Trump thinks the economy is no longer worth his time. We'll all pay the price.

[Zorro]

Opinion by James Downie

It’s been a busy weekend for President Trump. With millions still out of work thanks to the pandemic, the president was focused on important issues: attacking the Atlantic for reporting that he called fallen soldiers “losers,” demanding that a Fox News reporter be fired for confirming parts of the Atlantic’s story, revising federal agencies’ racial sensitivity trainings and urging the Big Ten conference to play football this fall.

You might have noticed that list offered nothing for those looking for work. On that front, the president was content to tweet praise about the new jobs report on Friday before turning back to more substantive issues like vandalism at Graceland. The employment numbers were encouraging, to be sure: 1.4 million jobs added, and an unemployment rate down to 8.4 percent. But as The Post reports, “just over half of the 22 million total jobs lost between February and April have not returned,” and new outbreaks and decreasing government assistance could easily derail the slow recovery. Much hard work lies ahead. Another president might hail Friday’s report yet promise to keep working to improve the economy. This one clearly feels the economy is doing just fine and is no longer worth his time.

On “Fox News Sunday,” Treasury Secretary Steven Mnuchin confirmed that the president’s staff shares his blithe optimism. “The president and I couldn’t be more pleased with the way the economic plan is working,” Mnuchin told host Bret Baier, at the end of a week when 881,000 Americans filed for jobless benefits.

“We’ve injected $3 trillion into the economy,” Mnuchin continued. “People thought we’d get [to] 25 percent on unemployment. Fortunately, it never came close to that.” In short, the treasury secretary admits that $3 trillion in stimulus avoided an even greater catastrophe. You might think that’d be a good argument for spending another $3 trillion or so to right the economy, but no: As Mnuchin farmed it, the sticking point with Democrats is that House Speaker Nancy Pelosi “has refused to sit down and negotiate unless we agree to something like a two and a half trillion dollar deal in advance.”

https://www.washingtonpost.com/opinions/2020/09/06/trump-thinks-economy-is-no-longer-worth-his-time-well-all-pay-price/

[2naSalit]

1. couldn't be more pleased with the way the economic plan is working...

Yeah, the plan to raid the treasury and finally turn the US into a shithole fiefdom.

[empedocles]

2. . . . and keep the S&P up until November

[2naSalit]

3. A minor detail at this point. ...nt

[empedocles]

4. Would hope so

However, trump was screaming mad at one bad market day last Thursday. Have to guess he keeps high pressure on munchkin and the FR even, [wrong as that may be].

[2naSalit]

5. Actually, I was being

sarcastic, it's a minor detail for them at this point since they are full on marching to the end point and anyone in their way is disposable.