 |
| Trump vs. Biden debates were basically the Swedish Chef vs. Chewbacca on the Ben Shapiro Show. These Twitter Poll results suggest that Trump crushed Biden in the debate. However, the mainstream fake news media is reporting that is was even. Watch the Ben Shapiro show where you wraps up the debate for you. |
— The Spectator Index (@spectatorindex) September 30, 2020
Who won the first 2020 US Presidential debate?Please like, retweet, brigade, and get emotionally invested in this meaningless twitter poll while I enjoy all of the traffic and upcummies.— Enigma (@Enigma_vvv) September 30, 2020
Twitter #Poll time. Which party are you/do you lean towards? Who do you feel won the debate tonight?#Debates2020
— M.J Vera (@mj33jm) September 30, 2020
— Daily Blast LIVE (@dailyblastlive) September 30, 2020
Voters, if you’ve decided on your candidate are you voting— Coach Miller (@JaredLMiller) September 30, 2020
Omar Connected Harvester SEEN Exchanging $200 for General Election Ballot."We don't care illegal."
This is totally illegal. Hope that the U.S. Attorney in Minnesota has this, and other of her many misdeeds, under serious review??? If not, why not??? We will win Minnesota because of her, and law enforcement. Saved Minneapolis & Iron O Range! https://t.co/yete31P680
— Donald J. Trump (@realDonaldTrump) September 28, 2020
ALLEGATIONS OF VOTER FRAUD BEING EVALUATED. ✅ The MPD is aware of the allegations of vote harvesting. We are in the process of looking into the validity of those statements. No further information is available at this time on this.
— Minneapolis Police (@MinneapolisPD) September 28, 2020
MN GOP Rep. @stevedraz recounts why he went to @jamesokeefeiii w/Ilhan-tied election fraud after reporting to FBI: "I was not convinced that they were going to do an investigation...the only other organization that would do this & bring it to the surface was @project_veritas." pic.twitter.com/JilGKQcIby
— Michelle Malkin (@michellemalkin) September 28, 2020
On Friday, Florida Gov. Ron DeSantis signed an executive order permitting restaurants and bars to start running at 100 percent capacity immediately.
The step suggests that the state is transitioning into reopening phase 3. In terms of what local governments can do to limit operations, the order handles restaurants and bars differently.
"There would be no restrictions," he said, from the state of Florida.
DeSantis said that he completely expects the state in February to host a "full stadium Super Bowl." It's The Super Bowl.
"We're anticipating a complete Super Bowl, and we're going to prove that we can do that," he said.
If a local government Covid-19 emergency order limiting restaurant to less than 100% of its indoor capacity but above 50%, the government must explain why the limitation is necessary for public health and quantify the economic impact of the limits.
"If a local (government) restricts between 50 and 100, they've got to provide the justification and they've got to identify what the costs are involved with doing that is," DeSantis said.
"Every business has a right to operate... you can’t just say 'no' after six months and have people twisting in the wind,” he said.
The order also bars cities and counties from ordering restaurants to close, unless they can justify a closure for economic or health reasons.
Mayor Jerry Demings of Orange County said he was surprised that he did not know about DeSantis' executive order until Friday's press conference.
"As we deal with this pandemic, everything happens at a local level, this is where the rubber meets the road. And in order for us to be effective at dealing with the virus, we have to have good communications across the state," Demings said, adding that his office received calls from "numerous businesses" seeking clarity following the governor's statements.
"It really isn't a good look for government, when we are not all on the same sheet of music and so I just hope that the government does better with that," Demings said.
DeSantis, in "an act of executive grace," also suspended "all outstanding fines and penalties that have been applied against individuals" associated with pandemic-related mandates, like mask requirements.
"I think we need to get away from trying to penalize people for social distancing," DeSantis said. "All these fines we're going to hold in abeyance and hope that we can move forward in a way that's more collaborative."
Vulnerable Populations
Individuals older than 65 years of age and individuals with a serious underlying medical condition (such as chronic lung disease, moderate-to-severe asthma, serious heart conditions, immune-compromised status, cancer, diabetes, severe obesity, renal failure, and liver disease) can resume public interactions but should practice social distancing, minimizing exposure to social settings where distancing may not be practical unless precautionary measures are observed. Vulnerable populations should affirmatively inform their employer that they are a member of the vulnerable population so that their employer can plan accordingly.
Social Gatherings
Non-vulnerable populations should consider minimizing time spent in crowded environments
Travel
Non-essential travel may continue.
EMPLOYERS
Telework
Employees should resume unrestricted staffing of worksites and implement the final phasing in of employees returning to work. For vulnerable populations, teleworking can be considered.
Employee Screening
Employers should take prudent and practical measures to ensure employees do not enter the premises if they believe they are infected with COVID-19 or show symptoms of influenza-like illness.
Travel
Employees should resume non-essential travel and adhere to CDC guidelines regarding isolation following travel.
Local Government Meetings
These meetings should return to in-person quorum and public participation for local government bodies.
OTHER
Bars, Pubs and Nightclubs
Bars, pubs, and nightclubs that derive more than 50 percent of sales from alcohol should operate at full capacity with limited social distancing protocols. Businesses should maintain adequate sanitation practices among employees and patrons during all hours of operation. Menus, if laminated, should be cleaned after each usage. Paper menus should be designed for single-use and then disposed of immediately after use.
Restaurants
Restaurants and foodservice establishments may operate at full capacity with limited social distancing protocols. Businesses should maintain adequate sanitation practices among employees and patrons during all hours of operation. Menus, if laminated, should continue to be cleaned after each usage. Paper menus shall be designed for single-use and then disposed of immediately after use.
Gyms and Fitness Centers
Gyms and fitness centers should open to full capacity but should maintain adequate
sanitation practices among employees and patrons during all hours of operation.
Recreation
State Parks: State parks should be fully opened, including overnight accommodations.
Public Beaches: Beaches should remain fully open.
Large Venues: (i.e. movie theaters, concert halls, auditoriums, bowling alleys, arcades, playhouses, casinos) These venues should re-open fully with limited social distancing protocols.
Large Sporting Events and Theme Parks
Large spectator sporting events should consider reducing capacity with limited social distancing protocols.
Theme parks may return to normal operations with limited social distancing protocols.
Vacation Rentals
Vacation Rentals should resume normal operating procedures but should continue to thoroughly clean and disinfect the property between rentals.
Personal Services Businesses
Personal Services Businesses, such as cosmetology salons, barbershops, and nail salons, should operate under full capacity but should consider the following mitigation measures:
Continue to maintain adequate sanitation practices for employees and patrons.
Regularly clean and disinfect working stations and equipment between interactions with customers to the greatest frequency feasible.
Remove all unnecessary, frequent-touch items such as magazines, newspapers, service menus, any other unnecessary paper products and décor from customer service areas.
Retail Businesses
Operators of retail businesses should operate at full capacity but should continue to maintain adequate sanitation practices for employees and patrons.
COVID-19 Is Becoming A Mental Illnesses Disease . . .
Here is a list of 87 COVID-19 symptoms that Google Searches are tracking. This map and chart below show where these searches are taking place. The paranoia of associating all symptoms to COVID-19 has now become the norm conditioned by the media and our CDC. The fact that more and more people are trying to test for COVID-19 for simple things like headaches and minors things is ridiculous. When is this madness going to stop?
The dataset and list of symptoms of COVID-19 Search Patterns show aggregated, anonymized patterns in Google searches for more than 400 health symptoms, signs, and conditions such as cough, fever, and breathing difficulties. For each field, the dataset provides a time series that shows the relative volume of searches for each symptom.
This dataset is designed to help researchers understand the effects of COVID-19 more effectively. It should not be used for the purposes of medical diagnosis, prognosis, or treatment. It also isn’t intended to be used for guidance on personal travel plans.
This aggregated, anonymized dataset illustrates trends in symptom search patterns and is intended to help researchers understand the effects of COVID-19 better. Public health experts suggested that search pattern patterns could be helpful in generally understanding how COVID-19 affects populations and also in early identification of outbreaks.
You should not presume that the data is a record of clinical incidents in the real world or use this information for medical diagnosis, prognosis, or treatment purposes. Try exploring these interactive charts and maps of symptom search patterns to visualize the info.
On this map, purple counties had more searches related to “Fever” during the week of 2020-08-17 than typical for the county. Fewer related searches took places in green counties. Some counties have insufficient data to map.
The amount of Google searches for a wide variety of health symptoms, signs, and conditions is reflected in this data. The search count is mapped to each of these symptoms for each day and arrange the results by geographical area. A regular or weekly time series for each area showing the relative frequency of searches for each symptom is the resulting dataset.
It is possible to map a single search query to more than one symptom. For example, three symptoms are mapped to check for "acid reflux and coughing up mucus": cough, Gastroesophageal reflux disease, and Heartburn.
Here is the list of 87 symptoms Google is tracking:
How ridiculous is this? On the only holiday where masks are encouraged and enjoyed, the CDC says costume masks are not safe.
"Do not use a costume mask (such as for Halloween) as a substitute for a cloth mask unless it is made of two or more layers of breathable fabric that covers your mouth and nose and doesn't leave gaps around your face," the website reads.
A costume mask can protect against spreading the coronavirus if it's like a regular cloth mask: two or more layers of breathable fabric covering the nose and mouth, without gaps around the face.
And what about masks? A costume mask is no substitute for a cloth mask, according to the agency, but don't double up with one over the other because that can make it hard to breathe. Instead, consider a Halloween-themed cloth mask, the CDC suggests.
The Centers for Disease Control and Prevention has therefore released fresh recommendations on how to safely celebrate Halloween. No big surprise: they say it is not suggested to have classic door-to-door trick-or-treatments and crowded, boozy costume parties.
The CDC's guidelines group Halloween activities into lower-risk, moderate-risk, and higher-risk buckets.
Indoor haunted houses where individuals are crowded and screaming are very dangerous, which may send contagious particles flying. Going on hayrides with people in rural areas who are not in your household or fall festivals often carries a chance of transmitting the COVID-19 virus. And the CDC warns that using alcohol and drugs "can cloud [judgment] and improve risky behaviors," although this is equally true in any season.
The agency says this way of trick-or-treating poses a moderate risk (compared with the higher risk of the traditional style): Kids could pick up individually wrapped gift bags at the end of a driveway or yard while still preserving social distance.
You could also organize a small outdoor costume parade where everyone is 6 feet apart. An outdoor costume party would also be considered moderate risk if people wear masks and stay 6 feet away from each other.
The CDC's lower-risk activities include carving pumpkins with your household, or outdoors with friends while socially distanced. It also suggests a Halloween scavenger hunt: looking for witches, spiderwebs, and black cats outside houses while walking around — or a scavenger hunt for treats in your own home.
Philadelphia Legislation to Restrict the Use of Ski Masks in Public
Several head coaches have been fined $100,000 by the NFL for not wearing face masks on the sidelines, a safety measure required during the COVID-19 pandemic games. The coaches' teams, with $250,000 penalties, were also fined.
The coaches include Pete Carroll of Seattle, Kyle Shanahan of San Francisco, and Vic Fangio of Denver, according to ESPN's Adam Schefter.
After the NFL finished the second week of games, the penalties were released, all of which were played in stadiums that were either empty of fans or at a drastically reduced capacity due to fears about the potential spread of the coronavirus.
Carroll, Shanahan, and Fangio have all worn neck gaiters during their teams' first two games, but each of them has often been seen with the covering pushed down below their chin.
The NFL's game-day safety protocols state, "All individuals with Bench Area Access, except for Players, shall be required to wear masks at all times. Coaches must wear either a mask, neck gaiter, and/or face shield to satisfy this obligation."
A week before the first pro football games, those protocols were released. The initiatives also facilitate the wearing of masks by players who are not in the game, and the policy reminds them to comply with local regulations.
The mask requirement extends beyond the teams' bench area. Anyone with field access, from stadium workers to journalists, at all times must also wear masks or other face coverings.
Bill Belichick has Bird Mask Technology
Bill Belichick has Bird Mask Technology pic.twitter.com/QQztKicrtD
— Will Brinson (@WillBrinson) September 21, 2020
 |
Trust accounts for unemployment insurance are funded by corporate taxes that payout payments to laid-off employees. State and federal legislation cause tax increases to replenish the accounts if the funds appear to run out of funding, as they do now in several states.
The non-partisan New Jersey Legislative Services Office reported last week that the rebalancing of the books would save employers $919 million in new unemployment payroll taxes next year. News outlets quoted some New Jersey legislators as saying that, as the state did during the Great Recession, they might pass legislation to spread the effect over many years.
To augment unemployment trust funds and prevent some of the rises in business income, some states have used federal coronavirus relief dollars.
The U.S. Treasury Department reports 20 states that have sought loans as of Sept. 18 to fund unemployment compensation. California, Illinois, Massachusetts, New York and Texas are now borrowing billions of dollars.
Since the Great Recession, many states have just recently replenished their unemployment funds. After the decline, some states passed laws to allow business tax increases to spread out over several years to mitigate the impact.
Nationally, the average tax on state unemployment benefits went down from 3.8 percent to 1.8 percent between 2012 and 2020 as funds were replenished, according to an Equifax study.
New Mexico now borrowing from feds to pay state unemployment benefits.
Louisiana Legislature Calls Special Session To Address Coronavirus Restrictions, Unemployment Crisis
‘Is the coronavirus a scam?’ School science quiz question leads to pushback for Texas teacher. A Texas school district is under fire after an online quiz question posed to junior high students.
A science teacher at Pearland Junior High East asked her students, “Is the coronavirus a scam?” according to a post on the Parents in Pearland Independent School District Facebook page. The answer “True” was shown as the correct answer on the quiz.
The question was part of a quiz meant to familiarize students with their new online system, according to an email from the school principal posted on Facebook. The principal sent a similar statement to KPRC and added an explanation.
“The teacher’s intent was to spark conversation,” Principal Charles Allen told the TV station. “It was not to imply the virus is not serious or to make any political stance. The question has since been taken down.”
Most parents on the Facebook group for the Houston-area school district did not feel the question was an appropriate one to ask the students.
The virus is thought to spread mainly from person-to-person through respiratory droplets produced when an infected person coughs, sneezes, or talks. These droplets can land in the mouths or noses of people who are nearby or possibly be inhaled into the lungs.
CDC reverses itself and says guidelines it posted on coronavirus airborne transmission were wrong. CDC removed recently added language saying it was “possible” that it spreads via airborne transmission.
The virus that causes COVID-19 is spreading very easily and sustainably between people. Information from the ongoing COVID-19 pandemic suggests that this virus is spreading more efficiently than influenza, but not as efficiently as measles, which is highly contagious. In general, the more closely a person interacts with others, and the longer that interaction, the higher the risk of COVID-19 spread.
A draft version of proposed changes to these recommendations was posted in error to the agency’s official website. CDC is currently updating its recommendations regarding the airborne transmission of SARS-CoV-2 (the virus that causes COVID-19). Once this process has been completed, the updated language will be posted.
As a result of COVID-19, the Big Ten and Pac-12 cancel their football seasons, college sports programs face a financial apocalypse. Big Ten & Pac12 could lose up to $1B in revenue after canceling fall football.
Canceling college football season for the safety of student-athletes during the COVID-19 pandemic will cost Big Ten athletic departments more than $275 million in ticket sales and could reach $1 billion in total lost revenue, according to NCAA fiscal reports obtained by The Post. At one end, Rutgers faces a vanishing $49 million, while cash-cow Ohio State’s would be out $104 million and include a league-high $50 million in lost tickets alone. It’s no wonder the Big Ten and like-minded Pac-12 are hoping to move football season to the spring rather than call it off.
These big-revenue programs are part of the NCAA’s Division I Football Bowl Subdivision (FBS) — 130 football teams in all, whose athletics department budgets ranged from $16 million to $207 million in 2018. This 10-conference subdivision includes the only college football teams that still might play this fall — a number that dwindles by the day, with the news Tuesday that the Big Ten and the Pac-12 conferences have canceled the fall season.
With the cancelation of fall football in the Big Ten and Pac-12 nations, many analysts have noted that the absence of gameday action would hit local economies hard. While this may still have been the case as long as the capacity of the stadium is reduced, there is no question that the economic effects of the movements would be important.
The impact however reaches well past local companies and athletic departments. Television networks could lose tens of millions, if not a great deal more. Fox Sports is now one of the major losers, as the network has a large presence in the Big Ten and Pac-12 — Fox owns the Big Ten Network.
“The twin postponements will erase some $165.7 million in sales from Fox’s fall ledger, with the Big Ten accounting for the bulk of the losses — around $124.8 million, versus the $40.9 million the company generated with its 2019 Pac-12 slate,” Crupi wrote. “Nor will any further relief be forthcoming via Fox’s most recent rights deal, which would have seen it carry 23 Mountain West games beginning this fall.”
Patrick Rishe, director of the sports business program at Washington University in St. Louis, used our database and other sources to project that the Power 5 would collectively lose more than $4 billion in football revenues from a mass cancellation, with each of its 65 programs losing an average of $62 million.
Looking at fixed expenses, our database shows that 54 of the public Power 5 institutions (data for private institutions is not available) hold $7.4 billion in total athletics debt for which they pay a combined $578 million in annual debt service. Read more.
The lack of unifying leadership in making decisions about a fall season underscores college football’s broken and fragmented governance system. Unlike the NCAA’s March Madness basketball tournament, the FBS’s 10 conferences manage their lucrative postseason championship—the College Football Playoff—independent of the NCAA.
Not to mention all of the great athletes that are transferring to other active football programs in the SEC and ACC. Huge losses!Hong Kong's 'Whistleblower' Dr Li-Meng Yan joins Tucker Carlson with an insight into 'Tucker Carlson Tonight.
Facebook & Twitter have since censored this interview (according to Zero Hedge).
A Chinese virologist and whistleblower on Monday (Sept. 14) followed through on her pledge to release a paper explaining how the genome of the Wuhan coronavirus (COVID-19) indicates that it was constructed in a Chinese lab rather than naturally occurring.
Yan released the report on the data platform Zenodo with the title "Unusual Features of the SARS-CoV-2 Genome Suggesting Sophisticated Laboratory Modification Rather Than Natural Evolution and Delineation of Its Probable Synthetic Route." Zenodo is a general open access repository developed under the European OpenAIRE project and operated by the European Organization for Nuclear Research (CERN), allowing researchers to store data, software, reports, and any research-related tools.
The paper pointed out that the biological characteristics of SARS-CoV-2 are not consistent with a naturally occurring zoonotic virus. The researchers assert that the genomic, structural, medical, and literaty evidence presented in the paper strongly contradicts the natural origin theory.
'The Chinese government purposely engineered and unleashed the COVID-19 virus that resulted in worldwide mass shutdowns and deaths, a top virologist and whistleblower told Fox News host Tucker Carlson Tuesday. Yan said further information will be released but referred to her own high-ranking role in a research lab for the World Health Organization as a justification for believing her claim.
"I worked in the WHO reference lab, which is the top coronavirus lab in the world, in the University of Hong Kong. And the thing is I get deeply into such investigation in secret from the early beginning of this outbreak. I had my intelligence because I also get my own unit network in China, involved in the hospital ... also I work with the top coronavirus virologist in the world," she said.
Yan's remarks were in contrast with the opinion of Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases and advisor on coronavirus in the White House, who had previously cast doubt on the notion that the virus was developed artificially. He told National Geographic in May: "When you look at the evolution of the virus in bats, then what's out there now is very, very strongly leaning towards that [virus] could not have been engineered intentionally or deliberately — the way the mutations developed naturally."
Her findings fuelled growing concerns that the Chinese government had neglected to warn the world about the danger of the virus early on. In particular, she claims the Chinese government has neglected research that could save lives. The State Department did not respond immediately to a request for comment from Fox News.
His former employer, Hong Kong University, attacked her account in response. A press release noted that "the substance of the above news article does not adhere to the core facts we understand."
Yan, who said she was one of the world's first scientists to research the novel coronavirus, has fled China and is now fearing retribution. In 2019, her boss at the University / WHO reference laboratory, Dr. Leo Poon, allegedly asked her to look into the unusual cluster of SARS-like cases coming out of mainland China at the end of December 2019.
Dr Li-Meng Yan was already working at a certain Hong Kong School of Public Health before the actual start of the whole COVID-19 pandemic. She then turned into a whistleblower herself on the entire Chinese government after she alleged that they already knew about the fact of coronavirus spread even before the dangerous outbreak was officially recognized.
Dr. Yan then said she had to escape to the US for her own safety and is now determined to talk to the whole world about her findings.
Dr. Yan also alleged that the White House health advisor known as Dr. Fauci probably knew even more than her about how they approved the previous gain-of-function study results to (fund) the specific Chinese laboratories that were under the jurisdiction of the CCP as a whole.
She said Dr. Fauci had more information than her and was also more invested in the whole project. A previous article by Newsweek has actually published that stated allegations that Dr. Fauci was actually funding the coronavirus with the use of US dollars!
The gain-of-function or GOF research, which was previously written about all the way back in July, is the actual euphemism for the whole government-sponsored biological research that was conducted for biodefense purposes and also aimed at increasing the virulence and also the lethality of the pathogens and the viruses.
After a month of the interview, Dr. Yan said she had proof that the COVID-19 was actually created in the known Wuhan laboratory. She also said she plans to release the current evidence showing that the COVID-19 did not emerge in nature but was in fact developed in the very Wuhan Virology Institute itself.
During the recent interview, Dr. Yan confirmed that she certainly intends to release the evidence showing why the coronavirus came from China's established laboratory and why they're really the only ones who did it.
In Part 1 of the paper, the scientists provide evidence that the SARS-CoV-2 was subjected to in vitro manipulation. First, it states that the genomic sequence of the virus is strikingly similar to that of a bat coronavirus found by People's Liberation Army (PLA) labs in the Third Military Medical University in Chongqing, China, and the Research Institute for Medicine of Nanjing Command in Nanjing, China.
Second, it shows that the receptor-binding motif (RBM) found in the virus's notorious spike protein is "suspiciously" similar to SARS-CoV from the 2003 SARS outbreak, indicating it was genetically modified. Third, the spike protein of the virus contains a unique furin cleavage site that is "completely absent in this particular class of coronaviruses found in nature," while the rare codons seen in this sequence suggest that it could have been inserted into the genome artificially
Regarding the "Zhoushan bat virus," the team wrote that ZC45 and ZXC2 have the highest sequence identity with SARS-CoV-2. In terms of similarity between ZC45/ZXC2 and SARS-CoV-2, the genome is 97 percent identical, the nucleocapsid protein is 94 percent identical, the membrane protein is 98.6 percent identical, and the S2 portion (2nd half) of the spike protein is 95 percent identical.
I'm forming an opinion on this. Any thoughts on Dr. Yan and/or the validity here? Thanks...#CCP #China #COVID19 #LiMengYan #FeedingTheDragonhttps://t.co/kRsa9E0svF
— Chris Fenton (@TheDragonFeeder) September 16, 2020
Here is a prime example of a fake law "closing hair salons" for Coronavirus fears and yet the House Majority Speaker Nancy Pelosi gets to break the law herself. This is hypocrisy at its finest moment while American small business owners are getting crushed. Coronavirus rules and local laws not be obeyed by everyone, especially those in political power.
A fundraiser for the San Francisco-based hair salon whose owner says she needs to relocate her business after releasing video of a maskless House Speaker Nancy Pelosi has reached its goal of $327,000+, the salon owner announced. Erica Kious thanked those who donated to a GoFundMe page for her amid her feud with Pelosi (D-Calif.).
It is easy to think that we should all react the same way to events, new laws, and rules in the world and so should we have similar responses to them. But that’s not quite what happens in our brains. Most people do not have the capacity to capture all the information that is coming through our senses – what we see, hear, and feel.
Instead, we pay attention to the information that is most relevant to us and use it to create an interpretation of what is happening in the world. In other words, we tell ourselves a story about what is happening and then react to our story. Some people have common sense reasoning and some just do what they are told. Some people also call this common sense or independent thinking. Where has our common sense gone?
Billionaires have a combined wealth of more than $3.6 trillion, and their collective wealth will soar by $1,130 between 1990 and 2020. Bezos, Bill Gates and Warren Buffett had the second-largest increase in their wealth during the pandemic. Bezos and Zuckerberg have added $35 billion and $25 billion to their fortunes, respectively. In total, the 20 richest people in the United States, including Bezos, Zuckerberg, Gates, and Buffett, as well as the rest of the world's ten largest billionaires, had a combined wealth of $3.6 trillion by August 5, 2020.
This makes sense as retail is getting killed and Amazon benefits and Bill Gates gets to sell more vaccines to the world. Meanwhile, 40 million Americans filed for unemployment during the pandemic, but billionaires saw their net worth increase by half a trillion dollars.
First, the government disproportionately gave more aid to banks and corporations. In 2008, the Emergency Economic Stabilization Act was signed into law, creating a $700 billion program to purchase devalued assets from banks. This was called the Troubled Asset Relief Program, or TARP. Later, President Obama would direct $75 billion in funds from TARP to help reduce interest payments for homeowners. That means homeowners received around 10% of the direct relief that banks and corporations did.
And this leads to reason No. 2. When the stock market bounced back, the unequal bailouts meant that the wealthy still had money on hand to invest and thus profit, while the middle and lower classes did not. In 2008, the Federal Reserve lowered short-term interest rates to near zero. They would remain that low for nearly a decade. This paved the way for a historic bull market on Wall Street that began in 2009 and lasted until March 2020, when the pandemic hit. The Ponzi scheme continues with no restructuring of bad behavior insight
