CAL THOMAS COMMENTARY MAY 1, 2020
WHAT KIND OF ECONOMY WILL AMERICA HAVE AFTER THE COVID-19 VIRUS LEAVES US, ASSUMING THAT IT DOES AND A TREATMENT IS FOUND.
IT DEPENDS ON SEVERAL THINGS. AFTER NOTING THE GOVERNMENT HAS SPENT $2.9 TRILLION ON VIRUS RELIEF, SO FAR, A WALL STREET JOURNAL EDITORIAL SAID “AFTER THE COUNTRY RE-OPENS, HOWEVER SLOWLY, THE TRUMP ADMINISTRATION NEEDS TO TURN ITS FOCUS TO WHAT THE ECONOMY SHOULD LOOK LIKE AFTER THE PANDEMIC. DO AMERICANS WANT TO RETURN TO A SLOW-GROWTH, LOW-WAGE RECOVERY OF THE OBAMA-BIDEN YEARS? OR DO THEY WANT THE FASTER GROWTH POLICIES OF THE PRE-VIRUS TRUMP ERA THAT LIFTED INCOMES MORE RAPIDLY FOR LOW-WAGE WORKERS”
“THE GOVERNMENT AND THE CORONAVIRUS ARE CRUSHING THE PRIVATE ECONOMY, TAKING AWAY MR. TRUMP’S BEST ARGUMENT FOR RE-ELECTION. HIS BEST CHANCE TO WIN NOW IS TO OFFER A PRO-GROWTH VISION AND POLICIES THAT CAN SAVE THE POST-VIRUS ECONOMY FROM THE STRANGLED GOVERNMENT.”
THAT IS EXACTLY RIGHT. OPEN UP PRIVATE BUSINESSES FAST WITH PROTECTIONS AND LET’S GET THIS ECONOMY ROLLING AGAIN. GOVERNMENT IS NOT THE ANSWER. I’M CAL THOMAS.
