Congress's failure to pass a stimulus package carries devastating consequences

[Yo_Mama_Been_Loggin]

for millions of unemployed workers and small businesses

With a fierce Supreme Court replacement battle underway, Congress is shifting its attention away from passing another coronavirus relief package. Senate Republicans under Majority Leader Mitch McConnell are moving swiftly to confirm a third Supreme Court justice appointed by President Donald Trump.

It's a stark contrast to the GOP's reluctance to approve another economic aid package earlier this year, when McConnell pushed "the pause button" on additional spending after a $2 trillion stimulus law was enacted in March. House Democrats passed a broad spending package in May, but Senate Republicans never took it up.

"No problem to get a new Supreme Court justice approved starting from scratch, but a relief package with multiple proposals already on the table to help tens of millions from sliding into misery as we wait for widespread testing and a vaccine to emerge is too big a lift?" Katheryn Russ, an economics professor at the University of California, wrote on Twitter.

The abrupt shift in the political landscape carries potentially devastating consequences for an economy in the midst of a fragile recovery. At a congressional hearing on Tuesday, both Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell acknowledged another stimulus package was needed to prop it up.

https://www.msn.com/en-us/money/markets/congress-s-failure-to-pass-a-stimulus-package-carries-devastating-consequences-for-millions-of-unemployed-workers-and-small-businesses/ar-BB19lN0n?li=BB141NW3&ocid=DELLDHP

Moscow Mitch don't care. He's got his.

[Wellstone ruled]

1. Most thinking and aware folks

new this is what Moscow Mitch and his money people had in store for our Nation from the get go.

We fell off the cliff recession wise over the weekend and we are on the glide path to a major depression.

Everyone notice how "FinCen" disappeared. Oh and how every friggin Bank is now offering all kinds of Debt ETF's with as little as 50 dollar buy ins.

[2naSalit]

2. Those affected are certainly...

Seeking a way out of this mess. When they are informed that their vote could do just that, many are getting registered to and planning to vote. I hope enough will do just that.