McConnell’s Response to the Coronavirus Recession Fails Key Tests
March 23, 2020
By Mike Konczal
The recent bill introduced by Senate Majority Leader Mitch McConnell tries to stem the current economic crisis. In a previous document, “A Forward-Thinking Response to the Coronavirus Recession,” we outlined five elements that any response needs to include: (1) Help people directly by providing cash, (2) support workers, (3) help states and municipalities, (4) prevent business collapse, (5) and prevent unconditional support for industries that go bankrupt. We can evaluate the bill along these lines.