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These people are pouring in this kind of money because they want to be able to control the outcomes that happen on the congressional level. This is it, plain and simple. You don’t invest that kind of money without expecting a return...They are investing in corporatist-type Democrats because they want a return on their investment.
The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown.
Look, we know this script. In 2008, the last time we had a global financial meltdown, the same kinds of bad ideas for no-strings-attached corporate bailouts carried the day, and regular people around the world paid the price... We know what Trump's plan is: a pandemic shock doctrine featuring all the most dangerous ideas lying around, from privatizing Social Security to locking down borders to caging even more migrants. Hell, he might even try canceling elections. But the end of this story hasn't been written yet.
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Republicans deserve to be called out for getting the ball rolling on the pandemic spending binge. Democrats deserve blame for keeping it going, price tag be damned. They’ve taken the famous line, "Never let a crisis go to waste," to a whole new level, throwing billions of dollars at everything from labor unions to government entities that don’t exist. And with President Joe Biden set to unveil his latest budget on Thursday, you can bet Democrats will continue to push for even more spending that Americans don’t need and can’t afford.
My own belief is that the policy of the present Opposition would lead to national ruin and consequent distress and suffering such as this country has never yet seen and the severity of which is immeasurable. The prospect of this disaster is a national danger, and our object should be to secure a Government with strength and authority to avert it. For this purpose it is essential to support the policy of economy and sound finance... [T]he position of finance and currency is the national danger: that economy and sound finance and the national crisis should be the paramount issue put before the country. If this is done, I have no doubt that the steady, strong sense of the national character can be relied on to save the country.
I am firmly opposed to the government entering into any business the major purpose of which is competition with our citizens... for the Federal Government deliberately to go out to build up and expand... a power and manufacturing business is to break down the initiative and enterprise of the American people; it is the destruction of equality of opportunity amongst our people, it is the negation of the ideals upon which our civilization has been based.
When you look at February's (2011) deficit spending alone, and the fact that it was larger than what our total deficit spending was in 2007, the proposals that the Senate is sending us simply are ridiculous, because it's not even a solution. It doesn't address the amount of spending that we have in a week's time. We need to get serious.
Now, the Democrats have a different plan. The Democrats say that: “If you have health insurance, we’re going to make it better. If you don’t have health insurance, we going to provide it to you. If you can’t afford health insurance, then we’ll help you afford health insurance.” So America gets to decide. Do you want the Democratic plan, or do you want the Republican plan? Remember, the Republican plan: "Don’t get sick. And if you do get sick, die quickly."
What is even more dangerous is to set the cause of internationalism against the claims of freedom and democracy. That is a very dangerous course. What is necessary is that the two claims should be combined, and it is perfectly possible. It is so dangerous to set the cause of Europe against the cause of Parliament, but that is what the Bill does in every contemptible Clause and every pusillanimous subsection. The Bill says that we have to choose between the ideal of entry into Europe on the terms which have been settled by the Government and sustaining our parliamentary freedoms and democratic rights. That is a very dangerous choice.
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