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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThey got theirs, so eff the rest of us.
https://www.rawstory.com/2020/03/no-more-spending-trump-and-gop-cast-doubt-on-new-stimulus-after-securing-4-5-trillion-corporate-bailout/No more spending: Trump and GOP cast doubt on new stimulus after securing $4.5 trillion corporate bailout
Having secured a multi-trillion-dollar bailout fund for large corporations and minimal relief for the public as the U.S. economy reels from the coronavirus crisis, the White House and Republican leaders in Congress are already throwing cold water on the prospect of a fourth stimulus bill that progressives say is necessary to address the deep flaws and gaping holes in the measure President Donald Trump signed into law last week.
One anonymous White House economic adviser told the Washington Posts Jeff Stein Monday that the chances of congressional Republicans supporting a stimulus bill that includes progressive priorities such as more money for food assistance, an increase in Medicaid funding, and recurring direct cash payments for U.S. households are zero.
No more spending, the adviser said. We did all the spending.
(snip)
Im not sure we need a fourth package, House Minority Leader Kevin McCarthy (R-Calif.) said in an appearance on Fox News Sunday. And before we go to start drafting a fourth package, Id like these three packages we just put out to take care and get this economy moving.
(end snip)
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They got theirs, so eff the rest of us. (Original Post)
deminks
Mar 2020
OP
duforsure
(11,884 posts)1. If they resist , and keep delaying help,
trump and the gop will take this from a recession to a depression . Putin would like that.
SheltieLover
(57,073 posts)2. Of course!
Anyone here surprised?
Entirely predictable.🤬
Hoyt
(54,770 posts)3. If economy is still tanking, massive unemployment continues, etc., after 3 or 4 months, they'll be
back with more stimulus, if not before. Don't think they'll have much choice.
The anonymous economic adviser is speaking "aspirationally."
durablend
(7,455 posts)4. Did anyone really expect different
"We gave you $1200. What the hell more do you want?"
usedtobedemgurl
(1,124 posts)5. Imagine how much the economy will tank...
If houses and cars are all repossessed. Think of credit card companies going out of business. It is hard to get the economy jump started if people are homeless and do not have transportation.