President Trump is calling for an immediate stall on all discussions with Speaker Nancy Pelosi regarding a new Coronavirus stimulus package until after the election. The President’s new directive is meant to provide more focus on the hearings and confirmation of Amy Coney Barrett. Instead, Trump plans to introduce a stimulus bill after the election which will focus on “hardworking Americans and small businesses.”
Trump tweeted to Senate Majority Leader 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 also coming back in record numbers.”
According to reports from The Hill:
In killing the talks, Trump seems to be betting that his best chance at reelection is not in getting new emergency funding out the door before Nov. 3, but instead dangling the promise of more aid after voters go to the polls — particularly if he wins.
The president singled out one area of the talks where the sides have remained far apart for weeks: help for state and local governments. Pelosi is seeking more than $430 billion for those localities, while Republicans have rejected that figure, wary that Democrats want to rescue blue states facing budget crunches as the result of policy decisions made before the pandemic arrived.
“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,” Trump tweeted. “We made a very generous offer of $1.6 Trillion Dollars and, as usual, she is not negotiating in good faith.”…
The strategy is a risky one. Millions of Americans remain out of work; thousands of businesses are on the brink of collapse; and American consumers have been wary of returning to restaurants, theaters and public transit, even in regions where they’ve reopened. Stocks immediately plunged after Trump announced he would call off the negotiations until after the election, which is now four weeks away.
President Trump has refused to give in to the Democrats demands of a $2.4 trillion relief bill claiming that Nancy Pelosi intends to use the money to help bail out poorly run Democrat cities.
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…
— Donald J. Trump (@realDonaldTrump) October 6, 2020