ten days later, Trump signed a stimulus...
COVID-19 Patients and Their Families Are Being Put on Police-Enforced Lockdown
Reason magazine's Elizabeth Nolan Brown has a great run-down of all the power-mad police state freaks exploiting the Coronavirus crisis to expand their powers over Americans lives. As the old flyer a punk-rocker handed me on the drag across from UT Austin back in 1993...
Jobless claims soar again in early April as coronavirus layoffs swell to nearly 17 million
From Marketwatch The coronavirus has turned life upside down in the blink of an eye. Just a month ago, new claims were in the low 200,000s and sat near a half-century low. Already, the ranks of the unemployed appear to have exceeded the prior record of 15.3 million...
How the CARES Act Will Delay Economic Recovery
The economic fallout of the government’s shutdown in response to the coronavirus pandemic has been unprecedented. Nearly ten million people have filed for unemployment benefits in just two weeks. The 6.6 million claims from the last week of March doubled the previous...
Crisis Exposes Devastating Consequences of Fed Policy: Americans Have No Savings
Two weeks ago, during a March 17 address to the nation in response to the COVID-19 outbreak, President Donald Trump asked that Americans work from home, postpone unnecessary travel, and limit social gatherings to no more than 10 people. And last week, on March 27,...
The US Is Making More Weapons in Response to Coronavirus
On FPF #476, I discuss the US government is buying more weapons and giving financial support to the weapons markers. The finical assistance was approved through the $2 trillion bailout. The Navy announced it was buying an additional $2 billion in torpedos and missiles...
Hospitals Say Feds Are Seizing Masks and Other Coronavirus Supplies
L.A. Times: "Although President Trump has directed states and hospitals to secure what supplies they can, the federal government is quietly seizing orders, leaving medical providers across the country in the dark about where the material is going and how they can get...
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