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TopicPolitics Containment Topic 297: Mnuchin's Oddysee
xp1337
05/22/20 10:58:48 PM
#251:


I honestly don't think it goes beyond Trump's desire to manufacture the illusion that the country is returning to "normalcy" in the hopes that it saves his GREATEST STOCK MARKET IN THE HISTORY OF MAN in the hopes that it saves his re-election.

Which, I mean, even putting aside (and you really shouldn't!) the very real human cost just... isn't likely to really work I think? It's the same deal as the fact that despite all his bluster Trump does not have the power to reopen the states. If people don't feel safe to return to normal then it won't matter. Cutting UE benefits and the like is just trying to put pressure on people to override their concerns for the glory of the DOW.

But zooming out even further to even more abstract level IIRC Q2 economic indicators are more predictive of election results because there's a lagging factor on people "feeling" those numbers and Q2 is already FUBAR so even if somehow, someway Q3 was a magical V-shaped recovery it probably wouldn't be felt by most normal people until after the election.

Maybe McConnell is concerned with enacting labor friendly policies on a more abstract GOP principle of "screw the poor" but Trump is the one running the show on this.

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