Officials say Trump's promise of a coronavirus economic plan was 'news to everyone on the inside'

[babylonsister]

Still flying by the seat of his (burning) pants...

https://www.dailykos.com/stories/2020/3/10/1926116/-Officials-say-Trump-s-promise-of-a-coronavirus-economic-plan-was-news-to-everyone-on-the-inside

Officials say Trump's promise of a coronavirus economic plan was 'news to everyone on the inside'
Laura Clawson
Daily Kos Staff
Tuesday March 10, 2020 · 10:10 AM EDT


Donald Trump promised on Monday that on Tuesday his administration would roll out a plan to combat the economic effects of the coronavirus outbreak. That came as a surprise to the people who would have to come up with such a plan, CNBC reports.

Trump suggested in his Monday press conference that economic measures might include payroll tax cuts, support for hourly workers who are losing income, and help to industries affected by the outbreak, like cruise lines and airlines. He said more details would be coming in a Tuesday press conference. But “That was news to everyone on the inside,” an administration official told CNBC, and the details of a plan are “not there right now.”

Economic adviser Larry Kudlow and Treasury Secretary Steven Mnuchin will discuss options with Senate Majority Leader Mitch McConnell and other Republicans on Tuesday prior to the press conference, and the White House is reaching out to Wall Street executives for their thoughts. Because why would you include Democrats in the discussion, with their silly little ideas like paid sick leave?

Effectively fighting COVID-19 could be its own form of stimulus, The New York Times editorial board suggested, calling for “Huge spending on public health,” including “staffing health facilities, testing for the coronavirus and equipment to keep workers safe.” That wouldn’t just protect people from getting sick (thereby keeping the economy running more smoothly) or help treat those who are sick, the editorial board pointed out: “every dollar spent on public health provides just as much of an economic boost as would spending on anything else.”

There are so many things to do that make sense for public health, but instead Trump is out there dropping bombshells on his own staff and turning to the all-purpose Republican economic plan of more tax cuts.

[global1]

1. So Trump Gets Away With Another Lie Again....

He fooled Wall St. with his talk yesterday of payroll tax cut and other economic measures knowing full well they weren't prepared to do anything. He knew that Wall St. would move up based on what he said - and he just lied.

I wouldn't be surprised if by the end of the trading day today - that we'll see a downturn.

I'm also sure that Trump tipped off his friends and family to be prepared to make some money this a.m. because of what I say.

Trump manipulating the market again.

[duforsure]

2. They know he's lying

And we'll see when the markets are tanking again, which will be very soon. His phony tax relief by tax reductions are just another lie because it'll help him and his , not us like he's done numerous times before. We're in a recession now , just like we;re in a pandemic now, and no propaganda trump spews will change it. By his bully tactics keeping interest rates down will just prolong this slump even longer making it much worse than the W Bush recession he caused was. trumps lost now and losing any chance of getting to the election when his taxes get exposed , and exposes his criminal activities with putin and others.

[malaise]

3. I think he said he'd take questions today

but don't hold your breath!

[durablend]

4. Well it depends on who from and what

"Mr. President do you think you're the bestest greatest world leader ever?"

[area51]

5. Know what else would stimulate the economy?

comprehensive Medicare for All.

Newsweek: Medicare for All would likely increase wages and create jobs