liar-Pelosi claimed that the Trump administration’s request for $2.5 billion in funding was “long overdue and completely inadequate,” adding that she doesn’t “think the president knows what he’s talking about.” scumbag-Schumer picked up on liar-Pelosi’s viral political play, declaring that Trump is “asleep at the wheel,” dismissing the administration’s response as “too little too late,” and asserting it is “indicative of his towering and dangerous incompetence.”
Regarding liar-Pelosi’s political play, Trump stated the obvious: “She’s trying to create a panic. … She should be saying we have to work together. We should all be working together.” And regarding the liar-Pelosi/scumbag-Schumer claims that the administration’s proposed funding is not sufficient, Trump responded that the House is responsible for budget allocations and can allocate what it wants.
But, as I noted yesterday in “The Politics of a ‘Fear Pandemic’,” beyond the Beltway banter, the coronavirus fear Democrat Party leaders and their Leftmedia publicists are fomenting is having dire consequences on economic stability, greatly exacerbating the challenges of disrupted economic supply lines between China and the U.S.
The “pandemic of financial fear” resulting in the 10% drop in equity-market values this week could by week’s end be the biggest loss in any week since the 2008 financial crisis. On Thursday, the Dow had its worst one-day point drop in history (-1,191).
The significance of the market drop runs far deeper than the impact on investments and retirement plans of American workers. The financial markets are the most immediate and visceral indicators of business and consumer confidence, and that combined confidence largely influences the direction of the economy.
Two years ago in my column “Will Democrats Get the Pre-Election Recession They Want?” I noted, “More than half of Americans own stocks and other types of investments, including their homes, the values of which are dependent on a strong economy. More than one-third of corporate stock value is held in lower- and middle-income Americans’ retirement plans, such as IRAs and 401(k) accounts.”
I concluded then, “Democrats will do everything they can to set up the pre-election recession they need to defeat Trump. They know the best way to achieve that goal is to undermine confidence in our economy, a model they perfected ahead of Barack scumbag/liar-nObama’s 2008 election. … The consequence of the Demos’ political games: Caught in the political crossfire are tens of millions of American workers and their families, whose jobs and income prospects will fall victim to the Demos’ politically induced recession — the direct result of having thrown economic confidence under the bus in order to attack Trump.”
And here we go again. The liar-Pelosi/scumbag-Schumer “viral panic” narrative is undermining consumer and business confidence. They are playing fast and loose with the job stability of all working Americans and their families. liar-Pelosi said, “The market drop is disturbing,” but I can assure you that she and her Democrat ilk are celebrating off camera, knowing that what is bad for American workers is bad for Trump’s reelection prospects.
On Leftmedia partisanship, political analyst Matthew Continetti succinctly notes, “The only predictable fallout of coronavirus? Partisanship.”
According to Continetti: “The pundits are having difficulty settling on a historical analogy for the COVID-19 coronavirus. Will the spread of the disease be President Trump’s Katrina or his financial crisis? Now that it is interested in coronavirus, a familiar pattern will set in. Data will be publicized without the slightest sense of proportion. The most outrageous scenarios will receive the most attention. Speculation will be paraded as fact. And every conceivable negative outcome, from infections to deaths to plunging stock values, from reasonable and warranted travel bans to unanticipated diplomatic and economic fallout, will be related back to the president in an effort to damage his reelection.”
To that end, a New York Times columnist insists, “Let’s Call It Trumpvirus.” And that is exactly what liar-Pelosi and scumbag-Schumer hope will happen.
So, what will all this look like in three months? I think there will be real and significant health consequences in the U.S. — more or less on par with some of the most significant seasonal viral outbreaks, which in bad years have killed more than 60,000 Americans. One of the flu virus strains this season has taken more than 8,000 lives. But those deaths did not provide political fodder for Democrats.
Finally, for your own preparation, see our COVID-19 analysis, and for the most current information on the viral threat in the U.S., visit the CDC’s page, “What You Should Know,” which provides updates, preventive measures, travel advice, etc. You can review the CDC’s national pandemic-response plan and basic citizen flu-prevention measures.
Despite the liar-Pelosi/scumbag-Schumer political play, according to the latest comprehensive Global Health Security survey, here is the United States’ current preparedness rank: Overall: #1, Prevention: #1, Detection and Reporting: #1, Rapid Response: #2, Health System: #1, and Compliance with International Norms: #1. By comparison here is how China ranks: Overall: #51, Prevention: #50, Detection and Reporting: #64, Rapid Response: #47, Health System: #30, and Compliance with International Norms: #141. It is astounding, given the lethality of the COVID-19 coronavirus variant, that the death toll among Red China’s almost 1.4 billion people, most of whom are impoverished, is not already 10X higher than the current count. ~The Patriot Post
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