Biden rips stimulus packages, labels big companies 'greedy'

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

Former Vice President Joe BidenJoe BidenLifting our voices — and votes Longtime Democratic pollster: Warren 'obvious solution' for Biden's VP pick Biden will help close out Texas Democrats' virtual convention: report 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 McConnellMcConnell urges people to wear masks: 'There's no stigma' Frustration builds in key committee ahead of Graham subpoena vote  Lack of child care poses major hurdle as businesses reopen 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 John TrumpTrump marks 'very sad milestone' of 100K coronavirus deaths DOJ: George Floyd death investigation a 'top priority' Lifting our voices — and votes 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 PelosiHouse cancels planned Thursday vote on FISA The Hill's Morning Report - Presented by Facebook - US virus deaths exceed 100,000; Pelosi pulls FISA bill Pelosi pulls vote on FISA bill after Trump veto threat MORE (D-Calif.) and Senate Minority Leader Chuck SchumerCharles (Chuck) Ellis SchumerLawmakers introduce bill to invest 0 billion in science, tech research The Democrats' out-party advantage in 2020 Democratic leaders say Trump testing strategy is 'to deny the truth' about lack of supplies 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.”