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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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     4
    notamemberofanyorganizedpolicital | April 9, 2020 at 10:33 am

    Den rats, Den rats.

    Speaking of small business loans, on a Tuesday LI thread someone commented 60 or 80 percent of small businesses were Democrat voter owned.

    Just wondering were they got that fact…..


     
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     4
    American Human | April 9, 2020 at 10:38 am

    Just wait until Pelosi gets ahold of this.


     
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     11
    mailman | April 9, 2020 at 10:40 am

    Tell the Democrats to go get fucked.

    If the don’t want to pass the bill then fuck them. Dont pass ANYTHING and sing long and loud everywhere they can that this is what the Democrats wanted.


     
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     11
    The Friendly Grizzly | April 9, 2020 at 10:42 am

    I think it’s about time that minority lending stands on its own. I for one am sick and tired of paying for it.


     
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     8
    nordic_prince | April 9, 2020 at 11:00 am

    What a relief to know that when Americans are losing jobs by the millions and don’t know how they’re going to pay rent or buy food, the Ds are right on it, looking out for THEIR own interest rather than the suffering of the American people.

    Party of “the little guy” my arse. I’d like to see the D party shattered into a million pieces and thrown to the wind.


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