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As our society continues to try to weather the fallout from COVID-19, James Keys, Tunde Ogulana, and Rob Richardson discuss the unprecedented nature of the ongoing job losses and what a recovery for working people would look like (2:02) and why the government stimulus did not seem to serve working people (18:45).  The guys also point out that Americans, including the most staunch capitalist, often embrace socialist policies (30:57), how some are really good at taking advantage of this socialist streak (39:05), and how this kind of disconnect plays a role in working people being unable to effectively demand a fair shake in our economy (46:51).

SHORTS

 

SHOW NOTES

U.S. now has 22 million unemployed, wiping out a decade of job gains

https://www.washingtonpost.com/business/2020/04/16/unemployment-claims-coronavirus/

 

22 million Americans have filed for unemployment benefits in the last four weeks

https://www.cnn.com/2020/04/16/economy/unemployment-benefits-coronavirus/index.html

Covid-19’s Economic Pain Is Universal. But Relief? Depends on Where You Live

https://www.nytimes.com/2020/03/23/world/europe/coronavirus-economic-relief-wages.html

Paycheck Protection Program billions went to large companies and missed virus hot spots

https://www.cbsnews.com/news/paycheck-protection-program-small-businesses-large-companies-coroanvirus/

 

Harvard, With A $40 Billion Endowment, Will Receive $8.7 Million In Federal Aid For Coronavirus Relief

https://www.newsweek.com/harvard-40-billion-endowment-will-receive-87-million-federal-aid-coronavirus-relief-1498366

Potbelly secures $10M small business loan for virus relief days after exec gets $100K bonus

https://www.foxbusiness.com/money/potbelly-secures-10m-small-business-loan-for-virus-relief-days-after-exec-gets-100k-bonus

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