With just days left in the 2020 presidential election season, former White House communications director Anthony Scaramucci is doubling down on a Joe Biden win next Tuesday.
Scaramucci told Cheddar that "weapons-grade-style" propaganda and a focus on culture war issues, rather than his administration's response to the coronavirus pandemic, are the only reasons President Donald Trump has held onto his supporters.
"He's made us weaker, sicker, and poorer, but he's got a standing because of the way they've set this up as a culture war narrative," he said. "That's why he's still in the race. I mean, he's going to get annihilated, but he's still in the race."
Scaramucci also blamed Trump's own coronavirus diagnosis, and the erratic tweeting during his recovery, as one reason the administration was unable to push another stimulus package through Congress. He alleged that inconsistent messaging from the president gave House Speaker Nancy Pelosi an opening to delay the vote until after the election.
"He could have probably gotten one, but I think it was the unpredictability of his personality that led to where we are right now," he said of a fourth stimulus bill.
On the current polling, Scaramucci pointed out that results have been fairly consistent over the last year, as opposed to the "roller coaster movement" of the 2016 election season.
"If anything, they may tip more into [Biden's] favor because of what's going on with COVID-19 now," he said.
In the case of a loss for Trump, Scaramucci offered this insight on his former employer:
"I think he's going to surprise people because, listen, all that is bluster and overcompensation born from his personal insecurities," he said. "I think if he gets annihilated — I predict he will — he'll give a concession speech, and then he's got to figure out how to work with Vice President Biden."
The prospect of Trump denying the election results is "smoke and mirrors," he added.
A resurgent Joe Biden scored sweeping victories across the country with the backing of a diverse coalition and progressive rival Bernie Sanders seized Super Tuesday’s biggest prize with a win in California as the Democratic Party’s once-crowded presidential field suddenly transformed into a two-man contest.
The Dow Jones Industrial Average dropped 785 points and bond prices surged after an emergency interest-rate cut by the Federal Reserve failed to reassure markets racked by worries that a fast-spreading virus outbreak could lead to a recession.
HotelPlanner CEO Tim Hentschel told Cheddar that the travel industry is taking the worst hit it has seen in nearly two decades thanks to the coronavirus outbreak paralyzing multiple countries.
Stocks are whipping up and down after the Federal Reserve swooped into the market with an emergency rate cut in hopes of shielding the economy from the effects of the fast-spreading virus. Tuesday's surprise move gave stocks a strong, brief boost, but it took just 15 minutes for the gains to evaporate.
Chairman Jerome Powell said at a news conference that the virus “will surely weigh on economic activity both here and abroad for some time.” It was the Fed's first rate cut since last year, when it reduced its key short-term rate three times.
The Federal Reserve will cut interest rates by a half-percentage point in its first emergency rate cut since the Great Recession in response to the spreading coronavirus.
These are the headlines you Need 2 Know for Tuesday, March 3, 2020.
Dow Jones skyrockets on hopes central banks protect the economy from the coronavirus outbreak.
Anthony Scaramucci, the founder of SkyBridge Capital and former White House communications director, has an optimistic view of the markets going forward despite the headwinds of the COVID-19 outbreak and President Trump's handling of the health crisis.
Amy Klobuchar is ending her Democratic presidential campaign, plans to endorse Joe Biden.
