US Coronavirus ‘Bailout’ Scam Is $6 Trillion Giveaway To Wall Street

| Resistance Report

Facing the Covid-19 pandemic, the US Congress rammed through the CARES Act — which economist Michael Hudson explains is not a “bailout” but a massive, $6 trillion giveaway to Wall Street, banks, large corporations, and stockholders. Max Blumenthal and Ben Norton discuss the enormous financial scam with Hudson, who reveals how the economy actually works, with the Federal Reserve printing money so rich elites don’t lose their investments.

Read the transcript here.

  • jho blho

    I don’t understand why people aren’t really, really angry. I am. Something’s gotta blow.

  • mwildfire

    HA! Someone else saying what I have been–that the Dems shoved Biden to the fore so they could assure the reelection of their preferred candidate.

  • mwildfire

    People aren’t really really angry because they don’t KNOW all this. Neither the republican nor the democrat media are laying it out like this

  • Richard

    Anyone with half a brain should know this, especially when big business & the rich are the only recipients. Obama did the same thing. For what they spent on stimulus, bailouts, etc, we could have had free medical, education, housing for the homeless and poor, brand new infrastructure from coast to coast, etc, and still had plenty left over. Toilet seats do not cost $600.00, but there are plenty of people who think that they do.

  • Richard

    Because they are to busy keeping up with the klingons fat ass, poor little bieber, playing with all their new tech toys, etc. Who has the time to pay attention to what’s going on in the real world anymore? Is there an app for that? How about a remote control? Far to many are brain dead these days.

  • kevinzeese

    People are angry. Even in the midst of this political explosions are happening.

    Keep watching.

  • Southern

    Actually I did recently notice an advert for a used Japanese toilet seat for that price – obviously aimed at the higher of the market and included a water feature that eliminates the use of paper.