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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsElizabeth Warren to Trump and Mnuchin: We're watching you
In one of the least surprising moves ever, President Trump declared barely moments after Congress sent him its $2 trillion economic rescue package that he would not abide by a key restriction on all the money it contains for bailing out businesses.
Trump announced that he saw no legal obligation to cooperate with an inspector general created by the new law to audit how his Treasury Department hands out some $500 billion in funds immediately reviving the worst fears of progressives that Trump would treat the bailout money like a slush fund to hand out to misbehaving corporations.
Into this breach is stepping Sen. Elizabeth Warren. In a letter to Treasury Secretary Steven Mnuchin, the Massachusetts Democrat seeks to put Trump and Mnuchin on notice, in a novel way that will bear watching.
At stake is whether true public need will be served by this massive rescue effort, or whether Trump, Mnuchin and big corporations will hijack it to their benefit even as the rest of the country endures extraordinary hardship amid a horrific public health emergency and a brutally punishing recession.
https://www.washingtonpost.com/opinions/2020/03/31/elizabeth-warren-trump-mnuchin-were-watching-you/
blm
(112,919 posts)And they anticipate the new ones.
Hermit-The-Prog
(33,021 posts)Frustratedlady
(16,254 posts)I'm sure he's been there/done that and will pull all the tricks out of his bag. No pun intended.