Alternative Visions - Fiscal Stimulus Follies: Present, Past & Future

 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)