Joe Biden is the expected presidential nominee for the Democratic party and as you might have already heard, he is looking to craft another stimulus bill. In fact, he wants an even larger stimulus bill that will assist states and cities with all of the expenses that have begun to pile up.
Biden hopes to assist states and cities so that they are not forced to lay off any truly essential personnel. Firefighters, police officers and teachers are among the workers that he is considering. He also wants to assist small businesses. If we did not know any better, we would say that he is taking a page from the Bernie Sanders playbook.
He also took the time to unload on the larger banks and businesses that have already taken bailout payments. The Trump administration stands accused of using the stimulus payments to benefit themselves. 26 million Americans have been forced to fire for unemployment and Biden worries that their jobs may be gone for good.
While Biden may be saying all of the right things that the leftists want to hear now, we did not forget about his past voting record. This man wants us to have the memory of a goldfish. Did you know that he actually voted in favor of the bank bailout that took place during the 2008 recession? This is a fact that he would rather bury.
Now that he is forced to pander to those who were looking to vote for Bernie Sanders or Elizabeth Warren, his tune is changing. He wants this audience to think that he actually cares about the little guy. Meanwhile, anyone who has been paying even a modicum of attention to the Democratic party over the past few decades already knows the truth about their real intentions.
Democratic hucksters like Biden say whatever they have to in order to get votes. They view themselves as being above the normal criticisms that are levied against leftist candidates. Lawsuits have been filed against larger banks (such as Wells Fargo), which are fueling the comments being made by Biden.
Attorneys are claiming that small businesses were deprived of Paycheck Protection Program money. There is no proof of this assessment but it is easy enough to convince certain voters that these types of events have taken place. They simply aren’t inclined to look into the facts of the matter.
All Biden needs to do in these instances is vaguely gesture in the direction of the lawsuit. Maybe the larger banks will leak documents that offer some background on these allegations? This is clearly where Biden’s hopes lie. Shake Shack and Ruth’s Chris have returned their federal bailout money and this lends some credence to the Biden theory.
Biden repeatedly unloaded on big business and big banks, noting that “this is the second time we’ve bailed their asses out,” accusing the Trump administration of managing the stimulus for their benefit. He railed about banks like Wells Fargo that are “only alive because of the American taxpayer” giving their large corporate clients the first shot at CARES Act aid intended for small businesses. Over the last month, 26 million Americans have lost their jobs, and Biden said many of those jobs could be gone for good if mom-and-pop operations get left behind.
“We knew from the beginning that the big banks don’t like lending to small businesses,” Biden said. “I’m telling you, though, if Main Street businesses don’t get help, they’re gone.”
There is also a grain of truth to the idea that teachers and firefighters need help. Massive budget deficits are imminent in a number of major cities. Unfortunately, Biden is not telling the American people about the coronavirus aid packages that have already been sent to these locations. He is not asking the right questions about these aid packages.
Are municipalities using these monies to assist their most vulnerable workers? Has the government provided too much money? Are they promoting wasteful spending? From the looks of it, Biden has decided to favor anyone who is willing to promote his Green New Deal.
Biden suggested that after four rounds of legislation designed primarily to stanch the economic bleeding, the next round should include more forward-looking investments that could help the economy start to recover and grow once the virus is contained. He suggested a “trillion-dollar infrastructure program that can be implemented really rapidly,” as well as “dealing with environmental things that create good-paying jobs.”
Trump and Senate Majority Leader Mitch McConnell have suggested that “green stimulus” would be a non-starter with Republicans, but Biden said investments in light rail, clean drinking water, and half a million electric vehicle chargers on the nation’s highways could help retool the economy for the future.
This is some world class pandering from Biden. He is calling for “forward thinking investments” that focus on “good paying jobs” that deal with “environmental things”. Some might be fooled by his empty rhetoric but the rest of us are not going to be so quick to buy into it. Senate Majority Leader Mitch McConnell has already spoken out against this plan. Republicans would not be willing to offer their support.
The economy of the future is not going to be driven by these sorts of plans. It will be driven by the consumer decisions that are being made by the American public. Biden wants to rig the system in his favor but no one is going to go along with that. Even the leftists have started to regard Biden with a healthy amount of skepticism.
The Republicans deserve plenty of blame for the wasteful spending that is taking place as well. Coronavirus related spending has already cracked the $3 trillion mark and more expenditures are sure to come. So much for “draining the swamp” and decreasing government spending, right? The halls of government will be filled with frivolous spending for the foreseeable future, on both sides of the aisle.