Trump's economic dilemma sharpens as Biden gets set for 2020 race
April 9, 2020. Summarized by summa-bot.
TOPSHOT - US President Donald Trump takes part in the daily briefing on the novel coronavirus, COVID-19, in the Brady Briefing Room at the White House on April 1, 2020, in Washington, DC. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)
President Donald Trump finally has his 2020 election opponent, but he's missing the crucial asset on which he anchored his bid for a second term: a roaring economy.
(CNN)President Donald Trump finally has his 2020 election opponent, but he's missing the crucial asset on which he anchored his bid for a second term: a roaring economy.
Joe Biden's triumph in the Democratic primary after Bernie Sanders called it quits and a hopeful sign in a downward revision of projected Covid-19 deaths are lending new political urgency to the unique and agonizing dilemma facing Trump.
Given the huge pressures, the President -- who just a few weeks ago predicted he could get the economy raring by Easter -- was unusually circumspect at his daily briefing on Wednesday.
Trump has long predicted that the economy will go back up like a "rocket" when it emerges from its suspended state.
After that, there is going to be enormous pressure on the medical advisers -- presumably from the President -- but also his economic team, to permit a rapid reopening of the economy.
And it could give fuel to Democratic charges that Trump lacks the leadership skills to get America out of the hole and should hand it over to Biden -- a man who helped author the rebound from the Great Recession by overseeing President Barack Obama's massive economic recovery law.
In March, 54% said they approved of Trump's handling of the economy.
Still, there is some hope for Trump, given that two-thirds of those asked believe the economy will be in good shape a year from now.
And ultimately, the President's hopes of a roaring economic rebound might rest with the very American people who are being credited with making sacrifices to check the virus' spread.
But the experience of South Korea, which did a good job of containing the virus and is starting to open its economy, suggests that people may be initially reticent to cram back into bars, restaurants and public transport.