Democrats have officially killed the Coronavirus relief bill… sending the stock market into another tailspin.
Over the past week, both parties came together to draft a $1.8 trillion rescue package to save the U.S. economy, which has come to a complete standstill as Americans are locked down behind closed doors.
But all that effort was for nothing–after Democratic leaders in the Senate abruptly pulled support for the bill on Sunday, just as it was on the cusp of passing.
Speaker of the House Nancy Pelosi (D-Calif.) has since announced that House Democrats would write their own, partisan bill.
Conservative leaders went nuclear over the Democrats’ gamesmanship–accusing them of, basically, letting the American people suffer because they don’t want President Trump to ratchet up a victory.
Former House Speaker Newt Gingrich fumed: “The lack of shame with which Schumer and Pelosi try to blackmail President Trump, Leader McConnell and leader Mccarthy is breathtaking. Millions of Americans need help–these two Democrats are blocking the help to try to force leftwing policies and money for their interest groups.”
Rep. Denver Riggleman (R-Va.) also took to Twitter to voice his frustration: “It is unbelievable to me that Senate Democrats would refuse to debate a #COVIDー19 relief package and @SpeakerPelosi would walk away from negotiations. During a time of national crisis, our leaders must take decisive action to fight this pandemic.”
Rep. Dan Crenshaw (R-Tex.) demanded that Americans “hold Dems accountable,” writing: “I am not one to make hyperbolic statements. But what Senate Democrats have done is truly awful. This bill was negotiated in good faith. Been monitoring its progress all week. It can save our economy. And they killed it. Out of spite and bitterness. Hold Dems accountable.”
And even the mainstream media threw punches–with the Wall Street Journal Kimberley Strassel taking Democrats to task: “Futures down, on Democratic gamesmanship with Senate bill. To play politics now is height of irresponsibility. Pelosi owns this. Again, Ds were part of the Senate crafting—were on board. Now caving to progressive wing—again. At peril of economy.”
As of 10am Monday morning, the Dow had already plunged 300 points–more than 1.5%–largely due to the Democrats’ actions.