RSH 11 Coronavirus stimulus bill is a Wall Street slush fund -- (3.31.2020)

Recorded on March 26, 2020. Adam and Peter break down the coronavirus stimulus bill and how it's a massive slush fund for Wall Street and Corporate America. They explain why the capitalist market system is flawed. 

(fact check: turns out Senator Michael Bennet deserves credit for the unemployment insurance expansion in the bill, not Bernie Sanders https://www.bennet.senate.gov/public/index.cfm/2020/3/bennet-unveils-sweeping-proposal-to-strengthen-unemployment-insurance-amidst-coronavirus-pandemic?mod=article_inline ) 

What's in this massive $2 trillion coronavirus stimulus bill: https://www.washingtonpost.com/business/2020/03/25/trump-senate-coronavirus-economic-stimulus-2-trillion/ ; Biden doesn't want to fight Trump on coronavirus: https://thehill.com/homenews/campaign/489231-biden-i-dont-want-to-be-in-a-political-fight-with-trump-over-coronavirus; Bay Area's shelter-in-place policy: https://eastcountytoday.net/bay-area-counties-to-issue-shelter-in-place-directive-through-april-7-v2/; Boo-hoo, America loses 500,000 millionaires as a result of the pandemic: https://finance.yahoo.com/news/us-loses-500-000-millionaires-152034654.html ; the U.S. has the higher number of confirmed COVID-19 cases in the world now: https://www.nytimes.com/2020/03/26/health/usa-coronavirus-cases.html ; the Fed's quantitative easing: https://www.cnbc.com/2020/03/23/fed-announces-a-slew-of-new-programs-to-help-markets-including-open-ended-asset-purchases.html ;  https://www.vox.com/2020/3/23/21190712/federal-reserve-unlimited-quantitative-easing-coronavirus ; https://nymag.com/intelligencer/2020/03/what-is-the-fed-is-doing-to-address-coronavirus-crisis.html; Ireland nationalizes hospitals: https://www.commondreams.org/news/2020/03/26/ireland-nationalizes-hospitals-duration-coronavirus ; David Dayen's piece on the stimulus/bailout: https://prospect.org/coronavirus/unsanitized-bailouts-tradition-unlike-any-other/ Zach Carter's piece on the stimulus bailout: https://www.huffpost.com/entry/senate-democrats-donald-trump-coronavirus-bill_n_5e7b77a6c5b62a1870d62d83?5b (The Rising interviews Dayen: https://www.youtube.com/watch?v=_UVqWxAOXaE); Dylan Ratigan explains how bad the bill is on Jimmy Dore's show: https://youtu.be/4NgOQn4Asa0 ; https://youtu.be/D-7uro3A3qU ); how mortgage delinquencies could hurt servicers: https://www.cnbc.com/2020/03/23/coronavirus-us-potential-wave-of-mortgage-delinquencies-could-bankrupt-payment-system.html 

San Francisco supervisors push for rent and mortgage freeze: https://www.sfchronicle.com/opinion/openforum/article/A-rent-and-mortgage-moratorium-can-stop-the-next-15157819.php ; the U.S. could see 30% unemployment: https://www.bloomberg.com/news/articles/2020-03-22/fed-s-bullard-says-u-s-jobless-rate-may-soar-to-30-in-2q ; Bay Area's coronavirus test site: https://www.sfchronicle.com/business/article/Bay-Area-site-for-coronavirus-test-without-15152209.php ; tubercolusis vaccine may work against coronavirus: https://neurosciencenews.com/covid-19-bcg-vmp1002-vaccine-15966/?fbclid=IwAR31sZM0u4Bc6FaLes3jn6RaFrlPBSTn_mamIa-ry2ypGFsuLkDV9vz54xM ; people "shed" coronavirus early: https://www.statnews.com/2020/03/09/people-shed-high-levels-of-coronavirus-study-finds-but-most-are-likely-not-infectious-after-recovery-begins/?fbclid=IwAR0e4PJAQmBqm-fWbEs7lAF9CFkANI3OIKkMzSFXkpqa_OKyTikqBR2Sey8; U.S. fired CDC expert in China months before pandemic: https://www.reuters.com/article/us-health-coronavirus-china-cdc-exclusiv-idUSKBN21910S; most Americans support Trump's handling of pandemic: https://www.politico.com/news/2020/03/20/poll-majority-of-americans-now-approve-of-trumps-coronavirus-management-138570; New York City landlord worth $1 billion jacks up rent 25 percent: https://gothamist.com/news/landlord-worth-1-billion-exploits-coronavirus-panic-jack-rent-25-percent; Americans expect recession: https://news.gallup.com/poll/304604/americans-increasingly-expect-economic-recession.aspx 

A bunch of Senators sold their stocks before coronavirus tanked the stock market: https://www.axios.com/richard-burr-coronavirus-stock-7bd10426-de87-43d7-9939-8241d2ab08db.html ; https://time.com/5807075/senators-sold-stock-coronavirus/ ; January and February intelligence reports warned of a likely pandemic: https://www.washingtonpost.com/national-security/us-intelligence-reports-from-january-and-february-warned-about-a-likely-pandemic/2020/03/20/299d8cda-6ad5-11ea-b5f1-a5a804158597_story.html