WASHINGTON: All because China unleashed a deadly virus on the world, including America, President Trump had to make the decision to shut down America’s economy. An economy he spent three years developing to a great result. The strongest market rates, lowest unemployment rates, and the largest growth in the middle and minority classes. All that lost to the Coronavirus. Before it is lost forever, America, and the President, must be bold in re-opening America.
Years from now, history will note a major event that occurred in 2016.
An event that significantly altered the course of the country and the world. At the time, the U.S. was in the last year of a 10-year economic slump. It was, in fact, the only 10-year period in history where the economy did not achieve a 3% annual growth rate in any year.
During his first term, in spite, of the negative press, strong Democratic opposition, and the members of his own party who often show a lack of support, President Trump’s accomplishments are remarkable. One of the most difficult decisions he had to make was to shut America down in response to the unleashed virus from China.
Now leading America’s governors, starting with Georgia’s Brian Kemp and Oklahoma’s Governor Kevin Stitt, both Republicans, in loosening the restrictions on their state businesses, is the second hardest, and most consequential, the decision of his Presidency. (Several states starting to reopen this weekend). If states begin to reopen, without a surge in Coronavirus deaths, even with the number of persons infected rising due to enhanced testing, President Trump will be the victor.
If there is a surge in deaths from the virus, the Coronavirus from China will win.
What we lost in shutting down the American Economy and why re-opening America is necessary
President Trump brought about the end of Obama economic and job stagnation.
From 2007 to 2016, under Obama, the economic growth averaged about 2%. That subpar growth rate led to fewer opportunities for Americans. All leading to poor employment prospects and stagnant wages. Many Americans had no opportunity but plenty of resentment.
Wary citizens were beginning to reject Capitalism in favor of socialism. The country was headed in a very un-American direction.
On the world stage, a number of threats existed.
There were numerous and long-term problems in the Middle East. Russia and China were going on offense, and North Korea was getting serious about displaying their strength. As for America’s foreign policy, it was as if someone gave the “stand down” order to every conflict, which resulted in the U.S. taking very soft, and ultimately weak, positions.
Many Americans began to place security above freedom. They wanted the government to pay for their healthcare, their higher education, their basic income, and even their housing. Of course, the government gets the money by taxing income earners.
Fortunately for the country, Trump did win the 2016 election.
Had the election in 2016 gone differently, spend-and-tax government actions would have been implemented. Those actions permanently slow economic growth. The reason is very simple.
All income transfer programs take income away from people who earned it and give it to people who, for whatever reason, have not earned it. That means income earners have less incentive to earn and income receivers have no incentive to earn.
Both groups will contribute less and that will slow economic growth. The spend-and-tax philosophy, as well as the increased social responsibility direction, needed to be changed.
So Donald Trump came along. He was a very, very successful businessperson and TV personality. Although elected president, he was not a politician.
But Trump’s message was welcomed by Americans. He told people to look in the mirror to see where they were and what they had.
The President then asking, “What do you have to lose?”
Many Americans saw they had little to show for the last 10 years. For those who were very disappointed with what they had, he promised he would “Make America Great Again.”
He emphasized being great, winning, and returning to prosperity. His vision was always clear. Unfortunately, his unpolished and politically incorrect communication skills were not as clear, which allowed the strong Trump opposition to make things extremely difficult for the President.
The President survives the hoaxes.
So far, in his first term, he has endured a two-year special prosecutor investigation that concluded he did nothing wrong and wasn’t guilty of anything. Then he was impeached, also for doing nothing wrong.
During that same period, he tried to get economic growth to increase.
But the Federal Reserve raised interest rates eight times from the end of 2016 to the end of 2018, thereby stifling growth.
In spite of all of that, President Trump got economic activity to increase significantly. Record low unemployment resulted along with low inflation and much more opportunity for every American.
On foreign policy, Trump takes a much tougher stance. His aggressive “peace through strength” philosophy is working. Although there is risk when Trump gets tough with things like tariffs, sanctions, and military actions, the results so far have been very positive.
When imposed, countries have responded in a manner favorable to the U.S.
History will note that Donald Trump was remarkable. In spite of more than 90% of media coverage of him being negative, in spite of every Democrat consistently opposing anything he wants to do, and in spite of some members of his own party being against him, he has managed to change the direction of the country.
He is moving toward more individual freedom, more individual responsibility, lower rates of taxation, and a smaller role for government. Those are the principles that allowed our country’s economy to increase from birth to the largest, most prosperous in the world in less than 150 years.
Today he sits with the weight of the world on his shoulders. The nation’s personal health and economic well-being are at risk. The President will soon have an extremely difficult decision to make regarding opening America’s economy back up. The ultimate decision will the governors, who will take the praise if it works. On the other hand, if the Coronavirus takes off, it will be President Trump’s fault.
As President Trump has said on Re-opening America, “I have to make the biggest decision of my life. I hope to God I make the right one.”
A remarkable person is likely to make a remarkable decision.