Thursday, April 30, 2020

It’s Time for the President to Address Our Economic Relaunch

Conrad Black
If the president acts carefully and puts the issues squarely, he will succeed, the economy will recover quickly, and he will be invincible in November.




"It is clear that the time is approaching that will be absolutely decisive for this presidency and for the country’s near-term future. The president will have to decide on an economic relaunch plan, and this will make or break him and his opponents.
"The vast amount of posturing and accusatory liberties that already surpass what is normal in even the most contentious of election years will be of no account, depending on the outcome of the president’s decision of when and how to conduct the United States back to normal life. The Democrats have advocated a lengthy shutdown, leaving plenty of room to impute to them political as well as public health motives.
"Obviously, if the country strangles itself into a profound and lengthy recession, the Democrats’ electoral chances improve. The longer such a state of affairs continues, the harder and less relevant it will be to recall President Trump’s achievement in generating an immense economic boom and one that profoundly bettered the lot of the lower half of American income-earners, whose real income had stalled for over 15 years.
"Dr. Ezekiel Emanuel (brother of Rahm), one of the senior medical advisers of apparent Democratic nominee Joe Biden, has advised an 18-month shutdown to await a vaccine. Of course, this is nonsense. But Biden is calling for mass-testing and intensive and time-consuming research and consultation, obviously stretching for months, before even a very partial reopening of normal activity. And he has joined the inevitable Democratic chorus that this further extension of the present shutdown is necessitated by the administration’s complete failure to prepare for such a crisis." . . .

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