Wait, What? Pelosi, Schumer Tell GOP To ‘Stop Posturing’ on Stalled Coronavirus Aid

OPINION | This article contains commentary which reflects the author's opinion.

House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer are accusing Republican lawmakers of being the ones standing in the way of further coronavirus-related economic relief.

As the Hill reports, Pelosi specifically told Republicans to “stop posturing” and to come back to the negotiating table on an “interim” coronavirus relief bill.

“We have real problems facing this country, and it’s time for the Republicans 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,” she and Schumer said in a statement released on Monday.

According to the report, however, it was Democrats who blocked a clean financial assistance bill for companies and workers.

Republicans did block a bill too, but one that provided hundreds of billions of dollars to other sectors with certain restrictions on who gets assistance.

The Hill reports:

Senate Majority Leader Mitch McConnell (R-Ky.) and House Minority Leader Kevin McCarthy (R-Calif.) said over the weekend that they would keep trying to pass the “clean” GOP bill, which would provide an additional $250 billion in funding for the Paycheck Protection Program (PPP), appearing to reject a Democratic push to negotiate a larger package. The program, which got $350 billion as part of the third coronavirus relief bill, provides loans and grants for businesses with fewer than 500 employees.

“We will continue to seek a clean PPP funding increase. We hope our Democratic colleagues familiarize themselves with the facts and the data before the program runs dry,” they added.

— Advertisement —

Pelosi and Schumer want the funds to be paired with “an additional $100 billion for hospitals, $150 billion for state and local governments and a boost in food assistance funding,” the Hill adds.

“Small businesses, hospitals, frontline workers and state and local governments across the country are struggling to keep up with this national crisis,” Schumer and Pelosi said in the statement. “They need more help from the federal government and they need it fast.”

“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,” they added.

According to the report, the Democratic duo also wants the guarantee that the government will provide at least half of the funds to “community-based financial institutions that serve farmers, family, women, minority and veteran-owned small businesses.”

“Further changes must also be made to the SBA’s [Small Business Administration] assistance initiative, as many eligible small businesses continue to be excluded from the Paycheck Protection Program by big banks with significant lending capacity,” Pelosi and Schumer said in the statement, noting the importance of adding more money to “satisfy the hundreds of billions in oversubscribed demand.”

28 COMMENTS

  1. You actually make it seem so easy with your presentation but I find this topic to be really something which I think I would never understand. It seems too complex and very broad for me. I am looking forward for your next post, I’ll try to get the hang of it!

  2. Hi there everybody, here every one is sharing these knowledge, so it’s good to
    read this website, and I used to pay a visit this website all the time.

  3. Yesterday, while I was at work, my sister stole my
    iphone and tested to see if it can survive a forty foot drop, just so she can be a youtube sensation. My iPad is now broken and she has 83 views.

    I know this is totally off topic but I had to share it with someone!

  4. Hi, I do think this is a great web site. I stumbledupon it 😉 I’m going to revisit once again since I book-marked it.
    Money and freedom is the best way to change, may you be rich and continue to guide others.

  5. Hi, i think that i saw you visited my weblog so i came to “return the favor”.I am attempting to find things to enhance my site!I suppose
    its ok to use some of your ideas!!

  6. Hi there just wanted to give you a quick heads up. The text in your post seem to be running
    off the screen in Chrome. I’m not sure if this is a format issue or something to do with browser compatibility but I thought I’d post to let you know.
    The style and design look great though! Hope you get the issue fixed soon.
    Cheers

  7. This is really interesting, You are a very skilled blogger.
    I have joined your feed and look forward to seeking more
    of your great post. Also, I have shared your web site in my social networks!

  8. I’ve been browsing online more than 2 hours today, yet I never found any interesting article like yours.
    It is pretty worth enough for me. Personally, if all webmasters and bloggers
    made good content as you did, the internet will be much more useful than ever before.

  9. Hey! I just wanted to ask if you ever have any issues
    with hackers? My last blog (wordpress) was hacked and I ended up
    losing several weeks of hard work due to no data backup. Do you have any solutions to protect against hackers?

  10. Awesome blog! Do you have any recommendations for aspiring writers?
    I’m hoping to start my own blog soon but I’m a little lost on everything.
    Would you propose starting with a free platform like WordPress or go for a paid option?
    There are so many choices out there that I’m totally confused ..
    Any suggestions? Appreciate it!

  11. Hey I am so excited I found your blog, I really found you
    by mistake, while I was looking on Aol for something
    else, Anyways I am here now and would just like to say cheers for a remarkable post and a all round exciting blog (I also love the theme/design),
    I don’t have time to read it all at the minute but I have book-marked it and also included your
    RSS feeds, so when I have time I will be back to read much more, Please do keep up the
    superb work.

  12. Hey There. I found your blog using msn. This is an extremely well written article.
    I will make sure to bookmark it and return to read more of your useful information. Thanks for the post.
    I’ll certainly comeback.

  13. Hey there! Someone in my Myspace group shared this site with us so I came to take a look.
    I’m definitely enjoying the information. I’m book-marking and will be tweeting this
    to my followers! Great blog and terrific style and design.

  14. Howdy! This post could not be written any better!
    Reading this post reminds me of my old room mate!
    He always kept chatting about this. I will forward this page to him.
    Pretty sure he will have a good read. Thanks for sharing!

LEAVE A REPLY

Please enter your comment!
Please enter your name here