The White House press secretary Kayleigh McEnany just confirmed the Washington Post story that the President is willing to sign a second stimulus bill without the liability shield.
She said Trump is focused on unemployment benefits, it is up to the Senate majority leader Mitch McConnell if he will hold or up not, about unemployment benefits extension.
What do you think?
According to new reporting from Jeff Stein and Erica Werner at the Washington Post (full link to the article in the description below), the White House is willing to cut a stimulus deal without the ‘liability shield,’ which was a red line for Senate Majority Leader Mitch McConnell.
As a country, we have never seen a scenario where a Republican President breaks from the RED LINE demand of a Republican Senate Majority leader to CUT A DEAL with Democrats on the other side of the House on legislation THIS IMPORTANT. This is a tectonic shift in the political landscape at a key time in the history of the United States.
The White House has clearly indicated that their top two priorities at the current moment are:
1 – Unemployment benefits extension
2 – Extension of the eviction moratorium
Dr. Chhoda is putting 2 and 2 together here.
Earlier this week, President Trump said the following on the White House lawn: “We want to work on the evictions so that people don’t get evicted. We’ll work on the payments for the people. And the rest of it, we’re so far apart, we don’t care. We really don’t care. We want to take care of the people.”
A week ago, Dr. Nitin Chhoda made a prediction “There will be an announcement soon (from the President / other official) that some version of the $600/week booster will be extended for some period of time”.
Although this hasn’t happened (yet) and may not happen at all, one thing is for sure.
The tide is turning slowly.
The Senate majority leader had said earlier in the week that there would be no deal with Democrats without legal protections for employers against pandemic claims.
The White House wants and is pushing for the “liability shield” as a top priority but would be willing to sign off on a deal that lacks the legal protections.
One of the people familiar with the administration’s thinking said the measure was “considered important but not absolutely essential.”
In this video, Dr. Chhoda explores:
1 – The disconnect between the White House and the GOP
2 – The ONE item that the White House is willing to budge on
3 – WHO got thrown ‘under the bus’ in this negotiation
4 – Which way the tide is turning
And most importantly…..
What all of this has to do with a Beastie Boys song – Sabotage
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Managing your Money Crash Course
Unemployment Benefits Crash Course
Jeff Stein’s Twitter Feed – White House economics reporter for The Washington Post.
Beastie Boys – Sabotage (Official Music Video)
White House willing to cut a stimulus deal without ‘liability shield,’ breaking with McConnell