President Donald Trump is continuing his efforts to end the longest government shutdown in history. He offered Democrats a Shutdown Deal on Saturday that would include temporary protection for “Dreamers”. As was widely expected in political circles, the Democrats swiftly rejected the proposal, leaving 25% of the government without funding.
The shutdown will enter its 32nd day on Tuesday, surpassing the previous record of 21 days by a significant margin.
What Was Included in Trump’s New Shutdown Deal Offer?
The President offered the Democrats a three-year extension on protection for Dreamers, a name given to immigrants in the U.S. who were brought to the country illegally as children. The deal would prevent legal action against Dreamers, but only if Democrats pass a new spending bill that includes $5.7 billion for Trump’s border wall project.
Nancy Pelosi, the Democratic House Leader and House Speaker outright refused to accept the proposal on the weekend, reportedly rejecting it even before the President had announced the Shutdown Deal.
Trump was quick to condemn Pelosi on Sunday, saying on Twitter that “Nancy Pelosi and some of the Democrats turned down my Shutdown Deal offer yesterday before I even got up to speak. They don’t see crime & drugs, they only see 2020 – which they are not going to win. Best economy! They should do the right thing for the Country & allow people to go back to work.”
In a later Tweet, the President continued his criticism for Pelosi, saying that she has “now officially become a Radical Democrat,” and that she has “lost control.”
Shutdown is Deeply Unpopular
Shutdowns are never popular, but with the current one being the worst on record, the long-term political ramifications will be significant. Most polls indicate that the public blame Trump and his party for the shutdown.
One of the latest polls from Business Insider shows that 54% of people believe that the blame for the Dismiss Shutdown Deal is squarely on the President. His refusal to budge on wall funding and his December statement that he would be “proud” to shut down the government will leave a lasting impact. 64% of poll respondents were unhappy that a government shutdown was being used as a political negotiating tactic.
Of course, polls only represent small samples of the population. The President still enjoys strong support within his voter base.
The latest news only confirms the political rift in Washington, indicating that a solution is still far away.
| The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports. You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy. |
| The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports. You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy. |
