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28.10.202014:18 Forex Analysis & Reviews: Trump vows best stimulus package, while Biden to support Belarusians and Tikhanovskaya

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Current US President Donald Trump told reporters, on Tuesday, that the Republicans will take a package of measures to provide state support to the American economy after the November 3 elections.

"After the election, we'll get the best stimulus package you've ever seen," Trump said as he left the White House for a campaign meeting in Lansing. He also assured reporters that following the results of future congressional elections, Republicans will not only retain the majority in the Senate but also regain the House of Representatives. Trump's predictions are based on the latest voter polls released in the early days of this week. According to them, the current President confidently leads in the states of Wisconsin, Iowa, and Ohio.

Exchange Rates 28.10.2020 analysis

On top of that, the politician did not forget to "prick" one of his main opponents - the Speaker of the House of Representatives Nancy Pelosi, who is negotiating on behalf of the Democrats. Trump accused Pelosi of being interested in helping only unreliable and crime-ridden cities and states ruled by Democrats, not the entire American people.

Recall that the next package of measures to support the US economy amid the COVID-19 pandemic has been a bargaining chip between Republicans in the Trump administration and Democrats in Congress for several months. The parties cannot come to a consensus on the amount of fund and their purpose. Americans look forward to the November elections, which will play a critical role in this difficult dilemma.

Although in fairness it should be noted that this issue could have been resolved a long time ago and the opponents had enough time. However, last week, Senate Majority Leader Mitch McConnell opposed an additional $2 trillion injection into the American economy. It was about this amount that House Speaker Pelosi and Treasury Secretary Mnuchin were previously able to agree, despite the fact that the conclusion of the agreement was stalled due to reservations about the items of expenditure.

Meanwhile, Donald Trump's main rival is also actively working to increase his rating among voters. On Tuesday, Biden visited Georgia, which has traditionally been the mainstay of the Republicans. The state has not voted for Democrats in the presidential election since 1992. Despite this, Biden said in his interview that he has every chance of winning in Georgia.

On the same day, in Orlando, former US President Barack Obama held a rally in support of Biden. During his speech, he criticized Trump for the failure of his administration to fight the pandemic and urged Americans not to repeat the mistake of 2016. The former president has asked Florida residents to come to the polls en masse so that Trump won't win in the faltering states this time, as he did four years ago.

According to public opinion polls in Florida, Biden is ahead of Trump by several percent. That is, 46% of the surveyed are going to vote for the incumbent president, and 50% for the democrat. A previous poll in Florida promised Trump 47% and his opponent 49% of the vote.

In the meantime, supporters and associates of the US Democratic Party are worried about popular support for Biden at home, the presidential candidate makes loud statements regarding the political situation in the world. So, on Tuesday, the politician called for the introduction of sanctions against the entourage of the President of Belarus Alexander Lukashenko.

"The international community should significantly expand sanctions against Lukashenko's henchmen and freeze offshore accounts where they keep their stolen wealth," the Democrat said in his written appeal.

Biden promised that if elected to the presidency, he, together with European partners, will work on a plan of economic support for a truly sovereign, democratic Belarus. The presidential candidate stated that he strongly condemns the human rights violations committed by the Lukashenko regime.

He also added that even before the elections, he intends to continue, together with the Belarusian people and Svetlana Tikhanovskaya, to call for a peaceful transfer of power, the release of all political prisoners, and free and fair elections. Biden is confident that the inhabitants of Belarus will ultimately be able to exercise their democratic rights, in the name of which they made so many sacrifices.

Note that protests by opponents of the Lukashenko regime continue in Belarus. The opposition and the people believe that Svetlana Tikhanovskaya won the last elections. The EU countries and the UK have imposed sanctions against a number of high-ranking Belarusian officials and security forces.

Irina Maksimova
Analytical expert of InstaForex
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