The Cares Act
This came from an Article last night in Denver and I have not seen it mentioned in Oklahoma yet, but here are the available options for unemployment assistance that we need to share with everyone experiencing economic hardships from the pandemic:
"The additional $600 payments will be available to those receiving standard unemployment from states, in addition to those receiving payments from the Pandemic Emergency Unemployment Compensation (PEUC); Pandemic Unemployment Assistance (PUA); Extended Benefits (EB); ShortTime Compensation (STC); Trade Readjustment Allowances (TRA); Disaster Unemployment Assistance (DUA); and payments under the Self-Employment Assistance (SEA) program."
These payments are scheduled to run through the end of July. My previous News article stands corrected as these payments apply to the formula I presented in a way that props up the value of our dollar by simulating a healthy economy, to an extent, without a massive injection that weakens our dollar. Assuming this goes as planned and the money is released to the current 10 million plus the new registrants, we will be in a better position to observe economic recovery. But we have undeniable repairs that last for some time.
I am harsh on the Federal Government because this still has not played out and the federal election is still not secure. I will remain aggressive in my writing until we know the people are protected and our election is secure.
To enhance the effectiveness, there should not be loans given to small business, but bailouts in the form of free cash. Indebting a business from the pandemic's slowdown is like lending a person money to pay rent. We need to treat the entire system equally, starting with bailouts for the most vulnerable, the hourly workers and small business.