Welcome to the Ask the Bitches Pandemic Lightning Round! We’re working around the clock to answer your questions about coronavirus, the impact of quarantine, and the recession of 2020.
Pardon our idealism, but we Bitches tend to think that one of the things a government should be responsible for is the economic welfare of its citizens in times of financial crisis.
You know: like right now.
Because make no mistake, along with being a public health crisis, the global outbreak of coronavirus is also an economic crisis. Many Americans have already lost their jobs due to the pandemic, resulting in a record 3.3 million unemployment claims; others are seeing their hours or pay severely cut; and the stock market is free-falling like Tom Petty at the Super Bowl, dropping the most in a single day since 2008.
But there are little glimmering lights of hope in this, our hour of darkness. The Federal Reserve just made $1.5 trillion available to keep banks solvent and steady. And now Congress has followed suit by passing a stimulus passage that will put money directly into the hands of people financially affected by the pandemic. Which happens to be all of us!
Unsurprisingly, you’ve got questions about this stimulus. We read all about it and distilled it down into easily digested morsels so that you don’t have to.
We’ll be coming at you fast this week, answering as many urgent questions as we can. If you appreciate the extra effort, we would love a small donation on our Patreon. Thank you!Read More