U.S. House Republican says Democrats' COVID-19 bill would harm market

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U.S. House of Representatives Republican leader Kevin McCarthy said on Friday that Democratic legislation on coronavirus relief would undermine the stock market, if enacted into law.

“If we went forward with what the Democrats asked for in that $3 trillion? I believe the market would drop hard because it would put greater debt on all taxpayers,” McCarthy told CNBC.

The Democratic-led House approved coronavirus legislation in May worth more than $3 trillion but have since offered to reduce the sum by $1 trillion to get a deal with the White House and Republicans. White House negotiators have rejected the offer.

 

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I believe that Mcarthy has no idea on how the stock market works because if he did , it wouldn't have said that the Joe Biden covid 19 plan will Hurt the market. The problem with people like him is that they don't care how many people die daily but that his shares portfolio n

It seems some spineless republicans will tell any lie to suck up to Trump.

HE KILLS

How about the people?

Wait until they see what the GeneralStrike does.

I wouldn't worry about that mr representative! While 15 million americans are unemployed and the rest of us don't know where our next roll of toilet is coming from or when we're going to get to see our parents again, the stock market is setting new records highs.

Because human lives don’t mean anything to the ProLife crowd

Fuck the market. The people need help, they don't have any stocks !

Same excuse they used for not having a national response to the pandemic. Money more important to them than people and the future of this country.

So does rampant illness and death.

The poor suffer the most and no one cares about the poor. Garbage government. Garbage president

No as much as the national labor strike that will result if Trump steals the election.

I’m no economist, but isn’t it worse for the market to come to a screeching halt because there is no consumer spending?

It's news because it's so ridiculous.

Markets over human lives - Republicans.

This is a good time to remind everybody that Kevin McCarthy was bypassed to be speaker for Paul Ryan because the Republican caucus called him one of the dumbest Congresspeople in the House ...

The stock market verses hundreds of thousands of deaths? Ok

'The market' is a politically correct euphemism for 'the interests of concentrated capital.'

But would it help the American people? That's who/what matters!!!! Get a clue Washington.

More than hundreds of thousands of dead americans with 0 purchasing power would?

Who gives a fuck when there are Americans out of work and starving? The people should be the focus not the damn stock market. These ghouls are so out of touch.

Fuck the market. The market isn't people, and the market isn't the economy.

democrats wants america go broke !!

Sorry, Kremlin Kev, allowing the economy to collapse would be even worse for the market.

GOPLeader McCarthy suffers from two salient vices. He venal and he’s stupid. Both are on clear display here. It’s dangerous to the Republic.

Oh. Because he thinks it's a better idea to have over 40 million (and climbing) jobless Americans get evicted, overwhelm food banks and tank the real economy because consumer spending will plummet. MarkMeadows GOPLeader stevenmnuchin1 larry_kudlow BidenHarris2020 voteblue

BREAKING: Stocks soar on news despondent Americans plan to throw themselves off nearest bridge.

How? Isn’t the government pumping billions in the market anyway? I specifically read, government now controls stock market. But the average person gets no relief? I hate these people.

The quiet part out loud. Wall Street over Main Street.

of people who died of coronavirus in the last 24 hours is 1500. And the GOPLeader Kevin McCarthy's first concern this morning is stock market. Under Trump, Republican party doesn't care for you whether you are a Republican or a Democrat. It only cares about the stock market

Every LIE hurts the whole world. | ===== a person has no hart! ===== |

Oh Kevin...you are such a disappointment... you swore to uphold OUR Constitution... what happened to you

GOP looking after their constituents: billionaires and the companies they own.

The market is already fucked

Kind of like keeping the states locked down would harm the market? Rushing to open things up worked out great, huh?

So then...given a choice between 'harming the market' or harming and killing actual citizens...

because that's priority right now

Well the American ppl...KNOW..tht the gop corona virus plan kills Americans.

Maybe if I wish really, really hard one day I can become a corporation and finally have rights.

Kevin McCarthy says a lot of things.

Can't have that. Must never prioritize people over money.

Disgraceful

harm market ? the hell we are dying the market is gonna be harmed when we are dead and can't buy stuff

Good - it needs harming - it has become totally detached from reality and the average person's position thanks to the FED criminals and the political elite class looking after their own interests

Not getting any extra unemployment benefits sure will hurt the market the longer these ass clowns drag their feet. Folks can’t wait until November to start getting the additional payments.

Fuck that fucking market. Jesus Christ.

Oh no, the precious stock market. 40 million people out of work and it's reaching record highs. Wall Street and Main Street are out of sync.

While the republican bill will harm the people

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