Sen. Richard Burr of North Carolina and a few of his colleagues, Republicans and a Democrat, allegedly used insider information and made millions in stock sales before the recent crash without fear of jail time ever.
For decades, many politicians coming into office with little money leave with a bundle from lobbyists and insider trading.
Blue collars making an honest living barely get by paycheck to paycheck and the majority are in the statistics of not having $400 for an emergency. Presently, they are getting cut off at the knees with the promise of a month or two of unemployment money that doesn’t even cover the basics.
I rent really nice places to blue collars. With severe business restrictions in downtown Durango, because of coronavirus, I offered help with rent. Still, one is leaving town and another might go after the recent restaurant closures. I can’t imagine re-renting their places in a ghost town setting and a lot of landlords are going to eat it, too.
The trickle-down effect is going to be devastating to almost everyone even after restrictions are lifted. The least affected are the slick one-percenters and a few rungs of the ladder just below these billionaires.
All this misery could have been avoided, in my opinion, if the powers that be in China had honored their little people with sanitary conditions in food preparation. It wouldn’t hurt for the USA to offer constructive advice instead of finger-pointing by calling the crisis China Virus.