Trump Stimulus Fail: Worst Blunder in Presidential History

‘In May, the House of Representatives passed a $3 trillion economic relief bill. Over the next four and a half months, Republicans in the White House and Senate dithered, alternating between good-faith engagement and lethargy. The apparent final blow came in the form of a series of tweets by President Trump announcing an end to negotiations.

It is possible Trump — who just yesterday declared his desire to cut a deal — intends this as one of his “clever” negotiating ploys, enabling him to turn around and make a deal that he can paint as a capitulation by his panicked foes. But even if that happens, the window to boost the economy in time to help him (obviously the only consideration Trump cares about) is closing fast. Walking away from the extended hand of an opposition party willing to pump trillions of dollars into the economy may go down as the single greatest political blunder in the history of presidential elections….’

— Jonathan Chait via New York Magazine

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