The backdrop of the 2020 presidential election has changed dramatically amid the coronavirus pandemic, but conservative policy analyst Steve Moore says President Donald Trump needs to double down on the economic policies of his first term to win over the electorate.
"Trump is going to have to be able to make two cases," Moore told Cheddar. "Number one, that he was the president who won the war against the virus, and God willing that will happen, and second of all, that he has a plan to put in place the very policies that he put in place in 2017 that worked."
But that doesn't mean it's going to be easy for Trump. A poor economy has historically been bad news for incumbents. Look no further than single-term presidents George H.W. Bush and Jimmy Carter.
"It's a brand new ball game when it comes to the presidential election. It looked like a month ago that Trump was going to win a landslide election. Now it's going to be a dog fight right to the end," he said.
For Moore, who founded the Committee to Unleash Prosperity that advocates against government spending and regulation, the fiscal and monetary stimulus are secondary to reopening up the economy as soon as possible.
He points to the steady drip of positive news coming out of states that have started to flatten the curve of infections, even as deaths rise. "This is an indication that we are getting much closer to the date at which we can reopen the economy. This is the most critical thing. It doesn't matter how many trillions of dollars of liquidity the Fed puts into the market. It doesn't matter how many trillions of dollars of spending Congress does. Those are of secondary importance to getting Americans up and working."
Moore proposed a rolling restart to the economy, in which areas less hard-hit by the virus open their businesses on a limited basis.
"We have to have testing. We have to have the best medical know-how in place," he said.
Ben & Jerry’s co-founder Jerry Greenfield is leaving the ice cream brand after 47 years. He says the freedom the company used to have to speak up on social issues has been stifled
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
