President Donald Trump is trying to project confidence that the economy will quickly rebound in the second half of the year — but even many Republicans are worried that he’s setting himself up for yet another failure.
Politico reports that the Trump White House on Friday felt “relief” that the economy shed a record 20 million jobs in just one month, as they feared the number was going to be even worse.
However, the publication writes that “many Republicans close to the White House privately believe the markets will rebound long before the employment numbers do,” and one GOP source tells Politico that Trump is “in denial” about the true depth of the economic carnage that’s occurring under his watch.
Jesse Rothstein, a former Obama administration economist and current professor of public policy and economics at the University of California, Berkeley, tells Politico that it is insane for anyone to feel relieved about losing so many jobs in a single month.
“I remember working in the White House in 2009 and feeling the world was ending when we lost roughly 700,000 job a month,” he says. “Now, we lost 20 million jobs in one month. There is just no comparison.”
‘Absolute immunity:’ Kayleigh McEnany claims Trump has monarch-like powers despite Supreme Court ruling
White House Press Secretary Kayleigh McEnany on Thursday said that President Donald Trump continues to believe that he has "absolute immunity" from prosecution despite a Supreme Court ruling that said otherwise.
At a White House briefing, McEnany argued that a high court ruling which gives prosecutors the right to subpoena Trump's financial records is actually a "win for the president."
"The president was making general point about deference and on the principal of absolute immunity," she explained. "He believes there should have been more deference [to him by the court]."
Biden beats Trump to the punch with massive ‘Buy American’ spending package — and GOP allies are fuming
Some of President Donald Trump's "economic nationalist" allies are furious that Joe Biden beat the White House to the punch with a "Buy American" policy push.
The president's former chief strategist Steve Bannon told the Washington Post's Jeff Stein that Biden's $300 billion domestic spending proposal was "very smart," and said the likely Democratic nominee had scored a win.
"The campaign and White House have been caught flat-footed," Bannon said. "Biden has very smart people around him, particularly on the economic side."
Fox News pundit: Tax returns ruling against Trump is ‘a win for him’ and ‘will help the president’
Fox News pundit Katie Pavlich argued on Thursday that a Supreme Court ruling which opened the door for prosecutors to obtain Donald Trump's tax returns is actually "a win" for the president.
Pavlich made the remarks after the Supreme Court of the United States ruled that Manhattan District Attorney Cyrus Vance can request the president's tax records in a public corruption case.
"I think it's a win and a little bit of a loss for President Trump," Pavlich explained. "In the sense that he will now have to deal with a number of these issues and other presidents in the future will as well, whether they are valid requests for information or not and whether they are being made for political for reasons or for valid criminal investigations."