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American Rescue Plan

Biden’s Neoliberal Rescue Of For-Profit Health System Proves We Need Medicare For All

President Biden, the Democratic Party and America's neoliberal vision of world order is rooted in an economic philosophy of privatization and financialization. To assure privatization goals of the 1% oligarchs, distinguished economist Michael Hudson writes that this is achieved by "conquering the brains of a country by shaping how people think. If you can twist their view into unreality economics, to make them think you are there to help them and not to take money out of them, then you've got them hooked." To maintain corporate control of U.S. health care insurance, our system is privatized and unregulated. Private, big insurance companies are in the business of making money, not providing health care, and when they undertake the latter, it is likely not to be in the best interests of patients or to be efficient.

Chris Hedges: Bandaging The Corpse

The established ruling elites know there is a crisis. They agreed, at least temporarily, to throw money at it with the $1.9 trillion Covid-19 bill known as American Rescue Plan (ARP). But the ARP will not alter the structural inequities, either by raising the minimum wage to $15.00 an hour or imposing taxes and regulations on corporations or the billionaire class that saw its wealth increase by a staggering $1.1 trillion since the start of the pandemic. The health system will remain privatized, meaning the insurance and pharmaceutical corporations will reap a windfall of tens of billions of dollars with the ARP, and this when they are already making record profits. The endless wars in the Middle East, and the bloated military budget that funds them, will remain sacrosanct.

Doing Too Little In This Crisis Will Come Back To Haunt The US Economy

The $1.9 trillion American Rescue Plan (ARP) is essential to a robust and equitable recovery. The risk of doing too little is far greater than the risk of doing too much, and the American Rescue Plan meets the scale of the crisis. The overall size and components of the ARP have been carefully studied and considered. Given the balance of risks facing the economy and the danger of delay, passing the plan at its current scale and composition is the most prudent thing policymakers can do to ensure a rapid and fair recovery. Clearly, this is necessary. As the Senate debates what belongs in the final relief bill this week, policymakers must not shortchange aid to state and local governments, which is essential to a robust recovery.
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