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President Donald Trump is creating confusion about where he wants to go with his many conflicting proposals for a new crisis package for the crown-stricken US economy.
President Donald Trump during a meeting at the White House in February where he shows how well the American economy is doing. Photo: Manuel Balce Ceneta / AP / NTB
In a tirade of messages on Twitter, Trump demands that Congress immediately adopt a package of selected crisis measures.
The announcements he made Wednesday morning US time came just seven hours after he ordered Republicans in Congress to freeze negotiations with Democrats on a crisis package. Instead, he himself will provide a crisis package for Americans after the November 3 election, he says.
Great confusion
Trump’s latest move creates confusion about what Trump’s strategy really is, writes the Washington Post.
Just before 10 am Wednesday morning, in a Twitter message, he asked Congress to “IMMEDIATELY” adopt $ 25 billion in emergency aid for airlines.
Less than half an hour later, he asked Congress to give millions of Americans a cash payment of $ 1,200, at the same time he wrote that he wanted immediate help for small businesses worth billions of dollars.
– I’m ready to sign right away. Do you hear Nancy? was one of the messages.
Nancy Pelosi is a Democrat and Speaker of the House of Representatives. The day before, he accused Trump of creating total chaos in the White House after he announced that negotiations on a crisis package had to end.
The measures that Trump proposes on Wednesday are already included in the crisis package negotiated by the Minister of Finance, Stephen Mnuchin, and Pelosi.
But Pelosi has previously refused to participate in Trump’s attempt to take only select measures. Democrats have consistently called for a comprehensive package that includes support for local governments, food aid, and support for the unemployed, renters, and homeowners.
Weakening the economy
Trump’s blocking of the crisis package will further weaken America’s coronary economy and make life more difficult for millions of unemployed Americans and small businesses.
Half of all small businesses need more public support next year to survive, according to the National Organization of Independent Industries.
For 25 million unemployed Americans, incomes fell by two-thirds when $ 600 a week expired in July, which was allocated in the previous crisis package.
Trump decided in a presidential order to give $ 300 a week when the crisis package expired, but this amount lasted only six weeks.
Economists have warned that many families across the country will have a difficult time paying bills, buying food and avoiding being evicted from their homes.
Shortly before Trump’s sudden decision, Gov. Jerome Powell also made it clear that there is a risk of economic collapse if the state does not provide more support.
Airlines in crisis
Among the industries awaiting the crisis package negotiated by Mnuchin and Pelosi are the airlines that have been hit hard by the pandemic.
Last week, American Airlines and United Airlines laid off 32,000 employees, but made it clear that many of these jobs could be preserved if the crisis package is approved.
The reason Trump resigned is that the majority of Republicans in the Senate oppose several major crisis packages after the grand $ 2 billion deal that both sides agreed to in March.
They believe that both industries and employees must adapt to the situation and manage themselves without government support.
