Bail out the people first, before the companies, in coronavirus crisis

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Bail out the people first, before the companies, in coronavirus crisis
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Unlike during the 2008 Great Recession, when the government leaped to assist financial institutions, the first priority now should be helping individuals in need, writes Frida Ghitis. 'Only then should we help businesses caught in this storm' | CNNOpinion

Frida Ghitis, a former CNN producer and correspondent, is a world affairs columnist. She is a frequent opinion contributor to CNN, a contributing columnist to The Washington Post and a columnist for World Politics Review. Follow her on Twitter @fridaghitis. The opinions expressed in this commentary are those of the author. Read more opinion on CNN.

No matter how much President Donald Trump and his acolytes persist in trying to minimize the dangers of the coronavirus, the rest of the world -- and the virus -- are not following his lead. As the number of cases kept climbing, the virus continued to drive uncertainty in the stock market, which fell steeply following the start of an oil price war. Trump flailed desperately on Twitter, and his Health and Human Services Secretary, of all people, raved in support of his boss that the economic fundamentals are"unbelievable.

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