At the end of March this year, the U.S. government and Congress introduced the Covid-19 Aid, Relief and Economic Security Act (CARES Act) with a total amount of 2.3 trillion U.S. dollars, which aims to help the people to bail out and help small and medium-sized enterprises that are in trouble because of the epidemic. This can not only keep the economic fundamentals from being greatly affected, but also inject more liquidity into the market, stimulate the economy and avoid recession. (cares Act)

This rescue plan lasted for four months and expired at the end of July. However, at present, the epidemic situation in the United States is still very serious, and many States are still in a state of emergency, and they have not resumed their economic activities and resumed their work. Therefore, in this case, once there is no rescue, the enterprise may face the break of the capital chain, and the result will be bankruptcy. For ordinary people, life will be in trouble. This CARES rescue plan includes unemployment benefits of $611 a week. People use this money to pay their mortgage or rent, pay back their credit cards, and buy necessities. (Restaurant is open outdoors)

Once there is no benefit, many people may be evicted by the landlord and become homeless. Those who need to repay the mortgage may be taken away by the bank if they are overdue, and they are also homeless. In addition, there is the problem of overdue credit cards. The credit information system in the United States is very complete and personal credit is affected, so it may be very difficult to find a job. It is conceivable that people will leave the country without emergency, and this squeezed emotion and dissatisfaction will be vented to the government, which will lead to political turmoil. The United States started at the end of May? BLM? The essence of sports is caused by economic reasons. (BLM movement)

At that time, aid itself was a double-edged sword. For those middle-class people with capital, the money didn't care at all, but they were more concerned about when they could go back to work. For those poor people, the money is even more than their usual salary, so they will continue to enjoy the success and not actively look for jobs. This is actually the main reason why democracy, * * * and the two parties failed to reach a new round of rescue plan. (negotiation)

Trump refuses the government to raise more idle people. He wants to promote economic recovery, so he has to reduce the rescue period and the amount of aid, and the total amount should be controlled at 1 trillion US dollars. On the other hand, the Democratic Party, led by Pelosi, passed a 3.5 trillion plan. This is undoubtedly to prepare for the rhythm of forcing the White House into bankruptcy. Trump did not agree. In order to alleviate the default, he signed a series of executive orders on the 9 th of this month to extend the rescue plan, but the amount of unemployment benefits was reduced from 611 to 411, hoping that this would last until the election in October.

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