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“Will not treat spending as dependent on approval of congressional committees”
- quezzle 7y agoThus is dictatorship born.
- move-on-by 7y agoHe’s going to spend it on himself and his children.
- erentz 7y agoIt’s a $425 billion fund that is to be leveraged 10x into over $4 trillion in extremely cheap loans to large corporations. This is a staggering amount of money will be used to further consolidate the American economy with all the attendant problems that causes in the mid to long term. The “strings” attached are almost non existent and most of them can be waived by the treasury secretary. Including using it for stock buy backs. The US Government has just robbed another generation to further enrich the richest and this was not just a Republican doing, although they’re going to get the blame. Schumer and Pelosi together wanted this in the bill because they serve the same interests. Pelosi could’ve stripped it in the House and the House could’ve passed the worker and small business focused measures leaving the slush fund for a separate bill. But they didn’t for a reason. Pelosi also didn’t take votes on the record so we can’t hold our Representatives to account for their vote here.