There will be NO additional stimulus bill coming ….
Trump has advised he will NOT agree to one…
Pelosi and Mbuchin had be working on possible deal but Pelosi was adamant that MORE. money be forth coming for the unemployed and small business….
Trump has been under pressure fro conservative lawmakers to limit the size of the bill….
The Fed Chair want’s as much money as Pelosi can get and warns the buttom IS gonna fall out of the economy next spring….
My thoughts are that Trump only cares about the rich who are benefiting from the 2017 tax bill ….
The second part of the economy with jobless and business shut downs he don’t give a shit about…
A bad economy will probably be Biden’s problem just Biden and Obama had in 2009….
This IS just about normal for Donald Trump who tend to fuck up everything….
The market , which has begun to realize that Biden IS gonna be savior , is down ….
Those who were waiting for Trump just got the reality check…
It’s gonna be a rough next 3 1/2 months….
“I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business,” Trump wrote.
Trump’s surprising announcement stood in stark contrast with recommendations from Federal Reserve Chair Jerome H. Powell, who had said in a speech hours earlier that more economic stimulus was needed to sustain the recovery.
Trump’s tweets sent the stock market lower, as many businesses, households and investors had been hoping for a jolt of fiscal stimulus amid signs the economy had lost momentum. The Dow Jones industrial average ended down 376 points, or 1.3 percent. The Nasdaq and S&P 500 also fell.
Trump is still dealing with his recent covid-19 diagnosis, but he has tried to dismiss the illness’s impact on him in the past two days….
“Our Economy is doing very well,” he wrote. “The Stock Market is at record levels. JOBS and unemployment also coming back in record numbers.”
Even some of Trump’s top advisers have said that the economy is not doing well and that more assistance is needed. Further, the stock market is not at record levels, and it also doesn’t reflect the broader health of the economy. The unemployment rate has come down from its April peak of about 15 percent, but it is still at 7.9 percent, and millions are struggling to pay their bills, afford food and find jobs. The United States has recovered barely half of the jobs lost in March and April.