Coronavirus: Trump Declares National Emergency, Speaks Together With Top CEOs, Shakes Their HandsChris Menahan
Mar. 13, 2020
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President Trump declared a national emergency on Friday afternoon and moved to free up $50 billion for states to manage the coronavirus outbreak.
He spoke together with a group of top CEOs from Walmart, Target and Walgreens and more and shook many of their hands.
Hopefully, he and Pence did not catch the virus from Bolsonaro aide Fabio Wajngarten or any of the two-thirds of congress who attended AIPAC (a sixth AIPAC attendee was just diagnosed), same goes for CPAC.
Trump was asked during the press conference about standing next to Wajngarten and he said he personally feels fine and has "no symptoms."
He later said he was going to get tested regardless.
The average time for symptoms to show is 5 days.
This was pretty funny:
Trump said the declaration would give HHS broad authority to enable doctors and hospitals "maximum flexibility" to respond to the virus and care for patients.The markets reacted well to the news (on top of the $1.5 TRILLION the fed just injected):
Remember this next time we're told there's no money for the wall, e-verify or a UBI.
I don't know all the implications of everything he laid out but I didn't hear anything about aggressive quarantines or how we're going to get face masks. He did say they ordered a lot of respirators but didn't say where they were coming from or who was going to produce them.
Regardless, spending $50 billion on the coronavirus compared to $1.5 trillion to juice the markets as industry is shutting down doesn't strike me as very prudent.
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