Who says there’s not enough bipartisanship in Washington? President Donald Trump is praising House Speaker Nancy Pelosi and urging Congress to follow her lead by passing yet another $2 trillion coronavirus bill that would “invest” in infrastructure.
What a sight to behold, a country in crisis inspires its leaders to come together for the common good. Even better, by forcing more debt and inflation on Americans, the economy can finally get roaring again!
That demented logic prevails in Washington, D.C., and the swamp-drainer-in-chief is no exception.
Fresh off signing the most expensive bill in American history, more than twice the cost of FDR’s New Deal, Trump is ready for whatever Pelosi throws at him next, as long as it also costs at least $2 trillion.
On Monday, Pelosi unveiled her wishlist for what she called “Phase 4” of Congress’s response to COVID-19. This fourth bill could very well be bigger than the previous three, setting a new price tag record.
The San Francisco Democrat listed “more direct payments,” “more opportunity for family and medical leave,” and an infrastructure megaproject.
“She wasn’t bad,” Trump tweeted after watching Pelosi’s press conference.
“With interest rates for the United States being at ZERO, this is the time to do our decades long awaited Infrastructure Bill. It should be VERY BIG & BOLD, Two Trillion Dollars, and be focused solely on jobs and rebuilding the once great infrastructure of our Country! Phase 4,” Trump wrote, adopting Pelosi’s term for the forthcoming proposal.
Sadly, a large quantity of Americans seem eager to take the fast lane on this road to serfdom, even as the economic and civil liberties restrictions pile up under the guise of a public health emergency.
Economist Peter Schiff, who predicted the 2008 financial crisis, has been sounding the alarm that another crash is imminent since the Federal Reserve dropped interest rates to zero, promising to monetize debt without restraint or limit.
“President @realDonaldTrump thinks it’s the perfect time for the government to borrow trillions more to improve our infrastructure. That’s like a guy who just lost his job deciding it’s the perfect time to take out a second mortgage to put in the swimming pool he’s always wanted,” Schiff tweeted.
To extend the analogy, Trump is gaining support for the project by promising the biggest pool party ever. All politicians and special interests are invited.
There is no opposition to this profligate spending. Senate Majority Leader Mitch McConnell just wants to wait “a few weeks” to see how the other $2.2 trillion stimulus bill plays out first.
It doesn’t actually matter what happens in a few weeks though. When government policies go horribly wrong, a bureaucrat knows that just means the policy wasn’t enacted with enough gusto.
The coronavirus pandemic remains the sole focus of the country to the detriment of the people. Worse than the disease is the government’s cure.