Trump supporters will undoubtedly be very pleased with this article which shows their president in a most flattering light. He has at last ridden to the rescue of his people like a knight in shining armor, with free handouts all round. Only time will tell whether such extravagant generosity will not have to be paid for at a later date.
From Daniel Bates in New York
The Daily Mail
March 18, 2020
Donald Trump last night said he would send checks to Americans as part of a $1 trillion package to fight off the economic wreckage caused by Cornavirus. The US president plans to send out the money within weeks as senators called for handouts between $1000 and $6000 per person.
Mr Trump said he wanted to “go big” and promised that the American economy would “pop back up like nobody has seen” once the disease had been beaten.
America yesterday reached more than 5,000 cases of the virus with at least 93 deaths. New York has the most infections at 967 with ten deaths and Washington State has the most deaths, 48, with 904 cases.
Treasury secretary Steven Mnuchin last night said the measures announced by Trump would pump $1 trillion into the US economy.
Mr Mnuchin said that the first $250 billion would be sent out as checks with more to possibly come if the crisis dragged on for months. Americans would be posted checks “immediately” and there would likely be some kind of means testing to stop the rich getting them.
Mr Trump did not put a figure on the checks but a group of Senate Democrats has asked for $4,500 for every adult and child.
Mr Trump said that “we’re going big” and that he wants a “big infusion” rather than an incremental approach. He said: “We don’t want people losing their jobs or not having money to live when they were doing very well just four weeks ago.”
Mr Trump has for weeks played down the threat, comparing the virus to a minor flu. He only changed his tune on Monday but yesterday claimed he “always viewed it as very serious”.
After Trump laid out his plans the Dow Jones rallied nearly 6 per cent.
Last night, vice-president Mike Pence said that the Army Corps of Engineers was getting ready to help turn buildings into field hospitals to deal with the surge of patients.
Donald Trump has sparked a diplomatic row with Beijing after calling the Coronavirus a “Chinese virus” on Twitter. The president’s comments were yesterday condemned by China as “despicable” and worsened US-China relations at a time they are already under intense strain over trade.
Sourced from The Daily Mail, March 18, 2020, p. 8