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Wall Street Journal Editorial: The Pelosi-Schumer Coronavirus Contagion


03.24.20

WASHINGTON, DC – Speaker Nancy Pelosi is once again choosing to put politics over progress, but this time it’s with a national and global crisis: the COVID-19 outbreak. Among the more than 1,400 pages of the Speaker’s partisan coronavirus relief proposal are measures not even closely related to COVID-19. Now, is not the time to wrap up much-needed aid for American families with a partisan wish list that has nothing to do with efforts to mitigate the coronavirus outbreak.

As E&C GOP Leader Greg Walden (R-OR) said, “Americans are sick. People are hurting. Savings are being wiped out. Small businesses are closing in waves. People are being laid off. Hospitals need resources. Medical professionals need supplies.”

The Wall Street Journal Editorial Board agrees, make sure to read their analysis below.

The Pelosi-Schumer Coronavirus Contagion
The Wall Street Journal Opinion
By: Editorial Board

What a spectacle. Much of America is quarantined at home, the public is so panicked there’s a run on toilet paper, the country desperately wants reassurance, and Nancy Pelosi and Chuck Schumer decide to take a bipartisan rescue bill as a political hostage.

That’s the display of Democratic leadership in a crisis the nation received on Monday as Senate Democrats blocked a $1.8 trillion bill that has urgent money for workers, hospitals, small business and, yes, even larger companies threatened by the forcible shutdown of the U.S. economy. When America most needs bipartisan cooperation, Democrats add to the economic uncertainty by putting their partisan interests above the needs of the country.

Do Democrats even care? It isn’t obvious as they pander to their progressive base to make last-minute demands while blocking the rescue cash. The political chronology is instructive—and depressing about the state of Democratic leadership.

Majority Leader Mitch McConnell last week asked his GOP committee chairs to work with their Democratic counterparts on planks of the complicated legislation. Republicans sought about $850 billion in liquidity for businesses to prevent credit defaults and mass layoffs, and roughly the same amount on Democratic priorities—including enhanced unemployment benefits, direct payments to households, and a surge in medical spending. By Saturday night, Mr. Schumer was expressing “delight and surprise” at the “bipartisan cooperation.”

The “crony capitalist slush fund” line is false and dangerous. Government created this financial panic. Government told Americans to stay home and essentially ordered U.S. commerce to stop. Without revenue, companies can’t pay the bills. Without access to government loans, companies of every size will be forced to lay off employees by the millions.

Who do progressives think that hurts? The “working families” Democrats claim to care about will get the pink slips. Let’s see how inequality spikes if a prolonged recession cuts national output by 10% or more this quarter, or worse if this continues for a few more weeks.

Democratic cynicism was further exposed when Mrs. Pelosi released her 1,100-page bill Monday. House Majority Whip James Clyburn was heard last week advising Democrats to view the crisis as a “tremendous opportunity to restructure things to fit our vision.”

The Pelosi bill follows through by including an ideological wish list that has nothing to do with the coronavirus. There’s a Green New Deal mandate on airlines to offset their “carbon emissions” and publish CO2 emissions for each flight. There’s the House’s failed “election reform”—requiring states to allow early voting, mail-in voting, and same-day voter registration.

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