Schumer: 'This Is Not a Moment of Celebration but One of Necessity'

By Susan Jones | March 25, 2020 | 7:23am EDT
Senate Minority Leader Chuck Schumer (D-N.Y.) (Photo: Screen capture)
Senate Minority Leader Chuck Schumer (D-N.Y.) (Photo: Screen capture)

( - "After five days of arduous negotiations, after sleep-deprived nights and marathon negotiating sessions, we have a bipartisan agreement on the largest rescue package in American  history," Senate Minority Leader Chuck  Schumer (D-N.Y.) announced in the early hours of Wednesday morning.

"This is not a moment of celebration but one of necessity," Schumer said in a speech on the Senate floor.

Yet Schumer did do some quiet celebrating, saying the Republican bill "has been improved significantly" by Democrat input.

"The bill is much better off than where it started. Democrats have succeeded in making the bill substantially better on many counts," he said.

Schumer mentioned:

-- A "Marshall Plan" for hospitals and medical needs;

-- "Unemployment compensation on steroids." (Every American worker laid off because of government-mandates will have their salary paid by the federal government.)

-- Strict oversight, transparency and accountability of all loans made to corporate America (Trump's properties are not eligible for loans);

-- $150 billion for state and local governments;

-- "Real, real help for small businesses."

In a "Dear Colleague" letter dated March 25, Schumer outlined 19 specific items Democrats injected into the bill, including this one: "Eliminated $3 billion bailout for big oil.)

"So this agreement is really an outstanding agreement," Schumer concluded. "To all Americans, I say, help is on the way. Big help and quick help. We're going to take up and pass this package to care for those who are now caring for us, and help carry millions of Americans through these dark economic times."


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