So many Coronavirus economy questions. For now, very few answers. Lots of disappointments. For some, hopefully, a new promising new normal beginning .
Questions such as: Can businesses in this region recover? Are we ready to reopen? Which industries might be the winners? Which could lose?
Michael Hecht, the President of Greater New Orleans Inc seemed optimistic but worried. Hecht has been the face of the region's economic development engine. He moved to the city after Katrina and has been at the center of major developments in the airline, technology, manufacturing, transportation, aerospace, logistics, just to name a few.
It took President Trump three years to build the world’s best economy with an unemployment rate of only 3.5%, rising wages, strong consumer confidence, and a robust stock market. Sadly, it only took three weeks for that healthy economy to be destroyed and the longer the economy is closed for business, the harder it will be for our nation to recover.
Did you know that those individuals around the United States and locally, who want the national governments to be prudent, follow science and put life before money, are “unconstitutional anti-business, socialists who have destroyed the American economy’?
If you looked around over the past week, you will see these epitaphs all over. They’re on protests signs, on social media posts, on certain cable networks along with revolutionary-war era slogans such as “Don’t Tread on Me”, “Give Me Liberty or Give me Death”.
As you grab your hat on the way out the door to work did you know?
The coronavirus, aka Covid-19, is a scheme to destroy the American economy, to bring down President Donald Trump and to install socialism as a body-politic.
Or, at least, that is what I have read on twitter, other social media and have heard on rush radio and the like.
After several months of non-stop media hysteria, Americans are finally getting sick and tired of hearing about the dangers of Covid-19 and reminded about the precautions they must make. It is getting nauseating for every news program and a growing number of commercials to obsess about the coronavirus.
Of course, Americans are concerned about the disease and want to be safe, but full safety can never be guaranteed. There will always be killer diseases that can impact Americans. This has been the case since our country was founded 244 years ago.
Just in case you are in doubt, Donald Trump did not create the covid-19. He did not ask it to visit the United States. He has not personally fired over sixteen million people over the past three weeks. Regardless, it is time for him to take responsibility.
I know, many of you are going to cry out and say this is a “ hit piece”. You will defend the president, call all of those people who are critical of him and his coronavirus performance as not caring about America, casting blame rather than working together for the greater good.
As the world begins a second month of lockdown in response to the nightmare known as the coronavirus, it is essential to examine how this mess developed and how we return to some semblance of normalcy.
As part of the quest for truth, the three types of lies must be identified: lies, damned lies and statistics.
It is a lie that COVID-19 originated at some wet market in Wuhan, China. The media and most of the scientific and medical communities are holding to that theory; however, we do not know definitively. Centers for Disease Control and Prevention (CDC) officials were not allowed into China to investigate the virus in the early stages. The communist Chinese government is notorious for lying and mistreating both its citizens and outsiders, so their statements verifying the wet market origins of the virus cannot be trusted.
In February, the nation added 273,000 jobs to the economy and the unemployment rate was only 3.5%. The Trump economy was booming, the stock market was hitting record highs and the American public was confident about the future of the economy. My, how times have changed.
Since that idyllic period, worries about the coronavirus have exploded and the nation’s economy has been essentially shut down, except for certain critical sectors. All indicators have moved to negative territory. For example, the stock market is down about 30% from its February all-time high.
Roughly one month ago, Louisiana had no coronavirus cases report. Today, the state Department of Health and Hospitals claim there are 10,297 reported, 370 deaths reported, 1707 patients in hospitals, 535 of them on ventilators.
Also, over 53,000 tests have been completed, with 49,608 being done by state labs.
The New Orleans region is one of the nation's top hot spots. In New Orleans and Jefferson Parishes, deaths alone amount to 233.
The world is forever changed with the advent of this pandemic. The casualties may include traditional forms of greetings such as handshakes and hugging as more people embrace the new standard of “social distancing.”
Possibly, large public events will become rare occurrences. Fewer people will shop at retail locations or attend movie theaters, as the rush toward online shopping and entertainment will be accelerated. Popular modes of travel such as cruise ships may find fewer customers in the future as the many coronavirus worries may disturb American life for many years to come.