February 17, 2021
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“It’s been very interesting to watch because there was a point in time where you thought well maybe some sensible people would get involved and cut the price tag a bit, they’d make it more targeted,” Rattner said, speaking from a tastefully-lit home art gallery. “But now the political impetus, the political pressure, all seems to be in one direction.”
“There’s nothing really in this bill to fix the fundamental issues of the American economy,” he complained, adding that “there’s nothing in there for infrastructure, there’s nothing in here for climate, and so forth. It’s really simply pouring money at the problem.”
“Only 1 percent of this entire 1.9 trillion-dollar bill is actually going for vaccines, the rest is going for things like checks to individual Americans, and even under the revised house proposal, something like 85 or 88 percent of Americans will get some kind of a stimulus check,” Rattner said. “Not always the full amount, but a significant stimulus check for no particular purpose, when most Americans are still actually doing pretty well. It’s really the ones who have lost their jobs and suffered from this are the ones we should be focusing on.”
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