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Absolutely. It's Trump and his administration who have been in charge from the get go. They botched the initial response so we are way behind the curve. People can say it's both sides, but from what I can tell there's only one side who is in charge regarding this virus.
The reality is that nature is in charge of this more than any human leader. We may get lucky, and this may not transform into a 1918 level Spanish Flu, but then again we may NOT get lucky. Responsible leadership should have a solid preparation plan for that worst case scenario, it is not sufficient to simply roll the dice and hope it all turns out OK.
With people cancelling their trips in droves, the travel industry is probably going to have its worst year since 9/11. And this will radiate out to other sectors of the economy. The Dow is going to go down. There's no way that it wouldn't, with all that's been going on. The only question is, how much.
To be sure, winter is typically the slowest season of the year for travel (other than to ski resorts, of course), so it's not like the planes would have been full if not for the coronavirus. But if this continues into the peak summer season, and people refrain from traveling in large numbers at that time, that's when what is already a crisis in the travel industry will become an all-out disaster. And the Dow will drop all the more.
March is huge for family and university spring breakers, especially in Florida and east and west coast cruise ship ports.
The reality is that nature is in charge of this more than any human leader. We may get lucky, and this may not transform into a 1918 level Spanish Flu, but then again we may NOT get lucky. Responsible leadership should have a solid preparation plan for that worst case scenario, it is not sufficient to simply roll the dice and hope it all turns out OK.
Indeed. I've always said nature will bat last. Not sure which inning this is, but Mother Nature will win out.
The SS Trumptanic has hit the Iceberg (Corona Virus and recession). The rich will get the lifeboats and the poor will be locked in steerage. Same old ...same old!
U. S. is about to get rocked by the corona virus. Our entitled populace, lack of accessible/affordable health-care, and atrocious leadership are going to be a horrible recipe. Trump is worried more about his economy than the health of our citizens. Just a matter of time.
He is worried more about looking bad,in an election year more than anything else.
The current situation is caused by effectively a natural disaster. There's nothing that anyone could have done to prevent a virus in China causing supply shortages.
Our friends on the left have been paying for a recession they could blame on the president.... instead they got one that can't be blamed on him effectively. They got the pain they were praying for without the political benefit.
I am personally unaware of anyone who has been praying for a recession beyond the few who trend extreme libertarian/ anarchistic on this forum who, over the years, seem to want the economy to collapse.
Lol at least you crazy kids are doing your best to spin a global pandemic into something Trump did wrong. Have to give you credit for trying and not being concerned about embarrassing yourselves.
I can't imagine being that much of a partisan hack.
So when global unemployment rates were at record lows, it was because of Trump but when the global economy is grinding to a halt it has nothing to do with Trump?
Come on, the economy was never that great. Less than 2% GDP growth was expected BEFORE the virus arrived. Thats far from great. Unemployment was low but that was the case in dozens of other developed countries as well.
Certainly Trump is not going to take credit for the stock market plunge.
Agreed.
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