Rabobank: The Press Gave “Russiagate” Front-Page Coverage For Years… It Now Refuses To Cover An Actual FBI Agent’s Quotes
By Michael Every of Rabobank
Stimulessness?
Trump may be short of breath but he is not short of moxie. For the nth day in a row, the headlines are all about him. This time because on Tuesday he tweeted (and not in ALL CAPS):
“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 request, and looking to the future of the 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 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 also coming back in record numbers. We are leading the World in Economic Recovery and THE BEST IS YET TO COME!”
So stimulus is over until the election(?) And so are Trump’s odds of winning it, according to the vast majority of the punditry. I don’t read what The Street says given it doesn’t even understand economics, let alone politics (and geopolitics is just a word it drops in to try to look sophisticated, in the way politicians wield “GDP” as if it is Excalibur rather than a wooden spoon.) However, The Street is apparently muttering Street-ily about a Democrat sweep. That could well be true. However, four years ago almost to the day the ‘Access Hollywood’ tape dropped. The polls this time four years ago also showed Clinton up 10-12 points in swing states like Pennsylvania. We have a month (and more) of crazy days and nights ahead of us yet and nothing is certain..
Indeed, could Trump need to keep his Republican base united and be confident enough in what his internal polls show on how fired up it is in the states he needs to win 270 electoral college votes that he is now aiming to retake the House as well as holding the Senate? It’s a view at least: he is saying if you vote for Republicans down-ticket, you get more stimulus.