Now that the election is over, the Democrats no longer feel like they need to cause as much pain for as many Americans as they can in an effort to hurt Trump.
That’s because they could win even if hardly anyone voted for them. But the real question here is what Schumer and Pelosi demand are included in the bill that has nothing to do with the virus.
Nancy Pelosi’s House has killed help for small businesses for the 40th time. And that time was after the election.
So, that tells me the Democrats aren’t planning any help for small businesses. My guess is that they want a bailout for the blue states and money for immigration and for further mail-in balloting.
There could be a second stimulus check just to keep the unwashed happy.
“Last night, they’ve agreed to sit down and the staffs are going to sit down today or tomorrow to try to begin to see if we can get a real good Covid [Chinese coronavirus] relief bill. So, there’s been a little bit of a breakthrough in that McConnell’s folks are finally sitting down and talking to us.”
The Republicans were willing to talk all the time. It was the Democrats who refused to come to the table. And when they did pretend to negotiate, they filled their offers with unrelated spending and poison pills to make sure no agreement was reached. I suspect we will see more of the same.
Democrats successfully blocked the chances for a stimulus bill prior to the election, hoping a weakening economy would hurt Trump. None of the Democrat leadership on Capitol Hill wanted Trump to be able to point to a legislative accomplishment or an economic surge in the weeks before the election.
To the surprise of many, however, the economy did surge in September and October, thanks to strength in manufacturing and housing and stronger than expected household consumption. Flush with income saved during the pandemic, the American economy was more resilient to the surge in coronavirus and lack of stimulus spending than economists had forecast.
Now, there are signs of weakness. Jobless claims jumped higher last week. The New York Fed’s manufacturing survey showed growth slowing. So did surveys from the Philly and Kansas City Feds. The stock market has been volatile even though we keep getting good news about vaccines.