I recently received an email invitation to the start of my Fantasy Football League’s 2020 season – which I found altogether odd. Partly it’s because, unlike every other year, I’m having trouble mustering up much enthusiasm. And partly, it’s because I doubt the NFL will play this year. Oh, I know that plans are underway and the league is all “Full steam ahead!”, but I’m starting to note the number of professional athletes who have started testing positive for the coronavirus. Now how the hell does the league plan on keeping its players healthy and safe given it IS a contact sport? And what about the players – and there will undoubtedly be some – who would rather not to risk it and choose to sit out the season? And what of the infected players? Hopefully they all make quick recoveries, but there’s mounting evidence that the virus can leave you with long-lasting health effects.
I realize we’re negotiating uncharted waters here and everyone desperately wants a return to normalcy, but I’m seriously wondering if we’re pushing too soon, too fast? So far, we’re looking at over 120k deaths in the U.S., and that’s with a three month lockdown to mitigate transmission. And we’re not even halfway through the year. Meanwhile, states are opening back up and people are acting like the worst is over.
I understand the need to balance safety and the economy, but I can’t help but feel the solution to this lies in the Federal Reserve and their seeming limitless coffers. Trillions of dollars have been spent on bailing out billionaires, banks, big corporations, wealthy hedge fund managers, junk bonds, and zombie companies while a comparatively lesser amount has gone to helping small businesses and citizens in need. In his 60 Minutes interview, Jay Powell claims the Federal Reserve can print up an endless amount of money with absolutely no repercussions. If that’s the case, then why not direct that money to people who really need it? Those who’ve lost their jobs or are unable to pay rent or their mortgages? Why are regular people receiving deferrals while the uber-wealthy are being gifted boatloads of cash in the way of bulletproof stocks?
The prospect of Universal Basic Income is, of course, a non-starter because those in power will argue it reeks of socialism but – SPOILER ALERT: As the Federal Reserve artificially pumps up the markets, over-inflating stock values and removing risk for investors, they are effectively embracing socialism. BUT only for the rich.
Government policy, along with the actions of the Federal Reserve, have worsened economic inequality. They’ve overplayed their hand. And, this time, I don’t think people are going to let them get away with it.
I’m curious what you all think. How do you feel about the reopening, he Wall Street bailouts, and the prospective return of pro sports? Are you venturing out and, if so, what kind of safety precautions are you taking?