Fight Back! News

News and Views from the People's Struggle

CapitalismandEconomy

By Masao Suzuki

San José, CA – In March and April of this year, more than 20 million jobs were lost because of the economic crisis, COVID-19 pandemic and stay-at-home orders to fight the virus. Millions more who were working gig jobs or had their own businesses lost their livelihood. At the time when the government count was done in mid-July, more than 30 million people – almost 20% of the workforce – were collecting some form of unemployment insurance benefits.

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By staff

San José, CA – Talks between Democrats and Republicans about extending economic aid remained deadlocked as of Thursday morning, August 6. In May, Democrats passed their HEROES act to extend the $600 additional unemployment benefit, known as FPUC, or Federal Pandemic Unemployment Compensation, as well as other economic aid for renters, state and local government, and others. But Republican senators and the Trump administration did nothing, hoping that the COVID-19 pandemic would go away, and the economy would recover in short order. The Republicans have also been hampered by divisions in the Senate, where a large minority don’t want to extend any more aid. The Trump administration had its own proposal for a payroll tax cut that the Republican-majority Senate rejected.

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By Masao Suzuki

Unemployment insurance rolls grow

San José, CA – 25 million Americans or more are losing their additional $600 a week in unemployment insurance benefits even as the number of people applying for unemployment benefits continues to rise. Up to one-third of all renters have already lost eviction protection from the federal government, and the Republican proposal does not include extending it. Millions of other households are under threat of losing their electrical power for not paying their bills.

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By Masao Suzuki

San José, CA – After months of delay and weeks of infighting, on Monday, July 27 the Trump administration and the Republican Senate put forward their proposal for more economic relief from the pandemic and recession. With the $600 a week in additional benefits expiring, the Republicans want to cut this by $400 a week, down to $200. With the national unemployment benefit averaging about $350 a week, this would mean a more than 40% cut in their benefits.

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By Tom Burke

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Grandville, MI – Stagehands held signs and rallied outside the office of U.S. Representative Bill Huizenga in this suburb of Grand Rapids, Michigan. Huizenga, like all but one Republican, voted against the HEROES Act in the House of Representatives.

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By Masao Suzuki

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San José, CA – The $600 a week in additional unemployment insurance benefits is set to expire at the end of July. This aid is called the Federal Pandemic Unemployment Compensation or FPUC. More than 25 million people who are receiving regular state unemployment benefits, or the federal Pandemic Unemployment Assistance or PUA for the self-employed, will lose their FPUC benefit.

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By Masao Suzuki

San José, CA – In less than two weeks the Federal Pandemic Unemployment Compensation or FPUC, which provides an extra $600 a week to those who are unemployed because of the COVID-19 pandemic, will end. The FPUC was part of CARES act passed back in March as disaster relief as the pandemic began to ravage the U.S. economy.

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By Tom Burke

Michigan workers demand extension of unemployment benefits.

Lansing, MI – 120 union members and supporters marched through downtown Lansing, July 15, chanting, “They say cut back! We say fight back!” The march stopped at a union worker statue where Nick Eaton of IATSE Local 247 spoke, “This statue represents the workers who built the new buildings you see in front of you. It also reflects the history of factory workers before deindustrialization left ugly scenes and empty lots, like many cities in the Midwest.”

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By staff

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Fight Back! interviews Masao Suzuki, professor of economics and a leading member of the Freedom Road Socialist Organization.

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By Masao Suzuki

COVID-19 infections and end to enhanced benefits to make a bad situation worse

San José, CA – On Thursday, July 9, the U.S. Department of Labor reported that the broadest measure of people on unemployment continued to climb. In the week ending June 20, the total number was 32.9 million, up by 1.4 million from a week earlier. This number includes those who are receiving the regular state unemployment insurance benefits, the growing number getting the Federal Pandemic Unemployment Assistance or PUA, the Federal Pandemic Emergency Unemployment Compensation or PEUC, and other smaller programs.

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