Political Quotes

“Now on COVID, Madam President, quickly, this Chamber must also consider additional relief for the American economy and the American people suffering from the prolonged effects of COVID-19. Congress must pursue a bold and robust course of action to defeat the disease, recover our economy, and get our country back to normal. Again, our country requires bold and robust action. A trio of economic news items this week has underlined the glaring needs in the country. First, the Federal Reserve issued a sobering warning yesterday that the pace of economic recovery is weakening, and as a result, they decided to leave interest rates low. Second, the unemployment report this morning reminded us that jobless claims are still extremely high--at or near 1 million per week. That is a lot larger than usual. Third and maybe most astoundingly, most striking, the Bureau of Economic Analysis this morning revealed that last year, the economy shrank by 3.5 percent--the worst year for economic growth since World War II and the first time our economy has contracted since the great recession. Given these economic numbers, the need to act big and bold is urgent. Given the fact that the GDP sunk by 3.5 percent last year, we need recovery and rescue quickly. Everywhere you look, alarm bells are ringing--mortgage deferrals are increasing, businesses are still closing, schools are closed in many States, restaurants and bars and travel are in crisis.…”