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Even though stimulus check package negotiations have been painfully slow and there are more reasons to be pessimistic than optimistic, one of the key motivating factors might be how politics plays a role.
As I’ve written about before, there are a lot of reports coming out that many moderate Democrats are unhappy with the Democratic leader Nancy Pelosi because they believe she is being too firm in her negotiating stance.
Those moderate Democrats are starting to fill political pressure to get something done because the thought of returning to their constituents without any progress made is very frightening.
This is also becoming an issue for Republicans as well and some polls might be enough to apply pressure to get Republicans to act.
For example, in the latest Quinnipiac poll, released Wednesday, Graham tied with Jamie Harrison 48-48 among voters in South Carolina.
This is a race that had been considered by many to be a long shot for the Democratic Party.
Graham has won his seat in South Carolina by double digits since 2002.
But now this new polling data shows that things might be neck and neck and whether or not a stimulus package is pushed forward could make a huge difference in the outcome of the race.
Another Republican who is more of a moderate GOP swing vote, is down 12 percentage points in Maine (54-42 to Maine’s Democratic House Speaker Sara Gideon).
Gideon’s double-digit lead over Collins is the biggest challenge for the GOP senator since 1996.
Since this issue is not unique to Democrats or Republicans, there are a lot of people out there including myself who think that this political pressure will result in lawmakers coming together and getting something done.
Unfortunately, the untimely death of venerated Supreme Court justice Ruth Ginsberg might complicate matters.
Since her death was announced last night, there has been instant controversy over whether or not Republicans should be allowed to replace her seat before the upcoming elections at the beginning of November.
It’s possible that this disagreement could bleed over into disagreements with the next stimulus package, or at the very least just make it more difficult to make progress.
On top of that, remember that the Congressional budget needs to be approved by the end of this month so there is still the lingering threat of a government shut down although lawmakers supposedly agreed to avoid that route.
So we’ll see what will happen but there is definitely a lot of different factors at play now that are working both for and against another package coming into existence.
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Daniel Gillaspia is the Founder of UponArriving.com and creator of the credit card app, WalletFlo. He is a former attorney turned full-time credit card rewards/travel expert and has earned and redeemed millions of miles to travel the globe. Since 2014, his content has been featured in major publications such as National Geographic, Smithsonian Magazine, Forbes, CNBC, US News, and Business Insider. Find his full bio here.