Hi everyone, this is Dr. Nitin Chhoda with Ignition Time.
In this video, I'm going to give you the latest
status of the stimulus negotiations
between the White House,
specifically
US Treasury Secretary Stephen Mnuchin,
who's representing the President
and the Democrats led
by House Speaker Nancy Pelosi.
Yesterday when Steven Mnuchin was
talking to several lawmakers.
He basically promised to call
House Speaker Nancy Pelosi right after
that discussion with the lawmakers.
As it turns out,
he did call House Speaker Mnuchin.
They did have a conversation.
In fact, they spoke on the phone
for 36 minutes.
And here is what happened during those
36 minutes, including a statement
from House Speaker Nancy Pelosi that will
link I will provide you with a link
to that statement in the
description section below.
So definitely make sure you check out
House Speaker Nancy Pelosi's statement,
which was a direct result
of the 36 minute call.
Here's what happened in his
testimony yesterday.
Steven Mnuchin said that he would
speak with House Speaker Pelosi.
Like I said, he did call her.
And this is what
House Speaker Pelosi had to say.
Sadly, this phone call made clear
that Democrats and the White House
continue to have serious differences,
understanding the gravity of the situation
that America's working
families are facing.
So I do think that it's important
to listen to both sides of the story.
That's what this channel is about.
For me, it's not about the red or the blue.
It's about the red, white and blue.
Let's take a closer look
at Speaker Pelosi's position,
because she did say some new things today
that we have not heard before in terms
of the House Democrats position when
negotiating with the Republicans.
Now, it's very clear that the Republicans
are making overtures to Speaker Pelosi
to try and come to some sort
of a consensus, because that is
a bill that's created by the Senate.
They're talking about a skinny bill,
a targeted bill that's that's going to be
a waste of time unless the House debates
it, unless the House also votes on it,
because both chambers have
to come to a consensus.
Both chambers have to vote in order
for a bill to be signed by the President
and for that to become law.
So that's where things stand right now.
And this is what
House Speaker Pelosi said.
Some interesting new new comments from her
that give us more clarity to the Democrats
position as to the current
status of the negotiations.
Here's what Speaker Pelosi said.
Again, I would provide you with a link
to this entire statement
in the description section below.
She said today in a conversation
with Secretary,
Mnuchin expressed the concern
of Democrats about the serious questions
that remain in our negotiations about
a pandemic relief package specifically.
And she she mentioned
three points specifically.
#1, does the White House think that America's
working families are not worth
the investment needed to defeat this
pandemic and the accompanying
economic crisis?
Or would they rather
spend money another way?
#2, economists,
the chairman of the Federal Reserve
and others have urged Congress to invest
robustly in the American people now
because interest rates are low
and our economy needs certainty.
This part is true.
A lot of economists
are talking about the need for more
stimulus, including US Treasury Secretary Steven
Mnuchin, who represents the President
he's a US Treasury secretary.
All seem to agree that a dollar spent now
is a better dollar than
one spent down the road.
That is why I'm concerned about
the secretary saying, let's do
a little now and a little later.
Besides, Mitch McConnell said
that that is only going to be one bill.
This is important.
Let's forget about the top line number
for a second, because we've been talking
about they were at one trillion.
The administration, they came
to one point three trillion.
The Democrats got a three
point four trillion.
They came down to two point four.
They came down to two point two,
then nine hundred billion apart.
Let's forget about the topline
number for a second.
The other aspect of contention here is,
should it be a big comprehensive bill?
And it looks like
Senate Majority Leader Mitch McConnell
said there's only going to be
one bill and then we're done.
Or should there be a piecemeal approach
by definition of the Senate majority
leader has said that there's going to be
only one bill, which he has said he has
said that then the piecemeal
approach makes no sense.
So in that sense,
Steven Mnuchin and Mitch McConnell
are contradicting each other.
And Speaker Pelosi's right to call them
out in this aspect because this is a fact.
So I'm specifically talking about
a piecemeal approach,
which is a full, comprehensive bill.
I'm not talking about the ideological
differences, the political differences,
the funding for the states,
the toplane dollar amount.
OK, so so this isn't about
that partisan agreement.
This is about a factual agreement.
You know, if you're if you need to make
a pie and you only get one chance to make
that pie, you make the whole pie.
Or do you say we're going to make a piece
now and we're going to come back
and make another piece later?
Well, that may not be another
opportunity to make another piece.
This is very important
for my view as an subscriber's.
One of the unique things about our agenda
as we take a very balanced approach.
It's a bipartisan approach.
What's best for the people?
I believe that those who need
help the most should get it.
This is a factual reality.
Again, you know, if you're if you're going
to if you have one chance to make a pizza,
you make the whole pizza and you say,
I'm just going to make one slice
and come back and make the slices.
Just something to think about.
And Speaker Pelosi does
indeed have a point.
What she's trying to say is that, hey,
if we do a piecemeal approach,
there may never be another chance to come
back and get the funding
that we are advocating for.
And the House and the Senate
need to come to an agreement.
If the House is not getting
what they want, we're stuck.
Guess what?
That's where we are now.
And number three, what Speaker Pelosi said
is scientists, researchers and public
health experts
tell us that robust investments in testing
and treatment are essential
in defeating the pandemic.
Yet the White House has refused
to support the funding that is required.
These are words from
House Speaker Nancy Pelosi.
The White House has also demonstrated
a defiance of science in its attitude
towards approval of vaccines and its
contempt for scientific recommendations
on social distancing and masquerading
in order to open up our economy
and our schools safely.
President Trump had had essentially
an event at the White House, which had
fifteen hundred people, and most
of them were not wearing masks.
That is what House Speaker Pelosi
is referring to.
And she said, sadly,
this phone call made clear that Democrats
in the White House continue to have
serious differences,
understanding the gravity of the situation
that America's working
families are facing.
House and Senate Democrats have
repeatedly offered to compromise.
Over a month ago, we said that we would be
willing to cut a trillion dollars
from the Heroes Act of the White House.
With that one trillion to the Senate bill
last week, we said we would be willing
to go down to two point two trillion
in our conversation,
added rated the hope that Republicans will
come to the table and work with Democrats
to save the lives and the livelihood
of the American people.
That is the position
of House Speaker Nancy Pelosi.
I want to know from my viewers
and subscribers, what do you think
of House Speaker Nancy Pelosi's position?
Remember, in any situation,
there are two sides to every argument
we heard we heard yesterday
Steven Mnuchin position, including
him and him and the president agreeing
that there needed to be support.
And then we can listen
to House Speaker Nancy Pelosi's position.
And I want you to calmly listen to both
sides and come to a
conclusion on your own.
Speaker Pelosi makes some valid points
and the and the US Treasury Secretary,
Steven Mnuchin,
also makes some valid points.
The question is not who is
right and who is wrong.
That is always the wrong question to ask.
I've talked about this elsewhere
on my channel,
part of being successful in life.
And by the way,
this has helped me and this is this has
allowed me to have a rags-to-riches story.
Part of being successful is understanding
that there is no black and white
in a situation, the human brain,
because it needs simplicity
once to just classify something as right
and classify something else as wrong.
This is either right or wrong.
Nancy Pelosi's bad Steven Mnuchin some.
There have been some comments
that he looks like a robot.
I mean, let's not go there.
Manoogian is
is the US Treasury secretary.
Nancy Pelosi is the House speaker.
They are important people.
In fact, I would go so far as to say
that the US Treasury secretary was
the architect of the Carers Act because he
coordinated closely with House
Speaker Pelosi to give us the Kazakh.
Let's not forget that.
Let's not forget that when we come
together as a country,
when there is partisanship,
when excuse me,
when that is bipartisanship,
when there is no partisanship, because
right now there's too much partisanship.
But when there's bipartisanship,
we get a lot done.
We know that is that is how
the system is intended to work.
So the question here is not
who's right and who's wrong.
The question is how can we
take the best approaches?
From the Republicans and the best
approaches from the Democrats merge them
into a philosophy that both sides
can agree to not waste any more time
and get it done.
That's what we need as a country.
That's what we need is a people.
I want you in the comments section below.
If you want to help this situation,
I want you in the comment
section below to do two things.
One comment and let us know what
you feel about this gridlock.
What do you feel is the right outcome?
Let's focus on solutions as opposed
to blaming and pointing fingers.
Let's focus on the right solution,
the right outcome.
That's step one.
Step two, you can actually call your local
lawmaker or call your senator and tell
them how you think we should break this
gridlock, because each
one of us has a voice.
So make sure you exercise that voice.
That's very, very important.
I appreciate you all for watching.
My name is Dr.
Nitin Chhoda with Ignition Time.
I have the fortune, the honor, the
privilege of living the American dream.
And I want to help you
reach your American dream.
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I'll talk to you soon.
Bye.
