Stephen Moore: US Doesn't Need $2.2T Bailout, It Needs to Open

The United States economy does not need the $2.2 trillion stimulus bill pushed through by House Democrats, it needs Democrat-led states to reopen, according to Trump campaign economic adviser Steve Moore.

"At this point, I'm not so sure we need a $2 trillion stimulus," Moore told Sunday's "The Cats Roundtable" on WABC 770 AM-N.Y. "I just don't think it's necessary or necessarily helpful when we already have a $3 trillion deficit."

Moore added to told host John Catsimatidis, "Trump has been very much in command here and I think the fourth quarter will be just as strong as the third quarter."

Moore pointed to economic indicators of the long promised "v-shape" recovery from the global coronavirus pandemic economic shutdowns.

"The economy really is showing signs of picking up; I don't care what the newspapers say; I don't care what [moderator] Susan Page said at the vice presidential debate," Moore said. "She was saying the economy is falling down. I don't see that.

"I see really strong numbers coming in for the third quarter, which ended Sept. 30; there'll be 30% to 35% growth, which shatters the all-time record for growth in one quarter. The numbers on jobs are positive."

Moore has witnessed airline travel picking up, calling it "evidence business is getting back to usual, especially in about the 10 states that have opened up their economies."

"That's an indication we're getting back to some degree of normalcy," Moore told Catsimatidis.

Moore also pointed to the latest Gallup Poll that found 56% of Americans feel they are better off today, even amid the global coronavirus pandemic and Democrat-led shutdowns, than they were under the last year of former President Barack Obama and Vice President Joe Biden's administration.

"People are getting back to feeling a little bit better about things," Moore added. "They see a light at the end of the tunnel, and that to me argues against changing the captain of the ship."