By Joshua Sharf
In his survey of the Great Depression and World War II, Freedom From Fear, historian David Kennedy makes the point that the New Deal—which manifestly failed to end the Depression—was only a failure if you assume that its purpose was, in fact, to end the Depression.
Likewise, the Democrats’ attempt at pushing their wish list of a Wuhan virus rescue bill.
If you assume, instead, that the purpose of the New Deal was to restructure the government’s relationship to the people and to society, then it was certainly a success. This is especially true of the so-called Second New Deal, passed mostly in 1935, which included Social Security, the Banking Act, the Wagner Act, other workplace protections, and unemployment insurance. Designed to provide a measure of security to periodically unemployed workers, it also made sure that people—for the first time—habitually looked to the government as the source of that security.
Do you want to know where Rahm Emanuel got the idea for never letting a crisis go to waste? Look to the New Dealers.
Restructuring to “Fit Our Vision”
Which brings us to the Democratic version of the Wuhan coronavirus stimulus package. Now, the original idea—a payroll tax holiday, bridge loans to small and medium-sized businesses—wasn’t bad.
The eventual idea—trillions of dollars of helicopter money in an economy where there is less and less to spend it on, combined with some side-pork for votes—is less appealing. But at least it’s still geared toward doing something about the problem at hand. It seeks to tide over individuals and small businesses until the restrictions relax, and economic activity recovers.
The House Democrats had their own ideas, however. Via Senator Tom Cotton’s (R-Ark.) Twitter feed, we know that these included:
Corporate pay statistics by race and race statistics for all corporate boards at companies receiving assistance;
Bailing out all current debt of the postal service;
Required early voting;
Mandated same-day voter registration;
A $10,000 bailout for each and every borrower with federal student loans;
For companies accepting assistance, one-third of board members must be chosen by workers;
Provisions on official time for union collective bargaining;
A full offset of airline emissions by 2025;
Greenhouse gas statistics for individual flights;
Retirement plans for community newspaper employees;
A $15 minimum wage at companies receiving assistance;. .... Full Article - Joshua Sharf - American Greatness
Pelosi pushes 'SALT shakeup' stimulus that could reduce HER tax bill and enrich HER wealthy district
Nancy Pelosi Can't keep her hand out of the Cookie Jar
House Speaker Nancy Pelosi, D-Calif., is pushing for a new stimulus bill that would roll back the state and local tax deduction (SALT) cap, a proposal that would predominantly help wealthy individuals — including most residents in Pelosi's district and perhaps even Pelosi herself.
Pelosi and her husband have a property tax liability of approximately $198,337.62 considering their two homes, a winery and two commercial properties, public records show, indicating that the couple could reap substantial benefits in the event of a full SALT repeal. ... Read More
Stimulus Package Includes $400 Million Bonanza for Left’s ‘Democracy Reform’ Movement
Nestled among the 12 titles 880 pages of the $2.2 trillion “Coronavirus Aid, Relief and Economic Security Act of 2020,
Approved unanimously by the Senate late March 25, is a paragraph sending $400 million to state governments “to help prepare for the 2020 election.”
...the provision is “a rare victory” gained by “an unusually intense and coordinated lobbying campaign by some of the major players in the democracy reform movement,” according to its chief media voice, The Fulcrum.
...as The Fulcrum story and the Democratic summary make clear, much more than health concerns were at work behind the scenes - Read More - Enigmose