First off thank God they were able to get something accomplished while making therapeutic sense of it all. Yes, We the (63 million) People know it’s somewhat loaded with proverbial garlic and onions that give most people indigestion and the tendency to pass wind repeatedly, but that’s the price we have to pay to get political equilibrium established.
Which might well be somewhat unnerving and criminal of course, but this is what Congress has done for 250+ years and the president is business-savvy enough to come to grips with its entirety. The magnitude of the pork is directly correlated to the urgency of the subject legislation. On the positive side of the equation, the president did point out that a slew of money is fully expected to be repaid, and some of that by AA and higher-rated companies.
Too many sectors to list will be without customers for the foreseeable future. In the capitalist system that built America in the first place these sectors work together to benefit one another and when it works efficiently it’s a beautiful sight to see and admire; streamlined, it works very efficiently. The broken ones will undoubtedly be a drag on those that are still fine, but that all comes with the territory.
Both the president and his sidekick Mnuchin made sense of most of it considering the fact that the alternatives were so far out there (SanFranNanGran, Schumer and others WAY over their sell-by date) and something nobody would want including Leftist insurgents – ie a chain reaction of belly-up businesses and millions of lost jobs. From past experience way long gone by, yours truly is of the opinion that once these businesses break they’re hell to restart. Trump the main man gets it. This buys us time anyway and We the (63 million) People are going to need it.
It’s not outside the bounds of possibility that everyone could ultimately be exposed to this disease at some point, just like any other that’s been floating around the planet since the fall of the Garden of Eden. It’s just too difficult to quarantine it. Best advice is we take it slow or the death toll mounts at a much higher rate.
Tyler O’Neill, PJMedia: ‘Senate Passes Coronavirus Stimulus Revealing Pelosi’s Fecklessness’…
In the wee hours of Wednesday evening, the U.S. Senate finally passed the $2 trillion coronavirus stimulus bill after a great deal of Democrat stalling and a futile effort by House Speaker Nancy Pelosi to put forward a separate bill jam-packed with liberal Christmas wish-list items. The bill provides crucial relief to businesses struggling with the social distancing strategy of stopping the spread of the coronavirus. It now heads to the House.
The stimulus bill is far from perfect, but its passage unmasked Pelosi’s tactics as a disgraceful waste of time during this crisis. House Minority Leader Kevin McCarthy (R-Calif.) slammed the speaker for her attempt to jam her liberal pipe dreams down Americans’ throats in the midst of a crisis.
“Democrats wanted to use the coronavirus response package to change election law & implement parts of their Green New Deal. The Senate just passed strong bipartisan legislation that scraps those items, & it’s clear. ⇨ Their delay achieved nothing but more pain for Americans,” McCarthy tweeted.[-]
[+] … The stimulus’s central measures involve cash payments and hundreds of billions in bailouts to a wide range of companies. Under the plan, individuals making up to $75,000 per year are expected to receive checks for $1,200. Couples making up to $150,000 would receive $2,400, with an additional $500 per child. The payments would decrease for those making more. The bailouts include $350 billion for small businesses, $500 billion for corporations hurt by the outbreak — especially airlines and cruise lines — and about $150 billion for state and local governments. Another $100 billion will go to assist hospitals.[-]
[+] … Pelosi eventually dropped her bill, but it appears Democrats did get a few of their pet projects in, including the perverse incentives in unemployment insurance and funding for the Kennedy Center. While most of the egregious power grabs were rightly dropped, Pelosi wasted precious time in a crisis.
President Donald Trump wasted no time in promising to pass the bill immediately, should the House pass it.
“I encourage the House to pass this vital legislation and send the bill to my desk for a signature without delay. I will sign it immediately,” the president promised during a coronavirus briefing on Wednesday.
Americans should not soon forget that while Republicans rushed to act, Schumer and Pelosi blocked the bill, wasted precious time, and tried to ram their Christmas wish-list items down the throats of Americans in the middle of a crisis.[end]
Full reveal in links below…