Cumberland Advisors Market Commentary – Bipartisan House Members: “Enough Is Enough”

Author: David R. Kotok, Post Date: September 17, 2020
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The bipartisan House Problem Solvers Caucus (https://problemsolverscaucus-gottheimer.house.gov), led by Reps. Josh Gottheimer (D-NJ) and Tom Reed (R-NY) includes around 50 House members, both Republicans and Democrats. They have proposed a US pandemic aid package that amounts to $1.5 trillion and continues unemployment aid at $450/week, increasing over time to $600/week but not to exceed a recipient’s previous wage.

Market Commentary - Cumberland Advisors - “Enough Is Enough” (Government - Whitehouse) - Kotok

Their proposal also addresses other urgent needs: “$500 billion for state and local governments, $15 billion for the U.S. Postal Service and $400 million for election assistance.” (“Frustrated lawmakers draft their own pandemic aid package,” Politico, https://www.politico.com/news/2020/09/15/coronavirus-aid-package-problem-solvers-415015.)

The White House appears prepared to further the conversation: “White House’s Meadows says moderates’ COVID relief plan could lead to more talks,” https://www.reuters.com/article/us-health-coronavirus-usa-meadows/white-houses-meadows-says-moderates-covid-relief-plan-could-lead-to-more-talks-idUSKBN2663DV.

We applaud the Problem Solvers’ bipartisan leadership, which is what this country urgently needs in order to get our COVID-19 recovery back on the rails. Democratic and Republican leadership in the Senate and the House are not getting the job done, and the economic recovery is being jeopardized because of the stalemate between them. And this bill will save LIVES.

Readers, we encourage you to send a message to your House member: Join the bipartisan caucus and stop the partisan crap that partners with the COVID crisis to cripple our economic capacity going forward. If your congressional representative is already a member of the caucus forging a bipartisan solution, offer your thanks and affirmation. Note: WH signals Trump will sign it if it passes both House and Senate.

Below are the names of American patriots. They deserve praise; their colleagues deserve a kick in the butt. 

Wikipedia (https://en.wikipedia.org/wiki/Problem_Solvers_Caucus) lists current members of the caucus as follows:
Democrats

Ben McAdams of Utah

Anthony Brindisi of New York

Josh Harder of California

Salud Carbajal of California

Elaine Luria of Virginia

Kendra Horn of Oklahoma

Elissa Slotkin of Michigan

Jim Costa of California

Joe Cunningham of South Carolina

Debbie Dingell of Michigan

Vicente González of Texas

Josh Gottheimer of New Jersey

Susie Lee of Nevada

Daniel Lipinski of Illinois

Stephanie Murphy of Florida

Tom O’Halleran of Arizona

Jimmy Panetta of California

Scott Peters of California

Dean Phillips of Minnesota

Max Rose of New York

Bradley Schneider of Illinois

Kurt Schrader of Oregon

Darren Soto of Florida

Abigail Spanberger of Virginia

Tom Suozzi of New York

Republicans

Mark Amodei of Nevada

Brian Fitzpatrick of Pennsylvania

Mike Gallagher of Wisconsin

Don Bacon of Nebraska

Dusty Johnson of South Dakota

David Joyce of Ohio

John Katko of New York

Pete Stauber of Minnesota

Bryan Steil of Wisconsin

Anthony Gonzalez of Ohio

Tom Reed of New York

Lloyd Smucker of Pennsylvania

Glenn Thompson of Pennsylvania

Fred Upton of Michigan

Jaime Herrera Beutler of Washington

Steve Watkins of Kansas

Will Hurd of Texas

Bill Johnson of Ohio

How to Contact Your Elected Officials

David R. Kotok
Chairman of the Board & Chief Investment Officer
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