Mnuchin Suffers Public Embarrassment During ‘CNN Sunday’ Appearance


As the U.S. continues to grapple with the fallout of the Coronavirus pandemic, Treasury Secretary Steven Mnuchin went on CNN’s State of the Union this weekend to offer his perspective on efforts to get relief to those financially impacted by the Coronavirus-induced social distancing measures. He indicated that negotiators are close to agreement on hundreds of billions of new dollars for a small business support program that recently ran out of money, but in the meantime, he made the startling claim that it was supposedly his own idea to put Trump’s name on direct payment checks distributed to Americans around the country.

These checks, he said, have not yet been mailed out because the department is apparently hoping to get as many people as possible to use the option to have the money directly deposited into their bank account.

Mnuchin explained:

‘We did put the President’s name on the check. That was my idea. He is the President, and I think it’s a terrific symbol to the American public.’

Watch below:

Is that symbol supposed to be reassuring? It’s under Trump’s so-called leadership that the U.S. has hit nearly 40,000 Coronavirus deaths this weekend, by the time Mnuchin was on the air. Priorities amidst this crisis should rest with assisting those who’ve been struggling rather than launching some kind of campaign for grand symbolism in support of the public image of Donald Trump.

Mnuchin insisted that he doesn’t believe that the Coronavirus-induced economic upheaval will last into the range of years, although 22 million Americans are newly out of work because of social distancing measures, and it’s not as though every one of them can go back to work at the flip of a switch.

Mnuchin confidently insisted:

‘I think it will be months. I definitely don’t think it will be years. We are going to conquer this virus. We are going to have terrific breakthroughs. I know not just on the testing, but on the medical front. We begin to have virals, there’s things which are being developed for vaccines which will take a little bit longer… People also will react very positively that they know if they get this disease, they know there will be medical treatments available as well… I think we’ll see a big rebound.’

In fact, the city of Los Angeles, where over 500 people have died from the Coronavirus, has even stated that they might not hold large events until 2021.

Meanwhile, Mnuchin also insisted that government programs to assist individuals in the meantime were coming along just fine. Referring to the Paycheck Protection Program meant to provide money for small businesses to keep people on the payroll, Mnuchin said:

‘I think we are making a lot of progress… Let me just say on this PPP program: it was three weeks ago that the president signed the law. We had this program up and running within a week, which was unprecedented. It’s impacted now over 30 million Americans, and let me just comment: the community banks have done an extraordinary job… We’re incredibly pleased with the participation rate, and that’s why we want Congress to approve new funds right away. We think that another $300 billion, that’s what we’re talking about, should be sufficient to reach almost everybody.’

Actually, money has already been sent to large businesses before many everyday shops could get a chance.