In terms of potential deaths and the impact on our economy, the crisis we face from coronavirus is on the scale of a major war, and we must act accordingly. We must begin thinking on a scale comparable to the threat, and make sure that we are protecting working people, low-income people, and the most vulnerable communities, not just giant corporations and Wall Street.
Empower Medicare to Lead Health Care Response
2. Establish an Emergency Economic Crisis Finance Agency to manage the economic crisis
This emergency agency, modeled after the Reconstruction Finance Corporation, will be empowered to cover affected businesses’ payroll, make zero percent loans and loan guarantees to businesses, finance new construction of factories, emergency shelters, and production of emergency supplies such as masks and ventilators, and create new jobs and economic development. This agency will provide all the necessary funding for fighting this economic crisis.
Our response to this health and economic crisis cannot be another money-making opportunity for corporate America and Wall Street. We need to establish an oversight agency to ensure no one is profiting off of the economic pain and suffering of our people in crisis.