By Michael Tay, Johor MCA Government Coordinating Affairs chairman.
The economic situation in America is in dire straits meaning that an economic relief bill is paramount and for the first time I agree with former US President Donald Trump that the relief of USD600 is insufficient. It is a meagre amount.
USD600 in Asia will be used up in one dinner restaurant session. I feel it should be upped to at least USD2000 per person.
Frankly I don’t know how are Americans going to survive without Federal funding from their government?
Rental moratorium will last only up to January 31st so after that what is going to happen? Another congressional and senate majority heated debate for another stimulus package after January 2021 again while millions of Americans will still face extreme adversity for additional Covid relief?
The narrative theme here is I know that Americans do not like emploring handouts as they have their own ego and self esteem triggering them into an unprecedented twilight zone situation.
The only fundamental and consistent constant for the Americans are jobs, jobs, jobs so that they can begin to be able to feed their families once again as Americans are proud and respectable people.
The government should re-structure the fundamental restoration of employment infrastructures so that people can start working again and start to take care of themselves and their families.
There are about 1,000 American billionaires that are wealthy beyond imagination who can easily bequeath their hard earned wealth to their next few generations. I urge these billionaires found in every state of America to fund food banks until this pandemic is over and done with.
As far as the car and loan moratorium issue is concerned, let the Joe Biden presidency come up with a viable financial/bank moratorium and financial formula. I have faith in the new President who has his talented cabinet team members by his side. Among them, the newly-appointed Transport Secretary who is such an eloquent speaker and talented leader.
Ok thank you all, and have a great 2021 ahead for all of us.