Trump administration officials were “stunned” Monday evening when the President announced he would unveil on Tuesday “dramatic” and “major” economic policies to help American workers and businesses deal with the coronavirus pandemic.
“I will be here tomorrow afternoon to let you know about some of the economic steps we’re taking, which will be major,” President Donald Trump told the American people, claiming that COVID-19 “blindsided the world and I think we’ve handled it very well.”
But according to CNBC’s Eamon Javers and Bloomberg News, those plans simply do not currently exist yet.
Trump achieved his goal, however. After posting the worst day in 12 years the stock market is poised to reverse course. The DOW opened up 800 points, pointing to a good day for Wall Street.
Trump promised a payroll tax cut – stressing the phrase “tax cuts” – along with some form of paid sick leave, during his short remarks before walking out of Vice President Mike Pence’s daily public coronavirus briefing.
Trump economic advisor Larry Kudlow, already one of the administration’s faces of the administration’s lying to the public about COVID-19, along with Treasury Secretary Steve Mnuchin, are heading to Capitol Hill this afternoon to talk with Senate Republicans about an economic plan.
But any financial package would have to originate in the House, so the reason for that strategy is unclear.