Tensions run high on Capitol Hill as Senate works to advance economic stimulus

Senators are continuing to negotiate on a massive economic stimulus package, hoping a deal will soon come together after efforts to reach consensus were dealt a major blow over the weekend, even as coronavirus struck one of their own.

           

https://www.facebook.com/cnn/posts/10160609954746509

I'm OK with never passing a relief package.

Everybody needs to have an emergency fund to dip into during times like this. The emergency fund should contain sufficient funds to last several months.

Anybody that does not have this type of fund has done a piss poor job at life planning.

I think the Senate should stop this relief bill and just move on to other business. Let the House craft it's own bill and send it to the Senate and Mitch can just sit on it until the virus is over.

The economy will correct itself with no Government help.


“The White House and Senate Republicans have essentially been asking for the administration to be granted a $500 billion slush fund — with almost no meaningful checks on how that money gets distributed or any visibility into who benefits... It would offer $75 billion earmarked for airlines, cargo air carriers and undefined “businesses critical to maintaining national security,” with few preconditions. It would also give Treasury Secretary Steven Mnuchin enormous discretion to decide what other unspecified companies, states and municipalities can get another $425 billion in loans and loan guarantees. And it said Treasury could delay disclosing for six months who gets these funds.

“There are two main reasons to worry about this astounding amount of discretion and secrecy. One has to do with whether we can trust firms (specifically, to do right by their workers). The other has to do with whether we can trust the administration (specifically, to do right by taxpayers).

“One lesson we learned from the financial crisis was that bailed-out corporations — unless specifically proscribed from doing so — may abuse taxpayer generosity, by redistributing their rescue funds to shareholders as dividends or to executives as bonuses. Right now, the White House and Senate Republicans are advocating conditions that could allow similar abuses.

“The legislation voted on Sunday, for instance, said that any companies Mnuchin finds “eligible” for that $500 billion should maintain the same employment levels that they had as of March 13 “to the extent practicable.” But it doesn’t define what “practicable” means. Which suggests an airline, cruise company or hotel could accept taxpayer funds, send the money to shareholders and still lay off many workers.

“Additionally, this is an administration that has abused its power time and again, doling out favors to friends and attempting to weaponize other authorities (antitrust, government procurement, Transportation Security Administration screening) against perceived enemies. It’s reasonable to worry whether Mar-a-Lago members might be unusually big beneficiaries, while blue states get short shrift.
“Cronyism and incompetence are in the DNA of this administration,”...
Trump, of course, runs hotels and other businesses likely affected by the crisis; when asked during a news conference Sunday evening if he would commit to not receiving any of the bailout money himself, he replied: “Let’s just see what happens.”

“Every administration should be subject to oversight. This one in particular has long lost any benefit of the doubt to be allowed to act without oversight, especially when given a half-trillion dollar check. But we don’t have the luxury of time required to have Congress vet every dollar that gets doled out.”


The only way they will come to any kind of agreement is to drop anything to do with bailing out the rich and increasing the amount and time of assistance to the ones really working in our country...the American public! We're tired of Congress trying to get one over on us yet again by saying it's important to the economy to insure businesses stay in business but those people were already being helped by massive tax breaks that they didn't use for their people! They increased their own wealth with buy backs. SO NO BAILING THEM OUT! They have the money to take care of things from those ill gotten profits. And, more importantly, we the people need to rail at them when they attempt to justify lay offs and raising prices on their products when they get no more money from us.



900 billion for the American worker and small buisness direct and 500 billion for corporate bail out seems very well balanced to me . I know Democrat voters hate corporations because the media and politicians tell them too but they are a neccessary part of the American economy and way of live if you ever sit down and think about it . They employee a huge percentage of American workers and we are dependent on their goods and services to survive as a nation from the medicine we take , to a large majority of the food we eat, to our transportation needs. and much, much more ! After the stimulus money is spent and the pandemic is over we all need jobs to go back too after all. Corporations in my opinion are more vital than the small business owners . This is real life guys not a fairy tale world where we can all work and get all our needs from mom and pop local buisness which truth be known some will become the large corporations of tomorrow that everyone hates .look at everything from the car you drive , the appliances in your house, the grocery store you shop at even the trucks that deliver the goods to your home and local stores , the medicine you take every day . Imagine most of them gone and how that would impact your job, your health, and your very life


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