On Wednesday, July 15, 2020, in an unexpected move, the Trump administration said the U.S. Department of Health and Human Services would take the country’s coronavirus data, replacing the CDC. This replenishment, which occurred in the midst of a resurging virus, especially in the solar belt, was greeted with skepticism. The reasons why replenishment is plausible, but the timing is questionable. Why did the federal government make this replenishment before HHS put the right technology in position, a measure that led to a lack of transparency?
Two days after the announcement, on Friday, July 17, Admiral Brett Giroir, HHS undersecretary, asked, “How long before transparency? Will it be a week, a month, six months? Mr. Giroir replied:
“Possibly it wouldn’t be six months.” He also replied, “I’m not the leader generation officer here, I’m a customer of this information.” I’m sure it will be transparent and will be published very, very soon.” He also said, “We see the first signs that the epidemic is starting to be controlled.” And, “I think we’re turning around.”
Skeptics find it attractive that we “turned the corner” two days after the acquisition of HHS and a day after new instances in the United States reached a record 77,000. Does that make you a little curious?
“It’s the economy”
The slogan of President Clinton’s crusade really sounds true today. You see, presidential elections are won or lost because of the strength of the economy. In addition, America’s economic strength is driven by customer spending, which accounts for between 68% and 70% of GDP. Consumer spending is also strongly influenced by perception. Then one might ask, “What influences our perception?” According to The Peak Performance Center,
“Influences on beliefs go beyond experiences, education, values, culture, preconceived notions, and the circumstances they provide. In the end, the belief you build becomes your reality.
Therefore, the belief around Covid-19 is of paramount importance and has become the new political battleground. He who is knowledge is in the most productive position for human narrative and the beliefs and behavior that result. What does all this have to do with the economy? A lot.
Politics and economics
Many years ago, the political cycle revolved around elections. After the elections ended, the crusade stopped and politicians returned to work. More recently, however, we have been caught up in an endless cycle of political discord. And since 2020 is a vital election year, politics is critical to almost every primary problem, especially Covid-19.
Like a 15-round fight, in one corner are President Trump and most Republicans. In the opposite corner are the Democrats. Make no mistake, the president is really involved about the strength of the economy until November. If the economy is still suffering and Covid-19 still dominates the news, Democrats will argue that the president did not act well in advance of the virus. They will also say that he advanced his re-election for the fitness and well-being of the American people. Remember that the November elections will eventually be won or lost on the battlefield of perception. While we have legislation on the “loan truth” to protect consumers from dishonest lenders, there is no equivalent in policy. According to a political consultant, since both parties are involved in falsehoods, it is assumed that this is the way the game is played.
As either party seeks to retain and increase their strength in November, Americans will have to resolve a lot of misinformation, especially on social media. Anyone can post their opinion and claim it as a fact. Remember, it’s about perception.
The pre-spect is largely based on the economic issue, while a higher percentage of Democrats stick to the recommendation of medical experts. Each aspect revolves its own narrative, hoping to influence the electorate in November. This election is of specific economic importance due to civil unrest among the other factions. Rahm Emanuel, a former staff leader at Barak Obama, said the 2008 housing crisis
“It is never necessary for a serious crisis to be ruined. And what I mean by that is an opportunity to do things that you think you can’t before.
How long will Covid-19 last? When will America’s economy return to its former glory? How long will it be before unemployment returns to its pre-Covid level? Until we have an effective vaccine, it will be defined on the coherence of the message of our elected officials and the belief of the American people. The more divided we are on protection measures to combat the virus, the more we will be in this current situation. We all need this to end as soon as possible, but the behavior of many prolongs the epidemic.
George Washington once said that “the womb of America” was open to all, but only if they were willing to be “assimilated to our customs, measures, and laws: in a word, let us soon let our people.”
It is time for “we, the people,” to behave like the “United States” of America and un united in the non-unusual cause of defeating this invader. The suitability of our economy and the lives of our neighbors are at stake.
I am president of Integrity Wealth Management, Inc., an Independent “payment only” investment consulting firm from Array that I introduced in 2007. My career began with
I am president of Integrity Wealth Management, Inc., an independent “paid” registered investment consulting firm that in 2007. My career as a writer began with Investment Advisor mag in 2005, as editor-in-chief and editor of the weekly blog, “The Road to Independence” in 2007. AI is a widely read advertising publication for investment professionals.
As a 30-year veteran in the monetary facilities industry, I give a hand to clients in portfolio management, estate and tax plans, insurance and threat management, retirement plans, and other issues. This “real world” delight was a must-have in my writing. My purpose is to teach readers about the various facets of the economy and money markets, and to provide them with practical and useful information that allows them to take advantage of their monetary life.