Did Senate self-interest delay the Stimulus package?
Photo Credit: wsj.com
It's no secret that the unprecedented effects of COVID-19 has left the U.S economy in its worst shape since the recession of 2008. With the each passing day and even hour, thousands of businesses are closing, millions of Americans face layoffs, and the cases of coronavirus seem to multiply exponentially as the days progress. So for one to say that a legislative solution is desperately needed, would be an understatement of gross proportions in the scope of urgency. The citizens of the United States and the economy of the United States indefinitely depend upon it. With the urgency and the need of a solution growing day-by-day, many Americans are asking: "Why is it taking the Senate so long?"
With the largest economic rescue package in American history being passed this week, we can't help but to ask: What caused the bill to be delayed in the midst of crippling economic crisis?
The simplest answer: Special Interests
In the midst of our current economic crisis, Congress still found a way to include some old-fashioned home state favors and reward special interests whilst deliberations were taking place in regards to the new stimulus bill. Senators such as Senate Minority Lead Mitch McConnell (R-Kentucky), Sen. Patrick Leahy (D-Vermont), Sen. Sherrod Brown (D-Ohio), Sen. Brian Schatz (D-Hawaii), Sen. John than (R-South Dakota) and Sen. Mark Warner (D-Virginia) all seized the opportunity to make sure that their lobbyists and special interest committees were taken care of during the critical period of getting this legislation to pass. No question these inclusions and amendments were indeed time consuming and it was time spent at the expense of the crippled U.S economy and the struggling American citizens.
The Bill has indeed been approved and looks to be on the Oval Office desk and signed into law by President Trump by the weekend. The 880-page bill that emerged did not give everyone everything they desired, but it does include provisions plucked from the wish lists of Aerospace giant Boeing Co., who could walk out with over $500-Billion in funds made available to it, as well as the over the counter pharmaceutical companies, hotels, casinos, restaurants and many other industry leaders looking for a bailout. Nonetheless, the Bill has passed its most critical stage and looks to be approved by the House on Friday, and in the hands of the Executive branch by the weekend. Making this one small step for Senators and one large step in the comeback of the American economy.