Let's talk about Trump walking back the $2000 checks.... - Belle of the Ranch

Well, howdy there internet people. It's Belle again. So, today we're going to talk about Trump walking back the $2,000 checks.

Director of the National Economic Council, Kevin Hassett, started the process of shuffling the responsibility for Trump's promise checks back over to Congress, saying, "I would expect that in the new year, the president will
bring forth a proposal to Congress to make that happen."

Trump has made promises about the stimulus numerous times, often calling it a rebate, which I found funny because it includes the acknowledgement that we Americans are paying for his tariffs. Trump ally, Representative Tim Burchett, recently introduced the Trump Tariff Rebate Act, which wouldn't give checks, but would provide tax deductions.

Trump ally Senator Ron Johnson of Wisconsin said, "We're facing a deficit this year around two trillion. I think whatever revenue we get from whatever source ought to go to try and bring down those deficits." What's being left unsaid by the senator is that Trump's plan check would drastically increase the deficit even more. Because despite Trump's grandiose claims of tariff revenue, the reality is that the tariff revenue would not cover the cost of Trump's proposed checks, much less the checks to farmers, soldiers, and all the other groups Trump has promised tariff money to. The tariffs are a failure in that regard.

Does that mean that you should totally give up hope of getting something called a Trump tariff rebate check? No, not
really. It would actually be a Trump drives the country further into debt check. But you shouldn't assume it will be defeated.

But at its heart, the checks are a stimulus. Just like every other stimulus that goes out during tough economic times, it would have the same economic function as the stimulus during COVID or the one under Bush. That function is to prop up a struggling economy. The irony of course would be that this would be a self-inflicted struggling economy and the tariffs are responsible, but they try to frame it as if the tariffs were the source of the stimulus. Then the double whammy effect comes in where the one-time stimulus increases demand of certain items without
increasing supply creating higher prices which of course would likely lead to even more inflation.

So even though there's current resistance even among Trump allies to his idea of stimulus checks to prop up the economy he kicked in the knee, I wouldn't write them off just yet. There's still a chance that his allies change their minds about the necessity f them if Trump refuses to alter his economic course.

So, I guess once it's all charted, Trump is once again trying to get away from one of his promises to the working class and shuffling the responsibility to Congress who generally don't want to do it. But they might do it because Trump has hurt the economy enough to need stimulus. But then we'll likely get a little boost to the inflation rate. So, we've got
that going for us, I guess.

Anyway, it's just a thought. Y'all have a good day.