Nancy Pelosi congratulated Senate Democrats for blocking $250 billion in coronavirus relief funding for small businesses.
Pelosi: “I Congratulate the Senate Democrats” for Blocking Funding
Speaking on MSNBC, Pelosi congratulated her colleagues in the Senate for blocking an emergency extension to the Paycheck Protection Program, despite millions of small businesses relying on its funding that could run out as early as Friday. The PPP had set out $350 billion in forgiveable loans to help these businesses through the coronavirus pandemic, with 880,000 applications for a total of $217 billion being approved by Monday.
“So last week when they came and asked for a quarter of a trillion dollars in 48 hours, I said, ‘well I don’t think, let’s see how we can open this up to many more people,’” Pelosi said. “So Chuck Schumer and I, this all happened on the Senate side and I congratulate the Senate Democrats, they went to the floor when Mitch McConnell went in for this [$250 billion] and they said they objected.”
— RNC Research (@RNCResearch) April 15, 2020
The Democrats Are Spending Their Time On Identity Politics!
With around 62% of the emergency coronavirus funding for small businesses being already allocated, up from 48% on Friday, and over 200,000 applications for relief still flooding in, it’s astonishing to me that Pelosi can celebrate the rejection of this. Rather than simply passing the bill instead, Pelosi and the Democrats are demanding extra billions to go towards hospitals and healthcare facilities to help fight the coronavirus, which is in fairness, an admirable destination for funding, but also want to guarantee that women and minorities will be the first to receive any of the small business loans!
This is completely ridiculous. Once again, the Democrats are playing identity politics during a time of crisis. Firstly, why should anyone receive preferential treatment for anything just for an accident of their birth, and secondly, even if you think they should, why would they add all this bureaucratic red tape to a system that should be designed to simply hand out this funding as fast as they possibly can?!
What makes this even more maddening is that Pelosi and the rest of the House are off with full pay! Like always, it’s one rule for the Democrats, and one rule for everyone else.