Why Trump Rushed to Get a Budget Deal
If anyone wants to understand first why Trump making a budget deal is so important they need to look no further than a Washington Post article by Heather Long explaining why it was so important titled “With the debt ceiling, President Trump is playing with fire.”
It was previously believed that Trump had a 5% chance of raising the debt limit. Stocks would go down and it would have a negative reaction on bonds too. The worst case scenario that could occur was that we would have a recession.
We would lose soft power because the United States of America has always been perceived as being a reliable economic power and our cheap funding source would end.
Given these reasons, and given recent events one would wonder if Trump would pander to his conservative base and Republican allies.But, in this circumstance, he dealt with the Democrats in his typical deal-making style that he is famously known for from The Art of the Deal.
Trump has been pretty disappointed with having no major legislative victories Trump Bypasses Republicans to Strike Deal on Debt Limit and Harvey Aid but has shown as such he is willing to work with Democrats. He passed the Hurricane Harvey relief fund 419-3, and, in the meeting Trump accepted a Democratic proposal that was rejected earlier in the day by Speaker of the House Paul Ryan of Wisconsin.
Trump not only accepted the spending bill that the Democrats proposed, but, also was willing to accept the Democrat’s proposal on how they will deal with DACA.
“We had a very good meeting with Nancy Pelosi and Chuck Schumer. Chuck and Nancy would like to see something happen, and so do I.”
Senator Mitch McConnell of Kentucky had a different sentiment:
“Look, the president can speak for himself, but his feeling was that we needed to come together to not create a picture of divisiveness at a time of genuine national crisis, and that was the rationale.”
Trump has bucked the Republican party on the front of budget. Later Mitch McConnell was quoted as saying that Trump agreed with Nancy Pelosi and Chuck Schumer To Allies’ Chagrin, Trump Swerves Left. Paul Ryan suggests that while he has come to expect certain decisions to be made by Trump, he doesn’t think that Trump fully understands the ramifications of his decision.
Trump shifting to the left on the Democrats for both economics and immigration of course has some Republicans up in arms over the changes. While establishment Republicans such as Mitch McConnell may be reluctantly okay with Trump dealing with the Democrats, Stephen Bannon, the current editor in Chief at Breitbart is having fun with getting his revenge on the WH saying that they’ve moved the September anti-immigration issues up to December Meet the Swamp: Donald Trump Punts September Agenda to December After Meeting With Congress.
The New York Times is already saying that Bound to No Party, Trump Upends 150 Years of Two-Party System. That may be a bit of a stretch, but we will see whether he is truly being an independently minded President, or if he was acting out of political necessity to pass the budget-deal.
We will keep you posted on further updates for the matter.