For investors, the press release Senator Mitch McConnell put out today is important as it shows how the political landscape has changed under President Donald Trump.  It’s important to keep in mind that in the past programs such as those outlined by the Republican leader would have been strongly opposed by many Republicans.

For example, during the 2008 financial crisis Republicans initially defeated the Trouble Asset Relief Program (TARP) package meant to support the U.S. economy. Picking "winners and losers" using government programs has long been a big issue for Republicans and has led to their opposition to many large government programs.

As I have written in the past, President Trump isn't a career Republican, and for most of his life was a NY Democrat.  While he will sometimes give a throwaway line on deficit-spending, in reality it seems he has no problem with increasing it, as many Republicans do.  At today's (March 19) briefing the President has made clear he wants to work on a bipartisan basis to get a bill passed fast.

Over the next few days, the White House, Senate Republicans and House Democrats will start to fashion another bill.  In drafting the previous bill that the President signed last Tuesday night (March 17), Senator McConnell ...

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