Closing Thought–12Mar20

Trump went on the air to address the nation about the efforts of the US to curb the spread of this fast moving virus…..plus he was trying to halt the markets free fall….

President Trump said Wednesday he is suspending all travel from Europe to the US for 30 days beginning Friday as a measure to combat the novel coronavirus. Trump made the announcement in an Oval Office address to the nation, blaming the European Union for not acting quickly enough to address the “foreign virus” and saying US clusters were “seeded” by European travelers. “We made a lifesaving move with early action on China,” Trump said. “Now we must take the same action with Europe.” Trump said the restrictions won’t apply to the United Kingdom and the US would monitor the situation to determine if travel could be reopened earlier, reports the AP. The BBC reports the rules take effect at midnight Friday.

Trump said he was also directing agencies to provide unspecified financial relief for “for workers who are ill, quarantined or caring for others due to coronavirus,” and asked Congress to take action to extend it. Trump said the US will will defer tax payments for some individual and business filers for three months to lessen the impacts of the virus outbreak. He said the Small Business Administration will also make low-interest loans available to businesses to help them weather the storm. “This is not a financial crisis,” he said. “This just a temporary moment of time that we will overcome together as a nation and as a world.” Trump also reiterated his call on Congress to pass a cut to the federal payroll tax in order to stimulate the economy.

Sorry but this damn silly tax relief is NOTHING but an attack on the Social Security system….something the GOP has been trying to destroy since the 1940s….

Plus how will that go about solving the virus problem we are having?  Markets are not the cure!

Then there is the travel ban which does not include places that have Trump golf courses…..

Hours after the World Health Organization declared the novel coronavirus a pandemic, President Donald Trump on Wednesday night announced a 30-day travel ban on most of Europe. But among the countries he excluded were two where he has hotels and golf courses that have been struggling financially: the UK and Ireland.

https://www.businessinsider.com/coronavirus-trump-europe-travel-ban-exclude-uk-ireland-golf-courses-2020-3

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2 thoughts on “Closing Thought–12Mar20

  1. The travel ban might be too little too late, but it is not a terrible idea. That should have been happening here in Europe, and much earlier. UK cases are increasing daily, so I suggest that Britain and Ireland should be included, no excluded. Golf courses, or not.
    Best wishes, Pete.

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