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deminks

(11,013 posts)
Tue Mar 31, 2020, 07:18 AM Mar 2020

They 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 Post‘s 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)

“I’m 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, I’d 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
If they resist , and keep delaying help, duforsure Mar 2020 #1
Of course! SheltieLover Mar 2020 #2
If economy is still tanking, massive unemployment continues, etc., after 3 or 4 months, they'll be Hoyt Mar 2020 #3
Did anyone really expect different durablend Mar 2020 #4
Imagine how much the economy will tank... usedtobedemgurl Mar 2020 #5

duforsure

(11,884 posts)
1. If they resist , and keep delaying help,
Tue Mar 31, 2020, 07:27 AM
Mar 2020

trump and the gop will take this from a recession to a depression . Putin would like that.

 

Hoyt

(54,770 posts)
3. If economy is still tanking, massive unemployment continues, etc., after 3 or 4 months, they'll be
Tue Mar 31, 2020, 07:30 AM
Mar 2020

back with more stimulus, if not before. Don't think they'll have much choice.

The anonymous economic adviser is speaking "aspirationally."

usedtobedemgurl

(1,124 posts)
5. Imagine how much the economy will tank...
Tue Mar 31, 2020, 07:43 AM
Mar 2020

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.

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