Drudge Retort: The Other Side of the News
Friday, May 15, 2020

Democrats are already pounding Senate Republicans - particularly endangered incumbents facing the voters in November - for their hesitancy in moving forward with additional relief, energized by a hallway comment by Senator Mitch McConnell, Republican of Kentucky and the majority leader, that he felt no "urgency" to provide more immediate help. But this week demonstrated the difficulty of maintaining that stance.



Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Jobless claims soared to 36.5 million over two months, and Jerome H. Powell, the chair of the Federal Reserve, warned on Wednesday that Congress must be prepared to enact more fiscal stimulus to avoid long-term economic damage.

Representative Peter T. King of New York, a Republican who has said he will support Democrats' $3 trillion aid bill despite his opposition to many of its provisions, said the dire economic situation of so many states and cities means Congress has to start somewhere.

"States are going to go under," Mr. King said. "You've got to get negotiations going. You can't stand in each other's corners yelling back and forth."

This is close to analogous to the Republicans stance once Obama took over the White House in 2009 and the nation's economy was reeling from the financial meltdown. As usual when it comes to math, later calculations are only going to get worse, never better, as lack of funds forces state and local governments to layoff or furlough needed employees because tax revenues have plummeted and they have no other way to raise additional funding.

That is why the federal government remains the only conceivable source to fill this breech and to keep the economy from sinking further by sidelining even more demand with no way to fill it. When something is taken away then something else needs to fill the void. It's economic reality, not rocket science. The economy cannot magically heal itself without a steady and ample supply of assistance from the federal government - which is essentially a loan taken out by us to be repaid by us and those whom we're trying to maintain a civil society for so that they can one day flourish in as well.

#1 | Posted by tonyroma at 2020-05-15 12:31 PM | Reply

Well McChinless would pass the bill if 90% of the benefits go to the top 1% because they are suffering.

#2 | Posted by Nixon at 2020-05-15 12:35 PM | Reply | Newsworthy 1

S. Korea opened up, one man reportedly went out to 5 bars and infected over 100 people. It is a Pandemic, not just an inconvenience. Republicans own all the subsequent deaths that occur after reopening our economies.

#3 | Posted by danni at 2020-05-15 12:44 PM | Reply

It was Trump who sent the Flying Monkeys to pester Democratic Governors, while he ignored the fact that Republican Govs had instituted similar plans.

"Liberate" my aching arse.

They are trying to create a 'do-over' on the legitimate elections which places the State Governments in place. Kinda Anti-Patriotic of em.

They all got to play dress-up and jump into the pick-ups and storm State Houses with battlefield appropriate armament, and a spoiled brat war-like demeanor. Oh, the chubbies the fat-feks git as they forced their 'mean-mug' siege into the State of Michigan Government buildings. Those pictures of the faces-of-sedition will not go away.

Eff em all with a tire iron.

Eventually, these barrel bellied -------- will push too hard and will force LEOs to go all 'Kent State' on them. I got a big bag of Tots-n-prayerz waiting to bust out the that day.

#4 | Posted by oldwhiskeysour at 2020-05-15 03:53 PM | Reply

I call for Trump to resign effective midnight tonight!

#5 | Posted by aborted_monson at 2020-05-15 08:36 PM | Reply

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2020 World Readable

Drudge Retort