FACTS

    President-elect Joe Biden revealed his $1.9 trillion Covid relief plan known as the “American Rescue Plan” on Thursday. The plan would include $1,400 checks to the vast majority of Americans, rental assistance, an eviction moratorium extension, small business grants, funding for expanded Covid testing, and $130 billion for schools. The plan also includes an agenda to increase the administration of the Covid vaccine to the 100 million mark by Biden’s 100th day as president.

    RIGHT

    The Right is critical of the “American Rescue Plan.” It is argued that increasing direct payment amount across the board is unnecessary and wasteful, as it will go to those who are unemployed, as well as those who have remained employed for the entire pandemic. It will also go to those who make less than $70,000 a year and households that potentially earn up to $300,000 a year.

    “Since the mid-1970s, one-time cash payments to individuals to stimulate economic growth have been tried on at least five separate occasions…But history shows such spending does nothing to stimulate the economy. In the end, it only adds to the federal debt…”

    John F. Cogan, Professor in the Public Policy Program at Stanford University, and John B. Taylor, Mary and Robert Raymond Professor of Economics at Stanford University,

    Ed Morrissey of conservative blog Hot Air argued that the bill wouldn’t do much of anything to actually aid the economy, which is reeling from the shutdowns, and is simply a “Band-Aid for a few months.” “Dear Joe Biden and Democrats: The Best Stimulus Package: Open up the economy!!!” tweeted civil rights attorney Leo Terrell.

    LEFT

    The Left is generally supportive of the “American Rescue Plan.” Journalist Matthew Yglesias argued that despite the bill putting measures in place specifically for emergency relief purposes, “It really feels like it ought to be permanent policy.”

    “When president-elect Biden was elected, he told the American people that ‘Help is on the way.’ With the Covid rescue package the president-elect announced today, he is moving swiftly to deliver that help and to meet the needs of the American people.”

    Nancy Pelosi, Speaker of the U.S. House of Representatives, and Chuck Schumer, Senate Democratic Leader

    However, some on the Left were critical of what they believe to be Biden’s failure to follow through with his promise of $2,000 checks. Rep. Alexandria Ocasio-Cortez (D-NY) stated, “$2,000 means $2,000. $2,000 does not mean $1,400.”

    • Show Comments

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    Ads

    You May Also Like

    Passports, Other Federal IDs to Now Include “X” Gender Option?

    FACTS The U.S. government could soon implement changes which would include a new option ...

    Countries Issue UK Travel Restrictions Amid New Virus Strain

    FACTS It has been reported that Britain is experiencing a new “mutant” strain of ...

    Widespread Unrest

    FACTS  As we previously reported, an African-American man named George Floyd died while in ...

    Crocs: The 2020 “It” Shoe

    FACTS The unassuming, multi-faceted foam shoe that celebrities and nurses alike are rocking en ...

    Woman Fired for Central Park Race Related Confrontation

    FACTS  A white woman who was filmed in a verbal confrontation with a black ...

    Attorney General’s Civil Rights Memo

    FACTS US Attorney General William Barr has issued a memo ordering federal judges to ...

    GET LUCIDFIND TOP STORIES OF THE WEEK - ONCE A WEEK