Hi everyone, this is Dr. Nitin Chhoda and welcome to this episode of Ignition Time. Folks,
I'm going to give you the latest status in the stimulus negotiations and a very interesting
political calculation by the democrats which could lead to political fallout for the
republicans. Welcome to my channel. This channel, the Ignition Time channel is about the country,
it's about the economy and it's about your money. Thank you for being a visitor. Let's just jump
right in. The democrats are calculating that if the republicans oppose the $1.9 trillion stimulus
package which they are opposing, they are gambling on the fact that there will be political fallout
for the republican party. I'm going to dig deeper into that. In fact I'm going to dig into three
things in this video. I'm going to talk to you about the political fallout. I'll give you an
update on why I think the republican party might actually move to the center in the coming months
leading up to the 2020 senate elections, leading up to the 2020 primaries. And also
I'll talk to you about some interesting new updates, some encouraging new updates from
President Biden the extension of the eviction moratorium which basically is an extension
of what former President Trump did. With that being said let's just jump right in. You have
heard me report on our channel that individuals republican senators like Rand Paul from Kentucky,
there he is, as well as senator Rick Scott from Florida, there he is there's Rick Scott,
have been have been against the $1.9 trillion stimulus package. They wanted to be much much
more targeted. They want to be fiscally more conservative. They want to be more responsible.
However for the democrats this is very interesting situation because they actually in a situation
where if the republicans support the package they'll get it to pass and say it was their
idea. If the republicans don't support the package they feel that this will actually backfire for the
republican party this will lead to fallout amongst the republicans and this could actually hurt the
republicans going into 2022. Now these are all national elements at play. I want our viewers and
subscribers to understand that you know someone sitting in New York or California might be like
yeah but someone's sitting in Arkansas, someone may be in Florida where by the way
I'll do another video talking about the Florida governor Ron Desantis, there he is what's up Ron,
is extremely popular and is is is expected to win re-election. And I'll do another video talking
about him because he's quite an interesting character. So there are not only national
considerations which is basically what happens in congress. But there are regional considerations
as well. So although although we could see political fallout for certain republicans,
other republicans might simply emerge stronger as a result of their opposition to the $1.9 trillion
stimulus plan. In case you're wondering, oh how can they emerge stronger? They just might because
there are certain parts of the country where these senators and these lawmakers have the support
of their constituents. One thing is for sure the republican party is in a very interesting
place right now. They're in a very divided place. Some are rallying against former President Trump
and they are facing a lot of pushback a lot of censure. This actually started with the senate
minority leader Mitch McConnell who's playing a pretty interesting game here that actually
also is is a topic for a different video because he did excoriate former President
Trump while voting to acquit trump on what most people considered was a technicality but but
what is quite likely to happen is a move to the center for the republican party and the reason i
say this is because of senator mitt romney from utah and senator tom cotton from arkansas both
republicans and tom cotton is considered to be a 2024 presidential candidate and so what these guys
do is super important and of course we know about mitt romney's prior presidential ambitions now
before i tell you what senator romney and senator cotton are up to what's very clear is that the
republican party is in a state of disarray which is why the the one thing they can rally behind
is their opposition to President Biden's 1.9 trillion dollar stimulus plan folks politics is
all about timing and opportunity politics is also about tribalism yes i should introduce a third
component here there's timing there's opportunity there's tribalism there is always a component of
us against them in politics and this is what former president trump did uh quite extensively
during the four years of his administration the swamp us against them and so on so forth so the
whole tribalism component where you essentially say we are on one side and they are on another
side they are not patriots and they are you know running there running their states and cities
poorly they are anti-police and so on so forth so the whole us against them the tribalism component
is a very important aspect of politics and is used by political leaders to say look it's us against
them and therefore you need to be on my side and that you know that does work that is simply
a way to motivate people a way to influence people now in this particular case the whole ass against
them is the republicans are positioning themselves as us against them them meaning the democrats who
want to waste a ton of money the democrats who who are fiscally irresponsible the democrats who want
to inject unnecessary stimulus that democrats who want to do away with our police force and so on so
forth now speaking of the move to the center some very interesting things that center mitt romney
and senator tom cotton from arkansas are proposing so they are working on legislation to actually
raise the minimum wage check this the republican senators are working on legislation to raise the
minimum wage but at the same time mandate e-verify for workers in other words the workers need to
be verified that they are actually workers and they actually legitimately legal workers before
before raising the minimum wage now they are going to be releasing a bill about this soon
so think about this two republican senators who are okay with increasing the minimum wage as long
as there is some sort of checks and balances system in place now i want to be very clear
i think this is going to be dead on arrival i want to be as clear as i can about that
because these two guys will propose it no no other republicans going to support it the democrats will
be like oh yeah okay we'll see and then it'll end up that bill will end up on a table somewhere but
the reason this is important is because this could be i say could be because guess what look at this
i don't have a crystal ball is that that's an imaginary crystal ball in case you didn't know
i don't have a crystal ball but my prediction is in the next few months
and potentially in the next few years we'll start to see the republican party
move closer to the center to appeal to a larger section of voters because at the end of the day
all mitch mcconnell the senate minority leader cares about is votes and electability of course
there are individuals who are you know too far left or too far right that sounds really good that
makes for good television that makes for that makes for controversial statements on twitter
but at the end of the day elections are about votes and about electability so i do i do believe
that we'll see more republicans moving to the center because president biden is actually moving
he has more of a centrist approach so so this is my initial analysis president biden moving to the
center individual signs of the republicans like mitt romney and tom cotton moving closer to the
center so i do believe that this is what we can expect going forward which i believe is a good
thing it's less dramatic it's a little bit more boring and it is certainly certainly more peaceful
and more respectful from a communications and from a discord standpoint look guys for me it's
not about the red or the blue it's about the red white and blue i'm not democrat i'm not republican
i'm american i think that if we can if we can voice our differences respectfully i think we
can go much further as a country and i believe we'll continue to do that in the meantime folks
it's very clear that the democrats are shifting their focus back to the stimulus you'll see this
headline on your screen from bloomberg which reads democrats pivot back to biden stimulus with trump
trial done so they're happy that the trial is behind them and now they're going to focus on
getting the nuts and bolts of the plan executed and the bill written so that the bill can be
voted on in the house and can be voted on in the senate and can go to the president's desk for
signature just to give our viewers and subscribers a quick recap the american rescue plan is a plan
that plan then becomes a bill that is then voted on in the house and the senate and
when that that bill which again has to pass both the house and the senate goes to the president's
desk for signature and the president signs it that's when it becomes a law so you have a plan
you have a bill and then it becomes law i do expect the new package to become law
sometime in the first week potentially the second week of march because right now we're between
these two stages where we have all these different committees in the house drafting the bill
that bill will pass the house go to the senate there'll be some arguments there
there may be some changes there if the bill is amended in the senate it goes back to the house
for passage and once the same bill passes both the house and the senate then it goes to the
president's desk for signature so i do believe the president will sign in the first or second week of
march because we are i we are going to see some shenanigans between the house and the senate in
the next two to three weeks where this stage where the bill will be bounced back and forth like a
like a ping-pong ball between between the house and the senate in the meantime folks president
biden has been busy you'll see this headline on your screen from axios biden extends mortgage
relief and moratorium on foreclosures now i do want our viewers and subscribers to know that
these measures these actions are an extension of a program that the trump administration started
in 2020 so this new release will provide up to six months of additional mortgage payment for parents
and it'll be in three month increments for borrowers who entered the program on or before
the 30th of june 2020 and folks if you want to read about this further here's a headline on your
screen from politico biden extends foreclosure monitoring and mortgage forbearance through june
and so again these actions are an extension of an order that was originally enacted under the trump
administration in march of last year so the biden administration has announced today
that it would extend the foreclosure moratorium and mortgage forbearance through the end of june
so this is very important this is important relief to a lot of renters i'll provide you with the link
to this article in the description section below and so these actions would block home foreclosures
and offer delayed mortgage payments until july in addition to six months of additional mortgage
forbearance for those as long as individuals enrolled in the mortgage forbearance program
before the 30th of june 2020. so as long as you did that before then you're fine if you're
trying to take advantage of it now then you're not going to get the extra six months so that
was it everyone thank you so much for watching i hope you learned something new i would really
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really helps out the youtube algorithm that would mean a lot to me personally thank you so much for
watching i'm looking forward to seeing you in the next episode of ignition time take care bye