Thursday, October 29, 2020

It is All Connected


The Wall Street Journal 5 Day Graph
October 29, 2020
I recall that the president was extolling the strength of the economy based upon the rise in the stock market during the last debate. It seems that the silver lining is tarnishing a bit this week as the reality of the renewed coronavirus runs into Wall Street. The Dow was down over 900 points yesterday and it is being blamed on the coronavirus response--or lack of response.

Here is a headline from this morning's The Wall Street Journal:

Stocks End Sharply Lower on Coronavirus Concerns

We must stop looking at trends and situations in isolation and consider the total impact upon everything. As long as the coronavirus response continues to be inept and inconsistent, the economy cannot recover. Despite what we are being told, a solid, cogent coronavirus plan will turn the economy around--ignoring the virus and insisting that it is going away is a recipe for disaster--economically, medically, socially. 

The administration needs to accept the science and forge a plan that will work against the virus and for the economy. We could become a world leader rather than a laughingstock.

-- Bob Doan, Elkridge, MD

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