Daniel Halliday
Apr 12 · Last update 13 days ago.

Have American progressives failed to stand up to corporate power in the passing of the CARES Act?

Despite the coronavirus pandemic threatening to put societies most vulnerable in the gravest of situations, American corporations were at the forefront of the US government’s fiscal response to the coronavirus, the CARES Act (Coronavirus Aid, Relief, and Economic Security Act), with provisions for America's most in need added as an afterthought. During the passing of the CARES Act, and indeed following it, there has been no mention of the deficit, no talk of bad healthcare policies that have worsened the crisis in the US, and no bigger picture look at what will have to change moving forward to be less vulnerable to future pandemics. Should this not be a time when American progressives are demanding other policies that are linked to the viral pandemic, such as Medicare for All and the Green New Deal? Is this not incredibly short sighted to pump fuel into a system that in many ways led to this current crisis? Have American progressives failed to stand up to corporate power in the passing of the CARES Act? epi.org/blog/despite-some-good-provisions-the-cares-act-has-glaring-flaws-and-falls-short-of-fully-protecting-workers-during-the-coronavirus-crisis medium.com/@michaelfeuerstein/the-pandemic-caused-by-privilege-and-capitalism-19245ed81d2a
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The media have failed in their coverage of this
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It not just progressives, or the US, the world lacks leadership!
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Much bigger failures of all US politicians
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No – they were realistic and got worker provisions
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Yes
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The media have failed in their coverage of this

The CARES Act is a scandal and should have been called out as such. It is essentially a rehashing of the fiscal response to the Great Recession a decade ago, further cementing America’s national sponsorship of their over inflated financial markets. Companies abused the 2008 bailout, with CEO’s using taxpayer money to give themselves bonuses, while cutting jobs and salaries in their companies, as the US government stipulated no strings in its monumental stimulus package. This time the media failed to cover the lack of accountability of the CARES act, with next to no mention of Thomas Massy, the only Representative to stand against the anonymity of the voting, the most dubious aspect about it, with members of the house of representatives rushing through the bill with an unrecorded voice vote. With COVID-19, the economy will need sustained stimulus spending until the economy becomes healthy, what the CARES act delivers is far from the scope and scale needed, and again, theres no nationalised stakes taken, no rules, no exception and next to no media coverage.

rollingstone.com/politics/political-commentary/coronavirus-fed-bank-bailout-disaster-976086 buzzfeednews.com/article/sarahanderson1/opinion-in-2008-we-bailed-out-companies-but-not-people wsj.com/articles/house-lawmakers-race-to-washington-to-ensure-coronavirus-stimulus-passes-11585318472

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Daniel Halliday
May 13
Created

It not just progressives, or the US, the world lacks leadership!

The coronavirus is exposing many more flaws than strengths in governance on a global level. No one has adequate answers and many are being accused of using the crisis to push their own personal agenda; Bolsonaro, Orbán, Modi, Trump, Jinping, many have been criticised for various styles of mismanagement. The bailing out of corporations over citizens is a common reaction of governments; any protective conditions on corporate bailouts are few and far between with Poland and Denmark being rare examples, denying financial aid to companies registered in offshore tax havens. The virus maybe deadly to some, but poor preparedness, using the virus for political or diplomatic gains, and inadequate economic reactions will amplify the tragedy of the pandemic in the long term. In this way it is not just progressives, democrats, Americans, but nearly all world leaders are failing to deal with this pandemic.

time.com/5803225/yuval-noah-harari-coronavirus-humanity-leadership msn.com/en-my/news/world/the-coronavirus-has-revealed-an-absence-of-global-leadership/ar-BB122T1J bbc.com/news/av/world-us-canada-52496983/coronavirus-lack-of-co-ordination-let-virus-spread-un-s-guterres msn.com/en-us/news/world/denmark-and-poland-are-refusing-to-bail-out-companies-registered-in-offshore-tax-havens/ar-BB12UE6l

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Daniel Halliday
May 13
Created

Much bigger failures of all US politicians

The democratic party and government as a whole has failed to adequately respond to the coronavirus, failed to give an outspoken opposition to Trump, and failed to make a stand or form a united front against the coronavirus. As a result the country has had one of the worst reactions to the pandemic, and the spread and the President's reactions continue to undermine confidence to such a degree that long-term economic recovery will likely be decimated, especially if Trumps mismanagement leads to a second outbreak. The issue of unemployment will not be solved by a massive corporate bailouts and it is sustained unemployment levels that will plunge a recession into a long-term economic depression. It is not just republicans however, it is clear from the mismanagement of the democratic primary voting during the beginning of the outbreak, that no democrat, whether progressive or centrist, would be much better than Trump in dealing with this crisis.

huffpost.com/entry/coronavirus-test-american-government-failing_n_5e7e213fc5b6cb9dc19f199e forbes.com/sites/johnmauldin/2020/03/23/we-are-facing-a-depression-not-a-recession/#503e7d454bd3 thebalance.com/recession-vs-depression-definition-causes-and-stats-3306048

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Daniel Halliday
May 13
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No – they were realistic and got worker provisions

Even though the world is in the grips of a pandemic it is important not to make errors based on avoidable assumptions or dish out unwarranted blame. A pandemic is a big problem, and big problems require slow methodical changes, not quick brash adjustments that could have detrimental effects in a time of crisis. The CARES Act has sped up the US’ reaction to the pandemic by utilising bailout methods tried and tested in the 2008 Great Recession to quickly pump liquidity into the American financial system, it was written up by Republicans, so its no surprise that it was business focussed piece of legislation.

Its important to recognise that the United States is a deeply conservative country on the whole, with left leaning progressives making up only 15-20% of the population, furthermore Republicans have dominated Congress for decades meaning the political process for democrats is about gaining concessions. In such an environment progressive Democrats are right to not politicise the Coronavirus pandemic to push their agenda, slow the reaction and probably not even get the concessions they are hoping for. In this way progressives were realistic in their handling of the CARES Act, Bernie threatened to abstain and got $1200 checks for working Americans, and there is now talk of further stimulus bills to address the economic fallout of the pandemic. This will remain a fight of incremental change for progressive democrats.

msn.com/en-us/news/politics/americans-to-receive-dollar1200-coronavirus-check-in-three-weeks-white-house-officials/ar-BB11I0R2 axios.com/coronavirus-relief-bill-lindsey-graham-bernie-sanders-619d2d7e-fea5-4884-ae48-a80fcb029e40.html edition.cnn.com/2020/03/21/politics/stimulus-package-negotiations-congress-coronavirus/index.html youtu.be/bWDx3nKm_Gc?t=1183 nytimes.com/2020/03/30/us/politics/coronavirus-stimulus-relief-congress.html

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Daniel Halliday
Apr 20
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DH edited this paragraph
Its important to recognise that the United States is a deeply conservative country on the whole, with left leaning progressives making up only 15-20% of the population, furthermore Republicans have dominated Congress for decades meaning the political process for democrats is about gaining concessions. In such an environment progressive Democrats are right to not politicise the Coronavirus pandemic to push their agenda, slow the reaction and probably not even get the concessions they are hoping for. In this way progressives were realistic in their handling of the CARES Act, Bernie threatened to abstain and got $1200 checks for working Americans, and there is now talk of further stimulus bills to address the economic fallout of the pandemic. This will remain a fight of incremental change for progressive democrats.

Yes

The CARES Act initially focussed almost entirely on corporate bailouts, and despite Bernie Sanders threatening to block the legislation if unemployment provisions were removed, it went ahead with corporations receiving the lions share of this condition-free financial support. Alexandria Ocasio-Cortez criticised the bailout as "shameful" and "crumbs for our families" after voting on it, and according to her office she "would have" voted against the bill [1]. But voting was an unrecorded voice vote, so even if Ocasio-Cortez claims she didn’t vote for it in retrospect, the fact that she didn’t join Republican Representative Thomas Massie in demanding a roll-call vote means she forfeits any claim she can make to adequate appose the CARES Act. It is also clear from the lone male voice that opposed the bill in the House of Representatives that Ocasio-Cortez did NOT actual oppose the bill [2]. This makes the speeches Ocasio-Cortez and Sanders gave, and the lack of meaningful opposition, grandstanding and a failure to stand up to corporate power.

Progressive politicians in America are clearly too afraid to offer their own policies when they are most needed. Either they are simply career politicians that are scared to rock the boat and effect their position, or it is a result of not wanting to be accused of using the pandemic for their political ends, or possibly a bit of both. This colossal failure underlines perfectly why the world’s richest country is worst effected by the pandemic. As despite being the biggest corporate bailout in US history the CARES Act doesn't accelerate the extensive testing recommended by the WHO and successfully carried out by South Korea and Germany. The $1 billion provision for healthcare instead gives Trump the option to use the Defense Production Act to manufacture diagnostic testing but fails to address the most pressing responce issues facing the country. As the leader of the progressive movement in the Democratic Party its clear that from the top down Bernie Sanders and American progressives are unwilling to rock the boat or go against their party, and are not willing to stand up to corporate-backed power. There is therefore no adequate political opposition to the American government.

dailysignal.com/2020/03/19/coronavirus-exposes-how-west-coast-progressives-failed-the-homeless huffpost.com/entry/medicare-for-all-coronavirus-marie-newman_n_5e7a6f45c5b6d01bd1539a4d youtube.com/watch?v=YFFg3GFL3uI [1] theintercept.com/2020/04/09/coronavirus-stimulus-package-congress-vote/?menu=1 [2] washingtonpost.com/video/politics/house-passes-coronavirus-relief-package/2020/03/27/8bc23757-98df-47f9-a32c-8df5e62903e4_video.html politico.com/news/magazine/2020/03/28/congress-coronavirus-relief-bill-152922

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Daniel Halliday
Apr 13
Approved
DH edited this paragraph
The CARES Act initially focussed almost entirely on corporate bailouts, and despite Bernie Sanders threatening to block the legislation if unemployment provisions were removed, it went ahead with corporations receiving the lions share of this condition-free financial support. Alexandria Ocasio-Cortez criticised the bailout as "shameful" and "crumbs for our families" after voting on it, and according to her office she "would have" voted against the bill [1]. But voting was an unrecorded voice vote, so even if Ocasio-Cortez claims she didn’t vote for it in retrospect, the fact that she didn’t join Republican Representative Thomas Massie in demanding a roll-call vote means she forfeits any claim she can make to adequate appose the CARES Act. It is also clear from the lone male voice that opposed the bill in the House of Representatives that Ocasio-Cortez did NOT actual oppose the bill [2]. This makes the speeches Ocasio-Cortez and Sanders gave, and the lack of meaningful opposition, grandstanding and a failure to stand up to corporate power.
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