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A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
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BlogviewMike Whitney Archive
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Financial Bailout
 BlogviewMike Whitney Archive
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Financial Bailout

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mikewhitneylockdown
Lifting the Lockdown; Easy Does It
• April 26, 2020
• 2,600 Words • 269 Comments • Reply
Can we admit that we were wrong? Can we admit that the coronavirus is not going to kill "hundreds of thousands or even millions" of Americans? Can we admit that the public health system is not going to buckle and collapse? Can we admit that we fashioned our public policy on flawed computer models that... Read More
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Weimar America, Here We Come! Virus Hysteria Adds $10 Trillion to the National Debt
• April 11, 2020
• 1,900 Words • 267 Comments • Reply
There's no doubt that the Coronavirus is a serious infection that can lead to severe illness or death. There's also no doubt that 'virus hysteria' has been used for other purposes. Wall Street, for example, has used virus-panic to advance its own agenda and get another round of trillion dollar bailouts. In fact, it took... Read More
Putin Says 'The Rich Must Pay' for the Corona-Virus
• March 28, 2020
• 1,300 Words • 204 Comments • Reply
Vladimir Putin has decided how Russia is going to pay for the corona-virus. He's going to tax the rich. It's a remedy that most Americans would support if they were given the choice, but they weren't asked. Instead, Congress passed a $2 trillion stimulus package for which the American taxpayer will be held entirely responsible.... Read More
The Senate's Coronavirus Relief Package Must be Stopped!
• March 26, 2020
• 1,900 Words • 26 Comments • Reply
The Senate's $2 Trillion Coronavirus Relief Package is not fiscal stimulus and it's not a lifeline for the tens of millions of working people who have suddenly lost their jobs. It's a fundamental restructuring of the US economy designed to strengthen the grip of the corrupt corporate-banking oligarchy while creating a permanent underclass that will... Read More
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Welcome to Sweatshop Amerika!
The next bailout will be our last
• March 22, 2020
• 1,400 Words • 108 Comments • Reply
Imagine if the congress approved a measure to form a public-private partnership between the US Treasury and the Federal Reserve. Can you imagine that? Now imagine if a panicky and ill-informed Congress gave the Fed a blank check to bail out all of its crooked crony corporate and Wall Street friends, allowing the Fed to... Read More
The Fed Reopens Its Landfill for Distressed Assets
• March 19, 2020
• 1,300 Words • 13 Comments • Reply
The Fed is reopening its most controversial and despised crisis-era bailout facility, the Primary Dealer Credit Facility. The Wall Street Journal describes the PDCF as "an overnight loan facility for primary dealers (that) provides round-the-clock backup source of funding to banks." The WSJ's description grossly understates the facility's real purpose which is to transfer the... Read More
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