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Big League Economics

President Trump Appoints Vince McMahon, Sports Leagues Commissioners to Economic Recovery Team

Sports leagues are vital for many communities.

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President Donald Trump has announced his intention to nominate WWE legend Vince McMahon and the commissioners of several major American sports leagues to an advisory group on the matter of reopening the US economy.

Some of the most prominent individuals in American sports will be on the commission, which Trump announced at Wednesday’s press conference. He stated that the New England Patriots’ Robert Craft, the NFL’s Roger Goodell, MLB’s Rob Manfred, and the NHL’s Gary Bettman. Mark Cuban, the owner of the Dallas Mavericks, will also be on the commission.

President Trump has a lengthy friendship with McMahon, even going so far as to compete against McMahon personally in a WWE event. McMahon recently had to terminate the operations of the XFL, a spring football league originally intended to compete with the NFL, due to the national coronavirus epidemic.

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Sports leagues were among the first major American institutions to suspend operations as the coronavirus epidemic began, with the prospect of tens of thousands of people gathering in relative proximity being a total no-go in the midst of the highly contagious pandemic. Major League Baseball is even considering starting its regular season entirely in Arizona spring training facilities, in games played without fans.

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The creation of advisory boards on the matter of reopening the economy doesn’t mean everything is going to open back up tomorrow. The commissioners of sports leagues suspended their league operations before state and federal social distancing requirements were enacted, putting a halt to their profitable businesses.

It’s likely the economic advisors will come up with a plan to gradually phase everyday American institutions and workplaces back into operation.

Big League Economics

SHAME: Democrats Are Blocking Stimulus Legislation That Includes Second $1,200 TrumpBux Check

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Democrats in Congress are blocking a bipartisan $1.5 trillion stimulus package that includes a second round of $1,200 TrumpBux payments to Americans.

Leading House Democrats are saying the bill isn’t big enough of a giveaway, but they favor stimulus measures that would divert funds away from the pockets of everyday Americans to institutions. They want to bail out Democrat state and local governments, and are willing to block TrumpBux payments to Americans if they aren’t allowed to.

The House passed a $3.4 trillion stimulus package in May that was shot down by Senate Republicans. The latest $1.4 stimulus legislation has been presented as a compromise, after House Democrats in turn rejected a thin $500 billion stimulus package proposed by Republicans last week. That package did not include a second round of $1,200 payments, and Republicans are now willing to sign off on another TrumpBux payment in order to pass another round of stimulus.

The $1.5 trillion stimulus legislation emerged from the Problem Solvers Caucus, a group of 25 Republicans and 25 Democrats who emphasize bipartisanship and common ground. Aside from TrumpBux 2, it features $500 billion for cities and states, unemployment insurance of $600 a week, increased SNAP benefits and rental assistance.

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Steny Hoyer and Nancy Pelosi are claiming the legislation doesn’t go far enough and that it “leaves too many needs unmet.”

Pelosi and House Democrats are insisting that Congress will remain in session until a second stimulus agreement is met, but in rejecting the Problem Solvers Caucus legislation they’re already shown they’re not open to a generous compromise.

Try asking everyday working Americans of all stripes and walks of life if they’re willing to wait or even go without a second $1,200 stimulus payment in order to provide a bigger bailout to states and cities that already engage in questionable budgetary practices to begin with. The Democrats are resolutely determined to avoid making people the priority in  a stimulus package, and will block stimulus legislation to do so.

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