berg80
Diamond Member
- Oct 28, 2017
- 18,043
- 15,174
- 2,320
GOP senator's coronavirus plan: Get federal government to cover 80 percent of wages.
Sen. Josh Hawley (R-Mo.) wants the United States to follow Europe’s lead. That’s not something conservatives like him normally say, but he believes desperate times call for desperate measures.
The rising star on the right proposes that the federal government replicate what’s been working in the United Kingdom to keep layoffs limited and immediately begin covering 80 percent of worker wages at all private businesses, up to the national median wage, until the emergency caused by the novel coronavirus is over. He also advocates paying financial bonuses for businesses to rehire workers laid off over the past month.
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The magnitude of the impact to the economy from fighting the virus is truly unprecedented. The rationale for throwing the kitchen sink at preventing what would be a depression without government intervention is ultimately it is cheaper to prevent one than try to recover from one.
What I find telling is how quickly Repubs (who make claims to fiscal responsibility when a Dem is in the WH) propose what can fairly be described as socialist remedies under Repub admins. No amount of government debt is too much for a Repub when his party is at risk of being held accountable for a massive economic downturn.
When Shrub was prez, facing the start of a deep recession, Dems cooperated in passing TARP. When Obama took office and the Bush recession was in full swing, no Repub supported the stimulus package. Using the pretense it was too costly. How times have changed.
Sen. Josh Hawley (R-Mo.) wants the United States to follow Europe’s lead. That’s not something conservatives like him normally say, but he believes desperate times call for desperate measures.
The rising star on the right proposes that the federal government replicate what’s been working in the United Kingdom to keep layoffs limited and immediately begin covering 80 percent of worker wages at all private businesses, up to the national median wage, until the emergency caused by the novel coronavirus is over. He also advocates paying financial bonuses for businesses to rehire workers laid off over the past month.
....................................................................................................................................................
The magnitude of the impact to the economy from fighting the virus is truly unprecedented. The rationale for throwing the kitchen sink at preventing what would be a depression without government intervention is ultimately it is cheaper to prevent one than try to recover from one.
What I find telling is how quickly Repubs (who make claims to fiscal responsibility when a Dem is in the WH) propose what can fairly be described as socialist remedies under Repub admins. No amount of government debt is too much for a Repub when his party is at risk of being held accountable for a massive economic downturn.
When Shrub was prez, facing the start of a deep recession, Dems cooperated in passing TARP. When Obama took office and the Bush recession was in full swing, no Repub supported the stimulus package. Using the pretense it was too costly. How times have changed.