×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Skip to main content
Tags: stevemoore | economic | stimulus | democrats | reopen

Stephen Moore: US Doesn't Need $2.2T Bailout, It Needs to Open

Stephen Moore: US Doesn't Need $2.2T Bailout, It Needs to Open

By    |   Sunday, 11 October 2020 12:36 PM EDT

The United States economy does not need the $2.2 trillion stimulus bill pushed through by House Democrats, it needs Democrat-led states to reopen, according to Trump campaign economic adviser Steve Moore.

"At this point, I'm not so sure we need a $2 trillion stimulus," Moore told Sunday's "The Cats Roundtable" on WABC 770 AM-N.Y. "I just don't think it's necessary or necessarily helpful when we already have a $3 trillion deficit."

Moore added to told host John Catsimatidis, "Trump has been very much in command here and I think the fourth quarter will be just as strong as the third quarter."

Moore pointed to economic indicators of the long promised "v-shape" recovery from the global coronavirus pandemic economic shutdowns.

"The economy really is showing signs of picking up; I don't care what the newspapers say; I don't care what [moderator] Susan Page said at the vice presidential debate," Moore said. "She was saying the economy is falling down. I don't see that.

"I see really strong numbers coming in for the third quarter, which ended Sept. 30; there'll be 30% to 35% growth, which shatters the all-time record for growth in one quarter. The numbers on jobs are positive."

Moore has witnessed airline travel picking up, calling it "evidence business is getting back to usual, especially in about the 10 states that have opened up their economies."

"That's an indication we're getting back to some degree of normalcy," Moore told Catsimatidis.

Moore also pointed to the latest Gallup Poll that found 56% of Americans feel they are better off today, even amid the global coronavirus pandemic and Democrat-led shutdowns, than they were under the last year of former President Barack Obama and Vice President Joe Biden's administration.

"People are getting back to feeling a little bit better about things," Moore added. "They see a light at the end of the tunnel, and that to me argues against changing the captain of the ship."

© 2023 Newsmax. All rights reserved.


US
The United States economy does not need the $2.2 trillion stimulus bill pushed through by House Democrats, it needs Democrat-led states to reopen, according to Trump campaign economic adviser Steve Moore.
stevemoore, economic, stimulus, democrats, reopen
323
2020-36-11
Sunday, 11 October 2020 12:36 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved