By Duncan Smith
There aren’t many ‘swamp creature’ bureaucrats in Washington, D.C., who like President Donald Trump much or give him credit for anything, but the nation’s chief bean counters are singing his praises.
As reported by the Washington Times, the Congressional Budget Office is crediting the Trump administration with rapidly dispersing coronavirus stimulus funds and payments to Americans.
The CBO noted Tuesday that the administration got the relief out “incredibly quickly,” which the agency said really helped to mitigate the worst effects of the economic fallout from COVID-19-related shutdowns of state and local economies.
The Times adds:
Phillip L. Swagel, director of the Congressional Budget Office, said Capitol Hill moved speedily to approve aid, and then the Treasury Department moved 'quickly and effectively' to process the stimulus payments to Americans.
Same with the Small Business Administration, he said, which has pumped out assistance for firms.
Mr. Swagel was working in the administration during the 2008 financial crisis, when Congress also approved several rounds of stimulus. He said that money went out quickly, but this year's response has been even faster.
'The IRS and those other agencies deserve a lot of credit,' he said in a virtual forum sponsored by the Peter G. Peterson Foundation.
High marks from the CBO will go a long way to refute news reports and Democrat complaints claiming that the administration’s response was slow and off-base.
Then again, some outlets and most Democrats continue to claim that Trump ‘colluded with Russia’ to ‘steal’ the 2016 election, a lie that has been debunked several times.
President Trump is Breaking Down the Neck of the Federal Reserve!
He wants zero rates and QE4!
You must prepare for the financial reset