Coronavirus bailouts will cost taxpayers hundreds of billions of dollars – unlike past corporate rescues that actually made mone
Submitted by Reed Financial Group on May 1st, 2020
The U.S. government has now pledged almost US$3 trillion to save the economy and Americans from the coronavirus recession.
Most of that is aimed at individual Americans in the form of additional unemployment insurance or the so-called economic impact checks. About $1.2 trillion – and counting – represent bailouts for American companies, large and small.
