So the Fed has dropped the short-term interest rate to near zero. Well, I suppose that saving 1 percent on your loans may be of some help, but it is mainly "feel good" help.
It looks like Moscow Mitch has torpedoed the House financial bill that was aimed to help the working poor. So it looks like millions of Americans are just going to have to suck it up. Will food banks be open? I guess there are groups that serve hot meals once a day.
So no surprise that the stock market is down big time again Monday. Maybe it will be called the Mitch Recession? Or how about the By, By Trump Recession.
He got a lot of credit for declaring a National Emergency, but then the next day he said he wasn't sure he did the right thing. Still stepping on his good points.
Speaking of Trump, all of a sudden he seems to realize that the Coronavirus is a real problem, even a real problem for him. He is now appearing daily with the White House Taskforce and not stepping all over his concerns. As they say in 12-step programs, "Fake it until you make it." Trouble is, now Trump has to contend with Moscow Mitch who seems to think that the unemployed are no problem.
Even some Republicans are beginning to be believers in the pandemic. Newt Gingrich, for example, is running a program from Rome that states you can't ignore facts. well, that in itself is an advance for Republicans.*
* https://www.washingtonpost.com/politics/as-much-of-america-takes-drastic-action-some-republicans-remain-skeptical-of-the-severity-of-the-coronavirus-pandemic/2020/03/17/f8b199c8-6786-11ea-b313-df458622c2cc_story.html?utm_campaign=wp_post_most&utm_medium=email&utm_source=newsletter&wpisrc=nl_most
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