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Keyword: bailout

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  • Newsom says federal government has 'ethical obligation' to send states funding amid coronavirus

    05/19/2020 11:26:55 PM PDT · by RomanSoldier19 · 43 replies
    https://thehill.com ^ | 05/17/20 09:59 AM EDT | BY REBECCA KLAR -
    California Governor Gavin Newsom weighed in on the question of bailing out states whose budgets have been blown up by the coronavirus pandemic. Newsom told CNN’s “State of the Union” that a state bailout was not “charity” and that Congress has a “moral and ethical obligation” to help Americans across the country. The House passed a $3 trillion coronavirus relief bill last week which contained almost a trillion dollars to bail out states. It also contained goodies for all — another stimulus check, help for renters, college debt relief, and cash for illegal immigrants. Fox News: “Not to act now...
  • Infographic: Here’s How $2.3 Trillion Was Distributed As Congress Considers Another $3 Trillion

    05/19/2020 5:59:03 PM PDT · by wrrock · 20 replies
    toptradeguru ^ | 5/19/2020 | Evan
    Congress is considering a $3 trillion stimulus package. HERE is an infographic of how the first $2.3 trillion was distributed. See Infographic...
  • White House Promises to Veto Pelosi’s ‘Wish List’ – House Speaker Folds

    05/16/2020 10:21:33 AM PDT · by yoe · 74 replies
    National Insiders ^ | National Insiders Staff
    Americans had a collective fit when they learned about Nancy Pelosi’s insane new “relief” bill. The massive spending package would cost us $3 trillion dollars. All of it would go to Democrat “wish lists.” Immediately, the White House promised they would never sign such a bill. Now, Pelosi is backtracking. You have to give it to Nancy Pelosi. The old gal doesn’t give two rats asses about America. When Congress was trying to pass funding to save small businesses, she held it up… twice. Then, she closed the House, preventing lawmakers from continuing to provide solutions during the crisis. Meanwhile,...
  • House passes $3T coronavirus relief -- the most expensive bill in history

    05/16/2020 12:06:43 AM PDT · by knighthawk · 47 replies
    Fox News ^ | May 15 2020 | Marisa Schultz
    The House of Representatives on Friday evening passed a $3 trillion coronavirus relief bill, the most expensive legislation approved by that body in history, that Democrats hailed as the unprecedented response needed to deal with the pandemic and its economic fallout. The record-breaking bill narrowly passed by a 208-199 vote. Fourteen Democrats defied their party and voted "no," while one Republican, Rep. Pete King of New York, broke with the GOP and voted “yes.” “I’m thrilled," House Speaker Nancy Pelosi said after the bill's passage. "I'm so proud of my members. They just did something so monumental for the American...
  • Nancy Pelosi Declares War On The American People In Her Latest Bogus ‘Rescue Package’

    05/15/2020 8:22:00 AM PDT · by Kaslin · 14 replies
    The Federalist ^ | May 15, 2020 | Sen Marsha Blackburn
    By their own standards, the House Democrats’ Round 4 “rescue package” is a flop. House Speaker Nancy Pelosi set herself up to fail by instructing her caucus and surrogates to insist that Congress prioritize testing, testing, and more testing in future rounds of coronavirus response funding. At the end of the day, Democrats scrounged up a budget for those tests amounting to less than 1 percent of the $3 trillion package Pelosi introduced this week. Instead of putting their money where their mouth is, they slapped together a leftist wish list dedicated to causes unrelated to the pandemic. It is...
  • Rep. Thomas Massie (R-KY) on $3 trillion House coronavirus relief Bill

    05/15/2020 9:59:20 AM PDT · by RandFan · 8 replies
    Twitter ^ | 15th May 2020 | Jennifer Franco
    "Pelosi's making us come back to vote on a pretend bill that's dead on arrival in the Senate...I think we should attack the virus, not the taxpayer." Click excerpt link for Video!
  • Sen. Bill Cassidy trashes Pelosi's new $3T spending proposal: It 'doesn't pass the laugh test'

    05/14/2020 11:00:55 PM PDT · by knighthawk · 6 replies
    Fox News ^ | May 14 2020 | Julia Musto
    Democratic House Speaker Nancy Pelosi's new $3 trillion coronavirus spending proposal is politically motivated "garbage" that "doesn't pass the laugh test," Sen. Bill Cassidy argued Wednesday. Appearing on "America's Newsroom" with host Ed Henry, Cassidy, R-La., said Pelosi tried to get away with more liberal additions to the bill once again, but this time it's hidden in the fine print. "Clearly she went to her committee chairs and she said give me that which you think maybe we can get in here – a starting point for negotiations so we’ll look reasonable when we retreat from it," he explained. "On...
  • OBSERVATIONS ON THE GREAT HUNKERING (15) [WITH COMMENT BY JOHN]

    05/14/2020 4:51:01 PM PDT · by Hojczyk · 6 replies
    Powerline ^ | MAY 14, 2020 | STEVEN HAYWARD I
    • There is so much good (and also bad) analytical work appearing every day that calls into question the conventional wisdom about both COVID-19 and the hard lockdown remedy that just about every country has adopted. There’s so much that I can’t keep up, and can’t decide from day to day which items to pass along to Power Line readers. Fortunately for us, the British journalist Toby Young has put together a pretty good one-stop-shopping site called Lockdown Sceptics. Worth a look each day. Other good recent reads on lockdown skepticism include Conor Friedersdorf in The Atlantic (“Take the Shutdown...
  • LOCAL BUSES HEAD TO WASHINGTON FOR [Shutdown] PROTEST WEDNESDAY

    05/13/2020 11:06:56 AM PDT · by 11th_VA · 31 replies
    WUSA News ^ | MAY 12, 2020
    National bus companies are headed to Washington D.C for a silent protest to ask lawmakers for aide as the COVID-19 pandemic has shut down a majority of their business. The pandemic has taken a toll on all travel and transportation companies, including a local charter service. Tuscaloosa Charter Service Manager Alicia Adams said the government has given $75 billion in aide to Amtrak and airline companies. National bus companies are asking for $15 billion to help survive their shutdown. Adams said they haven’t had any trips scheduled since March 15 and have none booked for summer. “When the University of...
  • Western U.S. states request $1 trillion in coronavirus aid (CALL CONGRESS AND TELL THEM HELL NO)

    05/12/2020 5:05:12 AM PDT · by ksm1 · 10 replies
    Mercury News ^ | May 12, 2020
    Five Western states including California have called on the federal government for about $1 trillion in aid to states, said Gov. Gavin Newsom said Monday.
  • America’s Colleges & Universities Awarded $12.5 Billion In Coronavirus Bailout – Who Can Get It And How Much

    05/08/2020 9:52:05 AM PDT · by SeekAndFind · 9 replies
    Forbes ^ | 05/08/2020 | Adam Andrzejewski
    Harvard decided not to apply for their $9 million share of the $2.2 trillion CARES Act - the Coronavirus Aid, Relief, and Economic Security Act, after President Donald Trump brought the issue into the national limelight. Princeton followed suit. The other Ivies are still deciding whether to accept up to $62.9 million in CARES money — despite their collective endowment of $140 billion. However, our auditors at OpenTheBooks.com discovered that these funds are just the tip of the iceberg. We scoured the backend of the U.S. Department of Education website and found the full database: 5,137 colleges and universities that...
  • Wall Street’s Financial Crisis Preceded COVID-19: Chart and Timeline

    05/06/2020 2:12:58 PM PDT · by sergeantdave · 23 replies
    Wall Street on Parade ^ | May 1, 2020 | Pam Martens and Russ Martens
    If a reputable polling outfit were to ask Americans what caused the current financial crisis on Wall Street, they would say the coronavirus COVID-19 pandemic. If Americans were asked in the same poll when the financial crisis on Wall Street started, they would tie it to outbreaks of the virus in the U.S. this year. But as the timeline below and the chart above clearly substantiate, the financial crisis on Wall Street began in earnest on September 17, 2019, almost four months before the first death from coronavirus anywhere in the world was reported in China on January 11, 2020...
  • Outrageous! Court Agrees Gov. Newsom’s Plan to Give Taxpayer Money to Illegal Aliens Likely Illegal, But Allows it to Proceed Anyway

    05/05/2020 5:30:21 PM PDT · by SeekAndFind · 11 replies
    Gateway Pundit ^ | 05/05/2020 | Cristina Laila
    Conservative watchdog group Judicial Watch requested a temporary restraining order against California Governor Gavin Newsom (D) and his Director of the California Department of Social Services Kim Johnson to prevent them from giving nearly $80 million of taxpayers’ money in cash payments and benefits to illegal aliens amid the Coronavirus pandemic. The court found that Newsom likely had no authority to give illegal aliens taxpayer money but that ‘there was a public interest in sending tax money to illegal aliens during the Coronavirus crisis.’ – Judicial Watch reported. “It is astonishing that a court would allow a public official to...
  • N.J. facing ‘fiscal disaster’ that’s just weeks away from coronavirus pandemic, Murphy says

    05/04/2020 6:32:26 PM PDT · by usafa92 · 55 replies
    NJ.com ^ | 5/4/2020 | Matt Arco
    New Jersey is facing a financial disaster due to loss in revenue and spike in expenses related to the coronavirus outbreak that could be just weeks away, Gov. Phil Murphy said Monday. “Right now, it’s pouring,” Murphy said, shortly after announcing he was ordering all public and private schools closed for the rest of the academic year. “We are on the brink of having to make very tough and, quite frankly, very unpalatable decisions." Murphy has previously warned of “historic” public worker layoffs without federal assistance. Murphy rescinded an executive order Monday from last year tasking the state treasurer to...
  • Federal Reserve Extends Lifeline To Ailing U.S. Oil Industry

    05/01/2020 7:52:21 AM PDT · by bananaman22 · 5 replies
    Oilprice.com ^ | 01/05/2020 | Juli
    The Federal Reserve made some changes to its Main Street Lending Program according to a Thursday press release by the central bank that will now extend a much-needed lifeline to the U.S. oil industry. As bankruptcies, capex cuts, and unfavorable financial reports from Q1 start to trickle into the US shale patch, more oil companies in peril will now be able to tap the Main Street fund that was set up to render aid to small and medium sized businesses. Prior to today, those funds were not available to companies who had more than 10,000 employees and $2.5 billion in...
  • More than $1B in bailout funds go to CHS, HCA and UHS

    04/30/2020 11:36:52 AM PDT · by buckalfa · 5 replies
    Becker's Hospital Review ^ | April 30, 2020 | Ayla Ellison
    Community Health Systems, HCA Healthcare and Universal Health Services received a total of more than $1 billion from the $100 billion emergency relief fund for healthcare providers created under the Coronavirus Aid, Relief and Economic Security Act. The three for-profit hospital operators disclosed the grants during their first quarter earnings calls. Each company also received advance Medicare payments to help offset the financial impact of COVID-19. The advance payments are loans that must be repaid, while the grants do not require repayment. Here is a breakdown of the grants and advance payments each company had received at the time of...
  • CNN Fails to Challenge Pelosi Claim All-Dem Panel is 'Bipartisan'

    04/30/2020 10:17:33 AM PDT · by governsleastgovernsbest · 28 replies
    NewsBusters ^ | Mark Finkelstein
    What could be more "bipartisan" than a Pelosi-appointed panel that excludes all Republicans and includes rabid, Trump-hating Democrats? On CNN's New Day this morning, co-host Alisyn Camerota asked Nancy Pelosi about an "oversight" panel she has created regarding the coronavirus bailout funds. Camerota asked, "Are there any Republicans on the committee?" Claiming she was "very proud" of how she structured the committee, Pelosi said: "The appointments I made to the committee are, I think, create a chemistry of working in a bipartisan way.Get the rest of the story and view the video here.
  • Treasury Secretary: Federal Government Won’t Bail out ‘Mismanaged’ States

    04/29/2020 11:42:58 AM PDT · by SeekAndFind · 28 replies
    Epoch Times ^ | 04/29/2020 | Zachary Steiber
    The federal funds being sent to states to help deal with the COVID-19 pandemic shouldn’t be used on matters unrelated to the pandemic, Treasury Secretary Steven Mnuchin said. COVID-19 is a disease caused by the CCP (Chinese Communist Party) virus, a novel coronavirus from China. The $150 billion approved by Congress in legislation signed by President Donald Trump is being sent to states to cover CCP virus-related expenses, Mnuchin said during an interview on CNBC’s “Squawk Box.” “We’ve been clear that to the extent people have to use police to enforce coronavirus issues, public safety, things like that, that they...
  • Trump to use sanctuary city 'adjustments' as condition for Dems' next relief bill

    04/28/2020 3:39:27 PM PDT · by E. Pluribus Unum · 17 replies
    The Washington Times ^ | Updated: 6:27 p.m. on Tuesday, April 28, 2020 | Dave Boyer
    President Trump warned Democrats Tuesday that he will demand “adjustments” for sanctuary cities as a condition of bailout aid for states, as both parties take increasingly partisan paths toward the next round of emergency coronavirus relief. With Democrats demanding at least $500 billion to fill state coffers drained by business shutdowns, Mr. Trump said he doesn’t want to reward mostly Democrat-controlled states “to recover 25 years of bad management.” “If it’s COVID-related, I guess we can talk about it,” the president told reporters at the White House. “But we want certain things also, including sanctuary city adjustments. We have so...
  • Will Media Object to Nancy Pelosi Angrily Telling Jake Tapper to 'Just Calm Down'?

    04/27/2020 5:36:54 AM PDT · by governsleastgovernsbest · 10 replies
    NewsBusters ^ | Mark Finkelstein
    The liberal media love to complain when they feel that President Trump has disrespected them. So how, if at all, will the MSM react to Nancy Pelosi telling Jake Tapper to "just calm down" when he asked about her failure to get state and local funding in the latest bailout bill? Get the rest of the story and view the video here.