San Francisco To Be Rescued By Covid Stimulus From Massive Budget Deficit

The so-called “Covid relief” bill, which is really just a bunch of funding for pet projects, has passed the House, then the Senate, then the House again. Now we just await the President’s signature.

And Nancy Pelosi’s own San Francisco can hardly wait to get their bailout.

The stimulus package will essentially erase the projected $650 million budget deficit that San Francisco was facing over the next couple of years.

Really, how nice of the American taxpayers to bail out this city that is equal parts crime-riddled squalor and Big Tech stronghold.

But this stimulus bail out will only delay the inevitable because the city (and the state) are so poorly managed by socialist-leaning policies. And without a major boom in the hotel and tourism industry that props up the San Francisco economy, and the complete reopening of industry in the area, there won’t be much money being generated in that city. But San Francisco is in one of the most rigidly locked-down states, despite scientific data and statistics showing little to no benefit from lockdowns, so I don’t see that happening any time soon. And once things do reopen, how much permanent damage has already been done? How much industry is even left to reopen in the city?

So the leadership in California gets to lock down the state and drive the economy into the ground, then get bailed out by the American taxpayers so they can continue to run their economy and industry in a quasi-socialist fashion. Perks of having the Speaker of the House represent your failing city, I guess.

It makes absolutely no sense, so naturally that’s exactly what will happen.