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Monday, September 20, 2021

C-19 Coronavirus Will NOT Shutdown the US Economy Again

Monday, the White House National Economic Council Director Larry Kudlow declared that even though there has been an uptick in C-19 coronavirus numbers in several states due to expanded testing, it’s “something that is controllable” and The Trump Administration does not intend to close down the economy. 

“I have been in touch with our health experts, actually each of the last for 5 days including this morning,” Kudlow said on TV, “These are relatively small bumps. They are there, I am not denying it…we do not believe this is a 2nd wave.”

He added that the fatality rates “are still running basically around Zero to 1%, and may be slightly higher than 1% on a 1-day or 7-day average,” and that while he doesn’t want to “downplay or argue against the fact that it’s happening, I think it is something we have to get used to.”

People die daily, it is a fact of life!

However, it’s important to keep following guidelines on hygiene, masks, social distancing, he said, as “we must open the economy, but we must do it in a safe way.”

Even if health officials tell President Trump that the C-19 coronavirus numbers are once again growing, he and Vice President Mike Pence are “absolutely disinclined” to shutting down the economy, Mr. Kudlow said. 

I think shutting down the economy could be worse for our health than not shutting it down,” he said. “We are watching a very carefully but that does not mean because a few places have had flare ups for one reason or another that we need to shut down the economy.”

Mr. Kudlow said that the nation’s economy is “really coming back strong.”

“80% of small businesses have reopened, according to the Chamber of Commerce,” he said. “I think we are going to get 20% plus rates in the 2nd half of the year, I referenced the Congressional Budget Office on this but other forecasters are saying the same thing. I see no reason with good policies we can’t have a big bang increase in 2021.

Have a healthy day, Keep the Faith!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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