Column: The coronavirus crisis shows what happens when a country puts its workers last [Los Angeles Times (CA)]
TAILORED BRANDS INC (TLRD)
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Source: Los Angeles Times
The most familiar observation about the human reaction to abject terror is the one stating that “there are no atheists in foxholes.” We’re about to see how that aphorism applies in modern American politics. In recent days, alarm about the economic effect of the novel coronavirus have turned conservatives who weeks ago were boasting about the shrinking of the U.S. government into raving Keynesians, proclaiming the virtues of deficit-financed economic stimulus. The same leaders who were pushing reductions in Social Security benefits, Medicare and other “entitlements” for the working class because they were supposedly unaffordable by the richest nation on Earth now call for a trillion-dollar pump-priming for American households and industries. Those who defended mortgage foreclosures and tenant evictions by pointing to the sanctity of contracts are now on board with legislation prohibiting both, at least for the duration of the emergency. And many who sounded the siren about the economic
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