It looked like Treasury Secretary Steve Mnuchin and Democratic leaders were well on the way to working out a more extensive relief bill to provide much needed benefits for the American people, when Bought Bitch Midnight Moscow Mitch stepped in to convert the Bipartisan Relief Bill to a Republican Bailout Scam. Acting in the interests of the American people, Senate Democrats shot it down yesterday.
Senate Republicans late Sunday failed to force through a $1.8 trillion coronavirus stimulus package that Democratic lawmakers, union leaders, and progressive advocacy groups condemned as a massive bailout for corporate America that would have done little to address the urgent economic and medical needs of ordinary people.
A procedural motion to advance the Republican bill, formally known as the CARES Act, received just 47 votes Sunday, well short of the 60 needed for passage. Every Senate Democrat present voted no.
Senate Majority Leader Mitch McConnell (R-Ky.) scheduled another procedural vote on the legislation for Monday morning at 9:45 am ET as talks over the bill continued through the evening Sunday.
One of the most contentious sticking points in rapidly moving negotiations over the Republican measure was its call for the creation of a $500 billion business relief program that would be controlled by the Trump Treasury Department, headed by former Goldman Sachs banker Steve Mnuchin. The fund would set aside around $58 billion for the airline industry and $17 billion for “sectors considered critical to national security,” Roll Call reported.
Democrats and progressive critics condemned the program as a corporate “slush fund” and demanded that any bailout money for businesses come with strict oversight and conditions, such as strong worker protections against layoffs and a permanent ban on stock buybacks.
“In the midst of an unprecedented national crisis, Republicans can’t seriously expect us to tell people in our communities who are suffering that we shortchanged hospitals, students, workers, and small businesses but gave big corporations hundreds of billions of dollars in a secretive slush fund,” Sen. Patty Murray (D-Wash.) said in a statement announcing her opposition to the GOP legislation.
Progressives like Sen. Bernie Sanders (I-Vt.) are also demanding $2,000 in monthly cash payments to every person in the United States instead of the means-tested, one-time payments proposed by the Republican legislation.
“The job of Congress right now is to do everything we possibly can to protect Americans’ lives and wellbeing—not hand out welfare checks to huge corporations,” Sanders tweeted.
During a press conference Sunday, President Donald Trump refused to vow that none of the bailout money in the Republican stimulus package would go to his own properties… [emphasis added]
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Here’s a video report from NBC News.
Senate Fails To Advance Coronavirus Stimulus Package, Devastating For Businesses
Personally, I found the reporter quite biased, but the reporter from Bloomberg, who interviewed Liz Warren earlier in the day, wasn’t just biased. He was patronizing and dismissive!
Elizabeth Warren explains what Democrats want in virus relief bill
This is what Democrats are fighting for. But criminal Fuhrer Trump* and Bought Bitch Midnight Moscow Mitch want to give all the money to corporate criminals with no strings attached, including a giant bail-outs for Mar-a-Lago and Trump* Towers.
The Republican Plan would give criminal Fuhrer Trump* and his apostles of greed complete control of almost $1 trillion dollars in relief funds. The Republican Reich would have no obligation to even tell Congress, the press, or the American people who got money, how much they got, or how they used it.
This was a perfect example of Republican bipartisanship.
RESIST!!
9 Responses to “Bought Bitch Mitch Fails to Pass Bailout Scam”
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Lots of info here, I like Ms. Warren’s comments too.
I wouldn’t trust a Repug to do anything honest, as far as I could throw them.
BBMM needs to go.
dt and Mitch don’t care about us, it’s for them padding their pocket(s).
I agree with you about the reporter’s behavior too.
The fellow interviewing Liz is an ass! THIS is poor reporting!
Can that damned virus wipe out the GOPIGGIES, soon? That would be great payback for McTurtle and Boehner’s refusal to allow lunches, and the like combining both sides of the aisle.
And every day – every hour – every minute that Republicans fuck around trying to divert money away from those who need it and to their buddies who don’t, people die.
The one industry I could possibly see supporting is eat-in restaurants and possibly their supply chain. Scial distancing will really take a toll on them (not that the virus wouldn’t by itself.) And maybe the performing arts. Certainly not planes and cruise ships or banks or whatever else they are looking at profiting off of.
The definition of poetic justice? Bought Bitch Moscow Mitch catching COVID-19!
Absolute minimums – MINIMUMS – for the $500 BILLION SLUSH FUND that Moscow Mitch wants to give Big Business, administered solely by Mnuchin, are:
[1] NO Stock Buybacks like last time
[2] NO use of funds for CEO Bonuses
And when you say you thought the “Senate Fails to Advance Stimulus” video reporter was biased, I’m assuming you mean Stephanie Ruhle – the one who yammered longest.
I’ve seen Ruhle close to a dozen times now, and at least HALF the time she has shilled for *Rump. So I did a little sleuthing, and it all became a bit clearer.
She’s been a close associate of Bloomberg’s for years. She slipped one time by not hiding her political donations, because I found she has contributed to a Rethuglican Super PAC.
I’m not going to DOX her, but she lives in a 4-story townhouse on the upper East Side in the 80s in NYC, and I’m including a few snapshots of her $5.7 MILLION home. Oh, she also has a $1.7 MILLION beach house on the Jersey shore.
I think that goes a long way to explain her bias.
Despicable what mItch the bi*ch and the rest of the repugs are trying to do.
Take care of the corporations over the people.
May these greedy repugs rot in hel*.
Love the way the news stated that tRump would use this funding to help his own businesses….bas*ard.
We need something done now.
I’d never thought I’d say it but Kudos to my Australian government. Compared to the stimulus package the American government, i.e. the Trumpian Bananarepublicans, is suggesting for its country, the package the Aussie right-wing government is putting in place together with the opposition is near perfect.
Of course, it isn’t really perfect and changes for the better are made on an almost hourly basis. It is, however, bipartisan, it isn’t meant to bail out Big Business only, its meant to keep the whole economy afloat, not just “Wall Street’s” and there is a great deal of transparency. To be honest, I’m very surprised and perhaps even a little dismayed Scomo is doing so well 🤦♀️.
I hope Democrats will keep on fighting to get what they want and America needs. Republicans can never be trusted, especially not in these difficult times for the people.
It is a good thing that Democrats are putting up a fight if what I read/heard earlier today is included in the Republican bill. I wish I could find the article again but supposedly, there is an ugly pill to revamp social security and/or Medicare/Medicaid and not for the benefit of the average American. That in addition to the corporate welfare and injustice of the Republican plan shows that Republicans are lower than a snake’s belly!
Thanks, pained hugs, and Amen to all.