This was published Sunday. Figured I’d wait a day or two to see how predictions start to pan out.
White House National Economic Council Director Larry Kudlow expressed confidence that U.S. supply lines and the workforce would be largely unaffected by the coronavirus outbreak Sunday.
“I’m going to say yes, knowing there may be some exceptions…” Kudlow told CBS’ Margaret Brennan, asked if Americans would be well-positioned to feed themselves amid images of runs on grocery stores…but added “the employment story may become more tenuous in the weeks ahead.”
Kudlow predicted that the Senate will take up a raft of measures addressing the virus, whose provisions include paid sick leave for some workers and free virus testing, “pretty rapidly.”…
“We have lots of ways and means to make sure nobody falls through the cracks,” Kudlow added.
So, couple days later, Mnuchin is predicting 20% unemployment. We had the fun and games through the first week of shopping with large-scale numbers beginning to show on the infection rate and concurrent death rate. The greater toilet paper hoard began. Every region displayed different shortages. And the response from the government side, from the White House to the Republican-controlled Senate has been predictable and inane.
Trump finally discovered the infection rate of COVID-19. Someone must have finally explained in words of two syllables or less what each infection spreading to 2.3 people per contact works out to in street math.
And Kudlow has never been a learned, trained economist. He’s a journalist who worked for a newspaper that reported on economics among other topics on Wall Street. Got him a popular spot on television. Proved to be a hit with conservative and rightwing idealogues…and that was enough to get the gig and title from a fake president who wouldn’t know an economist if one bit him on the ass.
Like his boss, El Trumpo…Kudlow will continue to devote his time aiding any large corporation whose profits – not their people – might fall through the cracks