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'The Five' shreds Dems for derailing the coronavirus relief bill - YouTube
Channel: Fox News
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partisan politics are crippling
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America's response to the corona virus
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pandemic Chuck Schumer and Senate
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Democrats blocking a critical stimulus
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bill for a second time it would provide
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over a trillion dollars of relief to
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millions of workers and businesses
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directly impacted by the outbreak it
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comes as America's Surgeon General warns
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that this is going to be a bad week for
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the country infections are soaring in
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America with over 40,000 cases and 500
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dead Senate Majority Leader Mitch
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McConnell calling out Democrats for
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prioritizing their wish list instead of
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backing a clean stimulus bill here's
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just some of the back-and-forth time for
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Democrats to stop playing politics and
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step up to the plate if the entire
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economy continues to crumble here are
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some of the items on the Democratic wish
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list over which they choose over which
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they choose to block this legislation
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last night tax credits for solar energy
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and wind energy provisions to force
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employers to give special new treatment
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to Big Labor and listen to this new
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admission Sanders for the airlines are
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you kidding me maybe the majority leader
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thinks it's unfair to ask protections
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for workers those are not extraneous
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issues that is a wish list for workers
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nobody else and over in the House Nancy
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Pelosi - introducing her own stimulus
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plan and instead of focusing on
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immediate relief Pelosi is attacking
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President Trump over Obamacare I'm
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calling on President Trump to abandon
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his lawsuit seeking to strike down the
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Affordable Care Act instead the
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president should urge the 14 states who
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have refused to expand Medicaid to do so
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today House Democrats are unveiling that
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take responsibility for workers and
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Families Act a bill that takes
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responsibility for the health wages and
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well-being of America's workers okay
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mister Gutfeld I think everybody knows
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the relief package isn't gonna be
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perfect I'd like to see a little bit
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more
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in there for workers maybe twice as much
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for families but I don't see anything
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wrong with having strings attached for
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you know no stock buybacks no bonuses
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but for attaching strings to things like
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making sure there is more women on
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corporate boards or new green New Deal
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issues that's fine but that's not what
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this is about you know there are two
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things one to your point does it have to
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be perfect we're not in a time of luxury
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where you can hone this package to an
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ideal thing you know when a firefighter
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is facing a blaze does he stop and go
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hey excuse me is that mineral or tap
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water no he gets that hose and he points
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it at the fire this package this relief
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package is the hose the water that we
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need but the bigger problem though is
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that note I consider myself a lay person
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I have no idea what's wrong with this
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bill ideological language obscures the
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truth so that the lay people cannot see
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what's going on so it's like we need a
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visual model to show us what these bones
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of contention are what are the
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absurdities and what aren't the
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absurdities a chart a graph a doll where
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you could say this is where they
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disagree this is where they don't but
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instead you know we just see how
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politics undermines everything I mean
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oddly politics is the invisible virus
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that's gonna beat us it's not going to
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be the coronavirus because if this keeps
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us from getting the stimulus or the
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relief package for the economy then
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we're all screwed so it's if you know
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what we are asked as as Americans to
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sacrifice we're told to stay in our
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homes and not go to work then they
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should do their effin job they should be
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stopped playing this stupid game and
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match our sacrifice or else they'd
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forgotten us as citizens it is amazing
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one how the whole country can come
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together except politicians in
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Washington DC well I mean in fairness to
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the politicians Jesse keep in mind this
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would be the third phase they've already
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passed one bill they put money more
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money into the federal government's
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healthcare response all the federal
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agencies that deal with healthcare and
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then secondly pass some money to help
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with unemployment to help with paid
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leave and even in some cases to help
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people with their healthcare cost so
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this is a step that's meant in terms of
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the larger economy and in that regard
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the key to my mind is that they should
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be very careful here because what we
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want is to put more money in people's
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pockets because consumer spending is the
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key to our economic recovery down the
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road so you want people to be able to
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pay their bills right they're unemployed
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or whatever that they don't stop paying
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their bills instead what the Democrats
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see and I just want to offer you that
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perspective is they see are like a four
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hundred and twenty five billion dollar
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amount of money that's being given to
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the Federal Reserve that the incumbent
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administration Trump administration the
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Federal Reserve can decide who gets that
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money who doesn't get that money
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Congress would have very little or no
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oversight and they're worried it just
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becomes what they're calling here a
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slush fund for big business and they
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want to make sure that unlike 2008 when
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a lot of people said afterwards oh my
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gosh this was too big to fail we bailed
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out Wall Street again you know Joe
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Manchin today the Senate from West
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Virginia he was on the floor arguing
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with Mitch McConnell the Senate Majority
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Leader said you know we don't have masks
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in West Virginia we don't have gowns we
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don't have ventilators that's what
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should be here rather than your focus on
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Wall Street
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ya dig and I understand some criticism
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you don't want a so-called bailout again
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and it's not the fault of these
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industries that they didn't cause this
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recession you're just kind of giving
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them liquidity so then they can keep
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employees instead of firing them or give
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them access to capital in terms of loans
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so small businesses can stay afloat this
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isn't just Wall Street this is far from
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it these are the companies that all
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Americans work for this is a large swath
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of the US economy that has basically
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been put out of business overnight they
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are suffering no fault of their own
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just like individuals just like the
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people who've been laid off the millions
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of people who've been laid off and to
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correct one that four hundred twenty
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five billion dollars goes to the
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Treasury and acts as a backstop for
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lending at the Federal Reserve which
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would total about four trillion dollars
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that's how you
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leverage that amount of money that's why
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this is critical so while Congress is
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flailing and failing the American people
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and dithering and bickering
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it's the Nerds over at the Fed that
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stepped up today with a whatever it
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takes to rescue this economy we are
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going all in to lending facilities to
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make sure corporations aren't insolvent
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you know what happens if large
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corporations in this country and solve
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it we're talking about the Great
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Depression for the next decade so leave
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it to the Federal Reserve oh and by the
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way just really quickly the Fed is also
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planning to roll out a Main Street
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business lending program that will
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support lending to small and mid-sized
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businesses but they need help from
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Congress to backstop that so where are
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we
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we're staring into the abyss because of
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those losers in Congress yeah and then
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it looks like they had somewhat of a
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deal at some point over the weekend and
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then Nancy Pelosi flies in from
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California and throws the whole thing
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kind of haywire what what do you think
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she was calculating here well I think
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it's it's a pretty stark situation when
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Mitch McConnell would probably rather be
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working with Harry Reid than Chuck
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Schumer at this moment because as you
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know we might remember they did not get
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along so well but at least Harry Reid
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would not have been pushed around by the
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Speaker of the House yeah if you think
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about what happened last weekend Mitch
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McConnell took all sorts of ridiculous
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accusations of him not working through
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the weekend the thing is there wasn't a
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bill that the house had passed for them
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to work on over the weekend and instead
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what you have is them holding things up
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making the stock market go down even
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further and again to it to Diggins point
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and the president said this from the
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beginning this is not the fault of the
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workers they did nothing wrong these are
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these are not people that weren't paying
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their mortgages or if you like with the
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Wall Street banks situation that this is
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nothing like that and the country needs
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to step up big and fast and it's not
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going to be perfect now remember it with
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Wall Street those banks paid back the
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money pretty quickly because the economy
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got back up and running
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we need the
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to be back up and running quickly and
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they need to do it big I think that
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they'll probably get it done by midnight
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tonight wow that would be fantastic
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just in time for the market there might
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be a procedural reason that the
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Democrats have might have screwed this
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up so much that they can't vote until
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Wednesday procedurally but I know that
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they're trying to do it fast
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all right well we'll be covering it here
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and keeping you guys posted
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