President Trump Warns Economic Consequences Of Coronavirus Prevention Might Be Worse Than Effects Of Disease
President Trump took to Twitter to warn that the economic consequences of the measures being taken to slow the spread of the coronavirus might actually be worse than the effects of the disease itself, a point shared by many folks across the country who have been forced out of work due to state lockdowns.
Here’s more from The Washington Examiner:
“WE CANNOT LET THE CURE BE WORSE THAN THE PROBLEM ITSELF,” Trump tweeted on Sunday night. Once the Centers for Disease Control and Prevention’s recommended 15-day guidance period elapses, the White House “WILL MAKE A DECISION AS TO WHICH WAY WE WANT TO GO!” Trump added.
In a televised press conference on Sunday, Trump gave a clue as to his thinking about how the measures would resolve. “We’ll get a pretty good idea what we’re doing” at the end of the 15-day period. “You know there will be a point at which we say: ‘We’re back in business, let’s go.’”
As early as three days after announcing the 15-day plan on March 16, the president was already discussing the prospect of people going back to work, according to Bloomberg News.
Appearing on Fox News on Sunday, Sen. Lindsey Graham, a Trump ally, estimated that the virus had shut down nearly three-quarters of the economy, leaving millions “virtually” unemployed.
Sen. Rick Scott has called for a 30-day recovery plan to help the country get back to normal in the aftermath of the pandemic, noting that folks are scared because of the uncertainty the illness has brought.
It’s a scary sight when small businesses are forced to shut down and the grocery store aisles are bare, that much is absolutely true. Scott also went on to call for same-day testing, domestic and international air travel shutdown, and a moratorium on financial obligations including rent, credit card payments, mortgages, and utilities.