Huge spikes in COVID and millions more unemployed means Feds will need to extend CAREAct benefits

[stopbush]

I saw a Florida restauranteur on TV who reopened three weeks ago, only to have to close down again because most of his staff tested positive for COVID. He said that without a continuation of the CARE aid that he would probably go under.

When it comes to the unemployed, Ds have already passed their bill that extends the weekly Fed benefit of $600 through the end of the year. Rs are putting out signals that they will not agree to this. However, with the virus surging once again, with 1.5-million workers joining the ranks of the unemployed EACH WEEK, and with those who just returned to work finding themselves once again unemployed, I don’t see how the added benefits cannot be extended beyond July 31.

Even before this, the head of the Fed was calling for continued high levels of financial assistance.

Nearly 50-million Americans have lost their jobs, nearly 22-million are on direct unemployment. Do the Rs really think that most of these people will be back to work in six weeks? Do they really think people will believe the economy has reopened when businesses are forced to close down for a second time?

Doing nothing will mean economic collapse. This is really serious. The virus is not going anywhere any time soon. We better start dealing with reality.

[Wounded Bear]

1. I could use another check, too...

[stopbush]

2. That may happen as well. If people don't have money the economy is going to suffer.

Better to hand out another $1200-2000 to everybody, just to keep things afloat.

[Wounded Bear]

3. I was half joking in my case. I'm doing OK so far...

There are those who need it far more than I do, but if they send it, I have uses for it.

[BigmanPigman]

4. They will only extend it if more big bisinesses get $$$

and not have to disclose which businesses and how much they received, right Steve Mnochin?

[SoonerPride]

5. Don't count on the republicans doing anything else to help

It’s going to be catastrophic and then they’ll try to stop Biden from fixing things.

We must have the senate and do away with the filibuster

[Freethinker65]

6. I think it will be extended, but for less than $600/mth

Those hired back at reduced hours until customers/clients/orders/etc. come back should not be penalized (Earning way less than the $600) for returning to work.