Saturday, June 13, 2020
How is Trump's Covid 19 Response?
Everyone has an opinion about the Trump response to Covid 19. I happen to believe what he has accomplished by removing regulations has been fairly impressive and I have been pleasantly surprised by his leadership. Trump's decision to ease restrictions was right and data is proving it. However, right now, polls have him well under water for his response and that is because a lot of people are without doubt suffering and feeling the effects of Covid 19. And part of the reason for this is because a large portion of the population still wants to air on caution and leave the economy closed. However, there needs to be some balance or we will fighting a recession for a decade and there will be lots more pain, suffering, and death from that. When asked, most people believe Biden is the best man to handle the Covid 19 situation. I find this very surprising since Biden is afraid to come out his own basement. In order to lead, the most effective way is to have in contact meetings, not zoom meetings. I believe this is the best way to keep Biden under lock and keep him from saying too much.
I look to one independent source to see how the President is doing and that is the stock market. The stock market is very finicky. That said, I believe it highly inflated at this point. But to remain at 25,000 in the face of a pandemic and record unemployment and small business closures tells me they believe in the President. Remember, when Trump took office many predicted the stock market would tank, but that was not even close to the truth. The opposite was true, we saw the greatest stock market run in its history increasing 70% in his first 3 years. The fact it still remains 50% above Obama years is quite telling.
What people need to remember is that Trump's economic issue is far different than the housing crisis Obama faced. Trump has to fight both a pandemic and mass fear as well as the economic situation. Obama only needed to focus on correcting the housing issue.
Labels:
Covid 19,
Obama,
stock market,
Trump,
Unemployment
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