Richardcyoung.com

  • Home
  • Debbie Young
  • Jimmy Buffett
  • Key West
  • Your Survival Guy
  • How We Are Different
  • Paris
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • Joel Salatin & Alfie Oakes
  • World Gold Mine Production
  • Fidelity & Wellington Since 1971
  • Hillsdale College
  • Babson College
  • Contact Us

Pelosi and Schumer Send Market Plunging by Blocking Coronavirus Bill

March 23, 2020 By The Editors

Sen. Charles Schumer, (D-N.Y) makes opening remarks during a hearing in Washington, D.C., Jan. 20, 2016. (CBP Photo by Glenn Fawcett)

This weekend, Democrats blocked a bill meant to alleviate the suffering of Americans and American businesses. Giancarlo Sopo reports for The Blaze:

In a 47-47 vote, Senate Democrats blocked a critical $2 trillion coronavirus economic relief package on Sunday. The move sent futures markets plummeting by over 5%. According to the Washington Examiner, the Democrats have stalled the plan to pass the bill by Monday and send it to the House for a vote.

President Donald Trump and congressional leaders hoped the measure would send a signal that would help stabilize the stock market and U.S. economy amid fears of recession as economic analysts estimate unemployment levels could hit up to an unprecedented 30% in April-June with GDP contracting by 50%, figures not seen since the Great Depression.

The bill included trillions in aid for working families and small businesses

Democrats blocked a package that includes direct cash payments averaging around $3,000 per family ($1,000 per adult and $500 per child), as well as an expansion of unemployment benefits and over $850 billion in loans to small businesses and industries directly impacted by the deadly pandemic that has brought the U.S. economy to a grinding halt.

As recently as Saturday, Democratic Minority Leader Chuck Schumer (N.Y.) was hailing the measure as bipartisan, but Democrats sang a different tune on Sunday, arguing the relief amounted to a “slush fund” for corporations. Republicans blasted the Democrats for playing politics at the expense of American taxpayers.

“You’d think the nonsense [Bernie Sanders] class warfare rhetoric would take a break for a minute during a pandemic,” a Senate source told RealClearNews. “Corporations employ Americans. This is about keeping their jobs, not corporate executives.”

Related Posts

  • Coronavirus Infects Stock Market
  • Coronavirus Infects Stock Market: XII
  • Coronavirus Infects Stock Market: Part II
  • Coronavirus Infects Stock Market: Part X
  • Author
  • Recent Posts
The Editors
The Editors
The Editors
Latest posts by The Editors (see all)
  • Is There a Case for Defending Taiwan? - May 19, 2025
  • Donald Trump ROASTS Bruce Springsteen - May 19, 2025
  • Russian Black Sea Fleet Decimated - May 6, 2025

Dick Young’s Must Reads

  • Yes, Your Children Are Listening to You
  • Rich States, Poor States this State is Dominant Once Again
  • DEATH SPIRAL: Crime Soars in Democrats’ #DEFUNDTHEPOLICE Cities
  • Gstaad and the Swiss Way
  • The Masters of the Universe Align Themselves with CHINA Using YOUR Money?
  • ENERGY FREEDOM ACT: Ted Cruz Introduces Bill for Energy Independence
  • BLOOD THINNERS: Is a Big Advance Imminent?
  • America’s Silent Army with 423M Guns
  • Your Survival Guy’s 2022 Super States: #1 New Hampshire
  • Paris, The Palace Hotels: Part I

Our Most Popular Posts

  • A Calculated Decision to Keep Silent
  • An American Tragedy
  • Congratulations, You Graduated into Retirement. Now What? #5
  • Retirement #4: How Do You Feel? How Will You Feel?
  • Who Knew about Biden's Health?
  • Middle East Investment Bonanza as Trump Tours Region
  • Donald Trump’s First 100 days
  • Is Trump Divorcing Bibi?
  • A Contemptable Little Twerp
  • PREPARE FOR THE WORST: Poland's Military Overhaul

Compensation was paid to utilize rankings. Click here to read full disclosure.

RSS Youngresearch.com

  • Graduating from Work to Retirement: Get Paid #8
  • Cheapest Memorial Day Fill-Up Since 2003: What’s Fueling the Drop?
  • “One, Big, Beautiful Bill” Advances: Tax Cuts, Energy, and Border Security in Focus
  • Metallurgical Coal Declared a Critical Material for American Steel Production
  • Stable Job Market in Most States
  • Graduation to Retirement: “I Have a Guy” #7
  • Indonesia Urged to Act Fast to Avert Domestic Gas Crisis by 2033
  • Nuclear Power Gets Green Light in Sweden Despite Political Divide
  • Behind the Code: Microsoft Hunts a Global Cyber Threat
  • Congratulations, You’re Retired: Now What? Part 6

RSS Yoursurvivalguy.com

  • Graduating from Work to Retirement: Get Paid #8
  • Investing Habits of the Fairly Wealthy: #9 FTX
  • LVMH’s Arnault Rejects France’s Economic Nationalism
  • Graduation to Retirement: “I Have a Guy” #7
  • Your Retirement Life: Top of the Rock
  • Where Do We Stand with Tariffs?
  • Congratulations, You’re Retired: Now What? Part 6
  • Investing Habits of the Fairly Wealthy: #10 Powerball
  • Is America Poised for Next Gen Nuclear Power?
  • Congratulations, You Graduated into Retirement. Now What? #5

US Treasury Yield Curve: My Favorite Investor Tool

My Key West Garden Office

Your Retirement Life: Traveling the Efficient Frontier

Live a Long Life

Your Survival Guy’s Mt. Rushmore of Investing Legends

“Then One Day the Grandfather was Gone”

Copyright © 2025 | Terms & Conditions | About Us | Dick Young | Archives