Prominent Republicans such as Sen. Rick Scott and Rep. Matt Gaetz, both of Florida, said they oppose corporate bailouts. Hotel industry representatives met with Trump and Vice President Pence at the White House and warned of a “catastrophic” toll. When the banks that were saved in 2008 paid out $140 billion in executive bonuses in 2009, voters on both sides erupted. Today, Democrats — who lost the House in 2010 amid a conservative rebellion over bailouts — demand strict conditions on aid. On a conference call with party members, Schumer highlighted the industry bailouts as an opportunity to secure increased spending on programs such as Medicaid and unemployment insurance.

Source: Washington Post March 18, 2020 12:48 UTC