ISSN 2330-717X

Moment Of Truth Is Now For COVID And Economic Relief – OpEd

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The US Senate returned to work this week after a two-week vacation during which COVID-19 exploded and the economy imploded. The moment of truth has now arrived. Will the House and Senate now bring forth a Covid relief package adequate to the Covid health and economic crises?

The last six months of the pandemic and economic collapse show that the two governing parties are presiding over a failed state. Most other organized societies have test, contract trace, and quarantine programs that have suppressed community spread of the virus and enabled a safe reopening of businesses and schools. The two major parties in the US have continued their dogmatic faith that private enterprise alone can deliver health care and economic recovery. It has been a dismal failure. 

With 4% of the world’s population, the US has 25% of the world’s Covid deaths, more than 140,000 deaths so far, with public health experts predicting as many as 800,000 deaths by the end of the year. 

Trump gave up. Covid won. Trump is a loser. But where is Biden? He lives within commuting distance of the White House press corps. He can command their attention as the presumptive Democratic nominee. Why isn’t he holding press conferences to pound away on the need for a test, trace, and quarantine program to suppress the virus and safely reopen the economy? He has only done one press conference with questions and answers since he became the presumptive nominee four months ago.

Meanwhile, the economy is now in a depression, with over 35 million unemployed, over 32 million receiving unemployment benefits, and six million dropping out of the labor force entirely since February. With tax revenues collapsing, the failure to provide federal funding to state and city governments risks the jobs of 22 million public sector workers. As of May, states and cities needed nearly $1 trillion in federal aid by this summer to keep operating without big layoffs of public workers.

The last COVID-19 bailout, the Paycheck Protection Program (PPP), turned into a feast of corruption by members of the Trump administration, Congress, and their families, donors, and political cronies. The disgrace was made worse because one-third of the people could not make their rent payments. 14 million children went hungry in June, three times the number of children who went hungry during the Great Recession, according to an analysis of Census data. The US government is infested with corporate crooks and flunkies. The next COVID-19 relief package must put in place protections against the theft of government funds by politicians, government insiders, and their confidants 

Direct federal payments to individuals and small businesses are urgently needed if the US is to prevent long-term job loss by the destruction of Main Street small businesses, which accounted for nearly half of all jobs going into the COVID-19 economic lockdown.

The impact of the economic collapse will hit even harder next week because the temporary weekly increase of $600 in unemployment benefits ends on July 25, as does the federal moratorium on evictions from federally-subsidized housing.  The Census Bureau Household Pulse Survey found 30 percent of renters had little or no confidence that they could meet housing payments in August. 28 million people could face eviction by September. An estimated 27 million people have lost their employer-linked health insurance.

In April we put forward an urgent agenda to address COVID-19 and the economic collapse. The health and economic crises have only deepened since. This updated agenda for the duration of the crises needs to be enacted by Congress now. 

  • Medicare to Pay for COVID-19 Testing and Treatment and All Emergency Health Care
  • Defense Production Act to Rapidly Plan the Production and Distribution of Medical Supplies and a Universal Test, Contact Trace, and Quarantine Program to Suppress the Virus so the Economy and Schools Can Be Safely Reopened
  • An OSHA Temporary Standard to Provide Enforceable PPE Protection for Workers
  • $2,000 a Month per Individual (Including Children) Making Less Than $120,000 a Year
  • Loans to All Businesses and Hospitals for Payroll and Fixed Overhead, To Be Forgiven If All Workers Are Kept on Payroll
  • Moratorium on Evictions, Foreclosures, and Utility Shutoffs
  • Cancel Rent, Mortgage, and Utility Payments; Federal Government Pays Those Bills; High-income People Pay Taxes on this Relief
  • Continue the expanded unemployment benefits that provide $600 to the amount received when people receive benefits.
  • Suspend Student Loan Payments with 0% Interest Accumulation
  • Federal Universal Rent Control
  • Aid to State and Local Governments Sufficient to Keep Essential Services Running
  • Emergency Funding to Cover US Postal Service Revenue Shortfalls Due to the COVID-19 Pandemic
  • Universal Mail-in Ballot Option for the 2020 General Election

The US needs to immediately hire several hundred thousand people to test and contact trace those infected or exposed to COVID-19. This program is essential to re-opening the economy and schools safely. It is unpardonable that the leadership of both governing parties have failed for six months into the pandemic to implement this basic public health measure to suppress the virus. 

The housing crisis is becoming more acute. Even before the economic collapse, US cities suffered from chronic homelessness for hundreds of thousands of people. The homes for all program in the Hawkins/Walker Ecosocialist Green New Deal is a 10-year, $2.5 trillion program to build 25 million units of public housing to ensure that every person has access to affordable housing within a decade. The private housing market has never provided affordable housing for all.

Direct support to people must increase. Hawkins/Walker supports Senator Bernie Sanders’ Monthly Economic Crisis Support Act that would provide a monthly $2,000 check to every person, children included, making less than $120,000 a year. This support must continue until the US achieves economic recovery.

With consumer demand depressed, private investors are not risking job-creating new investments. Economic recovery requires public investment, with an immediate investment on the order of $4 trillion and a long-term public investment of the same yearly scale to sustain an economic recovery and to address the looming economy-killer in the background, the climate emergency. 

Hawkins/Walker have called for the Green New Deal to be the engine of the recovery. The 10-Year, $42 Trillion budget for an Ecosocialist Green New Deal would create 38 million new jobs by rebuilding all our production systems for zero-to-negative greenhouse gas emissions, zero-waste recycling, and 100% clean renewable energy by 2030 in order to reverse the climate crisis and other environmental problems. It will employ public enterprise and planning, particularly in the energy, transportation, and manufacturing sectors, in order to make the clean energy transformation in a decade. The Economic Bill of Rights in the program will end poverty and economic insecurity through a job guarantee, a guaranteed income above poverty, Medicare for All, and doubling of Social Security benefits to provide a secure retirement for all seniors.

The COVID-19 health and economic crises are devastating. But they also present us with the opportunity to institute economic justice, public health, and climate protection measures that will build a sustainable prosperity for our future.

*Howie Hawkins and Angela Walker are the Green Party candidates for president and vice president.

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