President Trump, “No State Bailouts, ‘Not Fair’ to Republicans”

President Trump, “No State Bailouts, ‘Not Fair’ to Republicans”

President Trump said he will not support bailouts for cash-strapped states because the practice is “not fair to the Republicans.”

During an interview President Trump was asked about C-19 coronavirus relief and whether states are entitled to receive federal aid that’s not related to the virus.

I think Congress is inclined to do a lot of things but I do not think they are inclined to do bailouts,” President Trump said. “A bailout is different than, you know, reimbursing for the plague.

“It’s not fair to the Republicans because all the states that need help — they’re run by Democrats in every case. Florida is doing phenomenal, Texas is doing phenomenal, the Midwest is, you know, fantastic — very little debt.”

President Trump added, “You look at Illinois, you look at New York, look at California, you know, those three, there’s tremendous debt there, and many others.

I do not think the Republicans want to be in a position where they bail out states that are, that have been mismanaged over a long period of time.”

Billions of USDs in federal aid have been shelled out to states for dealing with the pandemic, but the federal government is opposed to helping states pay for normal expenses and entitlement programs.

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge. Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he it the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.