Coronavirus along with subsequent shelter-in-place and stay-at-home lockdowns spells trouble for millions of Americans. Within the past week, ten million people across the nation have lost their jobs. Meanwhile, 6.6 million individuals are filing for unemployment as bills mount up with no money coming in.
As a means of providing relief, the United States government drafted and passed a coronavirus stimulus plan. This plan not only promises cash payments to suffering Americans, but also additional means of relief. However, Senate Majority Leader Mitch McConnell has warned of “glitches” to come with the promised stimulus plan.
What to Know About the COVID-19 Relief Bill
While giving an interview, the Senate Majority Leader stated that a stimulus plan of a $2.2 trillion dollar magnitude can’t be expected to go off without a hitch. McConnell then explained that “glitches” and “problems” will occur; he did not mince words when making this point.
At this time, the highlights of the plan involve $1,200 cash payments to adult Americans and relief for small businesses, large corporations, and others. In the COVID-19 relief legislation, business owners are furthermore incentivized to keep workers on their payroll. This, ideally, would help prevent increases to already-existing high jobless numbers.
Later in his interview, McConnell stated that the government is observing the implementation of the latest COVID-19 relief bill.
A Wounded Economy
At this time, America’s economy is suffering from extensive body blows; thus far, there’s no sign of any nearby end in sight. Countless employers have no choice but to furlough workers and close the doors to their businesses as shelter-in-place orders come. This inherently leaves many employees out of work; those hit hardest by compulsory lockdowns are working-class Americans and folks living paycheck to paycheck.
Numerous Americans have real concerns about how long the economy can realistically stay closed. Increased instances of depression, social unrest, suicide, and even crime become likelier and likelier if enough people get desperate. News about “glitches” with the COVID-19 relief bill come as states like Virginia talk about mandatory shutdowns lasting through June.
This evening, President Trump and the coronavirus task force hosted yet another White House press briefing regarding COVID-19.