Harry Bosch
Contributor
Then about recovering from the COVID-19 pandemic and the climate crisis. AOC says that we can do both, and she pointed to World War II with its massive economic stimulus.
The US didn't formally enter that war until Japan's attack on Pearl Harbor on December 7, 1941. But that attack was such a provocation that it forced the politicians to leave behind trying to balance the budget. Worries about excessive government spending was something that had hobbled the recovery earlier, all the way back to Herbert Hoover. He did a little, but not much, and FDR did more, but not enough.
She wants renewable-energy jobs to have the same good pay and good conditions that many fossil-fuel jobs do.
She thinks that a Green New Deal in place would have made it much easier to respond to COVID-19. There wouldn't have been a shortage of PPE for medical professionals -- it would have been an easy thing to invoke the Defense Production Act to make more of them.
She then talked about introducing her GND resolution and how a big source of campaign money is fossil-fuel interests like the Koch brothers. She also talked about not taking politicians for granted, that it is not enough to elect them. JF then mentioned what happened with Obama: what started as a movement ended up a movie -- the participants in his election campaign then set back and watched.
AOC talked about how coal companies refused to finance their workers' pensions with the money that they got from bailouts. They appealed to AOC's office, not to Mitch McConnell's office.
I didn't see your link for the above? I'm assuming that by bailouts was the "PPP" program? If so, PPP was meant to cover payroll, not fund worker's pensions. Funding pensions is not an eligible expense for PPP.
Gas station secured small business bailout money, then paid for Trump billboards
Why do you call it "bailout money"? The purpose of the program was to encourage companies to lay off their workers during the pandemic and to keep them from unemployment. It's also intended to help companies bridge the gap from the shutdown to recovery. And it's been pretty successful.
Regardless: a company was eligible for PPP if their business "was financially affected by COVID". The author of the story is incorrect when he said that PPP was for small businesses that desperately needed the assistance to keep paying workers. My company was affected by covid. We shut down for 3 weeks. When we restarted, costs went up due to having to reengineer how we manufacture in order to keep everyone separated. But I paid all workers their full pay during the shutdown. Margins are down a little. But my sales are expected to be higher than 2019. I got the PPP. I show it as a liability. It will be shown as "other income" once it's forgiven. It's bolstered my balance sheet, given me reserves and confidence to not layoff anyone even if another shutdown comes.