Economists Slam Trump Coronavirus Plan To Give Companies Billions

Economists say that Trump’s plan to give corporations billions to deal with coronavirus won’t work for ordinary people.

“Cash giveaways,” suggested Paul Ashworth, chief U.S. economist at independent research firm Capital Economics as a way to boost consumer spending and spark growth.

“[R]apid direct payments to individuals,” recommended Josh Bivens, director of research at the liberal Economic Policy Institute.

“Stimulus payments to households,” said Jay Shambaugh, director at the centrist Hamilton Project, founded by former Clinton Treasury Secretary Robert Rubin.” [READ MORE]