The White House is pouring taxpayer money into free advertising for a booming and liability-free vaccine industry,1 which doesn’t seem quite right. Since the beginning of human existence, greed has played a central role in the corruption of man.
The phrase “follow the money” was popularized in the film, “All the President’s Men,” a docudrama about the break-in at the Watergate office building and the subsequent political scandal that ultimately brought down the presidency of Richard Nixon.2
The movie, based on the nonfiction book by Carl Bernstein and Bob Woodward, suggests that by following the money, political corruption will be exposed. In the past 18 months, there’s been so much money promised, allocated, provided and spent in relation to the COVID pandemic that it’s difficult to tease out the origins.
The amounts of money reported in the news or announced by government agencies are so large it’s easy to believe the pot of money is endless. Yet, that pot of money is funded through your tax dollars, and those tax dollars have plummeted in the last 18 months as more and more businesses closed, shutting more and more people out of a paycheck.
In comparison, in 2008, one of the worst recessions in recent history, the average unemployment rate was 5.8%.3 But in 2020 the jobless rate rose to a record high of 14.7%4 and one year later is still above the 2008 recession rate, averaging 6.1% in April 2021.5 As a comparison, the average unemployment rate before the pandemic, in 2018, was 3.9%.