For an up to date presentation on the status of the ‘on again, off again’ negotiations on a fiscal stimulus package between the Trump administration and the Democrat’s US House of Representatives & Senate leaders, Pelosi & Shumer, listen to my friday October 9 Alternative Visions radio show. Why Trump has been vacillating on a deal since August and why a deal before the November 3 elections is highly unlikely. The show concludes with a review of the real state of the US economy, about to experience a significant slowdown in the fourth quarter as America’s Triple Crisis intensifies (i.e. Covid health crisis worsening again, jobs and economy deteriorating again, and prospects of an historic political crisis in the wake of the November 3 elections growing)
TO LISTEN GO TO:
http://alternativevisions.podbean.com
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SHOW ANNOUNCEMENT:
Dr. Rasmus discusses the ‘on again, off again’ negotiations on a fiscal stimulus package. Trump’s 5 flip flops this past week, for and against, a stimulus bill. What’s behind the vacillation. Democrats’ positions, as Pelosi-Shumer, deal with trying to negotiate with Trump. Will there be a fiscal stimulus package before the November 3 election? Rasmus recounts the recent history of negotiations for a stimulus since July, when the Democrat-US House ‘Heroes’ bill proposal and the Republican Senate’s ‘Heals’ bill proposal were the starting points, as the economic effects of the March ‘Cares Act’ ran out. How Trump scuttled negotiations in August, what happened in September, and how he scuttled it again last week. Why Trump has reversed positions so many times. Today’s latest rumors of elements of a deal. Why it has a big hill to climb in McConnell’s Senate and why odds are against a deal by November 3. Dr. Rasmus describes the deteriorating economic conditions in the US today in terms of jobs, business closures, bankruptcies, and coming financial defaults. (read Dr. Rasmus’ latest article, ‘Trump Scuttles a Fiscal Stimulus Deal…Again!’ on his blog at jackrasmus.com. Join him for day to day commentary on Twitter at @drjackrasmus)
Fiscal Stimulus Follies–Past, Present & Future (audio)
October 10, 2020 by jackrasmus
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