Trump Halts Coronavirus Stimululs Talks Till After Election
President Trump has advised his administration to suspend coronavirus stimulus talks until after next month’s elections and leave Americans in the cold.
“I have instructed my representatives not to stop negotiations until after the election if we pass an important stimulus bill that focuses on hardworking Americans and small businesses immediately after my victory,” Trump tweeted on Tuesday.
Trump’s order interrupts negotiations between House Spokeswoman Nancy Pelosi and Treasury Secretary Steven Mnuchin for more than two weeks. Talks between the two didn’t move quickly, but stocks and jobs were propped up in hopes of a deal.
Trump also directed Kentucky Senator Mitch McConnell to focus on validating Supreme Court nominee Amy Coney Barrett. However, it now seems to be in the air too, thanks to the coronavirus buzzing around Republican lawmakers.
The stock market reacted immediately: The Dow Jones fell by more than 300 points after the news was announced. The Dow Jones rebounded Wednesday morning when Trump tweeted that the House and Senate should pass airline aid and the paycheck protection program.
The House and Senate should IMMEDIATELY approve $ 25 billion for flight accounting support and $ 135 billion for the small business paycheck protection program. Both are paid in full with unused funds from the Cares Act. Got this money. I will sign now!
– Donald J. Trump (@realDonaldTrump) October 7, 2020
The response to Trump’s news was quick. Democratic presidential candidate Joe Biden said Trump has turned his back on the American people and shows them what really cares – himself.
Make no mistake: if you’re unemployed, if your business is closed, if your child’s school is closed, if you see layoffs in your community, Donald Trump decided today that none of this – none of this – matters to him Said Biden.
“Washington will not give any help for the foreseeable future. Instead, he wants the Senate to use its time to validate Barrett before the election to make sure the court can remove your health insurance as soon as possible, ”he continued.
Pelosi also had harsh words for Trump. In a statement on Trump’s tweets, Pelosi said the president “showed his true colors: he put himself first at the country’s expense, with the full complicity of GOP congressmen.”
Pelosi added, “The departure of coronavirus talks shows that President Trump is not ready to destroy the virus.”
Vice President Mike Pence will most likely be asked about Trump’s decision during Wednesday night’s Vice President debate.