Sunday, October 11, 2020

The Expiration of the Stimulus Package 2020

 The cooperation between the two United States political parties of Republicans and Democrats which heralded into the passing of the Stimulus package has now been broken as the Stimulus has expired and so has the safety nest that the American people in these unprecedented times have comply to rely on. The plethora of heartbreaking news about people short on their rent and mortgages, and other daily expenses have been coming up daily in the news and the coronavirus that has devastated the world economies and also hurt the American people intensely and the vulnerabilities have been too much for the American people to cope with. Jobs are lost and have slowly been coming back but with the virus rearing its ugly head again ( no Thanks to some American people who chose to party and go mask less) have made sure that some jobs will not be coming back in the near future. The latest is the Airline industry that has started to lay off people due to the absence of any stimulus package to shield their employees from massive layoffs.

The lower middle income of which the minorities make a large part of have seen their jobs and income erode faster since they are the ones who are in the service industry where they have to go out and work as compared to the ones who have office jobs and mostly have transitioned to work from home. But even this segment of society may be vulnerable if the economy does not improve as the businesses will dry up. The only solution now is the pass a stimulus package in whatever shape and form and bring the economy back up and running with strict face masks and social distancing, otherwise, the minorities will continue to suffer and the economy will continue to sputter as I don’t see this virus going away anytime soon as the vaccines for which most of the people are seeing as the solution is not going to solve the economic problems as nobody knows what kind of vaccine will help.

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