America has lost more than 12 million jobs in the last six months. An estimated 12 million people have lost their employer-sponsored health insurance… - Mark Weisbrot

" "

America has lost more than 12 million jobs in the last six months. An estimated 12 million people have lost their employer-sponsored health insurance during the worst pandemic in a century. Tens of millions report not having enough to eat. But one month ago, tens of millions of unemployed Americans lost... a $600 weekly federal unemployment insurance benefit that Congress failed to renew... How can this happen in a democracy? This is a question that everyone who works for a living... might want to consider on this Labor Day... If the facts of this political disaster were more widely known and understood, Republicans could lose not only the presidency but also the Senate in November. After all, millions of unemployed Republicans lost most of their income as a result of what their political party...did... Republican senators repeatedly expressed worries that the unemployment benefits created a "disincentive to work." But economists have found no evidence of this; on the contrary, millions of workers who were receiving these benefits returned to work in May through July, and there are more than 11 million more workers and there are more than 11 million more workers unemployed than there are job openings.

English
Collect this quote

About Mark Weisbrot

Mark Alan Weisbrot is an American economist and columnist. He is co-director with Dean Baker of the Center for Economic and Policy Research (CEPR) in Washington, D.C. Weisbrot is President of Just Foreign Policy, a non-governmental organization dedicated to reforming United States foreign policy.

PREMIUM FEATURE
Advanced Search Filters

Filter search results by source, date, and more with our premium search tools.

Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.

Additional quotes by Mark Weisbrot

The American right has always hated social security, from its origin in the New Deal of the 1930s. Social security is based on an ethic of solidarity: we are all in this together, so it is in our collective and individual interest to pay into a social insurance fund when we are young, healthy and working, and draw upon it when we need it. This does not fit well with the rightwing narrative of society as a collection of atomized, self-interested individuals. In the 90s... many liberals began to accept, and even promote, the arithmetically false, rightwing talking points that social security was going broke. The verbal and accounting tricks were swallowed by much of the media and proved effective... Hardly anyone, outside of those of us who looked at the numbers, seemed to notice that this is just one side of the balance sheet. The other side shows that productivity and wages also grow, and hence it takes fewer workers per retiree to finance any given level of benefits. That’s one reason why, for example, the ratio of workers to retirees fell from 8.6 in 1955 to 3.3 in 1999 and nobody missed a social security check. And people accepted that payroll taxes increased, because their wages increased vastly more. The “granny-bashers”, as we affectionately called them, created a phony intergenerational war out of something that was very much a war waged by the rich against all generations

The Trump administration is repeating the collective punishment strategy in Venezuela with a crippling financial embargo since August 2017 and, since January, a trade embargo. The financial embargo has prevented any measures that the government might use to get rid of hyperinflation or bring about an economic recovery, while knocking out billions of dollars of oil production. The trade embargo is projected to cut off about 60 percent of the country’s remaining meager foreign exchange earnings, which are needed to buy medicine, food, medical supplies, and other goods essential to many Venezuelans’ survival.

PREMIUM FEATURE
Advanced Search Filters

Filter search results by source, date, and more with our premium search tools.

Economic sanctions, as the U.S. is applying against Iran, Cuba, Venezuela, and other countries, cause immense harm... there is no doubt that Iran's capacity to respond to the novel coronavirus has been hampered by the Trump administration's economic sanctions, and the death toll is likely much higher than it would have been as a result... There can... be no question that the sanctions have affected Iran's ability to contain the outbreak leading in turn to more infections, and possibly to the virus' spread beyond Iran's borders... If the U.S. government is going to assist other countries, let alone provide some kind of leadership role during this global crisis, the first thing it should do is 'cause no harm, "Economic sanctions, as the U.S. is applying against Iran, Cuba, Venezuela, and other countries, cause immense harm.

Loading...