GOP SLUSH FUND STYMIES RECOVERY PACKAGE

[Lucky]

Senator Ritch McConnell wants to take care of his fellow aristocrats and has put a $500 BILLION  slush fund into his proposal to lift the economy out of the cesspool it is about to enter due to coronavirus.

He says that Democrats should go along because he incorporated some of their ideas in the bill. The slush fund would be under the control of the Treasury.

From the Washington Post;

A major sticking point is a $500 billion pool of money for loans and loan guarantees that Republicans want to create, which some Democrats are labeling a “slush fund” because the Treasury Department would have broad discretion over who receives the money. There is little precedent for a program with a similar size and scope.

“They’re throwing caution to the wind for average workers and people on Main Street and going balls to the wall for people on Wall Street," Sen. Joe Manchin (D-W.Va.) said of Republicans.

The implications for the standoff became more dire as concerns about the economy intensify. Several senators spoke fearfully of the impact on the markets if they fail to reach agreement by Monday morning.

Edited March 22, 2020 by Lucky

[caeron]

 

Hey, if everybody is going to die anyway, you guys don't mind if we just loot the country right? $500B buys a LOT of beach front property in hell.