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coronavirus mask for sale, Pelosi wanted an update, having not heard from the Treasury Secretary for several days. Pelosi later said the reason Paulson hadn’t briefed Congressional leaders “was because they did not want us to know” how bad things were as the global economy clutched the ledge by its fingernails. When Pelosi reached Paulson in the mid-afternoon, she suggested they meet the next morning. But that wouldn’t work for Paulson. “Madam Speaker, tomorrow morning will be too late,” Paulson told the Speaker.
coronavirus mask for sale - “Then why am I calling you?” asked an incredulous Pelosi. The Speaker later recounted that Paulson impressed upon her that if they didn’t huddle that evening, “we wouldn’t have an economy by Monday.” By nightfall, Paulson, Federal Reserve Chairman Ben Bernanke and Securities and Exchange Commission Chairman Chris Cox arrived at the Capitol for a rare, evening meeting with the Speaker. Other top, bipartisan Congressional leaders and almost two dozen committee and subcommittee chairs, along with ranking minority members, crammed into the Speaker’s conference room. Paulson told the assembly he needed several hundred billion dollars “urgently” to stave off a financial collapse not seen since 1929. Bernanke told lawmakers that GM could tank. The market could crater by 30 percent. Unemployment could skyrocket.
coronavirus mask for sale, Lawmakers are loquacious. They can barely contain the logorrhea when things are going well. But after 90 minutes of the worst possible news since 9/11, the lawmakers emptied out, unwilling to say much of anything. You could tell the members were processing things. Digesting things. Wrapping their heads around the consequences of what Messrs. Paulson, Bernanke and Cox told them behind closed doors. But, there was fear. The facial complexions of lawmakers weren’t flushed. Their voices didn’t crack. They didn’t tremble when they ambled back to the House and Senate wings of the Capitol, pursued by a throng of reporters through the Rotunda. They simply spoke in hushed voices. They stared at their shoes as they walked across the marble floors. And when they did look up, you saw it. Right in their eyes.
coronavirus mask for sale - Fear. MARIA BARTIROMO: CORONAVIRUS CAUSING STOCKS TO FALL DUE TO US COMPANIES' DEPENDENCE ON CHINA The lawmakers didn’t know if Paulson’s plan would work. They didn’t know how they would even pass it. The measure ultimately failed once in the House, gutting 777 points off the Dow – then, the biggest single-day point drop in history. Lawmakers didn’t know what to do. And that’s why they were afraid. They couldn’t control the financial meltdown. They couldn’t control the markets. They couldn’t control unemployment.
coronavirus mask for sale - Politicians are used to being in control. And that’s why, when they glanced up from their shoelaces, there was fear. We’ve not detected fear, per se, on Capitol Hill amid the coronavirus outbreak. But lawmakers know coronavirus isn’t something they can fully control. They can only respond – and hope they respond in the best way possible with money and resources. On Monday night, Senate Appropriations Committee Chairman Richard Shelby (R-AL), in charge of deciding what money the government should spend to combat coronavirus, spoke in stark terms.