Donald Trump has tweeted about the possible introduction of a $2 trillion “Infrastructure Bill” to help the U.S. economy. The economy is still on its coronavirus nosedive, with Goldman Sachs predicting a 34% contraction in Q2 2020. Any new stimulus could be just another “corporate handout,” while trillion-dollar spending on jobs risks dangerous inflation and…
The U.S. has had many stimulus packages before President Trump’s proposed one – but are they a benefit for the country? Many economists believe higher rates of inflation are coming and even “stagflation,” slow economic growth with increasing inflation, from possible stimulus. One stimulus package is worrying enough, but if the coronavirus crisis continues, could…
President Donald Trump on Sunday said that guidelines for Americans fighting the coronavirus will be extended to April 30. “Nothing would be worse than declaring victory before the victory is won, that would be the greatest loss of all,” Trump said, acknowledging that his hopeful Easter deadline for loosening restrictions was shattered. The president said…
President Trump’s Department of Homeland Security released updated guidelines naming gun manufacturers and retailers as essential on Saturday, which means they are to stay open and operational nationwide during a Chinese coronavirus shutdown. The DHS guidelines list as essential: Workers supporting the manufacturing of safety equipment and uniforms for law enforcement, public safety personnel, and…
President Donald Trump on Saturday sent off the medical ship USNS Comfort from Norfolk, VA, to New York City to assist in the battle with the coronavirus. The president said that the medical ship would help New York City with hospital overflow, treating non-infected patients. The president described the ship as a “70,000-ton message of…
President Donald Trump is telling General Motors (GM) CEO Mary Barra to reopen the automaker’s idled Lordstown, Ohio, plant to make ventilators for Americans in the midst of the Chinese coronavirus crisis. During a press briefing on Friday, Trump blasted GM for decades of offshoring American jobs to foreign countries and idling its Lordstown plant…
On Friday’s broadcast of MSNBC’s “Rachel Maddow Show,” House Speaker Nancy Pelosi (D-CA) stated that President Trump “was a dangerous president” because of his statements while he signed the coronavirus relief bill. Pelosi characterized Rep. Thomas Massie’s (R-KY) call for a recorded vote on the coronavirus relief bill as “a dangerous nuisance.” She continued, “But…
Friday on MSNBC, Rep. Ilhan Omar (D-MN) said President Donald Trump was worrying about which governors are “appeasing” him instead of working for the American public on the coronavirus pandemic. Anchor Ari Melber asked, “I’m curious, your response to what we just heard in the briefing room. Both the president’s response, which included touting his…
President Donald Trump said Friday he has no plans to suspend import tariffs. “They’re not even talking to me about it,” Trump said. “More Fake News.” Trump was asked about suspending tariffs during the daily coronavirus briefing on Friday afternoon. A few minutes earlier the Wall Street Journal reported that a senior administration official had…
President Donald Trump signed Friday a presidential directive ordering GM to produce ventilators and to prioritize federal contracts, just hours after the automaker announced plans to manufacture the critical medical equipment needed for patients suffering from COVID-19, the disease caused by the coronavirus. The order, made under the Defense Production Act, marks a sudden reversal…
