Right now, millions of Americans are in fear of losing their jobs, going bankrupt, and losing their homes.
Meanwhile, House Speaker Pelosi, who is a millionaire and still collecting a government check, it delaying legislation that would help lessen some of that burden.
On Friday, Senator Mitch McConnell, on the legislation, stated, “We need to deliver relief now.
“We need to go big. We need to minimize new complexity. And we need to move swiftly.”
He was speaking about the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
House Speaker Pelosi was not quite as excited about the legislation, stating it was “not at all pro-worker and [the proposal] puts corporations ahead of working people. As written, it is a non-starter.”
Well, here’s the thing Nancy… if you don’t also help the companies that supply these jobs, there are not going to be any jobs.
While I realize Democrats hate business owners, the reality is that since the government is ordering the shutdown, they are going to have to figure out a way to help businesses as well or no matter what stimulus package they put together, we are going to see a depression like we have not seen in a century.
The REAL Issues
In all honesty, very little of what either side is offering right now is very helpful.
If you want something meaningful, look at what Governor Cuomo did in New York by halting all mortgage payments for three months.
Instead of making the payments now, homeowners are going to have the payment moved to the back end of their mortgage with no penalties or fees.
That is something I have been writing about since almost the beginning of this outbreak.
They need to go further, though, and get all lenders, credit card companies, and large-scale rental properties on board with this.
While the legislation being put forth for small business owners will help keep payroll going, what about the business owner?
I am a small business owner and the legislation as it is would do nothing to help offset the income that is being lost.
I can’t help but think of the restaurant owner that relies on his weekly profits to live, but now while he may be able to pay his staff, his financial situation is going to be in peril.
No matter how much positive spin everyone puts on this, the reality is that on the other side of this, if it is a prolonged shutdown, every city is going to be filled with storefronts that have plyboard on the windows and doors.
This is happening through no fault of their own but due to a massive shutdown ordered by the government with no real plan in place to help those that will be most impacted.
Maybe if Democrats were not so involved in the impeachment, a plan could have been in place before the shutdown rather than well after the fact.
But, why would they care? After all, they are all still getting their checks and with their inside information, they were all able to protect their fortunes by selling their stock early and investing in companies that would be needed during this crisis.