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Treasury Secretary Steven Mnuchin Discusses Coronavirus Relief Bill…

Added 03-26-20 03:36:03pm EST - “On the heels of more than three million new unemployment claims, Treasury Secretary Steven Mnuchin calls in to CNBC for a phone interview to discuss the coronavirus relief bill that passed last nig?” - Theconservativetreehouse.com

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Posted By TheNewsCommenter: From Theconservativetreehouse.com: “Treasury Secretary Steven Mnuchin Discusses Coronavirus Relief Bill…”. Below is an excerpt from the article.

On the heels of more than three million new unemployment claims, Treasury Secretary Steven Mnuchin calls in to CNBC for a phone interview to discuss the coronavirus relief bill that passed last night.

Mnuchin was asked about his reaction to seeing the 3.28 million new unemployment claims reported for the past week during the interview. Mnuchin said, “To be honest, I think these numbers right now aren’t relevant whether they’re bigger or shorter in the short term.”  WATCH:

The fact of the matter is that Congress can’t spend any of this money…only President Trump can.

So, methinks our POTUS has decided to go “all in” (poker parlance) on this fall’s election – he will spend whatever is necessary to deal with the WuFlu crisis and drag his feet on all other spending for non-crisis projects. Since this is not a regular appropriations bill to fund various Cabinet Departments thru a fiscal year I don’t believe the funds have to be spent by a date certain. So, when the Kennedy Center vampires approach him for their share of the loot, he will demur and say their plans need some “further study”. Then, when our VSG wins handily in November and brings back a GOP Congress (both houses), he will simply refuse to spend these funds for the good of our country’s fiscal health…and who is gonna stop him once Nancy has to pass the gavel back to a Republican Speaker come January 2021? If the Dimms control neither side of Capitol Hill, then who can bring suit to the Federal Courts for what is largely the old Nixon ploy of “impoundment”? Meanwhile, a new budget cycle will be underway and all of this WuFlu stuff will simply be old news.

Anyway, that’s my take based upon 42 years of working in the belly of the beast, but, hey, what do I know?

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