Stimulus & Bailout Watch Thread

[AquaCityBoy]

@the cac mamba was absolutely correct

Hey, calm the fukk down.

 

[voltronblack]

Pelosi Now Backs Stimulus Deal Half the Size of What White House Offered Before Election

In a Wednesday statement with Senate Minority Leader Chuck Schumer, House Speaker Nancy Pelosi said she supports a $908 billion economic relief measure presented by a bipartisan group of lawmakers on Tuesday. The bipartisan bill is roughly half the amount offered by the White House during negotiations with Pelosi before the election.
In October, President Donald Trump's negotiators raised their compromise offer to $1.8 trillion after House Democrats had approved a $2.2 trillion package. But Pelosi opposed the compromise, arguing that it did not go far enough and that the language regarding the government's health care response to the coronavirus pandemic was not sufficient. Those negotiations resulted in a stalemate.

On Tuesday, nine senators—four Republicans, four Democrats and one independent—were joined by the bipartisan Problem Solvers Caucus in the House to unveil a $908 billion compromise deal. Although the package does not include nearly as much aid as Democrats pushed for before the election, Pelosi and Schumer said they were backing the legislation in "the spirit of compromise."

"While we made a new offer to Leader Mitch McConnell on Monday, in the spirit of compromise we believe the bipartisan framework introduced by Senators yesterday should be used as a basis for immediate bipartisan, bicameral negotiations," the top Democratic lawmakers said in a statement.

"Of course, we and others will offer improvements, but the need to act is immediate and we believe that with good-faith negotiations we could come to an agreement," they said.

The $908 billion bipartisan bill would provide an extra $300 per week to jobless Americans as well as nearly $290 billion in aid for small businesses through the Paycheck Protection Program. The legislation—which was introduced by Senator Susan Collins, a Maine Republican, and Joe Manchin, a West Virginia Democrat—includes about $82 billion for education, $45 billion for transportation agencies, $26 billion for nutrition assistance programs and $16 billion to cover health care costs associated with coronavirus testing and distribution of pending vaccines. Another round of $1,200 direct stimulus checks to most Americans is not included.

Newsweek reached out to Pelosi's press secretary for comment but did not receive a response in time for publication. Pelosi previously faced criticism from some Democrats for declining to take the significantly larger offer put forward by Trump's negotiators in October.

"She most certainly is making a mistake," Representative Max Rose, a New York Democrat who lost his reelection bid in November, told CNN on October 27 when asked about Pelosi's rejection of the White House deal. "I mean let's remember the Republican Party, the president, [Treasury Secretary Steven] Mnuchin—two months ago, they didn't want to do anything," Rose said, asserting that that Americans "need action right now."

Representative Ro Khanna, a California Democrat, urged Pelosi to take the $1.8 billion deal prior to the election as well. In an interview with Axios broadcast on November 10, after the election, Khanna said the top Democratic lawmaker should still accept the White House offer.

"If we get $1.8 trillion? I think we would definitely want to make the deal. And it's gonna be catastrophic if we don't," the congressman said.

Former Democratic presidential candidate Andrew Yang urged Pelosi to take the deal in October as well. "Congress please pass this for the American people. Nancy Pelosi say yes - this is a big win for millions of families who are hurting right now," Yang tweeted on October 12.

Although Schumer and Pelosi are backing the new bipartisan proposal, Senate Majority Leader Mitch McConnell favors a smaller more targeted package totaling about $500 billion. The Kentucky Republican, who will decide whether or not any stimulus proposal reaches the Senate floor for a vote, suggested the bipartisan bill was wasting time on Tuesday.

 

[FAH1223]

 

[FAH1223]

 

[BillBanneker]

Hey, calm the fukk down.

 

[Rawtid]

“People/families in need”, should be receiving PUA, regular UI benefits or SBA assistance. There is no need for direct payments at this time, that’s some greedy American shyt. “I’m not impacted negatively, but what about me?”

 

[No1]

“People/families in need”, should be receiving PUA, regular UI benefits or SBA assistance. There is no need for direct payments at this time, that’s some greedy American shyt. “I’m not impacted negatively, but what about me?”

It sounds like you resent the idea of people getting paid “undeservingly.” This is some misguided American shyt. How is it some greedy American shyt when literally every other modern country is giving people more money right now?

 

[DJ Paul's Arm]

“People/families in need”, should be receiving PUA, regular UI benefits or SBA assistance. There is no need for direct payments at this time, that’s some greedy American shyt. “I’m not impacted negatively, but what about me?”

If they ain't going to retro the UI, they should give a stimulus check to ONLY the unemployed and to the employed who got their hours cut and are receiving limited benefits.

I agreed with Mcconnell for once when he wanted to lower the threshold for stimulus checks. Couples making under $150K a year and singles making less than $75K a year that still have their jobs, DO NOT need a $1200 check.

 

[NYChase718]

Pelosi actually agreed to the bipartisan bill

So of course cracker cocksucka mcconell plans to go lower

 

[NkrumahWasRight Is Wrong]

how it wasnt abundantly clear before to people is totally baffling

i gave up the argument a long time ago

 

[the cac mamba]

how was 1.8 trillion "not enough, wolf", but now 900 billion is enough?

 

[Rawtid]

It sounds like you resent the idea of people getting paid “undeservingly.” This is some misguided American shyt. How is it some greedy American shyt when literally every other modern country is giving people more money right now?

You would be incorrect. I'm in HEAVY opposition to withholding relief from millions who will potentially lose UI & PUA income in another 3 weeks, just so those who have steady income can get $1200. America claims to be a modern country, but this pandemic and the leadership has shown otherwise, imo. It's very selfish way of thinking and don't feel it's "fair" or very logical...at this time. Earlier in the year when Pelosi was negotiating, I understood and agreed with stimulus payments for all. 3 weeks left? Square away those that need it and then we can work on everyone going forward.

 

[dora_da_destroyer]

quite honestly they don't need stimulus checks, we know that there are people who've been affected - UI and PPP helps them, while others sit at home moving along finely. why send out stimulus checks to so many people who haven't been adversely affected? just focus on shoring up small biz, state UI budgets, and UI weekly benefits...rent and mortgage relief can happen with biden

 

[88m3]

quite honestly they don't need stimulus checks, we know that there are people who've been affected - UI and PPP helps them, while others sit at home moving along finely. why send out stimulus checks to so many people who haven't been adversely affected? just focus on shoring up small biz, state UI budgets, and UI weekly benefits...rent and mortgage relief can happen with biden

state budgets and public transportation also need significant support

 

[BK The Great]