Democrats Are Handing Donald Trump The Keys To The Country | huffpost
...Final text of the bill has not been released [it now is], but according to a legislative draft, the new law would establish a $4.5 trillion corporate bailout fund overseen by Treasury Secretary Steve Mnuchin, with few substantive constraints. Some outlets are reporting this as a $500 billion fund, but $425 billion of that can be leveraged 10 times over by the Federal Reserve, resulting in a multi-trillion-dollar program.
......The legislation provides nothing of substance to address the coronavirus pandemic itself... It mobilizes no new resources, organizes no production, improves no medical supply delivery and trains no new nurses. Instead, it moves an enormous amount of money around and puts the Trump administration in charge of its movement.
......The oversight terms that Democrats secured are purely cosmetic, replicating the toothless provisions of the 2008 bank bailout that enabled watchdogs to report abuse but not actually prevent or rectify it.
“We will be lucky if most small businesses see any assistance in less than two months,” law professors Adam Levitin and Satyam Khanna wrote in a New York Times op-ed on Tuesday. “That is time they — and their employees — do not have.” As with the bank bailouts, big companies will grow larger and more profitable and demand further control over the way what we still call a democracy is organized.