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Coronavirus bailouts will cost taxpayers hundreds of billions of dollars – unlike past corporate rescues that actually made money for the US Treasury

  • Written by Scott Newsome, Ph.D. candidate in Politics, University of California, Santa Cruz
Coronavirus bailouts will cost taxpayers hundreds of billions of dollars – unlike past corporate rescues that actually made money for the US TreasuryFire up the printing presses.Nerthuz/Getty Images

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...

Read more: Coronavirus bailouts will cost taxpayers hundreds of billions of dollars – unlike past corporate...

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