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Here are all the ways government made the rich richer during the coronavirus economic crisis

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Senate Majority Leader Mitch McConnell at CPAC in 2013. Image: Gage Skidmore/flickr (CC BY-SA 2.0)

The disparity between the rich and the poor has expanded in America during the coronavirus pandemic and government shutdowns, NBC News reported Monday.

“The Federal Reserve slashed interest rates, bought more than $2 trillion in debt and created new lending “facilities,” which flooded the financial system with money and rallied stocks,” NBC News reported. “That has been a boon for investors, but the vast majority of stocks owned in the U.S. belong to the wealthiest 10 percent.”

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“Congress and the White House pumped cash into businesses through legislation and the Treasury Department. Few small or minority-owned businesses got any substantial benefits,” NBC News noted. “The administration awarded billions of dollars in no-bid contracts for coronavirus-related goods and services to a relative handful of companies.”

NBC News interviewed Casey B. Mulligan, the former chief economist for President Donald Trump’s White House Council of Economic Advisers.

“They’re buying financial assets,” Mulligan said of the Fed. “If you look at who owns financial assets, disproportionately richer people, way disproportionate, more disproportionate than say the distribution of wages.”

NBC News summarized the outcome.

“Almost everyone got something, but at very different levels. For the vast majority of Americans — even those with the wherewithal to access the various streams available to them — the money simply doesn’t compare to the trillions of dollars in cash and guarantees supporting corporate titans, including Wall Street banks, and their major shareholders,” NBC News explained.

Gary Gensler, an economics professor at MIT’s Sloan School of Management, explained the cumulative impact of government’s choices.

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‘You just called me a liar!’: Trump campaign official flips out after he’s fact-checked on Biden ear-piece lie

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MSNBC host Ayman Mohyeldin attempted to fact-check President Donald Trump's campaign official, Steve Cortes, on the lies coming out of the campaign, but Cortes refused to back down, instead claiming that the host was calling him a "liar."

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‘Absolutely not normal’: Senator Klobuchar slams her GOP colleagues for trying to ram through Trump’s Supreme Court nominee

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Klobuchar pointed out that the last time a Supreme Court justice died so close to an election was during Abraham Lincoln's presidency, adding that he "waited until the results were in" before moving forward on a replacement.

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Federal judge rules Bill Barr improperly redacted part of the Mueller report — and must release them

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Although the U.S. Department of Justice under Attorney General William Barr publicly released the Mueller report on April 18, 2019, it has only been available to the public in redacted form. But on Wednesday, Judge Reggie Walton ruled that parts of the Mueller report were improperly redacted by Barr — and Walton has ordered the DOJ to release those parts of the report before Election Day.

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