Toomey: The economy is “going backwards”, another stimulus package would be “inadequate”

His. Pat ToomeyPatrick (Pat) Joseph Toomey The government used the Patriot Act to gather records of website visitors in 2019 The appeals court rules that mass collection of illegal NSA phone data Dunford withdraws from consideration to chair the MORE coronavirus monitoring panel (R-Pa.) On Sunday he announced the strength of the U.S. economy and said a new stimulus package would be “inappropriate,” as Congress approved a bipartisan aid package in December.

Talking to the host Jake TapperJacob (Jake) Paul Tapper Without Trump, the “comedy” of the night becomes even more unbearable, CNN’s Gupta, “stunned,” Cuomo said he doesn’t trust health experts. Officials are preparing for the second trial of Trump’s dismissal MORE in CNN’s “State of the Union,” the retired Republican senator explained that he believed even the $ 600 billion counter-offer made by Republicans in the White House a week ago was too expensive.

“The economy has shrunk. Disposable income is at record levels,” Toomey said. “It’s not a collapsing economy, as it was in March.”

Asked about the 10 Senate Republicans who met with President Biden in the White House to discuss his own plan to approve more COVID-19 aid, including an extension to unemployment insurance, Toomey said, ” disagrees[s] with them “on whether Congress should act to approve more funding.

“I can’t stand this, I think it’s completely inappropriate,” Toomey said of the $ 600 billion GOP plan.

According to reports, President Biden told GOP senators after last week’s meeting that his framework for a COVID-19 relief bill was too narrow and Democrats have indicated they plan to move forward. and approve Biden’s $ 1.9 trillion COVID-19 relief package without GOP votes. budget conciliation process.

In January, Toomey stated that Biden’s stimulus plan “would likely slow down the recovery of employment,” a warning that was rejected on Sunday by Biden’s Treasury Secretary. Janet YellenJanet Louise Yellen Sunday shows the preview: the budget resolution paves the way for a .9 trillion stimulus; Senate prepares for impeachment trial More than 200 Obama officials sign letter backing Biden stimulus plan Biden economic adviser calls Summers “bad plan” with comments on inflation MORE.

“We need a big package and we need to do it quickly,” Yellen told CNN, adding, “I would expect that if this package were approved, we would be back to full employment next year.”

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