Biden calls out Republicans, Chase calls out lawmakers

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Now that nothing is getting done in a time when we most need it to get done, parties from all different sides are starting to call each other out.

Speaking (virtually) to health care providers yesterday, Biden suggested Republicans may be reluctant to strike a deal with Democrats about state and local government coronavirus funding “because of their fear of retribution from the president.”

“Hopefully, when he’s gone, they’ll be more willing to do what they know should be done, has to be done, in order to save the communities they live in,” Biden said.

I’m not sure how accurate this statement is considering how vocal President Trump has been about supporting a large stimulus package.

He’s even expressed that he would be on board with a package larger than what the Democrats were proposing.

I know that Trump has considered the local aid to be a bail out of sorts for certain (poorly managed) states and localities but I think many other Republicans share that view as well.

I think the Republican reluctance is more about pressure from other Republicans who don’t want to increase the national debt by a large degree.

We heard the other day that no stimulus talks have taken place since the election on November 3.

The only semblance of talks that we have seen are public exchanges between Democrats and Republicans.

Democrat leaders House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer sent a letter to Mitch McConnell this week that asked him to meet them at the negotiating table.

“We were encouraged by your comments shortly after the election that you believe the Congress needs to act on another COVID-19 relief package,” the letter states.

“For the sake of the country, we ask that you come to the table and work with us to produce an agreement that meets America’s needs in this critical time,” it read.

McConnell made a public response calling out the fact that Republicans have tried to pass a targeted rescue package for weeks.

“Republicans have tried for weeks to pass another targeted rescue package. It would send hundreds of billions of dollars to schools, unemployment aid, another round of the job-saving PPP, and healthcare,” he tweeted.

“Democrats repeatedly blocked it all. Let’s hope they let us make law soon.”

Political analysts do expect a stimulus package to be passed but they don’t think that certain items like stimulus checks will happen until early 2021.

According to a CBS News story, “analysts expect lawmakers to eventually set aside their partisan differences and pass another stimulus bill, the size and timing of a measure remain uncertain.”

Those opinions sound in line with everything that I have been reading myself.

We are starting to see more criticism directed towards lawmakers for their failure to get anything done during this time though.

JPMorgan Chase CEO Jamie Dimon stated:

“I know now we have this big debate. Is it $2.2 trillion, $1.5 trillion? You’ve got to be kidding me… I mean just split the baby and move on. This is childish behavior on the part of our politicians.”

“We need to help the citizens of America… let’s just get through it.”

So I think the majority of the country is feeling the same way regardless of how much they need or don’t need relief from the government.

The frustrating thing is that I just don’t think anything will still get done until 2021 due to the nature of politics.

Even then, the system is still set up to clash since Republicans stand a good chance at maintaining control of the Senate.

H/T

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