Don’t feel alone. Congress isn’t gainfully employed, either.
Thursday that 6.6 million Americans filed for unemployment in the last week. That doubles the previous week’s record of 3.3 million, which itself roughly quadrupled what had been the previous record, set in 1982. The country lost 8.7 million jobs on net during the Great Recession, which until very recently was the worst economic event to happen in most Americans’ lifetimes.
Senate Majority Leader Mitch McConnell, who used the opportunity of the House’s absence in the previous weeks to structure the CARES Act to his liking, has called on House Speaker Nancy Pelosi to “stand down,”“premature” to consider another round of legislation. Speaking to items that Pelosi and the Trump administration have suggested, like infrastructure packages, McConnell said, “we do have to be mindful of how to pay for” them.
With Republicans rediscovering their hostility to spending, what other things besides money are House Democrats hoping to include in that next, “Phase Four” legislation that they hope to pass upon returning to Washington? The problem with the first idea, on SALT, is that it’s a joke, albeit a joke to which many Democratic voters in California and the tri-state area are committed. And a large infrastructure plan isn’t a bad idea. It’s a great idea! But, as my colleague Jordan WeissmannBoth of these ideas are presented within the frame of “stimulus”—getting money into the hands of consumers to jump-start the economy.
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