There’s nothing like stirring up a hornet’s nest over the possibility of reparations buried in the Covid Relief Plan.
Or is it called the American Rescue Plan?
Personally, I’m having a hard time seeing where calling it Covid Relief Plan OR American Rescue Plan has any merit whatsoever.
Look at the numbers:
- 9% or approximately $171 Billion is going to Covid aid.
- Approximately $203 Billion (10.68%) is being allocated in the form of $1,400 checks…to assuage everyone’s pain for being Locked Down.
- $128.6 billion to help K-12 schools reopen.
- $350 billion in state and local aid.
- $25 billion in aid to restaurants and other food and drinking establishments.
- $19 billion in emergency rental assistance.
- $7.25 billion in funds for Paycheck Protection Program loans.
- Extending the enhanced unemployment insurance of $300 per week through Aug. 29.
When you add all the above up, there’s still $1Trillion unaccounted for.
Rest assured Wall Street Banksters are salivating on the sidelines for their “fair share.”
Covid Reparations
But what about the possibility of “Slipping in” provisions for reparations?
Last month Rep. Sheila (Give Up YOUR GUNS) Jackson Lee D-Tx said “descendants of slaves continue to suffer from the enduring racial inequality it spawned, pointing to COVID-19 as an example.
Data from the CDC indicate that Black people are nearly three times as likely to be hospitalized because of COVID-19 as white people and nearly twice as likely to die from the illness.”
She offered up her “Reparations bill” as a way to bring the country together.
Ahhhh, Yes!
More wisdom from the Party of Unity.
Maybe the party of peace, love, and unity should consider:
- When do the Africans that captured, enslaved, and sold those slaves/countrymen to the slave traders in Africa pay reparations?
- Are free blacks in the north excluded from reparations?
- And why should any citizen whose family never owned slaves, and or fought and died for the Union Army, or died in a Confederate prison even be considered a part of this tax consequence?
- Do black families (Ka Mala) that owned slaves need to be included?
We may never know the answers.
Reparations and Covid Relief Plan
However, we do know that:
- Covid has worked like a charm.
- It got rid of Trump, handed full control of federal fiscal policy to the Dems…And now the expected bailout of the blue states.
- The blue states self-destructive lockdown behavior is now being handsomely rewarded.
- The prudent well-run red states are footing the bill in the form of continued dilution of the dollar.
- And we’re on the hook for $1.9 Trillion.
These people are being paid by China to manage the collapse of America.
Meanwhile they try to convince us that Trillions of “Stimulus Money” is necessary.
You can (and should) bet that Wall Street Banksters will exploit this.
Learn how to profit WITH them in our March newsletter (HERE).
We’re Not Just About Finance.
https://www.financialsmatter.com/category/in-plain-english/
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