Opinion: 'Last week, something shifted as the full scale of the challenge coronavirus presents sunk in. And, now, the newly scared Trump is prepared to do what he does best: Spend gobs and gobs of money'
As the corona crisis expands into both the greatest public health challenge of our age and what will surely be one the greatest economic ones as well, leadership at the federal level has been much criticized. This past week, however, one thing became clear: Donald Trump may be exactly the president we need now.
One thing that Trump has always been able and willing to do is spend other people’s money for his own personal gain. Some of that gain has been financial; much of it has been reputational. And if there is one thing the United States now needs more than ever at a rate barely contemplated ever before is for the federal government to spend and spend and then spend some more. Cancel everything. Bail out everyone. And Trump will lead the charge, or at least take credit for not standing in its way.
In 2008-2009, it took months for Congress and the White House to agree to financial bailouts and then a stimulus package totally about $800 billion that was still inadequate. Today, within a week of recognizing the crisis, Congress is working on multiple bills that amount to over $2 trillion in the form of direct checks to Americans, interest-free, forgivable loans to small businesses provided they do not fire their workers, and bailouts for decimated airline, hospitality and other industries.
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