President Donald Trump has all but publicly threatened to fire Jerome Powell, the chairman of the Federal Reserve, demanding he lower interest rates – a move that would personally save Trump and his business millions of dollars.
When the coronavirus pandemic hit he finally got his wish. Powell moved interest rates to zero.
(Trump, by the way, attacked Powell nearly two dozen times on Twitter over just the past almost 9 months.)
So when the Big Banks wanted to score a big cash grab under the new federal government-backed Small Business Administration (SBA) loans, part of the $2.2 trillion stimulus program in response to the pandemic, they didn’t call President Trump. They called Ivanka Trump.
Reporting on “direct calls” from top bank executives, Bloomberg News reveals they “personally appealed to Ivanka Trump this week as they sought additional guidance and higher interest rates.”
“The lobbying campaign appeared to be at least partially effective. Ivanka Trump relayed to Treasury Secretary Steven Mnuchin and other administration officials requests to increase the interest rates on the forgivable, government-backed loans,” Bloomberg reports. “On Thursday, Mnuchin announced that the government would increase interest rates to 1% from 0.5% on the emergency loans.”
Perhaps that explains why the administration of the Small Business Administration thanked Ivanka Trump on Thursday:
Because nepotism doesn’t stop during a crisis Jovita Carranza of the Small Business Administration thanks Ivanka Trump, with whom she’s apparently been “working closely.” pic.twitter.com/HAaw5yWtGy
— nikki mccann ramírez (@NikkiMcR) April 2, 2020
And why the First Daughter posted this to Instagram thanking the SBA:
Read the entire report here.
GOP Senate candidate suspended football player for one game — for allegedly raping a 15-year-old girl: report
On Thursday, in an op-ed, the conservative Washington Examiner reported on an incident from Alabama Republican Senate candidate Tommy Tuberville's career as a football coach for Auburn University in 1999.
"When Clifton Robinson, the short but quick receiver from Naples, Florida, returned to the Auburn University football team in August 1999 after pleading guilty to contributing to the delinquency of a minor to avoid going to trial after being charged with the second-degree rape of a 15-year-old girl, first-year head coach Tommy Tuberville pledged to figure out the right punishment for him," wrote Siraj Hashmi. "'Clifton is back on the team,' Tuberville said. 'He and I will sit down today, and I'll tell him that we do things right around here, so he can expect there will be some punishment. What it is, I don't know yet.' That punishment ended up being a mere one-game suspension from the team's Sept. 4 season opener against Appalachian State. Auburn won 22-15."
Arizona Republican attacks Fauci and Birx for ‘undermining’ Trump with COVID-19 facts
COVID-19 hospitalizations in Arizona set a record on Thursday, but one of the state's Republican representatives in Congress went to Fox News to urge the end of President Donald Trump's Coronavirus Task Force.
"I think that Birx and Fauci have gone well past their, their -- they've expired, their time of usefulness has expired," Rep. Andy Biggs (R-AZ) said.
"What they do, is when the president comes out and makes a policy -- because he is the president, he is the policymaker. When they come and make these statements that they make, they engender panic and hysteria and undermine what the president's doing. That's what I think's critical," they argued.
MSNBC’s Dr. Gupta blasts ‘weak leadership’ of GOP governors: ‘It’s too little too late’
On Thursday's edition of MSNBC's "Meet The Press," medical analyst Dr. Vin Gupta laid into Republican governors' mishandling of the coronavirus pandemic as new cases explode across the country.
"Dr. Gupta, we have the governor of Texas issuing an order for Texans to wear masks. Not seeing the same thing in Florida," said anchor Katy Tur. "What is your medical take?"
"I think it's too little, too late. Both in Texas and Florida," said Gupta. "Florida especially, given what is happening with day-to-day caseloads. If I was Governor DeSantis, you need to be thinking about how to save lives. That's bringing in portable ICUs, making sure you have enough dialysis nurses. This is potentially even mobilizing National Guard. I know we are not talking about military forces, reserves."