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The P&R Plague Thread (Covid-19)


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Community spread was bound to happen in the US - and praying it away was never gonna work (Sorry VP Pence). Theres probably hundreds of cases in the US that people had it and didn't even know it - the sad part on those cases, is those people interact with immunocompromised people where this could be deadly for them. As this continues to spread, be aware of the elderly and people with underlying diseases in your life - don't visit them if you're sick - if you are able to, run errands for them and reduce their contact with people that may be sick. And for god's sake WASH YOUR HANDS.

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According to this analysis things could get much much worse for wall street, the economy and therefore Trump's reelection chances.

The bold statement below is an eye opener.

 

https://www.cnbc.com/2020/03/01/coronavirus-is-significant-threat-to-economy-and-trump-mark-zandi.html

 


 

Quote

 

Moody’s Analytics Mark Zandi warns Wall Street is underestimating the damage from a coronavirus pandemic — both on the economy and President Donald Trump’s re-election campaign.

“Right now, we don’t have a whole lot of confidence. I mean he can’t seem to get on the same page with the experts, the CDC,” the firm’s chief economist told CNBC’s “Trading Nation” on Friday. “This is a significant threat to his re-election.”

 

Not only is the response to the medical emergency key, an economic downturn sparked by the coronavirus would be political kryptonite.

According to Zandi, the probability of a recession is jumping.

“They’re at least even odds,” he said. “If you take the most likely scenario and the CDC is roughly right, then it’s pretty hard to avoid one.”

The market’s historic correction suggests investors are cognizant of the recession risks associated with a coronavirus pandemic.

Stocks just saw their worst week since the 2008 financial crisis. The S&P 500 is off 14% since its Feb. 19 record high. It now sits at its lowest level since October. The Dow just saw its worst weekly point decline ever.

 

Despite the record losses, Zandi believes Wall Street is dangerously underestimating the magnitude of a recession.

 

 

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The ever very stable genius is having a difficult time wrapping his big arms and small hands around this crisis.  There is a crisis of leadership here and speaking in denial fashion does no one any good.  Platitudes and shallow assurances don't cure the disease or protect the population.  He is in his "Churchill Moment" and he is failing.

Contrast previous other GOP leaders: Reagan after the Challenger explosion, at the Berlin Wall.  GWB on top of the firetruck at Ground Zero.    Trump - 'the stock market is looking pretty good to me' just before it has a historic fall.

 

 

https://www.thehour.com/news/article/Inside-Trump-s-frantic-attempts-to-minimize-the-15095593.php

 

Quote

 

Minutes before President Donald Trump was preparing Wednesday to reassure a skittish nation about the coronavirus threat, he received a piece of crucial information: The Centers for Disease Control and Prevention had identified in California the first U.S. case of the illness not tied to foreign travel, a sign that the virus' spread in the United States was likely to explode.

But when Trump took to the lectern for a news conference intended to bring transparency to the spiraling global crisis, he made no explicit mention of the California case and its implications - and falsely suggested the virus might soon be eradicated in the United States.

 
 
National Institute for Allergy and Infectious Diseases Director Dr. Anthony Fauci, left, accompanied by President Donald Trump, speaks about the coronavirus during a news conference in the press briefing room ... more
 

WASHINGTON - Minutes before President Donald Trump was preparing Wednesday to reassure a skittish nation about the coronavirus threat, he received a piece of crucial information: The Centers for Disease Control and Prevention had identified in California the first U.S. case of the illness not tied to foreign travel, a sign that the virus' spread in the United States was likely to explode.

But when Trump took to the lectern for a news conference intended to bring transparency to the spiraling global crisis, he made no explicit mention of the California case and its implications - and falsely suggested the virus might soon be eradicated in the United States.

"And again, when you have 15 people - and the 15 within a couple of days is going to be down to close to zero - that's a pretty good job we've done," he said.

Trump's playing down of the California patient at his news conference underscores the administration's slapdash and often misleading attempts to contain not just the virus, but also potential political damage from the outbreak - which has tanked financial markets, slowed global commerce and killed some 3,000 people worldwide, including the first U.S. death, announced Saturday.

Since Trump touched down from a two-day trip to India early Wednesday morning, the administration struggled to cope with the fallout from the crisis - shaking up and centralizing its coronavirus response team under the leadership of Vice President Mike Pence, floating plans to stabilize the markets and publicly seeking to minimize the threat posed by the potential pandemic.

 

Interviews with nearly two dozen administration officials, former White House aides, public health experts and lawmakers - many speaking on the condition of anonymity to share candid assessments and details - portray a White House scrambling to gain control of a rudderless response defined by bureaucratic infighting, confusion and misinformation.

"It's complete chaos," a senior administration official said. "Everyone is just trying to get a handle on what the [expletive] is going on."

 

 

 
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