Today’s Top Stories: May 7, 2020
Today’s Top Stories is brought to you by My Daily Grind News . The Lede Schumer, Pelosi set to unveil ‘Rooseveltian’ relief package Editorial: They are right. Something very big and bold needs to be done, as economists are warning that 40 percent of the lost jobs thus far (33 million) will be permanent . That signals, at least to me, that they expect a HUGE decline in GDP. And it’s not going to stop when the “economy re-opens.” A. We’re going to get a second wave of infections. B. Many people won’t go back to normal even when businesses open back up. I know I won’t be. Schumer on Thursday said the fiscally cautious approach now being taken by Republicans like McConnell and House Minority Leader Kevin McCarthy (Calif.) reminded him of President Hoover’s response to the 1929 stock market crash and the onset of the Great Depression. “The people like McConnell and McCarthy and even [President] Trump who say, ‘Let’s wait...