Grind for March 9th
“The bad news is time flies. The good news is you’re the pilot.” – Michael Altshuler
Democrats Block McConnell’s Bid For Emergency Funds
Senate Democrats blocked an emergency measure designed to inject an additional $250 billion into a swiftly depleting fund to bolster Americans small businesses Thursday, telling Senate Majority Leader Mitch McConnell (R-KY) that they want “add-ons to help businesses in disadvantaged communities and additional funding for states and hospitals” in addition to the extra funding.
Originally, an emergency coronavirus relief measure, negotiated by the Senate, featured a $350 billion fund for small businesses, but demand has far exceeded supply, leaving Republicans begging Democrats to help pass an emergency cash infusion to save American entrepreneurs.
The measure is designed to expand the Paycheck Protection Act, which “helps businesses with under 500 employees apply for loans up to cover eight weeks of their payroll, benefit and rent expenses. The loans will be converted to grants and fully forgiven if 75% of the loan is used to keep employees on the payroll,” per Fox News.
The program is “on track to be depleted” by the end of this month. Read more…
AOC Faces Well-Financed Challenger in June Democratic Primary
Is it time for AOC to make way for MCC in the Battle Royale of Dueling Hyphenated Congresscritters?
CNBC anchor Michelle Caruso-Cabrera filed to run against sitting Democratic Congresscritter and onetime bartender Alexandria Ocasio-Cortez back in February, and will soon report to the Federal Election Commission just how well-heeled her campaign really is. A New York Post story claims that Caruso-Cabrera “will report having $800,00 in cash on hand – minus expenses paid” when she files with the FEC later this month. It’s safe to conclude that with more than two months to go before the primary vote, Caruso-Cabrera is already a million-dollar candidate.
Word broke yesterday that the U.S. Chamber of Commerce is reportedly planning to endorse Caruso-Cabrera, probably because they don’t want to be the first with their backs up against the wall after AOC’s glorious people’s revolution. Scott Reed, senior political strategist at the U.S. Chamber of Commerce, said, “Michelle is one of the most qualified and competent candidates we have met with this cycle.” He’s pledged to use the Chamber’s considerable networking heft to keep the donations flowing into MCC’s coffer. Caruso-Cabrera presents herself as a moderate, pro-business Democrat in the Clinton (Bill, not Hill) mold.
That’s not to say that Caruso-Cabrera is suddenly a shoo-in to unseat the socialist first-term progressive favorite. As of January 1 of this year, AOC had $2,901,701 cash on hand according to her FEC statement. Read more…
GOOD TO THE LAST DROP:
Did you know… Tropical rain forests are a habitat for 80% of the World’s insect species.