” ... AFAIC this is all a ruse to nationalize more of the economy.”
Yes it is an attempt to nationalize our economy.
Worse yet the private sector is more than happily to have YOU bail them out after their drunken stupor of lining their pockets.
That is how it appears to me. Institute a little socialism via some wink and nod corruption with a dose of PC social engineering. Stir and let ferment until rot sets in. Then apply a larger dose of socialism and call it a cure.