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COMMENTARY OF THE DAY
By
Robert Namer
Voice Of America
©2020 All rights reserved
August 06, 2020

     Pelosi has lost her mind. House Speaker Nancy Pelosi said Tuesday that she still wants a sweeping stimulus deal this week -- but she made it clear she is not budging on the price tag put forward by House Democrats, reflecting how far apart the two sides are despite days of talks. Asked if she has an idea on the price tag she's willing to settle for, Pelosi told CNN bluntly: "Yeah, $3.4 trillion."

     That foolish price tag has been rejected by Senate Majority Leader Mitch McConnell, who last week put forward the Senate GOP plan that would cost roughly $1 trillion and has attacked House Democrats' $3 trillion-plus bill that passed their chamber more than two months ago. And even some centrist House and Senate Democrats are squeamish about backing such an eye-popping price tag proposed by the speaker.

     Pelosi, Senate Minority Leader Chuck Schumer, Treasury Secretary Steven Mnuchin and White House chief of staff Mark Meadows have already met six times behind closed doors -- and are not near an agreement on range of issues, including expiring jobless benefits and extending the expired federal eviction moratorium, according to both sides. At the seventh meeting on Tuesday, which lasted about an hour-and-a-half, the two sides agreed to see if they can cut a deal by the end of the week -- as the Trump administration proposed extending the eviction moratorium until year's end.

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