Quantcast
Connect with us

The ‘fate of Trump’s presidency’ hinges on what happens over the next two days: report

Published

on

According to a report from Politico’s Playbook, Donald Trump — already reeling from the fallout from the coronavirus pandemic that has paralyzed the country — needs Congress to come up with a financial package this weekend that will save the economy or his re-election may be in doubt.

As of Saturday morning, MSNBC was reporting that no deal between the Republicans and the Democrats appeared to be in sight, which could be bad news for Trump.

ADVERTISEMENT

With the president’s campaign banking on a strong economy to help his re-election prospects, the collapsing stock market, gutted 401ks and the threat of massive unemployment due to the major health crisis need to be arrested if Trump has any hope of staying in office.

“It’s been said before, through self-inflicted crises and global tumult. But now, it’s truer than ever: the next two days are the most pivotal in Donald Trump’s presidency,” Politico’s Anna Palmer and Jake Sherman wrote. “With one-third of the country relegated to their homes, the stock market at 2017 levels and a disease crowding hospitals and taking lives, TRUMP needs a Congress with which he has a rocky relationship to deliver him a massive legislative package in the next several days — or else.”

In order for Trump to be saved, he now has to depend that whatever package is hammered out by lawmakers will, at the very least, stop the economic freefall while at the same time his administration struggles to slow the spread of COVID-19.

The report goes on to note that the president is staying out of the negotiations — to the relief of all — but that there are many hurdles to clear.

“Among the unresolved issues are increased unemployment insurance payments, significant financial assistance for hospitals and health-care providers to treat coronavirus victims, and a proposed ‘State Stabilization Fund,’ which is intended to address billions of dollars in looming revenue shortfalls suffered by state governments during the emergency. But Republicans believe that Democrats won’t block any rescue bill over fear of the potential political fallout,” Politico is also reporting.

ADVERTISEMENT

You can read more here.


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

2020 Election

Biden demands Trump put aside ‘pettiness and ideology’ and reopen Obamacare exchanges to fight coronavirus

Published

on

On Friday, The Daily Beast reported that former Vice President Joe Biden is calling on President Donald Trump to end the "pettiness and ideology" and reopen Obamacare's health insurance marketplaces so uninsured Americans can obtain coverage and protect themselves against the coronavirus pandemic.

“During this outbreak, when health care coverage is more important than ever, Donald Trump is refusing to give those who have been uninsured access to the best resource we have: the Affordable Care Act’s marketplaces,” Biden told the Beast. “This is no time to put pettiness and ideology above helping those who are in the greatest need.”

Continue Reading

2020 Election

Trump’s path to re-election ‘smashed to splinters’ as his only achievement is swallowed up by the pandemic: report

Published

on

In a piece for Politico, Ben White writes that Donald Trump was going into November's election with only one achievement under his belt -- a healthy economy -- and now he has nothing left to run if he wants to be re-elected.

With all of the gains made in the stock market long gone due to the coronavirus pandemic and the collapse of oil prices, White claims that the president's campaign strategy lies in tatters.

"The fundamental pillars of Donald Trump’s presidency — a hot economy, strong job growth and a rocking stock market — are all being smashed to splinters by the ravaging coronavirus, which has shuttered much of the nation and now officially ended a streak of 113 months of job gains dating back to the end of the Great Recession a decade ago," he wrote before noting the explosion of unemployment claims -- over ten million so far -- that has the country reeling.

Continue Reading
 

2020 Election

Anti-science Christians who went ‘all in’ for Trump bear responsibility for COVID-19 crisis: religious extremism expert

Published

on

Appearing on MSNBC with host Ayman Mohyeldin, the author of a widely shared New York Times article on the dangerous rise of religious nationalism lambasted religious leaders who are still holding public services when the government is advising social isolation and claimed they are making things worse for the rest of the country.

Speaking with the host, Katherine Stewart, who is also the author of the book "The Power Worshipers," explained that years of anti-science rhetoric from the predominately rightwing evangelical movement is a contributing factor as to why the country is in the throes of a deadly pandemic that may lead to over 250,000 deaths.

Continue Reading
 
 
You need honest news coverage. Help us deliver it. Join Raw Story Investigates for $1. Go ad-free.
close-image