bailout, cares act, crony capitalism

Will America’s Bailout Program Be Misused by Banks and Corporations?

In March, Congress passed the CARES Act, which sets aside US$2.2 trillion for stimulating the American economy at a time when the CCP coronavirus outbreak has put a stop to growth. This seems similar to the US$700 billion bailout program introduced by the Federal Reserve during the aftermath of the 2008 Financial Crisis. This bailout ...

Jack Roberts

A pile of money.

Should the Government Bail Out Corporations or Give Them Loans?

After U.S. President Donald Trump signed a US$2.2 trillion financial package aimed at stimulating the American economy that has been stifled by the CCP coronavirus outbreak, one of the strongest criticisms against it is that it includes corporate bailouts instead of loans. Basically, the program promises to pay millions of dollars in cash to companies ...

Jack Roberts

President Donald Trump speaking.