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GOP embraces big stimulus after years of decrying it
I hope that Democrats point out how Republicans purposely tried to crash the economy during the Obama years and are now trying to one up each other in an effort to re-elect Trump despite Trump's incompetence. Indeed, even though the economy continued to grow from the Obama years, the deficit exploded under Trump due to his massive tax cuts to the rich. This has left the U.S. in a precarious position when something like a pandemic hit, which again magnified by the lies and incompetence of the Trump administration.
https://thehill.com/homenews/house/488335-gop-embraces-big-stimulus-after-years-of-decrying-it
A $1 trillion federal stimulus. Bailouts for crippled industries. Cash payments to every American. Soaring deficits into the indefinite future.
No, it’s not the Obama-era response to the Great Recession; it’s the Republicans’ plan to brace the plummeting economy amid sinking markets and mass layoffs resulting from the global coronavirus pandemic.
President Trump and GOP leaders on Capitol Hill are racing to craft the mammoth stimulus bill — Congress’s third round of emergency relief in as many weeks — with hopes of passing it through the Senate before month’s end. The plan seeks to inject $1 trillion into the teetering economy, largely through a combination of direct payments to individuals, bailouts to hard-hit industries such as the airlines and low-cost loans to struggling small businesses.
The strategy marks a 180-degree turn for Republicans who had howled a decade ago when President Obama sought a similar, though smaller, stimulus plan with warnings that it encroached on free markets and threatened to bury the country in deficits — spending they said would saddle future generations with piles of debt.
No, it’s not the Obama-era response to the Great Recession; it’s the Republicans’ plan to brace the plummeting economy amid sinking markets and mass layoffs resulting from the global coronavirus pandemic.
President Trump and GOP leaders on Capitol Hill are racing to craft the mammoth stimulus bill — Congress’s third round of emergency relief in as many weeks — with hopes of passing it through the Senate before month’s end. The plan seeks to inject $1 trillion into the teetering economy, largely through a combination of direct payments to individuals, bailouts to hard-hit industries such as the airlines and low-cost loans to struggling small businesses.
The strategy marks a 180-degree turn for Republicans who had howled a decade ago when President Obama sought a similar, though smaller, stimulus plan with warnings that it encroached on free markets and threatened to bury the country in deficits — spending they said would saddle future generations with piles of debt.
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