Biden rips stimulus packages, labels big companies 'greedy'

Biden rips stimulus packages, labels big companies 'greedy'
© Greg Nash

Former Vice President Joe BidenJoe BidenFive examples of media's sycophancy for Biden on inauguration week Drastic measures for drastic times — caregiver need mobile health apps Boycott sham impeachment MORE took aim at the coronavirus stimulus packages in an interview with Politico, calling corporate America “greedy as hell.”

The presumptive Democratic nominee also said the next package should be “a hell of a lot bigger” and include aid to cities and states to avert layoffs of teachers, police officers and firefighters. The most recent package, passed by Congress last week, excluded city and state aid. Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellBiden attends first church service as president in DC, stops at local bagel shop Harry Reid 'not particularly optimistic' Biden will push to eliminate filibuster Senators spar over validity of Trump impeachment trial MORE (R-Ky.) has suggested states should instead be allowed to declare bankruptcy.

Of major banks and corporations, Biden said “this is the second time we’ve bailed their asses out,” saying big banks like Wells Fargo are “only alive because of the American taxpayer.”


Biden contrasted the oversight of the stimulus package signed under then-President Obama in 2009 with oversight of the 2020 CARES Act and criticized President TrumpDonald TrumpMore than two-thirds of Americans approve of Biden's coronavirus response: poll Sarah Huckabee Sanders to run for governor Mexico's president tests positive for COVID-19 MORE’s removal of the Pentagon inspector general who had been named to oversee the CARES Act funds.

In 2009, “I wanted to bring in the toughest son-of-a-bitch in the country—I really mean it, I’m not joking—because we wanted to make sure we did it by the numbers with genuine oversight,” Biden told Politico.

“Right now, there’s no oversight," he added. "[Trump] made it real clear he doesn’t have any damn interest in being checked. The last thing he wants is anyone watching that $500 billion going to corporate America, for God’s sake.”

Biden also pointed to what he said was his frequent contact with governors and mayors throughout the country in 2009 to monitor their spending of the funds. “There’s no coordination. There’s no accountability. Come on, the guy waits to hold up money because he wants to make sure his name is on the checks!” Biden said.

Despite Biden’s criticism of the bills, he refrained from directly criticizing Speaker Nancy PelosiNancy PelosiBiden attends first church service as president in DC, stops at local bagel shop More hands needed on the nuclear football Sunday shows preview: All eyes on Biden administration to tackle coronavirus MORE (D-Calif.) and Senate Minority Leader Chuck SchumerChuck SchumerCapitol insurrection fallout: A PATRIOT Act 2.0? Schumer calls for DOJ watchdog to probe alleged Trump effort to oust acting AG Student loan forgiveness would be windfall for dentists, doctors and lawyers MORE (D-N.Y.).

“They got what they could get,” he told Politico. “I’ve been in too many negotiations to second-guess anybody else’s.”