Even the coronavirus crisis could pull Nancy Pelosi’s focus from partisan politics.
But there’s one area the desperately needs her attention.
Nancy Pelosi put her career at risk by ignoring this one number.
Many of the coronavirus numbers that are coming out actually are containing good news.
The Institute for Health Metrics and Evaluation decreased their estimate for hospital beds needed at the peak down by 34%.
The projections for the number of deaths was far higher just two weeks ago. Hopefully, this means that the virus is not as deadly as previously thought.
Swine Flu killed 12,000 in America in 2009 even though it’s less deadly than the normal flu because 20% of Americans got it, compared to the typical 8% of the population who get the flu in an average year.
Swine Flu spread more easily through the population because there was no herd immunity.
Coronavirus has already caused twice as many deaths as Swine Flu and the situation is still serious, but it’s looking like America is beginning to hit the top of its curve.
The point of the social distancing measures was to flatten the curve and make sure that the hospitals didn’t get overwhelmed.
Since the medical side of the coronavirus is beginning to look brighter the economic side needs to be dealt with.
This is the side that Nancy Pelosi is totally ignoring since in her perfect world America would have a socialist rather than a capitalist economy.
The amount of suffering that has been caused because the economy is shut down is not insignificant.
The number of businesses that will be foreclosed could be higher than the Great Recession.
According to the Washington Examiner:
“The assumption is that whatever happened in 2008 to 2009 in terms of bankruptcies, this is going to be worse,” said Desmond Lachman, an economist at the right-leaning think tank the American Enterprise Institute. “So you’ve got to brace yourself for the whole wave of bankruptcies.”
The surge of personal and business bankruptcies that began in 2008 because of the financial crisis reached its peak in 2010 when nearly 1.6 million bankruptcies were filed, according to the Administrative Office of the U.S. Courts. In 2009, there were 1.4 million bankruptcies and 1.1 million in 2008, according to the organization.
Aaron Klein, a fellow of economic studies at the Brookings Institution, thinks these numbers will be exceeded if the economic shutdown persists long enough to kill the Major League Baseball season, which has already postponed Opening Day because of the virus.
“You tell me when baseball starts and I’ll tell you [if we exceed Great Recession bankruptcies],” he said. “If baseball resumes on June 1, maybe not; if baseball resumes around the All-Star break, then maybe. If there is no season, definitely.”
The timeframe to get America up and running again is limited if America doesn’t want a complete economic meltdown.
And if Nancy Pelosi continues to ignore the data and risk economic catastrophe by supporting lockdowns the American people could end her run as Speaker by voting out the Democrat majority this November.
Congress should really be thinking about how to help keep small businesses afloat, instead, Nancy Pelosi is trying to increase abortion funding.