The coronavirus recession has been financially devastating for many Americans. It has been a boon for others.
Many are going hungry or worried about eviction. Others are paying down debt or even buying second homes. What’s left is a confounding picture of U.S. household finances. The current recession, like any other, has deepened the division between those who can navigate it and those who can’t. But the unusual nature of this downturn has made those differences starker., but the federal government rushed in with additional unemployment benefits, stimulus checks and a moratorium on evictions and foreclosures. Banks allowed customers to pause mortgage and car payments without penalty. As a result, many people who lost their jobs have stayed afloat.
And those with secure jobs, stuck at home with fewer places to spend money, came out ahead. Cutting back on commuting costs and eating out gave them more flexibility to
It was always like that.Great for some, good for some and bad for many. The difference COVID-19 has brought is unknown fear and uncertainty.
RadLeftSocialism,longtmPolitDoctrine in colleges,teaches:U.S.CapitalismEvil,Racist&Sexist:Polit CompliN replacD HighOrderThinkN&Right2Disagree; TRUMPBigThreat 2DemSoc,not only inCollges:also OwnMedia,BigBusin,Sports,China liais;COVIDcrisis Gr8 4AntifaSoc2startUprisN,UsNRacism4Soc
While the economy has rebounded somewhat from its low of 133.4 million employed in April to 143.5 million in July, the months-long pandemic has shocked the economy more than the Great Recession of 2007 to 2009.
You could have written the same story two years ago-or ten years ago-or 30 years ago. Or even 20 years from now.
When I hear people talk about how great Corona or lockdown is, I can't help to think: Check your privilege.
Youre recent Ben Franklin 'article' is a disgrace to the country, how dare you slander our first president and the creator of electricity, shame on you
America's turning into a 3rd world country due to grotesque and racist Republican policies. Welcome to Trump's America. It's only going to get worse if Trump is re-elected.
We can fix the economy if we can get rid of Trump and his Nazi Republican Senators starting with McConnell, Cornyn, and Graham.
Interesting read and agreed. It’s been exhibit A of the strong getting stronger
Please retweet and follow us. We need 1,000 more followers to help us REMOVE the most corrupt president in US history.
It was like that before the virus....
Coronavirus and racism are at the heart of our nation's problems, and both are worse for having trump as President. He doesnt understand/ignores science, and is a lifelong, vocal racist (see Fair Housing Act violations, Central Park 5). TrumpIsANationalDisgrace
We all deserve to die for being so stupid
So is America Great again...or...?
It depends who you CARE about, not who you ask......
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