Hi everyone, this is Dr. Nitin Chhoda with
Ignition Time. In this video I'm
going to give you a frame by frame analysis
of the President's historic press
conference where he made some pretty
unprecedented decisions and
announcements that are going to shake up
the political landscape, the legal landscape,
the unemployment benefits, the eviction
landscape, the student loan landscape
across the country. I'm going to give you
a quick analysis and I'm going to let
you listen to the President
immediately after my analysis. So you can
see what the President said and then you
will have a quick,
you'll have a quick understanding of the
entire situation. To start with
the President talked about the state of
the current negotiations. If you've been
following my channel
you know that the white house negotiator
Steven Mnuchin and Mark Meadows
on one side
and the two top democrats, Nancy Pelosi
house speaker and the senate minority
leader Chuck Schumer on the other side
have met for almost two weeks. They had
several meetings including a meeting
as recent as yesterday where they simply
had no consensus. So the President simply
decided to take matters into his own
hands and he took unilateral action.
In fact, he
said we have tried repeatedly.
He said the democrats have refused to
negotiate. This is what he said
"the democrats I'm sure would disagree
with that" and he said they want bailout
money for poorly run democratic states
for many years
and we are not willing to do that. He
said hopefully we can do something with
them at a later date. So he did leave the
door open.
But then the measures that he took, the
moves that he made at this press
conference pretty much
are going to shut the door in my opinion
with any future negotiations with the
democrats because
this creates a showdown if you will, a
political showdown. He said
we are going to sign some bills to
pretty much take care of the entire situation
and he said one third of their bill, one
third of their proposals had nothing to
do with the pandemic. Let's watch what the
President had to say about this
in his own words. In the current
negotiations we have repeatedly stated our
willingness to immediately sign legislation
providing expanded unemployment benefits,
protecting americans from eviction
and providing additional relief payments
to families.
Democrats have refused these offers. They
want to negotiate
what they really want is bailout money
for states that are
run by democrat governors and mayors and
that have been run very badly for many
many years and many decades. In fact, you
know the states everybody knows who
we're talking about and what we're
talking about. I don't think we have to
go over it.
But what the democrats primarily want is
bailout money, has nothing to do with the
China virus.
It has nothing to do with anything that
we've been talking about over the last
period of time. They want to bail out
states that have been badly managed by
democrats, badly run by democrats
for many years.
And in fact, in all cases many decades
and we're not willing to do that. Nancy
Pelosi and Chuck Schumer have chosen to
hold this vital assistance hostage
on behalf of very extreme partisan
demands and
the radical left democrats and we just
can't do that. So hopefully we can do
something with them at a later date but
we're going to be signing some bills in
a little while that
are going to be very important and we'll
take care of pretty much this entire situation.
As we know it and as you have been
covering it in some cases actually
covering it accurately.
Many of the far left policies
they're pushing have nothing to do. Again with
what we have been working on so hard namely
the Corona
you can call it so many different names.
What a horrible thing
China released upon the world.
One third of
their bill the heroes act is spending
completely unrelated
money to the virus now in the second
segment the president set up
what i call as the political showdown
and i believe he set the stage for
what's going to be the next
big topic of conversation leading up to
the presidential elections he talked
about
voter fraud and the problem with mail-in
ballots and he specifically
said that some he specifically said that
the other side
could be trying to steal the election so
he talked about joe biden and vote id
he talked about like i said what i think
is going to be the next big topic of
conversation
in the country it's going to be an
extremely controversial and extremely
divisive topic
in the country and it is setting up like
i mentioned what i call as a political
showdown
and just as president trump back in 2016
made immigration
a major issue he made the the wall a
major issue he is now making
voter id and mail-in ballots the issue
leading up to the 2020 presidential
elections
let's watch what the president said here
are just a few of the policies in their
extreme left bill and again this is a
bill
supported by biden and uh
biden is totally controlled now by the
bernie sanders left wing
of the party and in fact he's gone
further left than bernie sanders ever
dreamt of going
so obviously other than bernie have
brought him left if you look at the
manifesto that they've agreed to
it's far further left than i've ever
heard anything about bernie sanders the
massive
taxpayer bailout of badly run blue
states we talked about that's one of the
things they're
looking to do measures designed to
increase voter fraud
banning voter id they want to ban voter
id we should have voter id in every
state
every state should have voter id you
have id on everything you do practically
everybody has voter id if everybody has
id
except for voters when you vote you
don't want id they don't want we have
some states with it it works out great
and if you want to stop fraud and
elections have voter id
they want measures designed to increase
voter fraud which is banning voter id in
all states
and banning requirements for signature
verification
in federal elections now why would they
want
in this bill which really has nothing to
do with what we're talking about
stimulus something banning voter id
in every single state they want to ban
it including states where we already
have it because we have some states
where we have it
indiana and others that do very well why
would they want to ban voter id in all
states
and why would they want to ban
requirements for signature verification
in federal election who would want
a bill banning signature verification
what's that all about you know what it's
about fraud
that's what they want fraud they want to
try and steal this election
because frankly it's the only way they
can win the election
the bill also requires all states to do
universal mail-in
balloting which nobody is
nobody's prepared for regardless of
whether or not they have the
infrastructure
they want to steal an election that's
all this is all about they want to steal
the election
now this is the segment where the
political division the bipartisanship
the division is essentially magnified
with things that president says the
president said and i
quote the democratic bill includes
checks for illegal aliens democrats want
open borders democrats want
mass release of illegal uh aliens from
detention they want mass release of
inmates including see
uh serious felons he said what does this
have to do with the stimulus and the
economy what does this have to do with
the pandemic
so again he was setting up what is
essentially a political showdown like i
mentioned
in this video i want you to watch and
listen to yourself now the democrats are
going to disagree with the
characterization of the president
but what's important here is that a lot
of the partisanship a lot of the
division that already exists in our
country
leading up to the election is now going
to get magnified
let's watch what the president said it's
ridiculous
it's horrible it's a horrible thing the
democrat bill includes stimulus checks
for illegal aliens so if you were able
to get into their country illegally and
our borders
as you know doing very well right now we
have a very strong border and the wall
is up to 276 miles
and will be completed with it around the
end of the year
we're going to do some extra mileage in
certain areas that people didn't realize
were so bad so we'll be completed with
it
right after we're going to do the
additional mileage we'll do it probably
a little bit after the year
i think from what i've heard uh joe
biden sleepy joe wants to rip the wall
down
he wants people to pour into our country
they want to have open borders we don't
want to have open borders
so the democrat bill includes stimulus
checks for illegal aliens they require
the mass release of illegal aliens from
detention they also compel the mass
release
of inmates including serious felons
how do you like that one and this is in
the bill that we're talking about what
does this have to do with stimulus the
economy
what does this have to do with the
coronavirus
another name what does this have to do
with this
the president continued with his
comments about the democrats and he said
that the democrats are blocking support
for k-12 schools to help them safely
reopen he said the democrats are
blocking support for the paycheck
protection program
the second version of the paycheck
protection program if you will
additional money for hospitals testing
as well as vaccines he said the
democrats are actively blocking
things that we want that are good for
the people direct payments of thirty
four hundred dollars for a family of
four because
if a family gets twelve hundred dollars
for each spouse
and then five hundred dollars per
dependent that's thirty four hundred
dollars
for a family of four he said democrats
are blocking funding for child care and
mental health care now i can
i can promise you that house speaker
nancy pelosi
and the senate minority leader chuck
schumer are going to have a major
problem with this
they're going to say that's not true
they're going to call it a
mischaracterization which again sets the
stage
for more partisanship more of a bitter
battle if you will because we find
ourselves in a situation where each side
is taking more and more entrenched
positions
what we really need is more consensus
more agreement
and you know i'm going to cover what's
going to happen next but it's anybody's
guess what's going to happen next
in terms of the reaction from the
democrats and in terms of whether all of
these moves are going to be seeing
any kind of legal battles let's watch
what the president had to say
in addition to demanding these extreme
partisan provisions democrats are
actively blocking
the following measures support for k-12
schools to help them safely open
additional funding for the paycheck
protection program
to help millions of workers on the
payroll
this is a great program very successful
kept a lot of businesses open that's why
we're doing so well in reopening our
country
additional money for hospitals testing
and vaccines
direct payments of three thousand four
hundred dollars for a family of four
now remember this is what the extreme
partisans this we got we have to this is
what we're talking about
democrats are actively blocking the
things that we want
and what we want is good for people
those these are things that they're
blocking
support for k-12 schools so they can
open
think of that also direct payments of
the three thousand
four hundred dollars for a family of
four plus
then funding for child care and mental
health care
and you need that especially when you
have so much of a lockdown
you need that mental health care funding
for broadband
airports and agriculture rental
assistance
and support for community banks and
credit unions to help them provide
100 billion dollars in loans to the
hardest
hit communities including rural
communities and farmers they don't want
anybody to get that now this is the part
of the press conference where things
took a pretty dramatic turn
pretty quickly as is quite common in
these kinds of press conferences the
president said
we've had it i'm taking executive action
so he said we've had it
i'm taking executive action he said we
are providing a payroll tax holiday to
americans earning less than one hundred
thousand dollars
employers will defer payment of employee
portion initially he said it would be
starting september 1st and he said
august 1st through the end of the year
and he said this would mean bigger
paychecks for working families in other
words
the you would go home with a bigger
paycheck if you made less than 100 000
a year now he also said if i am
victorious
on november 3rd i will forgive these
payroll taxes if i win
i may extend it beyond the end of the
year and terminate the tax now this is
very interesting for a number of reasons
number one
why wait until you win to forgive the
payroll tax so that's the first question
that actually
occurred to me number two he said if i
win i may extend it beyond the end of
the year and terminate the tax
if you terminate the payroll tax how are
we going to get funding
for medicare and social security because
the payroll tax base for medicare and
social security
america is already underfunded and
social security as a program
is expected to run out of money at some
point in time unless changes are made to
introduce more money into social
security so how do you
essentially take the bottom out of
social security and how do you make that
a condition of you getting reelected i
just thought that that was
i've never seen anybody i've never seen
any president make that kind of a
that kind of a statement so that that
was interesting but again the president
said
that there would be bigger checks for
working families if i'm victorious on
november 3rd i will forgive those
payroll taxes
so in other words he's saying that if
you elect me i will forgive the payroll
taxes and
that um that is you know that is
essentially like telling someone hey
you know i'm giving you money and if you
elect me the money will be forgiven
so um you know um interpret that however
you
want um and he said if i win i may
extend it beyond the end of the year
and terminate the tax so again which
raises the question what's going to
happen to the funding
for america and social security let's
watch what the president had to say
democrats are obstructing all of it
therefore i'm
taking executive action we've had it
and we're going to save american jobs
and provide
relief to the american workers that i'll
be signing
these bills in a very short period of
time
first one is on providing a payroll tax
holiday
to americans earning less than one
hundred thousand dollars per year in a
few
moments i will sign a directive
instructing the treasury department to
allow
employers to defer payment of the
employee
portion of certain payroll taxes from
september 1st
and we're actually going to be making
that we just got the word
we're just getting some uh word from a
lot of people we didn't think we'd have
to do this because we thought the
democrats would be reasonable but
they've been not
only unreasonable they've been
ridiculous
so we're going to make that august first
most likely it'll be august 1st
we'll let you know the exact date but
we're looking like august 1st
so be august 1st through the end of 2020
this will mean bigger paychecks for
working families as we race to
produce a vaccine and eradicate the
china virus once and for all and
we're doing very good with the numbers
you see it's going down in
arizona very very substantially and
rapidly going down in california going
down in texas going down in florida
other areas are propping up a little bit
but we're watching them very closely we
understand the disease that we're
watching them very closely especially
our senior citizens and our
senior citizens residences
if i'm victorious on november 3rd i plan
to forgive these taxes and make
permanent cuts
to the payroll tax so i'm going to make
them all permanent
now as you can see i've been analyzing
this press conference very very closely
in
this part of the press conference
president trump said i'm signing an
executive order
directing the department of housing and
urban development hhs and cdc
to make sure renters and homeowners can
stay in their homes i'm protecting he
said i'm protecting people from eviction
now this sounds this sounds great
politically right i am protecting
people from eviction he said uh that he
told the democrats let's do that
separately and they didn't want to
protect people from eviction
so again the positioning from the
president is that i
told them that we want to do it
separately but they said no and
therefore i want to protect people from
eviction
and they meaning the democrats meaning
house speaker nancy pelosi and chuck
schumer
did not want to protect people from
eviction this is what the president
is presenting at the press conference he
said it's not their fault
that this and he was talking about
individuals who were facing eviction
it's not their fault that this pandemic
came into our country
he did say it came in from you know from
china he said i am again
he reiterated i am protecting people
from eviction he said we are helping
other countries with thousands
and thousands of ventilators he talked
about the leadership that the united
states is
is demonstrating by helping other
countries by sending ventilators to
other countries
and he said this is the important part
the department of housing and urban
development will provide financial
assistance
to struggling renters homeowners and
work with landlords
and lenders meaning the banks that lend
the money
he said we'll work with them to keep
americans safely in their homes
so we don't want people getting evicted
and he said
the act that i'm signing will and i
quote will solve that problem largely
hopefully completely now keep in mind
that this does not answer the question
how many renters are covered who's
covered how long will the extension of
eviction moratoriums last
and i'm assuming there is an eviction of
there is an extension of the eviction
moratorium here we'll see
exactly what the president signed
because we'll get that information
shortly
is there any dollar amount for enters in
terms of assistance to cover background
and who is actually covered are
individuals with a certain income level
covered are individuals
uh covered only if their landlord has a
federal loan how
how does this all exactly work that is
still not clear but let's watch
what the president had to say about this
and after this we'll talk about what the
president
said about unemployment benefits
extension but first let's watch what the
president said
about the eviction for renters
second i'm signing an executive order
directing the department of housing and
urban development
hhs and cdc to make sure
renters and homeowners can stay in their
homes
so i'm protecting people from eviction
yet you've been hearing a lot about
eviction and
the democrats don't want to do anything
having to do with protecting people from
eviction i said let's do that separately
that could be a totally separate thing
from
passing along money so people can live
and they didn't even want to protect
people from eviction so
they would get evicted it's not their
fault that
this virus came into our country it's
china's fault and came into the world by
the way a lot of the people
a lot of the states that uh
were doing the best are having some
problems a lot of the states that we
weren't thinking were
doing the best are doing very well you
look at some of the countries
involved some of the countries that were
really standing out as examples are now
uh exploding but they'll get it down
they understand it we're dealing with
them we're dealing with a lot of
countries we're providing thousands and
thousands of ventilators all over the
world right now
we make a lot of ventilators we've
started off with very little and we're
making a lot
and we have thousands in our stockpile
but we're making thousands a month
and we're providing many of them
thousands and thousands to other
countries that would never be able to
get him
the department of housing and urban
development will also provide financial
assistance to struggling renters
and homeowners and work with landlords
and lenders to keep americans
safely in their homes so we don't want
people being evicted
and the bill the act that i'm signing
will
solve that problem largely hopefully
completely
now in this segment which is probably
the key segment for a lot of
individuals on my channel for a lot of
my viewers subscribers and for
over 30 million americans unemployment
benefit extension here's what the
president said the president said with
the third action he's providing
additional support for americans who are
unemployed due to the china pandemic
he calls it the china pandemic he said
congressional democrats have stonewalled
our efforts to extend this relief he
said they opposed return to work bonuses
so essentially
the president is setting setting up all
the blame on the democrats and saying
they are the ones who created the
problem
i'm the one who's solving the problem he
said for this reason i'm taking action
to provide
additional relief 400 a week in expanded
benefits now keep in mind
these are enhanced unemployment benefits
on top of the state unemployment
benefits okay
so he said expanded benefits states will
be asked to cover 25 percent of the cost
using existing funding so he's talking
about tens of billions of dollars
that he says the states already have
because of the pandemic relief fund and
he said states can offer extended
benefits
and the federal government will cover 75
percent of the cost so that means
citizens can expect the state
unemployment benefits on top of that 400
a week 75 percent of that 400
will come from the federal government
the remaining 25 which is 100
a week will come from the states and he
said they want
and he talked about the democrats he
said they want all of the additional
things that have nothing to do
with the pandemic basically alluding
that that's why talks didn't come
together about unemployment benefit
extensions he did say something that was
really key he said we are doing this
without the democrats he said we are
doing this without the democrats
now just to be clear a lot of experts
economists a lot of legal scholars
and you'll see this you'll see this all
over the news channels
a lot of this a lot of economists and a
lot of legal experts believe that
by definition the administration of
unemployment insurance
must conform with federal law and there
is no federal
law currently on the books allowing for
an additional sum
now even though the president is the
chief executive if he
says something but the law doesn't exist
for that something
right how is that supposed to be
interpreted so that is going to be the
key question
that is going to be extensively debated
it's going to be something that the
democrats are going to challenge but it
does put them
in a very difficult situation in the
court of public opinion because if they
oppose the 400
a week now suddenly they look bad
remember remember one thing there is
always
a political reason to do something there
is the legal
feasibility of doing that something and
in this case we've entered the gray area
and then on the on the other hand
there's a court of public opinion
now president trump i believe
understands the court of public opinion
and
he has taken what i consider to be a
political gamble
that if the democrats oppose that it
essentially puts them in a checkmate
situation
and if they don't oppose that he comes
back and becomes a savior
in life and in business you know it's
it's usually a case of heads you win
tails you lose but in this case it seems
to be a case of
heads i win tales i don't lose let's
watch
what the president said about
unemployment benefits extension
the third action i'm taking today will
also provide additional support for
americans
who are unemployed due to the china
virus
under the cares act i proudly signed
expanded unemployment benefits into law
congressional democrats have stonewalled
our efforts to extend this relief they
even opposed measures that would give
bonuses to workers returning to the job
they were totally opposed to that for
this reason i'm taking action to provide
an additional
or an extra four hundred dollars per
week at expanded benefits
four hundred dollars okay
so that's generous but we want to take
care of our people again it wasn't their
fault it was china's fault
states will be asked to cover 25 percent
of the costs using existing funding
such as the tens of billions of dollars
available to them
through the coronavirus relief fund
under this plan states will be able to
offer greater benefits if they so choose
and the federal government will cover 75
of the cost
so we're all set up it's 400 per week
and we're doing that without the
democrats we should have been able to do
it very easily with them but they want
all of these additional things that have
nothing to do with helping
people in the next segment of this press
conference president trump talks about
student loan payments bringing them down
to zero
providing relief to students but he says
something towards the end of this
segment that i believe
is again going to set up a lot of
division a lot of partisanship
i can virtually guarantee you that the
conservative news stations will be
covering this
and the the the more liberal news
stations will not be covering this
and there's going to be a lot of
controversy about this in certain news
outlets
and i do believe that this will be
significantly blown out of proportion
whether or not it has a chance of
becoming reality i want us to take a
measured approach towards the
information that i'm about to give you
now
and towards what the president says
because some of the things that the
president
has said are going to be a political
challenge and are going to be
fiscally quite challenging and
potentially dangerous
for the economy of the united states i
say potentially because different
economists will have different points of
view
so first let's talk about what the
president said about student loan
payments the president said
i'm signing a directive providing relief
to student loan borrowers
suspending student loan payments and
lowering interest rates to zero which
which have which has already been done
he said i'm extending the student relief
through the end of the year and he
alluded that he would most likely extend
it
his exact words he would extend it most
likely right after december 1st again
this creates a situation where the
president is saying elect me
and i will extend it further i mean if
the president wanted to he could simply
extend it beyond that
why does it have to be i will extend it
further after december 1st
this is a question that we need to ask
ourselves and this is a question
that a lot of people are also going to
ask so he said there'll be more relief
for student
loan payments not their fault that the
colleges have closed down and then he
said something
and this is the important part that i
alluded to earlier he said i'm looking
at additional tax cuts like income tax
cuts and capital gains tax cuts income
tax cuts for lower income and middle
income individuals now
the lower income and the middle income
individuals in our society
are the individuals who've been most you
know impacted
by what's going on with what has
happened with the pandemic individuals
in
travel hospitality leisure hotels
entertainment all of these industries
have been hit the hardest and have done
many many many many videos talking about
this on my channel
but what from a political standpoint
these individuals
and a lot of the individuals are
african-american a lot of the individual
individuals are hispanic
and you know individuals of all races
and ethnicities but these individuals
are important voters for the november
election so what he said is and he spoke
extensively about this he said
you do have tax inequality and i'm
saying that as a republican he said
that your the stock market is doing well
your 401ks are doing well
and he said that the biggest tailwind
initially called it a tailwind and then
he called it a headwind
because he was he he meant to say
headwind he said the biggest headwind we
have with respect to the stock market is
the possibility that these
i quote radical left democrats will win
and if they win there will be a crash
because they are going to raise taxes
your 401ks
and your stocks will go down like a rock
they want to raise taxes and he also
said they want to do a childish
green new deal now this is quite
significant because the president is
saying
i want to lower taxes so if you elect me
i will lower taxes
i'll also sort of dangle that carrot in
front of you
that i will extend the student loan
forgiveness beyond december 1st i will
forgive the payroll taxes
i will possibly even eliminate payroll
taxes i mean when i heard that i was
like whoa
so these are the sort of things that are
being dangled out
in front of us and that's what the
president said i've never heard anything
like this
let's listen to what the president had
to say
fourth i'm signing a directive providing
relief to
student loan borrowers earlier this year
we slash student alone interest rates to
zero i don't know if people know that
because
the press doesn't ever report it but
maybe they're watching now
the press doesn't report a lot of good
things that are good for the people and
good for the country
earlier this year we slashed student
loans
interest rates to zero percent and
suspended student loan payments and
congress
extended that policy through september
30th
today i'm extending this policy through
the end of the year and we'll
extend it further than that most likely
uh right after
uh december 1st so we we look like we're
going to be extending that to paying
zero interest
and again not their fault that their
colleges are closed down and not their
fault that
they're unable to get what they
bargained for
through these four actions my
administration will provide immediate
and vital relief to americans struggling
in this difficult time
and the beautiful thing about this
difficult time is we're now coming back
and setting records
we'll also ensure that our economic
comeback continues full speed ahead
and with the 400 and all of the other
measures that we're talking about
we'll be signing in a little while that
will happen
we're further looking at additional tax
cuts including income tax
relief income tax cuts and capital gains
tax cuts so we're going to be looking at
that capital gains
for the purpose of creating jobs and
income tax is self-explanatory and it'll
be income tax for
middle income and lower income people
but middle income people
because they pay a lot of income tax and
you do have tax
inequality i'm saying that as a
republican
and you do have tax inequality so we're
going to be looking at
income tax and we're going to be looking
at capital gains tax cuts
on both and maybe substantial and we'll
be reporting back
fairly shortly on that that's big
news that's big dennis but very
important
we want to have our jobs flourish we
want to have
our companies do great we want to have
the 401ks which
are now at a level if you look at the
stock market it's great if you have
stocks
in nasdaq you're higher than you ever
were including even this is
still during the pandemic the stock
market because they see such
incredible things happening smart people
the stock market is at
almost an all-time high we're just short
of it and nasdaq is higher than it ever
was
it's broken the record 14 times in the
last couple of months
so 401ks are doing fantastically
i hope you kept your stocks i hope you
didn't sell i hope you had confidence
in your president and confidence that
your president was going to be
reelected and i will tell you this that
the biggest tailwind the biggest problem
that we have
with respect to the stock market
which is not much of a problem because
it's doing so well but it would be
actually much higher
is the possibility that these radical
left democrats
could win and if they win we're gonna
have a crash
we're gonna have a terrible problem
because they're gonna raise taxes three
trillion dollars worth of taxes
and that's going to affect everybody
from middle income to upper income to
jobs to companies
your 401ks will go down like a rock
your stocks will go down like a rock you
know don't forget these big companies
you have stocks in these companies you
know you own stocks
and they have millions and millions of
shareholders
and whether it's pension funds or
anybody else you all have stocks so
they're big companies but
a lot of people own that stock and we
want to keep it going
but we do have i guess you could say not
a tail when it's a headwind i guess
would be a better description but it is
it's a headwind
and when you think of it that's
in my opinion it would be much higher
but you look at what they want to do
they want to
raise everybody's taxes everybody and
they want to do the green new deal which
will decimate our
country and decimate it's ridiculous too
it's childish
i actually say the green new deal is
childish
it's for children it's not for adults
anybody that believes in that is uh
i don't know maybe it's politics i don't
even think it's good politics they seem
to think so we'll see how they do
now in this part of the video the
president signs all four executive
orders and the reason i'm showing you
this part of the video is because
the president said something that was
very telling very significant and then
just to break up the pace a little bit
towards the end he made he made a joke
about someone taking
hundreds of pictures but i thought that
it was very interesting as he was
signing the executive orders and see if
you catch this
he said when he talked about when he was
signing the executive order about the
payroll tax he said
which we will end up terminating
eventually it seems like this is going
to be a
big aspect of the president's
re-election efforts the fact that he
will essentially do away with the
payroll tax so that you go home with a
higher paycheck but
i want all of us to think about this if
the payroll tax goes away
how is medicare and social security
going to get funded we don't have the
answer
to that question yet but let's watch the
president signing the four executive
orders
and his comment about doing away with
the payroll tax potentially in the
future let's watch
okay so this is for the authorization
of other needs and assistance program
major disasters declaration related to
the
coronavirus disease
okay
okay
so this is
authority invested in me this is the
payment relief during the covet 19
pandemic
this is fighting the spread of the covet
19
by providing assistance to renters and
homeowners with steering persistence
this is deferral payroll
tax obligations so this is your payroll
tax obligations which we're going to
end up terminating eventually right
how many how many pictures can you take
over this
i mean you're taking hundreds of
pictures what are you doing okay
now this segment is the end of the press
conference when president trump stopped
to take questions from reporters
and he was specifically asked at the
start from the the very first question
he faced was what's going to happen if
the states
don't cooperate or don't have the money
or have some issue handing out the
100 out of the 400 per week because
states are underfunded
states are running short of money he
said and i quote if they don't
that's going to be their problem they
have the money it's sitting there
and he said this is more than what we
were prepared to offer
initially remember that the initial
proposal from the republicans was 200
a week so and then they did go up to a
400 a week proposal
and he said if it's going to be any
higher it's going to be a disincentive
for people to get back to work this by
the way has been the republican position
all along
he was specifically asked about the
deferral of the payroll tax
he said that this will help our country
to get back to work
and when he was asked hey why are you
doing this because the democrats didn't
want it
the republicans never really supported
it he said i quote both sides wanted it
people want it and people need it and he
also said that he would continue to
negotiate with the democrats the
administration would continue to
negotiate
but at this point after all of these
executive actions i don't see what kind
of negotiation can really happen
because i'm pretty sure that the
democrats are going to be
um are going to be unhappy and they're
going to pretty much criticize all of
these executive actions
and question or question what they would
consider to be presidential oversight
that's
what we can expect they're not just the
the democrats are not going to sit back
and you know simply say you know well
done to the president that's just the
way our system is
that's just the way our our partisan
system our political division is he said
as far as the states are concerned we
have significant money that is unspent
and it will be used for different
purposes he said that and when he was
asked how soon will this
unemployment benefits extension money
get to people he said
he didn't provide a timeline let's be
clear he did not provide a timeline
he did not by the way he didn't even
talk about retroactive benefits as far
as i know
so in case you're wondering will there
be retroactive benefits we'll wait for
the actual bill that the president
signed the actual executive order
i mean the actual executive order that
the president signed we'll wait for that
to come out and we'll see that includes
retroactive
benefits going back from the end of july
but he said the money will be rapidly
distributed
he said they are going to see it very
soon this is going to and he was asked
is there going to be
are there going to be some legal
challenges to this he said this is going
to go rapidly through the courts if he
gets sued
it's going to be somebody that doesn't
want people to get money
congress has obstructed people from
getting desperately needed money
i've mentioned this earlier in the video
there is the political
partisanship that is the legal framework
within which
the federal law within which everybody
operates including the president
um now the president does have special
privileges that others don't have but
again there is a framework
that is why we have our constitutional
system in the the the founding fathers
and the infinite wisdom set up
set up the house set up the senate and
set up the president but he said
that you know basically he's done this
and if we get sued we get sued
now keep in mind that in the court of
public opinion
the president is going to come across as
a hero whichever way you look at it
and again in life like i've mentioned
before there is you know heads you lose
heads you win tails you lose in this
case it is heads
you know heads you win tails you don't
lose as far as the president and the
administration
are concerned that's basically what's
going to happen right now as this whole
situation unravels
as you know as youtube goes crazy as the
media goes crazy
and again you'll hear more about this in
some media outlets and you won't hear
about it at all
with other media outlets because of the
division that exists within our country
and
you know my goal is to report it to you
as as you know
at the news as it exists now president
trump is known for
walking away from interviews when he
doesn't like
being asked questions that he doesn't
want to answer or when he's badgered
with the same question over and over
again so you probably know this
if you follow press conferences but in
case you don't that's how president
trump is if he doesn't like something
he's just going to say
thank you very much and he's going to
walk away and the reason i tell you that
is because
towards the end of this segment the
president was asked the same question
over and over and over again and he just
he just walked away
let's watch yes please yes sir can we
start with the the 400
sir so just want to get your reaction so
you're saying the states will have to
cover some of this cost sir
which governors have told you that which
governors have told you that they would
sign on well if they don't they don't
that's up to them but if they don't they
don't that's going to be their problem
i don't think their people will be too
happy they have the money
so i don't think their people will be
too happy but if they don't they don't
but
again the states have the money it's
sitting there all right kelly
sir why did you decide on 400 when
previously families were receiving 600
that will be a hardship for many what do
you say to them well no it's not a
hardship this is the money that they
need this is the money they want and
this gives them a great incentive to go
back to work so
this was much more than was originally
agreed the 600 was a number that was uh
there
and as you know there were dif there was
difficulty with the 600 number because
it really was a disincentive
yeah go ahead please sir the payroll tax
cut was opposed by both parties on on
capitol hill
can you give your rationale as to why
you think that's so important
particularly since it doesn't help
americans
who currently don't have jobs it helps
people greatly
it helps our country get back and
anybody that would say anything
different i think is very foolish
everybody wanted it by the way the
democrats want it the republicans want
it they just couldn't get it
they just couldn't come to an agreement
but everybody wants it
and the very important thing is the
people want it and the people need it
actually
mr president you said that this will
pretty much take care of the entire
situation but as you said there's not
money
for reopening schools other important
items
is your administration willing to go
back to democrats to try to actually
negotiate well the answer is yes but we
have money to do other things so we have
a lot of money that was unspent and
we'll be able to do things with the
money that was unspent
we have significant money that was
unspent and we will be able to use that
for different purposes go ahead
mr president when when will this relief
get in the hands of
americans that need it what date we
think it's going to be very rapid we
want it to be very rapid it's going to
be distributed in a way that
uh whichever the fastest way there are
various methods and
it will be rapidly distributed you're
also expecting legal challenges with
this right
i didn't say that no no i didn't say
that yesterday you said that
i said i what i said is people can do
whatever they want i guess
maybe they'll bring legal actions maybe
they won't but they won't win
they won't win legal action is brought
against you on this why not just work
with congress on this deal
well i'm not saying they're not going to
come back and negotiate they might very
well
come back and negotiate today and
americans want to know when they're
going to see this relief
very soon they're going to see it very
soon look it's there it is
right there excuse me excuse me there it
is right there go ahead mr president
though
this is expected to be tied up in the
court so this relief is either going to
be delayed or blocked
so i think this is going to go very
rapidly through the courts this will go
very if we get sued
maybe we won't get sued if we get sued
it's somebody that doesn't want people
to get money
okay and that's not going to be a very
popular thing go around congress are you
trying to set a new precedent
that the president can go around
congress and decide how do you hear the
word obstruction
they've obstructed congress has
obstructed the democrats have obstructed
people from getting desperately needed
money
go ahead please right here president why
do you keep saying that you pass
veteran's
veteran's choice it was passed in 20
years excuse me go ahead and push
a false statement sir okay thank you
very much everybody
thank you very much
so there you have it everybody that was
my analysis of the historic press
conference from president trump
where the president signed four
executive orders on various subjects
that are going to change the topic of
conversation
politically this is going to set up more
division legally this is going to create
more challenges
financially it's going to affect the
future of the country and in the court
of public opinion
when it comes to popularity this is
going to set up divisions unlike
anything we've ever seen
i believe this video this analysis is
the best in the world forget the best on
youtube
i believe it's better than anything
you'll find on conservative outlets it's
better than anything you'll find on
liberal outlets
and if you learned something new from
this video if there's anything new that
you learned
please do me a favor click the like
button below because a ton of effort
went into this video as you can see and
i tried to bring it to you
as quickly as i could so that you could
get the news and you would know
everything that's going on and you can
make your decisions accordingly
about what you need to do next both from
a short-term financial standpoint
and from what you're planning on doing
in the future at the end of the year
thank you so much for watching again my
name is dr nitin shoda
my channel is ignition time this is the
longest video i've ever done
because this was a historic moment this
was a ton of effort
i do appreciate you watching i do
appreciate you sticking with me till the
end and if you have
stuck with me till the end i want you to
know that my name is dr nitin choda
i live the american dream i believe i'm
a symbol of american exceptionalism i
have a rags to riches story
you can check out my video you can check
out my origin story
on our channel which is youtube.com
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