#PresidentTrump #WhiteHouse #economics #politics #aid #relief #stimulus #C19coronavirus #GOP #MAGA #WinTheWar #House #Senate #vaccine #election
Tuesday, President Trump resumed holding White House news conferences about the progress of the C-19 coronavirus chaos task force.
But, this news conference was different from the past 1’s, when he was accompanied by Key task force members, this time he was alone.
This event was shorter and more focused than the 1’s in the past, it lasted about 25 mins. He took questions at the end and avoided any contact with confrontational journalists who tried to engage him. He answered calmly and correctly.
President Trump sounded like a politician Vs a businessman.
During his 3.5 yrs in office, President Trump governed as a businessman. A businessman knows that problems must be confronted head on, fast, and all options considered. Then the optimal solution is set forth and implemented, regardless of the political correctness.
A businessman is goal oriented, paying little consideration as to how the decision appears to the general public sans any very negative publicity, if so implementation of the decision can be adjusted.
A businessman is concerned with results.
A politician views things differently, because there is an eye looking toward the next election, the politician is concerned with perceptions. The politician wants to ensure that each decision is politically correct, meaning words spoken and actions taken should not offend the voters.
Often politicians will choose a less optimum solution in favor of a politically popular 1.
For instance: the federal government is considering a 2nd stimulus package. From an economic standpoint, this is not needed. The economy ended the recession on 30 April. May and June saw the economy recover rapidly. May and June saw nearly 8-M jobs added, retail sales in those months increased a 25%. Other indicators are similarly showing a strong V-shaped recovery.
Nevertheless, because of the negative press concerning the high unemployment rate and the seeming expansion of The China Virus in parts of the country, members of Congress from both parties favor more aid/relief/stimulus. This is an action that is economically wrong, especially considering the budget deficit for Y 2020 is already more than $4-T, but politically right.
President Trump knows he must rev up his campaign since the election is just over 3 months away. He did just that with his 21 July news conference.
During that news conference, he came on like a politician. He spoke softly. He gave the facts in a favorable light. He highlighted the positives, especially concerning the rapid progress of the vaccines and therapeutics.
He downplayed the negatives and was objective. The “pandemic will probably get worse before it gets better.”
With those few words he set the tone for the remainder of the campaign season. He believes this new look, along with the huge successes that the country will see in September and October, will carry him and the GOP to a landslide victory in November.
When blending political correctness with his businessman’s approach, he is concerned with Winning the War, even if he loses a battle or 2 along the way, whereas a pure politician is out to win every battle.
As long as the virus is a major problem and the economy has an unemployment rate of 11%, it appears that President Trump is losing the battle. In another month or 2, President Trump sees himself surging in the polls.
Contrary to the consensus outlook, the unemployment rate will fall.
Most economists forecast that the rate will not fall below 10% until the end of this year. President Trump believes the rate will fall below 10% by September and perhaps earlier, approaching 8% or less by year’s end
In the September-October frame as many as 4 vaccines will be approved by the FDA. President Trump has shortened the approval process to allow this. He also has ordered hundreds of millions of doses, even before they are approved. That means when the approval comes, the vaccines will already to be produced and can be administered to the public early in November.
With the economy showing extremely high growth rates, with unemployment falling, with President Trump ending the rioting violence in the major Democrat run cities, with the possible criminal indictments of the Clinton-Obama Gang, and with the virus somewhat under control, his approval rating will reach the highest point of his Presidency just before the general election.
So, on 3 November, Trump will win the war and get re-elected to a 2nd term, perhaps flipping the House and increasing the GOP majority in the Senate.
In spite of 90% of news coverage about President Trump being negative, virtually every Democrat opposing anything he does and with some members of his party against him, he will Win the War, the skirmishes forgotten, thus Making America Great Again!
Have a healthy day, Keep the Faith!
Latest posts by Paul Ebeling (see all)
- Going With the ‘Hard Core’ Gold Bugs - August 11, 2020
- Ferrari’s (NYSE:RACE) F8 Spider: Fast, Loud, Drivable - August 11, 2020
- Wall Street’s Key Stock Analysts Research Report, All Buys - August 11, 2020