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    Democrats block expansion of Paycheck Protection Plan, demand more unrelated spending

    Democrats block expansion of Paycheck Protection Plan, demand more unrelated spending

    In blocking a simple, clean $250 billion funding increase for PPP, Senate Democrats propose a $500 billion bill that addresses many other issues, including promoting minority community lending.

    https://www.youtube.com/watch?v=_sHfoVhz71A

    Yesterday I reported that Pelosi/Schumer may stymie Paycheck Protection Program expansion over unrelated new spending demands.

    The PPP provides forgivable loans to small businesses on the condition that the funds be used for paying workers, with a portion permitted to be paid for certain fixed costs like rent.

    The goal is to keep people employed until the economy can restart, and hopefully to keep small businesses afloat. Yet Democrats once again are holding such relief hostage to additional demands for funding and social goals.

    All Republicans in the Senate sought to do was increase PPP funding from $350 billion to $600 billion. But to do that, the Senate needed to vote by unanimous consent to consider the bill.

    Democrats refused. Maryland Democrat Ben Cardin, and  rose to object when Mitch McConnell requested unanimous consent. Cardin’s argument was that there are additional things that need to be done, so we’re not going to expand funding for PPP unless we simultaneously address those other issues.

    In place of a simple, clean funding increase for PPP, Senate Democrats will propose a $5 billion bill that addresses many other issues, including promoting minority community lending.

    The Senate is now adjourned until April 13.

    You can watch this mornings proceedings here:

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    Comments



     
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    buck61 | April 9, 2020 at 12:06 pm

    wasn’t that long ago that Rep. Massie was vilified by fellow politicos and the media for demanding a quorum be present ( not being in DC during this crisis is a topic for another day), will those same people vilify Cardin for holding up the money?
    I have my doubts.


     
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    CommoChief | April 9, 2020 at 3:34 pm

    Guys this is why, the previous post on the issue, I argued for saying yes to these d demand with certain conditions. The d are allowing themselves to be boxed in as the party refusing to help small businesses.

    Now I would hope everyone understands that the MSM is going to do their best to flip the narrative and paint the r and PDJT as the ones responsible. So that being the case, it makes sense to have a counter proposal which agrees to d funding requests in terms of amount but with stipulations that provide for a more conservative orientation in terms of how that funding is applied.

    Politics is the art of the possible, unless you have a rock solid majority, we don’t. Think about Judo, use your opponents aggression to allow your opponent to place themselves off balance and then counter attack. Politics is very much the same.

    Whether additional funds will be spent is, most likely, a foregone conclusion. We should be pushing to make sure the funds are utilized to assist hospitals in restocking, local governments to cover the costs of covid and for small business to prepare for reopening; paying rent, utilities and rounding up the portion of their workforce they idled.

    The sooner back to work, the sooner idled workers are not drawing enhanced unemployment benefits and the sooner we begin the economic recovery necessary to pay the bill for all the covid spending.


     
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    Connivin Caniff | April 9, 2020 at 4:15 pm

    Cut off their payrolls so they can march in solidarity.


     
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    BierceAmbrose | April 10, 2020 at 4:19 pm

    Why do we so often hear about the value of a line item veto, when we could get the same effect writing single-item laws?

    Myself, I don’t understand thousand-page bills. Most congresscritters don’t have the attention span to read a one-pager. And their mental acuity lasts about a paragraph.

    Gropy Joe isn’t unusual; he’s just out front where it can’t be hidden these days.


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