President Donald Trump is facing a “black swan threat” to the economy and therefore, his reelection chances. Even Trump‘s leading allies acknowledge the deadly coronavirus could present an existential political threat for the president in an election year as markets plunge the further the virus spreads.
According to a report by Politico, even Trump‘s leading allies acknowledge the deadly coronavirus could present an existential political threat for the president in an election year. Many economists and pollsters admit that Trump would be difficult to beat in November unless a recession hits hard.
Stock markets around the world have tumbled on the news of the coronavirus outbreaks unprecedented spread. The number of coronavirus cases mushroomed in advanced nations like Italy, Japan, and South Korea. And travel bans expanded as leaders confronted the nightmarish prospect of a spreading virus swallowing their nations
President Donald Trump’s top aides faced an increasingly urgent threat Monday with potentially monumental implications: a global outbreak knocking down the U.S. economy and walloping markets in an election year, all against accusations about whether the Trump administration had mismanaged and underfunded a critical response with American lives on the line. Politico
The Dow Jones Industrial Average fell more than 1,000 points, its largest slide in two years. That’s bugging officials in the White House and across Washington, delivering implications from the long-simmering coronavirus threat to many more Americans. “The view in the White House is that this is one of those classic black swan events, and all we can do is control the health issues in the U.S.,” said Stephen Moore, an informal economic adviser to the Trump team.
With the possibility of a U.S. outbreak growing by the day, Trump allies and advisers have grown increasingly worried that a botched coronavirus response will hit the U.S. economy. Even Donald Trump Jr. has mused to associates he hopes the White House does not screw up the response and put the president’s best reelection message at risk, said two individuals with knowledge of his comments.
“Trump’s reelection effort is so closely tied to the strength of the stock market and the economy,” said Stephen Moore, a distinguished visiting fellow at the Heritage Foundation and 2016 Trump campaign adviser. “Anything that shakes us off of that pro-growth track is a concern, but I think the view of officials in the White House is that this will be contained.”
But we still suggest preparedness measures be taken on your own. Regardless of what the government says, they’ve been powerless to contain and stop the spread of the coronavirus. It would be in your best interest to put your health in your own hands. Governments (both democrat and republican) have been known to lie for getting you to vote for them. Don’t trust that this will be contained, as all other governments have failed miserably so far.
N100, N99, and N95 face masks have been selling out everywhere. As this virus spreads, a mask might be able to at least reduce your chances of becoming infected. But the best way to do that is to avoid crowds of people, improve handwashing techniques, and sanitize the things you touch regularly in your home (doorknobs, TV remotes, kids’ toys, etc.)