WASHINGTON—In order to alleviate the heavy damage the crucial financial sector is facing in the midst of the ongoing Covid-19 outbreak, the United States Congress announced Tuesday that they would be allocating $2 trillion in order to bail out the struggling bailout industry. “The bailout industry is on the brink of failure, so in order to prevent a full-on catastrophe, we are setting aside $2 trillion in order to bail it out,” said Senate Majority Leader Mitch McConnell (R-KY), adding that the business of giving of massive sums of money to corporations so they can cover their losses is at the very bedrock of the U.S. economic system, and without assistance, the entire bailout industry as we know it could collapse, which could lead to another Great Depression. “During a crisis like this, the bailout industry is often hit the hardest, so we are taking immediate action, as our economy is deeply dependent on the bailout system; if bailouts can’t function, then America can’t function. A cash injection is absolutely necessary to make sure these failing businesses can inject cash into failing businesses.” At press time, Congress had signed a bill to allocate funds to bail out their bailout of the bailout industry.
We may earn a commission from links on this page.