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Steve Mnuchin: Economy Will Bounce Back Quickly In July, August

The federal government is prepared for a recovery on the horizon.

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Treasury Secretary Steve Mnuchin predicted that the American economy will bounce back in significant fashion in the summer months during an appearance on Fox News with Chris Wallace on Sunday, citing the significant significant relief the federal government has spent to stimulate the economy in the midst of the coronavirus recession.

I think as we begin to reopen the economy in May and June, you’re going to see the economy really bounce back in July, August, September,” Mnuchin predicted. “And we are putting in a unprecedented amount of fiscal relief into the economy. You’re seeing trillions of dollars that’s making its way into the economy, and I think this is going to have a significant impact.”

Mnuchin had acted as the Trump administration’s point man in securing the passage of the $2 trillion CARES Act coronavirus stimulus, providing significant cash relief to small businesses dealing with the fallout of the unprecedented situation, as well as providing a $1,200 TrumpBux payment to most Americans who reported less than $75,000 of income on their 2018 or 2019 tax return.

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Mnuchin rejected a comparison of the current coronavirus recession to the 2007 financial crisis, pointing out the situation was a result of a phenomenon that is medical, not economic. The Treasury Secretary predicted that the nation’s economy would respond to reopening in opposite form as it reacted to its closure in March as a result of the spreading virus.

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My own opinion is, again, we have unprecedented amount of liquidity in the system,” Mnuchin argued. “We’re very sympathetic to all the people that are out of work. But there is enhanced unemployment, there’s the PPP, there’s direct deposits. This is going to put a lot of liquidity. And as businesses begin to open, you’re going to see demand side of the economy rebound.

Big League Economics

Lindsey Graham Leads Senate RINO Coalition Urging President Trump to Protect Foreign Worker Visas

Graham led the letter of RINOs urging Trump to protect foreign labor.

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Sen. Lindsey Graham (R-SC) is leading a coalition of RINOs in the Senate urging President Donald Trump to keep visas for foreign workers to take U.S. jobs.

Graham is joined by fellow RINO Sens. John Cornyn of Texas, Mike Crapo of Idaho, James Risch of Idaho, Mike Rounds of South Dakota, Todd Young of Indiana, Lisa Murkowski of Alaska, Dan Sullivan of Alaska, and James Lankford of Oklahoma in signing onto the letter that has the audacity to claim that these foreigners taking jobs from U.S.-born workers will help the economic recovery from the coronavirus pandemic.

“The coronavirus pandemic has brought devastating loss of life and livelihood across our country. As we begin to reopen, we know you have many difficult decisions to make to ensure the road to recovery balances economic wellbeing with the safety of every American,” the letter states.

“In part, that balance requires consideration of vulnerable American businesses across all industry sectors, including farming, forestry, packing, hospitality, healthcare, and communications and information technology, all which rely on non-immigrant guest workers to survive,” they added – showing that they care more about protecting corporate profits than protecting American workers.

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The letter urges for Trump to specifically protect the H-2A and H-2B programs to keep so-called temporary workers in the country to steal jobs from American workers who desperately need them.

“As you know, the H-2A and H-2B programs are temporary and seasonal guest worker visa programs that allow businesses to find the help they need when no American worker is available or qualified to fill in the gaps,” they wrote, adding that they hoped the Trump administration would “continue to protect American farmers and other small business owners who work hard to provide our country with fresh food and other vital services by not pausing issuance of H-2A visas in the future.”

The entirety of the letter can be seen here:

The letter comes in stark contrast to another letter issued by young “America First” conservatives urging President Trump to put U.S. workers first.

Big League Politics reported on how one right-wing student leader appeared last night on Fox News’ “Tucker Carlson Tongiht” to discuss the necessity of protecting U.S. workers during the coronavirus pandemic:

San Diego State College Republicans President Oliver Krvaric called for President Donald Trump to end the H-1B and OPT foreign worker programs during an appearance on Tucker Carlson Tonight on Tuesday, citing the danger the frequently abused cheap labor programs pose to the economic prospects of American college graduates.

“So essentially this giving a signal to this administration, letting them know that there is an appetite- especially among young likely voters to take care of the egregious H1B and OPT abuse that’s displacing American graduates and professionals across the board,” he said.

Krvaric had joined a coalition of College Republican groups across the country calling for an end to the visa worker programs in the midst of the recession. President Trump already enacted what has been called an immigration moratorium, but a lobbying effort by White House liberal Jared Kushner on behalf of globalist business groups limited Trump’s executive order to a few immigration restrictions.

The letter from the college Republican coalition staked out several policy proposals that would give American college graduates a real stake in mitigating the effects of the coronavirus recession.

President Trump should listen to his constituents who put him in the White House instead of the RINOs who he was elected to rebuke on immigration and other key issues.

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