Senate GOP Staff Account for the COVID-19 Congressional Oversight Commission. TANSTAAFL
Joined October 2020
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23 Dec 2020
New from @GeorgeWill: "If you believe, sensibly, that Congress’s diminished...role in governance is regrettable, you should regret that Sen. Patrick J. Toomey is leaving the Senate in 2022... Last week, the PA Republican showed why he will be missed..." washingtonpost.com/opinions/…
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Congressional Oversight Commission - GOP retweeted
19 Dec 2020
Joe Biden and Chuck Schumer are blocking COVID relief because they want a slush fund for their political cronies. And they’re lying about Pat Toomey. The “Toomey language” is in fact the position of the Republican Senate Conference.
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18 Dec 2020
This is fake news.
17 Dec 2020
1/2 Aside from the short term consequences, what Toomey is trying to do here risks gutting the whole Fed authority to act in any future emergencies, not just this one.
I hope (and I’m sure) that Powell will strongly oppose this idea when conferring with Wyden and other Dems.
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17 Dec 2020
When was the DNC hired as Politico's headline writer?
17 Dec 2020
Toomey is leading a GOP push to curtail the Fed’s emergency powers in the economic relief deal. The language would prevent any Treasury $$ from being used to resume Fed loan programs for midsized companies and for states & cities, set to end this month.
politico.com/news/2020/12/17…
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Congressional Oversight Commission - GOP retweeted
17 Dec 2020
This tweet is garbage. The push to ensure that these facilities shut down at the end of the year - per the LAW (CARES Act) and congressional intent - began in the late summer, well before we knew who the president would be. There is a paper trail proving this.
17 Dec 2020
A GOP senator is pushing to include language in the relief bill that would explicitly terminate the Fed's emergency lending program by the end of the year, which would limit the Biden administration’s flexibility in addressing the economic crisis trib.al/nOLjWzq
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3 Dec 2020
Reminder, @MTA spent $7 billion on questionable overtime expenses since 2014. They got a $4 billion bailout in CARES, special below market rate govt loans, and they still want MORE taxpayer money.
justice.gov/usao-sdny/pr/5-c…
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Congressional Oversight Commission - GOP retweeted
22 Nov 2020
Read my statement on today’s Pennsylvania federal court decision, and congratulating President-Elect Biden: toomey.senate.gov/newsroom/p…
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21 Nov 2020
Democracy dies in the darkness, which is agreeable with @PostOpinions, because in its place rises governance by “expert.” How else to explain their indifference to how the law treats *half a trillion* dollars in money belonging to taxpayers?
washingtonpost.com/opinions/…
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21 Nov 2020
In our republic, fiscal policy is the province of officials elected by, and accountable to, the voters.
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21 Nov 2020
“If the need arises for new extraordinary lending programs at the Fed, it’s up to Congress to authorize those programs where appropriate.”
republicanleader.house.gov/l…
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Congressional Oversight Commission - GOP retweeted
20 Nov 2020
The work Chairman Powell and Secretary Mnuchin did standing these facilities up – under extraordinary circumstances – was enormously successful in stabilizing and normalizing credit markets. Their work has led to record levels of credit availability across the economy.
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Congressional Oversight Commission - GOP retweeted
20 Nov 2020
I appreciate Federal Reserve Chairman Jerome Powell agreeing to return unused CARES Act funds as part of the statutorily prescribed wind down of the emergency lending facilities.
20 Nov 2020
Letter from Chair Powell to Secretary Mnuchin regarding emergency lending facilities (PDF): go.usa.gov/x7vCx
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20 Nov 2020
Props to @federalreserve Chair Powell for returning unused CARES Act money by the end of the year as Congress intended and @stevenmnuchin1 requested. Markets don’t need a permanent govt guarantee.
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20 Nov 2020
“You have indicated that the limits on your authority do not permit the CARES Act facilities to make new loans or purchase new assets after December 31...”
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