Biden Promises More Money For Black, Brown Businesses; Says Americans “Entitled” To $15 Min Wage

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(zerohedge)Biden Promises More Money For Black, Brown Businesses; Says Americans “Entitled” To $15 Min Wage

Just in case you wondered why stocks suddenly jerked back higher (after tumbling on Manchin comments over stimulus checks… and impeachment uncertainty), it’s simple – President-Elect Biden just promised even moar…

Headlines from his speech (via Bloomberg) were nothing new of course, fitting with the Democratic campaign plans:

  • *BIDEN: GAP IN BLACK, LATINO UNEMPLOYMENT IS `MUCH TOO LARGE’
  • *BIDEN: NEED RELIEF FOR WORKING FAMILIES, BUSINESSES NOW
  • *BIDEN: WILL LAY OUT FRAMEWORK FOR NEXT RELIEF PACKAGE NEXT WEEK
  • *BIDEN: VACCINE DISTRIBUTION IS GREATEST OPERATIONAL CHALLENGE
  • *BIDEN SAYS $600 RELIEF PAYMENTS AREN’T ENOUGH
  • *BIDEN: HOPE DEMOCRATIC CONGRESS CONTROL LEADS TO MIN WAGE BOOST
  • *BIDEN: AMERICANS ENTITLED TO $15/HOUR MINIMUM WAGE

  • *BIDEN: BLACK, BROWN-OWNED BUSINESS HAVE HAD LESS RELIEF ACCESS
  • *BIDEN: TENS OF THOUSANDS OF COS. GOT RELIEF THEY SHOULDN’T HAVE
  • *BIDEN: FOCUS TO BE ON SMALL BIZ WITHOUT CONNECTIONS
  • *BIDEN: WILL DIRECT RELIEF TO THOSE INDUSTRIES HIT THE HARDEST
  • *BIDEN: WILL HAVE NAVIGATORS TO HELP SMALL BIZ UNDERSTAND RELIEF
  • *BIDEN: WILL MAKE BANK EXPECTATIONS `CRYSTAL CLEAR’

The reaction – of course – was buying panic!

Because, fundamentals!

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