After silly political games added into the different plans to deal with the virus….we have now finally come to agreement…..
“Ladies and gentlemen, we are done. We have a deal,” top White House aide Eric Ueland announced early Wednesday after the White House and Senate leaders reached agreement on the biggest economic relief package in American history. The $2 trillion measure to help workers, businesses, and the health care system deal with the effects of the coronavirus pandemic will include $1,200 checks for many Americans and a $367 billion loan program for small businesses, the Washington Post reports. “Help is on the way, big help and quick help,” said Senate Minority Leader Chuck Schumer, a Democrat. “We’re going to take up and pass this package to care for those who are now caring for us, and help carry millions of Americans through these dark economic times.”
Senate Majority Leader Mitch McConnell, a Republican, said he is “thrilled that we’re finally going to deliver for the country that has been waiting for us to step up.” The deal was reached after what the New York Times describes as a “furious final round of haggling” between McConnell, Schumer, and Treasury Secretary Steven Mnuchin. One of the last issues to be resolved was a $500 billion plan for subsidized loans to large industries hit hard by the outbreak, including the airlines, the AP reports. The Senate is expected to pass the bill Wednesday but it could take longer to pass in the House, which is out of session, unless lawmakers agree to pass it with unanimous consent, reports the Post.
The deal could still fall apart……
I still do not think the airlines deserve a bail-out……look what was wasted on an auto bail-out and how silly the financial bail-out was did nothing to help the nation….only the bottom lines of the corporations.
And when this virus thing is abated there will be a massive attempt to pay for this stimulus and us mere mortals will have to pay for the corporations getting freebies.
I Read, I Write, You Know
“lego ergo scribo”