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Opinion: American Rescue Plan Act is a life raft for the working class

Opinion: American Rescue Plan Act is a life raft for the working class Tim Ryan © Mandel Ngan, AFP via Getty Images President Joe Biden signs the $1.9 trillion American Rescue Plan into law Thursday. A year into this pandemic, there are two realities in this country: while the market closes at record highs, more than 45 million Americans don’t have enough to eat, and a quarter of all Americans have been laid off. But the American Rescue Plan Act is set to turn things around for Ohio families – not just for now, but well beyond this recovery. After Congressional Democrats passed the bill and it was signed into law by President Biden last week, more than five million Ohioans are set to receive $1,400 payments that will help them put food on their tables and keep a roof over their heads. Federal unemployment aid was extended through September to give folks who have fallen on hard times the help they need as they look for work. And now, struggling small

Biden Stimulus Plan Shores Up Weakest Multi-Employer Pension Plans Rather than Taking on Private Equity Abuses

Yves here. I don’t mean to be hard on Tom Conway, the international president of the United Steelworkers Union. The Democrats have taken organized labor for granted for so long that the gestures made by Biden so far, that of speaking out in favor of interference-free union elections, meaning scolding Amazon, and now shoring up a private pension guarantee fund, must seem like a sea change from the posture of the Democrats under Clinton and Obama. Hence it makes sense for Conway to applaud Biden moving in a better direction. However, his headline, The American Rescue Plan is for Real, is out over its skis.

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