Surge Summary: A strong economy and encouraging developments provide reason for cautious optimism across the board by Americans as the coronavirus situation continues to play out around the world.
by Gary Bauer
[Friday] morning, the government reported that 273,000 new jobs were created in February. That smashed predictions of 175,000 new jobs. And there was more good news. The jobs figures from December and January were revised upwards by 85,000 more jobs.
Within minutes, the stock market rallied 2,000 points – not. The pre-market was down 780 points and it remained down 780 points. What in the world could explain that?
The answer is not that complex. There were several new coronavirus cases reported in the United States in the last 24 hours, and to frightened investors that cancelled out the fact that 273,000 more Americans were working last month than before.
Yet when it comes to the virus itself, there are reasons to feel cautiously optimistic.
- The spread of the coronavirus in China is slowing.
- In countries with better healthcare systems, like South Korea, the death rate is much, much lower than the 3% figure that has been widely reported.
- Children are not at great risk.
- Thousands of people are recovering every day, but those numbers are not being reported by the media.
- People over 65 are at greater risk, particularly if you have heart disease, lung disorders, diabetes or other physical ailments.
But along with that good news is the reality that as tens of thousands of people in the United States get tested in the next few weeks, the number of reported cases is going to go up. (And I believe, as a result, the death rate
will go down.) We will see the proof that for most people this is the equivalent of the normal seasonal flu or severe cold.
Thank God that Donald Trump, Mike Pence and their team of free market experts have been running the U.S. economy for the past three years. The result is that we are going into this health crisis in an incredibly strong position as [Friday’s] report of 273,000 new jobs shows.
If this had happened during the Obama/Biden years, I shudder to think of the economic pain that would have ensued.
Related Columns:
Getting Back To Basics — with a Little Nudge from the Coronavirus
Strong Economy, Medical Advances Equal Reason to be Hopeful in Face of Coronavirus Problem
Hysterical Coronavirus Reporting Exposes the Mainstream, Financial Media
The Coronavirus: From Prophecy to Conspiracy Theory to Pragmatism
Coronavirus: Is It a ‘Plague’ of ‘Biblical’ Proportions? Or Something Else?
The views here are those of the author and not necessarily Daily Surge.
Originally Posted here.
Image: Adaptd from: Виталий Смолыгин (publicdomainpictures.net); https://www.needpix.com/photo/1334206/business-chart-growth-finance-wealth-success-stockexchange-revenue-arrow
Gary Lee Bauer is an American politician and activist, who served in the Reagan administration. He later became president of the Family Research Council and a senior vice president of Focus on the Family. In 2000, he participated in the Republican presidential contest.
Surge Summary: A strong economy and encouraging developments provide reason for cautious optimism across the board by Americans as the coronavirus situation continues to play out around the world.
by Gary Bauer[Friday] morning, the government reported that 273,000 new jobs were created in February. That smashed predictions of 175,000 new jobs. And there was more good news. The jobs figures from December and January were revised upwards by 85,000 more jobs.
Within minutes, the stock market rallied 2,000 points – not. The pre-market was down 780 points and it remained down 780 points. What in the world could explain that?
The answer is not that complex. There were several new coronavirus cases reported in the United States in the last 24 hours, and to frightened investors that cancelled out the fact that 273,000 more Americans were working last month than before.
Yet when it comes to the virus itself, there are reasons to feel cautiously optimistic.
- People over 65 are at greater risk, particularly if you have heart disease, lung disorders, diabetes or other physical ailments.
But along with that good news is the reality that as tens of thousands of people in the United States get tested in the next few weeks, the number of reported cases is going to go up. (And I believe, as a result, the death rate will go down.) We will see the proof that for most people this is the equivalent of the normal seasonal flu or severe cold.Thank God that Donald Trump, Mike Pence and their team of free market experts have been running the U.S. economy for the past three years. The result is that we are going into this health crisis in an incredibly strong position as [Friday’s] report of 273,000 new jobs shows.
If this had happened during the Obama/Biden years, I shudder to think of the economic pain that would have ensued.
Related Columns:
Getting Back To Basics — with a Little Nudge from the Coronavirus
Strong Economy, Medical Advances Equal Reason to be Hopeful in Face of Coronavirus ProblemHysterical Coronavirus Reporting Exposes the Mainstream, Financial Media
The Coronavirus: From Prophecy to Conspiracy Theory to Pragmatism
Coronavirus: Is It a ‘Plague’ of ‘Biblical’ Proportions? Or Something Else?
The views here are those of the author and not necessarily Daily Surge.
Originally Posted here.Image: Adaptd from: Виталий Смолыгин (publicdomainpictures.net); https://www.needpix.com/photo/1334206/business-chart-growth-finance-wealth-success-stockexchange-revenue-arrow
Gary Lee Bauer is an American politician and activist, who served in the Reagan administration. He later became president of the Family Research Council and a senior vice president of Focus on the Family. In 2000, he participated in the Republican presidential contest.
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