Stimulus & Bailout Watch Thread

[Serious]

$1200 in February = around $125 a month since August.

Good point next administration should actually up the ante.

 

[bdkane]

Good point next administration should actually up the ante.

It will be retroactive to September

 

[voltronblack]

McConnell calls for coronavirus package before end of the year
“We need another rescue package,” he said.
McConnell calls for coronavirus package before end of the year

Senate Majority Leader Mitch McConnell said Wednesday that Congress should approve a coronavirus relief package before the end of the year, a shift from his recent suggestion that a measure was more likely early next year.

During a press conference in Kentucky a day after he won reelection, McConnell expressed optimism that negotiators could reach a deal post-election. The outcome of the presidential contest and control of the Senate remains unknown, though final results are expected within the coming days if not sooner.

“We need another rescue package,” the Kentucky Republican said. “Hopefully the partisan passions that prevented us from doing another rescue package will subside with the election and I think we need to do it and I think we need to do it before the end of the year.”


Senate Republicans are looking increasingly likely to hold onto their majority, though they are still waiting for final results in North Carolina and Maine. House Democrats, meanwhile, suffered a string of unexpected losses in a night that could narrow their majority going into the 117th Congress.

Coronavirus relief talks have stalled since the summertime, though Speaker Nancy Pelosi (D-Calif.) and Treasury Secretary Steven Mnuchin have insisted they have made progress in recent months. Meanwhile, the virus has killed more than 230,000 Americans and millions remain unemployed — with an even worse economic hit expected over the winter as more people are forced indoors.

In one sign of the enormous political hurdle ahead, Democrats and Republicans still cannot agree on a price tag for the stimulus package, and it’s unclear if a lame duck session will only contribute to the stalemate.

McConnell added that a coronavirus relief package and keeping the government funded past the December 11th deadline will be the top priorities for the Senate, which will come back to Washington Monday.

McConnell said that he and Pelosi have agreed on the need for an omnibus bill in December to fund the government instead of a continuing resolution that would push the budget fight to a later date — potentially avoiding a disastrous government shutdown at the end of the year.

“It’s a basic function of government that we haven’t handled very well in recent years and we need to do that,” he said. “So we have two big things to do before the end of the year.”

Congress and the White House have been at sharp odds over trillions of dollars in coronavirus aid since the summer, with talks that ramped up ahead of Election Day as both parties sought a last-minute advantage. But negotiators couldn’t agree to a deal.

In a last-ditch effort before Tuesday’s election, the White House offered a $1.8 trillion deal to Pelosi, but the two sides couldn't agree on several outstanding issues, including testing. Meanwhile, many Senate Republicans are reluctant to support any package that exceeds $1 trillion.

State and local aid remains another obstacle to reaching an agreement, and McConnell acknowledged that Republicans may need to offer some concessions.

“This is a big item for Democrats as you can imagine and they’re still going to control the House but we’ll have to reach some kind of agreement ... it’s not something that my side is very fond of,” McConnell said. “I’d like to see it done a little more skillfully than simply providing borrowed money for everyone regardless of their need.”

 

[Womb Raider]

I swear to fukking god I hate that man

 

[the cac mamba]

now that we know the democrats wont control the senate until the virus is gone, id love to hear what pelosi had to lose by taking mnuchins 1.8 trillion dollar deal before the election

because if you guys didnt like that bill, you sure as fukk arent gonna like what pelosi actually does end up getting, after she proudly turned down the 1.8 trillion on wolf blitzer

 

[BK The Great]

McConnell

 

[the cac mamba]

remember when i said that pelosi should have taken the 1.8 trillion before the election, because it would have either forced the senate republicans to

-pass the 1.8 trillion
-turn down the stimulus bill in front of every voter in the country, right before the election


hows that strategy sound now?

 

[Starski]

now that we know the democrats wont control the senate until the virus is gone, id love to hear what pelosi had to lose by taking mnuchins 1.8 trillion dollar deal before the election

because if you guys didnt like that bill, you sure as fukk arent gonna like what pelosi actually does end up getting, after she proudly turned down the 1.8 trillion on wolf blitzer

high risk high reward like I said but ya called it

 

[Rawtid]

That turtle face wanted to see if he’d be re-elected or not first. Smh. This country blows.

 

[DJ Paul's Arm]

 

[the cac mamba]

well i, for one, am shocked by this

who could have possibly seen that the election was the only leverage pelosi had, to try to force a big bill through and put the republicans on the spot

 

[High quality poster]

remember when i said that pelosi should have taken the 1.8 trillion before the election, because it would have either forced the senate republicans to

-pass the 1.8 trillion
-turn down the stimulus bill in front of every voter in the country, right before the election


hows that strategy sound now?

Bro look how tight this presidential race was, if Pelosi accepted a GOP bill, that would have gotten checks to everyone, that’s a trump W, that’s a Trump re-election. She made the right move imo. That bill had no UI benefits for mandem

 

[BK The Great]

EDIT: Wrong thread

 

[the cac mamba]

Bro look how tight this presidential race was, if Pelosi accepted a GOP bill, that would have gotten checks to everyone, that’s a trump W, that’s a Trump re-election. She made the right move imo. That bill had no UI benefits for mandem

post is trash and ended in a blatant lie

 

[DJ Paul's Arm]

Bro look how tight this presidential race was, if Pelosi accepted a GOP bill, that would have gotten checks to everyone, that’s a trump W, that’s a Trump re-election. She made the right move imo. That bill had no UI benefits for mandem

Bruh it had stimulus checks and $400 UI retro from September and good until the end of January 2021 but McConnell would've shot it down. That could've helped McGrath.