Read on Twitter
No stimulus deal anytime soon, "partly because White House chief of staff Mark Meadows is out for the week but mostly because the administration feels confident they have the upper hand politically following President Donald Trump’s executive actions" https://politi.co/30M54Pl
A) crazy that the fate of 30m unemployed Americans is on hold because Meadows is on vacation
B) also crazy that the White House thinks these executive actions do much at all, economically or politically.
B) also crazy that the White House thinks these executive actions do much at all, economically or politically.
Governors have already said Trump's exec action requiring creation of an entirely new UI system is administratively unworkable, and that they need actual relief legislated by Congress. Statement from the bipartisan National Governors Association: https://www.nga.org/news/press-releases/national-governors-association-leaders-call-on-congress-to-come-together-on-coronavirus-relief/
Trump's payroll tax deferral, besides being constitutionally dubious, may accidentally *raise* tax liabilities (oops) if employers participate, which means employers are likely to just ignore it https://www.washingtonpost.com/opinions/trumps-inadvertent-tax-hike/2020/08/10/12457502-db00-11ea-809e-b8be57ba616e_story.html
Trumps eviction order does...pretty much nothing https://www.bloomberg.com/news/articles/2020-08-10/trump-executive-order-isn-t-an-eviction-moratorium
And of course Trump's actions provide no new $$ for testing, contact-tracing, or other measures to combat the spread of covid, which is the main reason why the economy is in the toilet.
