Political Quotes

“this morning showed why we need the Democratic approach to dealing with unemployment insurance and why the pain that was reported this morning would get even worse under the proposal offered by Senator Johnson. This morning, Americans learned that our economy cratered in the second quarter--essentially, GDP dropped by 9.5 percent from April through June. That translates to a 33-percent annual contraction of the American economy. So what you have with today's analysis is a gross domestic product in free fall. If Republicans slash unemployment benefits with this proposal, the gross domestic product is going to fall faster, and the economy will collapse. Folks, the economists, people who aren't political figures, told us this morning--this is a five-alarm fire. It is the biggest and fastest drop ever recorded, colleagues, wiping out years of economic gains in a matter of weeks. The fact is, when you take the kind of economic hammering that we learned about this morning, and you have the Democratic approach with respect to supercharged unemployment--what we wrote in the Finance Committee, that Secretary Mnuchin signed off on, the $600 per week, which finally included those people who nobody even talked about in the 1920s, gig workers and part-timers and independent contractors--they got a fair shake.…”