Thursday, August 6, 2020

If I understand this correctly, the New York Times is almost admitting Fucktard Trump is doing something right.

New York Times

There is a good chance that senators will not reach a deal on an economic rescue package before they leave Washington on Friday for a one-month recess. President Trump threatened to act unilaterally by issuing a series of executive orders, which may have helped lift the S&P 500 near a record high.

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Large technology stocks, which have played a large role in the rebound, rallied again. On Thursday, it was Facebook that ranked among the best performing stocks in the S&P 500, with a gain of almost 6.5 percent. Shares of Apple, Google and Microsoft were also higher, and the Nasdaq composite rose 1 percent.

The gains came despite more indications of the economic morass the United States finds itself in, and as prospects for a deal on a new financial rescue package appeared to dim.

It may have helped that President Trump on Thursday said he was willing to act unilaterally to strengthen the economy, saying he was looking at executive orders to forestall evictions, suspend payroll tax collection and provide extra unemployment aid and student loan relief.

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