In a Series of Tweets, Trump Rejects a New Covid Package
…request, and looking to the future of our Country. 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. I have asked…
— Donald J. Trump (@realDonaldTrump) October 6, 2020
Tweets
- Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19. We made a very generous offer of $1.6 Trillion Dollars and, as usual, she is not negotiating in good faith. I am rejecting their…
- “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. I have asked…
- @senatemajldr Mitch McConnell not to delay, but to instead focus full time on approving my outstanding nominee to the United States Supreme Court, Amy Coney Barrett. Our Economy is doing very well. The Stock Market is at record levels, JOBS and unemployment…
Image from WSJ Trump Tells Negotiators to Stop Covid Relief Talks Until After the Election
Take That Mr. Powell
Trump’s Tweets came shortly after Fed Chair Jerome Powell warned Congress of doing too little.
For discussion, please see Powell Begs More Stimulus, Warns of “Tragic Risks” of Too Little
Odds of Democrat Blowout Win Jump
Without a doubt rejecting negotiating will cost Republicans many votes.
Here’s an accurate comment from one of my readers:
“Trump is hostage to his base which is against any money for blue states. trump’s incapable of taking even a single action that might broaden his reach.”
Nate Silver Chimes In
Wait, so Trump not only rejects stimulus funds that would probably have helped his re-election chances, but *also* does so in a way to make sure that he personally will take blame for it?
— Nate Silver (@NateSilver538) October 6, 2020
Agree, I do not understand the strategy behind this. Maybe “talking tough”, but didn’t he just say from the hospital yesterday that we needed stimulus NOW? (I don’t agree with that, but this will be T killing the deal) https://t.co/iViVZjnnUo
— user_error.html (@pianomikey1) October 6, 2020
Excuse me for asking but are Democrats the only ones out of work now?
If not, Trump rates to get burned.
For those not fully versed in Narcissistic Personality Disorder, this a narcissists’ way of saying ‘if you don’t give me what I want, no one else will get anything they want.’
As childish as it seems, it’s unfortunately the only way they know how to function.
— Mike “Mish” Shedlock (@MishGEA) October 6, 2020
“Stop Negotiating” will not play well to either Democrats, or any Republicans out of a job.
Mish
3 days later
President Donald Trump said “I would like to see a bigger stimulus package, frankly, than either the Democrats or the Republicans are offering,” Trump said on Rush Limbaugh’s radio program, saying he’s going in the “exact opposite” direction from his earlier stances.
Steroids. What can’t they do?
Make mine pink velvet and serve the friutcakes to the republicans.
His tweets have always been little more than a steaming crock of sh1t but this really takes the cake, he needs to go back to the hospital. He is hallucinating. Money for state and local governments are in no way related to Covid? Even the depraved fascists here would admit that states and local governments on both red and blue jurisdictions have seen their budgets spavined by Covid related expenses as well as loss of revenues. UNEMPLOYMENT is a state budget item that alone is destroying the solvency of all 50 states.
WTF is this huge orange turd smoking? They must have slipped some LSD into his Covid drugs.
Well fine, no negotiations no aid till after the people vote. We will see who they blame for this immoral behavior.
The people know the house dems want to help them and that has been blocked every single day since early MAY! By republicans who have not even once negotiated in good faith.
And as a lifelong democrat I just do not even know where to begin to thank Trump and Moscow Mitch for this enormous political suicide, it is so huge that the GOP is finished as a party. Unless they change radically they will be radioactive for a generation. They have gotten so far to the right of the population in general they make the radical left look downright reasonable.
Goodbye to the idiots that support this lunatic.
The facade of “negotiation” should have been maintained by president Trump. Offer a bit more, and let it drag out until after the election. It is devious, but it seems like the best strategy for re election.
He made his call based upon his certainty that negotiating in bad faith was not fooling anybody but his own brainwashed sheep who do not have two facts to rub together. Remember that campaigns do not pay much attention to external polling but rely on internal polling. Trump will have ordered his people to change the polling questions to make himself feel like more people support him, his ego cannot take the truth.
He has about 37% of the voting public that will vote for him no matter what because this country has about 37% of the population that would destroy America rather than be reasonable, we have a real Nazi problem. But to win anything he needs to capture a lot of swing and indy voters. He can’t now. By definition they are the ones open to voting either candidate. The only question now is not if he wins or loses but how bad the loss will be and will he drag the senate GOP down with him. Even that is no longer really debatable, they will lose their majority, just by how much is the remaining question.
One Republican congressional official said it was unclear what Trump sought to achieve. Another one expressed hope the move was a negotiating ploy, noting there’s still three weeks before the election for a deal to come together.
“He perceives it as a position of strength but I think many would argue it could be a miscalculation,” said Matt Gorman, a former spokesman for the House Republican campaign operation.
HUGE miscalculation and one which he followed up with a demand for tens of billions to bailout airlines, so a ton of money for corporations and nothing for people. Trust me this is about as bad as optics get. I do not KNOW if he thinks this is some sort of 4D chess game he alone knows the rules to, but from the outside of the DC bubble it looks like political seppuku.
“Qu’ils mangent de la brioche!”
Trump says the economy is doing extremely well. If that’s the case, why do we need economic stimulus? Are his zombies so brain dead they can’t see through his lies?
Contrast that with Biden running ads saying his priorities are significant money handed out for child care, first time home buyers, and those on S.S. (in addition to any pandemic monies that will be promised, which would likely exceed the official total handed out thusfar), with the usual suspects allegedly paying for it:
Neither of the most prominent candidates in this contest have shown more than a shred of political savvy, as this race could be easily won if one of them were acting in a sound, competent manner. Instead, the two tickets are headlined by someone that most of their fellow citizens wouldn’t see fit to be a shift supervisor in a fast food restaurant.
I figure it’s a good bet that “no vote” will once again have a plurality when the final count is certified.
I would vote for a ham sandwich before I would vote for Trump and if Covid does not get me I will be at my polling station to vote for Biden when it opens on the 3rd. Saying he is unfit is just republican/russian for well we know we lost but at least we can still tear down the other side. You could go into any mental hospital in the country and pick an inmate at random and they would make a better president than Donald KKK Trump!
You think if Trump loses that there will be a stimulous deal before January 20, 2021?
If he loses, I’m not certain he will be magnanimous enough to sign anything except pardons for nefarious and corrupt felons.
A good chance you won’t see anything until February 2021.
The new congressmen with dem majority in both houses will be sworn in on January 3, they can (already have) passed the Heroes Act and it can be passed in the senate on the 3rd of January, Trump will vetoe and they will override.
Trump lawyer Rudy Giuliani coughs his way through anti-mask interview
Giuliani, awaiting the results of a Covid test, in spluttering Fox News exchange criticizes Joe Biden for wearing a mask
HAHAHHAHA The Federal government needs to stop funding these viral sanctuary staffmembers
If anyone reading those tweets believes either Trump or Biden will funnel QE to the little people rather than banks, I’ve got oceanfront property in Colorado I’m willing to let go at a reasonable price!
There is a very simple solution to passing a bill. Divide it up into separate bills, each one voted separately. Bills of thousands of pages are a bad joke, designed to mislead you, full of garbage you will never know about., and don’t want or need. THis all-or-nothing crap needs to stop.
I’ve always said the same myself. Now how do we make it happen?
Why? You would have us believe the GOP would do such a thing “if the show were on the other foot?”
Forget it, they can pass the Heroes Act or they can answer to the voters in 26 days.
The have not even for one moment negotiated in good faith so they can just tell the voters to F off as they are doing and see how that works out for them.
Supposedly, that is what they are going to do.
How many trillions must we flush down the drain? After Covid comes Climate Change, Health Insurance, insolvent pensions, student loans…. Does ‘stimulus’ stimulate more than hands out for more?
Are you ready to give up all the business trillions – cheap oil leases? low taxes?
In a word, yes. When you consistently spend more than you bring in, you eventually go bankrupt. The Fed Govt. alone has done that to the tune of $27 trillion. It borrows with no intention of paying back. Real interest rates are negative to preserve the fiction. The country needs a wake-up call. Stimulus is the opposite of a wake-up, no different than any handout! Responsibility must return.
Right, well about $20 trillion of the national debt benefited corporate America in one way or the other so I have no problem with PEOPLE actually benefitting for a change during this national catastrophe (called Trump).
Key consequence of stimulus talks falling through:
— Close to 30 million jobless people to permanently see an income cut of ~50%
— 40% of restaurants face closure in ~6 months, per surveys
— Tens of thousands of airline workers will be laid off
— No stimulus checks 2.0
— No rental relief money
— No more funding for testing and tracing
— No Medicaid or COBRA money or newly uninsured
— No $100B to help schools reopen safely
That state money they’re screaming about was also for payroll, so there’ll be a bunch of laid off staties to add to the mix.
For every country there is a magnitude of debt that will collapse it. Let’s see if we can find our limit sooner rather than later?
And while we’re printing trillions anyway, there are so many more problems and injustices that would respond to spending money on them. The homeless, the poorly housed, those with jobs that suck and are unworthy of human beings …
Pelosi has a no-pork deal still available. What’s with the “hostage to his base” partisan nonsense? Pelosi is hostage to her base. … They have been negotiating for months. Offers are on the table. Nobody is moving. Anybody can still move. Pelosi has a choice – she can roll the dice and wait for the election results or accept a respectful COVID deal with much less pork.
Do any of you that are bleating about “badly run blue states/cities” have any idea of how the red states and cities are doing?
I know that this the official GOP marching tune on this topic, but use your brains. Pandemics affect entire countries so the economic effects come into play everywhere.
This from Florida…In all, the state collected about $2.1 billion less than forecast during April, May and June, the final three months of the 2019-2020 fiscal year. The state finished the year collecting about $1.88 billion below projections, as it brought in more than expected early in the year to partially offset the later losses…
This from Iowa…Iowa’s state tax revenue has declined 5.4% year-over-year during the COVID-19 pandemic, according to the newest fiscal update released this week by the Legislative Services Agency. From March 19 through Sept. 8, net state tax revenue declined by $235.9 million. Much of the decline that began around April 8 was the result of tax due-date delays. A partial recovery that began in mid-July is likewise due to individual and corporate income tax payments made as the delayed due date for those tax payments approached. All tax categories saw declines, among them a $9.1 million (0.7%) decline in sales and use tax collections, and a $31.8 million (8.6%) decline in fuel tax collections in that period. Among the largest declines in revenue were the gambling tax, which declined by $74.5 million, or 50.3%, due to state-regulated casinos being ordered to shut down on March 17. The casinos began to reopen starting June 1. Thirteen weekly deposits have been made since the gambling industry reopened, totaling $67.2 million.
Which states have “rainy day funds”? My state sets aside millions of dollars in good years so that when there is a bad year, like this one, they have that money available without running into debt. In my opinion, all states should. Of course, my state has a tradition to uphold. When the state capitol building was built, it took 16 years, from 1919 to 1935, to build it, because it was built on a pay-as-you-go basis, and no debt was ever incurred.
If this doesn’t cause Republicans to beak with Trump. Nothing will.
They will not for one simple reason, like with the Titanic they are going down with the ship no matter what. Breaking from Trump now will not save them and they reason that it would make them look weak, as well as burning their bridges within the party. As if their party is going to matter after Nov. 3.
He could also have framed it that the Democrats are holding America hostage until illegals get free money.
He could have but since everything out of his mouth is either obscene or a lir or both nobody would have cared at this point. His brainwashed sheep already are slaves to his regime and do not need convincing, and nobody else believes a word he says anymore.
Moronic from a political point of view. He just cut of the legs of any R congressman that was complaining that Pelosi was not try to work out a deal.,
LM; I agree entirely. This election is going to be a historic wipeout for the republicans, they tied their boats to his not realizing he was the Titanic instead of a clipper ship. They have no choice, they sold their political souls to him and now he is taking them down with him, it is too late to change it now with 26 days to go. Millions have already voted, some of those R’s have already lost their seats and do not even know it.
We wouldn’t need a stimulus if we had a real economy. Powell want to inject more money into the failing system to keep it going temporarily, AGAIN. We have a President that has ADHD and a self importance complex, a Democratic Candidate with dementia and a highly questionable survival probability, and his running mate is not eligible to be seated as President. How does this shit happen? Really.
It’s unbelievable isn’t it? How did we fall so far so fast? Both of these idiots don’t belong here but for the sake of damage control Trump needs to go. He’s an erratic coke head whore that’s trashing the house. Biden is the lesser evil, though I’m not sure by how much considering we didn’t know how bad Trump could be 4 years ago.
Our fall has been gradual, it’s just that the effects are becoming rapidly apparent. Papering over debt and keeping zombie banks/corps alive works until it doesn’t.
Pretty soon you’ve got half a country that blames everything on an orange clown who only came onto the scene recently, and the other half believe the aforementioned clown is the smartest human ever to walk the earth and will single-handedly save them from oblivion.
….his running mate is not eligible to be seated as President…
The easy way to tell if person drank the full gallon of Koolade–you do know that is so “Obama-era” don’t you.
What do you have to say about Benghazi??
Greggg I am disappointed, you of all people I would not have suspected of dabbling in false equivalence. In reality you could wander into any asylum in America and randomly choose a better president than Trump from the inmate population. He is a flat out traitor.
That’s one way to drain the swamp.
Kurteliss, ironically the person who introduced me to Mish Shedlock, often referring to his articles, jumped on the Trump bandwagon and acts like the very clowns he used to call out for their blind loyalty.
It is refreshing Mish doesn’t bend over like so many others.
Mish has a known point of view and is intellectually honest. No one is correct all the time, but you cannot fault a reasoned argument put forth in good faith.
Does he really want to win this election? Clearly, you have to question almost everything he is doing and saying right now and wonder that question.
Yes, he wants to win.
Does he know what he’s doing?
RR the stakes for Trump are huge, he knows he will be indicted by New York the day they can indict him and he knows he is guilty so in his mind he HAS TO WIN! Yet it seems he has finally come to the conclusion that he cannot win. That makes him very dangerous, a nut like him is fully capable of suicide and taking us with him. This is why I so fervently hope the Pentagon furnishes him with outdated nuclear codes.
I agree with president Trump, negotiating on this basis is not good for the citizens of this country. First, this is not a snap decision, they have been negotiating for months. The 2.4 trillion dollars is pork, you know things placed in a bill that could not possibly stand on its own. Why should everyone pay for the folly of a few? Most of those states and cities are governed by democrats. I hope these states, cities will take responsibility for what they are doing. At that point, I think most people would be willing to give a helping hand. President trump is right, 2.4 trillion in pork has no business in a bill designed to help all of us get through this pandemic. By the way I think we can eliminate this pandemic in less that 2 months. I think I know how.
You all are thinking really hard in St. Petersburg, aren’t you?
At least the translation has gotten better.
His English is a lot better than my Russian
Hi Henry, you think I’m Russian? I hate to disappoint you, I’m am an old American. Thank you for your response, it made me laugh. Thanks Henry, have a good night.
The GOP has never even allowed the Heroes Act to be debated on the senate floor and it was passed by the house in MAY! Pelosi and the dems have slimmed it down several times and still crickets from the GOP so hell with them, they never negotiated in good faith even once and the voters know it. By terminating talks Trump gave the stiff middle finger to all Americans and we will see just how they feel about that in 26 days. Tip for republicans living in the DC metro region, book your moving trucks now because November 4 will be too late, they will all be booked up by departing republicans.
Heroes act was full of Democrat giveaways and confirmed the rule in Washington DC “the nicer sounding the name of the bill the worse the bill actually is”
Perhaps states like NY, NJ, CT who send more money to the Feds than they get back can just stop doing so. Let IA and KY and the rest figure out how to make up the short fall
More data to throw cold water on red states:
Trump thought Covid would help him get the suburbs and not worry about the cities but the story of the 2020 election is going to be about how people from cities are now suburban voters. When he retweets stuff like “The only good Democrat is a dead Democrat”, he and the Republican party are going to be sorry. Covid is going to have the Republican party seeing blue sooner then they anticipated.
Thanks for link to the Brookings article. Data are your friends.
Nothing new in the article. For many years now both Democrats and Republicans voted policies that favored the coasts to the detriment of everyone else. I find it totally logical that those voters want to change the system to favor them for a change. I don’t see that as being evil.
Equity markets are not liking Trump’s tough talk.
I wondered if his steroid side effects (emotionalism, etc) might pop up. Trump is just the type to not control himself.
Trump on steroids….literally. One might have predicted a psychotic break.
Haha! Indeed, that’s exactly what we have. Trump on steroids.
Looks to me like he wants to sabotage and blame knowing he is going to lose.
I don’t hire someone smarter then myself so I can tell him what to do. Stand back, watch, and learn from the master deal maker.
If that wasn’t sarcasm, you are nuts
Your Trump bashing is sillier than that in the NY Times and CNN. Please stick to economics and dissecting Govt reports that you are real good at and what your readers read you for. We learn something from your reports and nothing from your Trump comments.
Cry harder.
Maybe, as a good dem, you should ask him what the weather is like in Saint Petersburg…. Should you not ?
Does that mean you understand Trump will get clobbered in November?
If not, pay better attention to my political posts as well. But Yes, I understand people do not want to be told they are wrong about Trump.
mish says what he thinks he doesnt care who he pisses off. he will never beg for patreon dollars
Dump the clown
You don’t want to learn from the Trump comments. That isn’t Mish’s fault. That’s a you problem.
United Trump Bashers Unltd, in high gear….loving, supporting and confirming each other’s bs…..
The Lincoln Project is going to have a field day with this one. They are already saying Texas – Texas – is a swing state now. For once, Lady G was right saying Trump would destroy the Republican party for a generation.
I really don’t think Texas will be a swing state. Not in this election.
I totally agree with Trump on this issue. Just because the budget deficit is already huge is no reason to pillage it even more. Sadly it won’t do any good. After the Democrat landslide, the true pillaging will probably begin. The Federal Government should absolutely not bail out all cities and states that are bankrupt due to under-funding their pensions, but watch and learn – it will happen.
And yet it was just a few weeks ago where Trump cared not about deficits and tried to use executive fiat to continue benefits after they ran out.
It is one thing to “bail out” the people with direct stimulus payments. It is another thing to bail out only certain cities/states that are poorly run (incentivizes bad behavior) and just so happen to be deeply blue.
Federal deficits are the easiest of all to handle: See MMT. We came vaporize any and all Federal deficits at will.
It’s local govt deficits that can drag us into a new depression and that’s why local aid is essential.
…. He probably did it for the wrong reasons, nevertheless I am glad to read some common sense in what has become the anti Trump echo chamber ….
“Excuse me for asking but are Democrats the only ones out of work now? “
Yep….bootstrappy republicans are “at leisiure”, and everything is just fine.
It’s a gap year, my dear. We’ll take a grand tour around the continent.
So let me get this straight, Trump raised stimulus amount to 1.6T that would go to everyone in the US. Democrats say “nope we want that PLUS extra money that goes just to poorly/irresponsibly run states/cities”. Trump refuses, and this gets spun as a bad decision by Trump eh? So Mish your position is that general tax payers need to bail out just Democrats with more money than the population as a whole? That is the argument?
Please read what I said.
My argument is Republicans will take the blame. I never once said anything about bailouts, now did I?
Nate Silver made a similar claim. So did one of my readers.
For the record, I previously said Trump was correct that we should not pay people more for not working than they made working.
But the way Trump said this “Stop Negotiating” will not play well to either Democrats, or any Republicans out of a job.
But Mish you DID say Venezuela is suffering because it socialist when the fact is is’t suffering is due to Obama & Trump’s illegal economic blockaide.
Your refusal to correct your empirically false statements on the = you are ANTI REALTY BASED.
That is not an accurate summary, Comrade Valiance.
Correct, Valiance tried to put words in my mouth that I did not say. But at least he asked instead of poorly misquoting me which would have gotten him booted.
the thing is nobody believes for one second that trump cares about 1)the deficit 2)funds going in and out of blue states. The truth is blue states pay almost 70% to the treasury versus much smaller poorer red states. this idea that this is “bailout” is absurd. what it actually is is the only playbook trump has with this nihilistic voters : hurt and punish the people you dislike (ie culture war nonsense) hurt poor people, blacks, city dwellers, everyone who’s every looked down on you in your life. if that hurts you too then so be it, revanchisms is never rational
No need to end in an obvious blend of straw man and logical fallacy. Valiance. That’s entirely anti-debate. Lucky for the wrapping paper to save your hide.
Hmmm. I guess my point is how it was framed. Would it not be more accurate to state “Trump offers 1.4 Trillion deal to entire U.S. but Pelosi rejects it unless Democrat run cities/states get additional bonus funds”. The media frame everything so anti-Trump you can’t even see the reality in front of your faces. It’s getting….weird.
The problem was that Trump took the Democrat NARRATIVE that made him to BLAME as his own INSTEAD of blaming the Democrats for NOT accepting the 1.6 trillion deal Republicans offered.
This is “idiot negotiation tactics” all over like before the government shutdown when Trump publicly stated that he takes the blame for shutting the government down and Nancy and chuck smiled thinking “what an idiot” when Trump SHOULD HAVE framed the narrative in a way that Democrats were shutting the government down by NOT giving him money for the wall.
Trump’s negotiation tactics might work in Real Estate or against banks but in politics this is self-immolation.
Trump’s advisors NEED TO WAKE TRUMP the EFFF UP and get a stimulus bill passed.
Hold up. That graph is showing Illinois as the 46th LEAST dependent state. We are talking about a bailout of city/state finances and you come with a graphic that shows Illinois having no problems? LOL.
TrumPlague is the largest pandemic in this country since 1918.
Trump is hostage to his base which is against any money for blue states. Trump’s incapable of taking even a single action that might broaden his reach
He has to let go of the nazis, his fine people on the one side, or he’s never gonna win new friends. Seems pretty attached to them though.
Added your comment to my post, Right above Nate Silver
Everybody here will vote for Trump if he broadens his reach by signing Nancy’s plan!
Good thing none of his base lives or works/worked in “Blue States.”