Trump to Country: Nothing, No Stimulus, No Direct Payments, 'Im Ending COVID Relief Talks'

Biden Fails to Respond

Update: Economy nears tipping point as Trump sends new erratic, contradictory intentions on aid.

The news hit Tuesday mid-afternoon in a Tweet, Donald Trump is pulling the plug on America.

Reports the New York Times:

President Trump on Tuesday abruptly ended talks with Democrats on an economic stimulus  bill, sending the stock market sliding and dealing a final blow to an intensive set of on-again-off-again negotiations to deliver additional pandemic aid to struggling Americans before the November elections.

Mr. Trump announced that he was pulling the plug on the effort in a series of afternoon tweets in which he accused Speaker Nancy Pelosi of California of 'not negotiating in good faith' and urged Senate Republicans to focus solely on confirming his nominee to the Supreme Court in the coming weeks.

This means struggling families get nothing, small businesses get nothing, renters get nothing, small landlords get nothing and are left with no means of recouping months of no rent from tenants, states and municipalities get nothing, for starters, as the COVID Coronavirus imperils the world economy with a synchronized failure engineered by the president of the United States.

"Federal Reserve Chairman Jerome Powell warned earlier Tuesday that the economic recovery remains fragile seven months into Coronavirus pandemic without further economic stimulus," reports the AP.

Trump ended his no-relief Tweets in all capitals: "THE BEST IS YET TO COME!"

Meanwhile Joe Biden tweeted eight times in the hour after Trump in communications in which the Democratic Party nominee failed to note, comment or advocate in any way on Trump's walking away from COVID relief. 

Republican Senate Majority Leader Mitch McConnell said he supports Trump's decision.

Moratorium on Residential Evictions Should Come with Landlord Subsidy Fast

In late Oct, Pres Donald Trump issued a sweeping moratorium on residential evictions through the Centers on Disease Control and Prevention.

The moratorium seems a rare bold, public health initiative. 

It's not and it exemplifies policy not even approaching half-measure value on a still-growing crisis.

What a massive stimulus bill should do to address this swath of policy is send federal money directly to landlords to pay for tenants in need of help.  

The subsidy could can be free, or payback without interest or whatever. This would solve the problem for the tenants, the landlords, the banks and the coming worst-yet liquidity crisis. 

In context, the moratorium is dishonest. Tenants in need are just pushing off eviction until after Jan 1 because after that they’ll be expected to come up with a pile of money for back-rent, penalties and they won’t have it.

If Trump were smart, he'd push, as he is able, a major stimulus legislation that includes a residential landlord stimulus.

But comprehensive public policy solving crises is not what Trump, Nancy Pelosi, Chuck Schumer and Joe Biden do.

They all play political games and likely Democratic Party officeholders will receive a new memo advising Dems to blame everything on the Russians.