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Economy

Pelosi, Schumer To GOP: ‘Quit the political posturing’ on COVID Economic Relief

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House Speaker Nancy Pelosi and Senate Minority Leader Charles Schumer sent a joint letter Monday to Republicans urging them “to quit the political posturing by proposing bills they know will not pass either chamber and get serious and work with us towards a solution.”

Further, the two Democratic party leaders argued that the Republican lawmakers need to focus on giving small businesses, families, and workers additional funding.

“While the Trump Administration struggles to figure out how to distribute the funds provided for in the CARES Act, it’s clear that those appropriated amounts will not be enough to cover the tremendous need,” Pelosi and Schumer wrote.

They added, “Further changes must also be made to the SBA’s assistance initiative, as many eligible small businesses continue to be excluded from the Paycheck Protection Program by big banks with significant lending capacity. Funding for Covid-19 SBA disaster loans and grants must be significantly increased to satisfy the hundreds of billions in oversubscribed demand.”

Schumer and Pelosi emphasized the need to expand SNAP nutrition assistance to Americans struggling to put food on the table. Moreover, the Democrats requested that the next spending package include additional funding for expanded coronavirus testing and for Personal Protective Equipment for medical workers on the frontlines of the epidemic.

“The collection and publication of demographic data are also desperately needed, so that we can accurately determine the level of impact on under-served communities and communities of color and direct needed resources to them immediately,” the Democratic lawmakers wrote.

The two parties reached an impasse Thursday over their disagreements on funding priorities. In a joint letter Friday, Senate Majority Leader Mitch McConnell and House Minority Leader Kevin McCarthy slammed the Democratic leadership for blocking additional funding for the Payment Protection Program that “may be depleted in just a few days.”

“Republicans did not ask to change any of the policy details that were negotiated by both parties and passed unanimously. All we want to do is put more money into a popular job-saving policy which both parties designed together.” the Republican leaders wrote, “Yesterday, Senate Democrats blocked this funding because Republicans would not open a sweeping renegotiation of the bipartisan CARES Act. Their unrelated demands included hundreds of billions of extra dollars for parts of the legislation which are still coming online and have not yet spent a single dollar.”

They added, “Speaker Pelosi said yesterday she was aware of ‘no data as to why we need’ more funding for Americans’ paychecks. Anyone paying attention knows differently. The Administration reports the PPP has already burned through nearly half of its initial funding in just its first week. Yesterday, we learned that a staggering 10% of the entire American workforce has filed for unemployment in less than a month. This morning, we learned that small-business layoffs spiked by 1,000% last month alone.”

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Economy

Biden’s 60 Minutes Interview Horrifies White House: ‘Does NOT Reflect the OFFICIAL Position’

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Screen Shot 2022 09 19 at 2.41.05 PM

Uh oh. Someone let President Joe Biden speak by himself again and damage control immediately ensued. President Joe Biden’s “60 Minutes” interview which aired on CBS Sunday was 60 minutes of pure torture for viewers and 60 minutes of pure angst for the White House; everyone but the president himself.

60 Minutes’ official Twitter account publicly called out the President’s answers with an embarrassing statement that his own administration was in disagreement with him:

“President Biden tells 60 Minutes that U.S. men and women would defend Taiwan in the vent of a Chinese invasion. However, after our interview, a White House official told us that U.S. policy on Taiwan has not changed.”

CBS’ Scott Pelley also discussed inflation; an issue drastically affecting the welfare and wellbeing of families. Biden deflected with zero sympathy:

As for President Biden’s son Joe, he is sticking with the narrative that Hunter is the “smartest” person he knows and that “there’s not a single thing that I’ve observed at all that would affect me or the United States relative to my son Hunter.”

Biden also said that while the “proof of the pudding is in the eating” in response to being asked if he is fit to be President, Biden did not commit to saying whether or not he will run for re-election. His “intention” is to run again, “but that’s just intention” he said. “Is it a firm decision that I run again? That remains to be seen.”

 

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