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This may sound crazy, but I think a stimulus deal is still possible before the election. Earlier this week, Speaker of the House Nancy Pelosi had a tough interview on CNN when Wolf Blitzer ended by asking the Speaker if she is letting "perfect be the enemy of good" in getting a deal. The Speaker is also hearing from some of her members who are back home campaigning that the policy of saying no to the President's $1.8T offer, while unemployment claims grow, is becoming harder to defend.

If the Speaker's motives are basically related to the Presidential campaign, maybe it is late enough in the game to give the President a win. Plus, there is a major split among DC Republicans as Senate Leader McConnell has said the Senate will consider a $500B deal and that he doesn't support the bigger deal. A public fight between Republicans, two weeks before the election, may help the Democrats accept the President's deal.

In my view, the President has no higher priority than signing a stimulus bill in a gala White House ceremony to help his campaign. This is in fact what Pelosi doesn't want to see; but a mud fight between the President and Senate Republicans might help minimize this concern. This may be a unique period for a deal that could disappear when the votes are counted. A defeate...

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