Tuesday, March 24, 2020

Texas Governor Dan Patrick says what many Americans have been afraid to say during Corona Crisis

Texas Governor Dan Patrick, who is 70 years old, came out with a statement yesterday that he would be willing to take the risk of getting back to our normal lives rather than shutting down the entire country.  He said he was all in and willing to take the risk of getting the Covid 19 virus.  He said he thought many Americans were willing to do the same rather than see the country shut down and the economy devastated. 

I think this is not an uncommon thoughts by many people.  For example, Las Vegas has been completely shut down and turned into a ghost town.  The majority of people make their earning off of tips.  With bars, shows, restaurants and all non-essential businesses being shut down many people will not survive a month without getting behind on payments.  This is something the government can not fix.  No one wants to see people sick and in pain and no one wants to see anyone dying from this pandemic or anything else.   However, people could be set back years by having the casinos closed for 30 days or more.  Governor Patrick was being realistic about solutions to slowing the spread of the virus.  Las Vegas Mayor Goodman also had battled against the complete shut down of the city by the Nevada governor. 

The pettiness of the political battles is astonishing.  It has become black and white thinking.  There is no simple answer.  We can not survive without people working or with the economy shut down.  The stimulus packages will be virtually useless to anyone who is a gig worker or an independent contractor.  It will also not help circulate money back into the economy the way it would be needed because people will either save the money or immediately use it for groceries or rent.  It will not get people back to the level of consumption the economy needs to flourish.  Once again the stimulus or "bailout" is not for the American people.  It will be used by the largest companies and the behemoth banks that are far too big to fail.  Bigger than they were during the crisis of 2008.  All the talk of breaking up the banks only made the largest banks even larger.  They again are getting money at 0% interest yet it will never be passed on to the consumer in terms of lower mortgage rates or lower auto loan rates. 

Just because people talk about keeping the economy going doesn't mean they want people to die.  This is such a ridiculous way to look at things.  It is so simple to look at things as black or white.  This is not a simple problem.   We can not survive without being able to work.  The solution has to be in the gray area.  Get people back to work but take safety measures to mitigate the spread of the virus as much as possible. 

Most of the people continually saying stay home for Nevada or stay home for the USA are not sitting home out of work wondering what to do once they don't receive their next paycheck.  There will be people suffering whether we shut down the economy or whether we get people back to some since of normalcy. 

And of course no one is saying let people die, or saying we care more about the economy than people.  The reality is that we need the economy and we need people.  The current situation of lock down and stay home is impossible to sustain for much longer.  

No comments:

Post a Comment

your feedback and opinions welcome.