Trump prepares roughly $1.8 trillion economic relief offer to Pelosi as White House scraps scaled ba

[Eugene]

Source: Washington Post

Trump prepares roughly $1.8 trillion economic relief offer to Pelosi as White House scraps scaled back approach

‘Go Big!’ the president declares on Twitter three days after killing talks

By Jeff Stein and Erica Werner
10/9/2020, 12:58:45 p.m.

The Trump administration is prepared to make a roughly $1.8 trillion offer to House Speaker Nancy Pelosi (D-Calif.) as it has begun to urgently seek a new economic relief package just three days after the president declared negotiations over.

“Covid Relief Negotiations are moving along. Go Big!” President Trump wrote on Twitter Friday.

One of Trump’s top economic advisers, Larry Kudlow, said on Fox Business Network that Trump had just approved a new package, and that Treasury Secretary Steven Mnuchin would be speaking with Pelosi “hopefully to put the final touches on this.”

“The gap is narrowing. The bid and the offer, if you will, has narrowed significantly,” Kudlow said. “And, therefore, in Wall Street terms, there may be a trade for some additional assistance for the American recovery from this pandemic contraction.”

-snip-

Read more: https://www.washingtonpost.com/us-policy/2020/10/09/trump-economic-stimulus-pelosi/

[still_one]

1. The package MUST include the unemployment

[LizBeth]

9. +1

[Roland99]

2. If he wants to "GO BIG", well, the #HEROESAct was passed by the House... in MAY!

[bluestarone]

19. THIS

[berni_mccoy]

3. He's bargaining with himself. He'll cave to Nancy's deal before Nov 3

[underpants]

4. Mitch isn't going for any of this.

The Rand and Cruz types will at least vote against it, if not kill it procedurally, and it will look like the Dems passed it and saved Christmas.

[Clearly fogged in]

16. Exactly

We have to end this pattern of lessening demands repeatedly for empty promises. With Trump now a thing of the past, let's face it he will never hold the powers of the office again, nothing will change in the Senate until January.

[underpants]

18. I think Mitch is going to scorch it

Everything. Let the Dems deal with it and we’ll get them back in the midterms.

[Hoyt]

5. If it includes unemployment, it's time to take it. People need the enhanced benefits. GOPers have

compromised (I'm sure they puckered their rears, though) and continuing to go for the original $2.2 B is playing politics with people who need the unemployment and stimulus right now.

We can always come back for more later.

[LizBeth]

8. +1 and extend UI out to March or April.

[Hoyt]

15. At least that far out.

[LizBeth]

17. Yes but that will get the Dems in there and then it will be much easier if they need to take it

further, but I agree with you.

[C_U_L8R]

6. He's flailing

You'd think the GOP would give him the hook out of sheer embarrassment

[LizBeth]

7. I can't get in to read article. Anything for UI and extending it beyond Dec 26? Last time Trump

put one out a couple weeks ago it had nothing for UI and only the 1200 for everyone.

[Eugene]

11. The Trump offer is lacking in specifics, but Kudlow said this:

Kudlow said the new offer would likely contain aid to airlines, small businesses, $1,200 stimulus checks, and the unemployed. Both sides have supported these policies. They also had appeared to settle on $75 billion for coronavirus testing and tracing, although Democrats continued to push the administration for language on a comprehensive testing strategy, something Pelosi said Friday remained unsettled.

[LizBeth]

12. Thank you Eugene, I appreciate that.

I live in Eugene. I love my Eugene, .

[yardwork]

10. Trump is handing an embarrassing defeat for the GOP to Biden.

Pelosi and the House Democrats have wanted a new relief bill for months. It's the Republican-controlled Senate that won't pass it.

Making the House bill bigger and better just makes the Senate's inaction more obvious, gains more headlines, reminds the voters that Republicans are the ones blocking their relief checks.

Proceed, Mr. President. Add more socialist programs to the bill!

[LizBeth]

13. +1. And even if house and Trump make an agreement, I think McConnell will say no.

[onethatcares]

14. everytime I see things like this I also see

the GOP standing in front of faux news and saying "Due to the amount of money spent to keep the economy moving we have to cut the entitlement programs, and the largest are Social Security & Medicare".

"Think about the debt and our children"

I'd no more trust the GOP than I would a wounded viper in a dark closet.

[bluestarone]

20. Nancy to RUMP!

Talk to MOSCOW MITCH!

[crickets]

21. K&R for visibility.

[JDC]

22. I would be this includes huge tax breaks for Corps and 1%