For the love…. No, America’s not ‘going socialist’ over COVID-19 bailout of economy that GOVT caused

When the panic is over capitalism will again reign supreme in the land where it was invented

By Jon Dougherty @TheNatSent

(TNS) Leave it to the statist Left-wing media to use a crisis in order to advance its agenda of creating a ‘socialist utopia’ in the most capitalist country on the planet.



As readers know, Congress passed and President Donald Trump signed a massive $2 trillion coronavirus relief measure on Friday after much posturing.



The bill provides funding for just about everything, but a large portion of it will go to the neediest Americans whose lives have been disrupted by the outbreak.

Such payments, of course, have led rise to the narrative that now, suddenly, ‘we’re all socialists!’

A Saturday report by Reuters is indicative:

It may, as House Majority Leader and Maryland Democrat Steny Hoyer said on Friday, be out of love that the United States agreed to shut down much of its economy to stop a viral epidemic and save lives.

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It may, as Treasury Secretary Steven Mnuchin said, be out of necessity that the federal government agreed to foot the bill.

Whatever the motivation, in the scope of two frantic weeks, U.S. elected officials and central bankers have engineered an economic intervention unparalleled outside of wartime.

All in it would supplant perhaps 30% of gross domestic product with government spending and loans, drive the federal deficit as high as needed to make that happen, and broaden U.S. social spending in ways that just a few weeks ago Republicans and President Donald Trump were branding as “socialist.”

Full-on government support of the economy is socialism or something worse, but that’s not at all what the relief measure is.

Reuters goes on to add this nugget:

Ten of millions will likely face at least a short spell of unemployment – not because business conditions became soft, but because they became dangerous. Epidemiologists have warned that every human interaction increases the risk that the coronavirus spreads uncontrolled.

First, we don’t know the extent of the virus’ contagion, so though some epidemiologists have certainly offered their opinion, there is no consensus yet.

Secondly, here’s what we do know: The virus causes only mild symptoms in the vast majority of people infected by it, and recovery rates are far higher than death rates by factors of thousands.

Finally, this begs a question: If 3.3 million Americans have been forced to apply for unemployment benefits because their jobs were taken away from them by direct government actions — lockdowns and mandatory business closures that even President Trump suggested — doesn’t ‘government’ have a responsibility to make amends and mitigate losses it imposed?

The answer, of course, is yes.

Besides, this bill is a one-time payout. It’s not a shifting of our economic model. Trust us, when this panic is over capitalism will again reign supreme in the land where it was invented.



Businesses will boom again. Jobs will flourish. The markets will rise. And this nonsense of becoming ‘socialist’ will fade into obscurity as just another Left-wing lie by a state-aligned media destined to destroy an economic system that, bizarrely, keeps them afloat.

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Christian Gains
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Christian Gains

ABSOLUTELY BRILLIANT Jon!! THO, (for the knowledgeable), it SEEMS there is a RATHER LARGE portion of folks, out here, that are LOST to it’s significance…SAD! BUT!

As you’ve stated; AMERICA WILL RETURN to it’s ECONOMIC ROOTS & build once again!!

In spite of the “DOOM SAYERS”!!! BUT!

I WILL take a GREAT DEAL of willing & able sacrifice, AND DESPERATE PRAYER to bring us THROUGH!!! PRAYER BEING THE MAIN INGREDIENT of the VICTORY!!

IMHO…

Brewster
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Brewster

Our wonderful Deep State government is responsible for this hysterical, over-the top, overkill lockdown disaster. Now they got their tit in the wringer and are borrowing 2 trillion to ‘fix’ the mess they created.
Smells like socialism to me.
On a side note : President Trump looks like his dobber is down.
Could it be because the Swamp just took him to the woodshed ?

Brewster
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Brewster

There we were, going about our business enjoying MAGA, then out of nowhere - KABOOM !
Stupid Chinese let their funk get out of control and now the country is hiding under Mommy’s skirt.
So we are told to suffer and sacrifice by the geniuses in Washington because they are saving us from ‘The End of Days’.
I pray that we wake up and take back the reins of our country. As the author stated we will come out of this manufactured mess but why does it seem we’re always in 1 step forward 2 steps back mode when dealing with government ?

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