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Saturday, November 14, 2026Nov 14

Reich: Bail out people, not corporations

Photo by John Minchillo of The Associated Press / In this March 16, 2020, file photo, a bread delivery is made to a Shake Shack restaurant in the Brooklyn borough of New York. The burger chain Shake Shack says it will return a small-business loan it got to help weather the coronavirus crisis after topping up its funding.
Photo by John Minchillo of The Associated Press / In this March 16, 2020, file photo, a bread delivery is made to a Shake Shack restaurant in the Brooklyn borough of New York. The burger chain Shake Shack says it will return a small-business loan it got to help weather the coronavirus crisis after topping up its funding.

The coronavirus relief enacted by Congress more than three weeks ago is barely reaching Americans in need.

Checks of up to $1,200 are being delivered through direct deposit filings with the Internal Revenue Service. But low-income people who have not directly deposited their taxes won’t get these checks for weeks or months. Worse yet, the Treasury is allowing banks to seize payments to satisfy outstanding debts.

Meanwhile, most of the promised $600 weekly extra unemployment benefits remain stuck in state unemployment insurance offices now overwhelmed with claims.

None of this seems to bother conservative Republicans, who believe all such relief creates what’s called “moral hazard” – the risk that government benefits will allow people to slack off.

Republican Sen. Lindsey Graham, for example, says state unemployment offices are overwhelmed because the extra $600 is “incentivizing people to leave the workforce.” Hello?