What a deal for Democrats: They get to hold the economy for ransom, and the media blithely cover for them.
On Thursday, Senate Democrats nixed a simple but urgent request to boost cash in the emergency small business loan program Congress set up this month from $350 billion to $600 billion.
Treasury Secretary Steve Mnuchin requested the cash because funds are running low, just weeks after the program launched.
Rather than comply, Democrats issued demands: They insisted the new money include $60 billion for “community-based lenders” that serve minorities, women, nonprofits and other groups. And the bill also had to OK an immediate $250 billion for cities, states, hospitals, food stamps and other needs.
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