Politico: Trump’s call with Wall Street didn’t go as planned

Maddox

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“I really don’t understand how they are communicating on this,” one CEO told POLITICO on condition that neither they nor their firm be named for fear of angering the White House. “He’s got to stop talking about turning the economy back on and start talking about making people feel safe, things that are happening around testing and the health care system. That’s the only way you will really get the economy reopened over a period of time.”
Instead, the preferred approach is take the big hits now, get the virus in check, and restore people’s sense of safety while providing them with as much financial support as possible. Only then can the economy truly start to crawl back toward anything resembling normal.

 

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