Glenn Hubbard (click here) wrote trump tax change. The longer Trump prolongs exposure of the American people to SARS-CoV-2, the longer the money will flow from the Trump White House.
The original plan by Dr. Faucie was to close the USA down for three weeks to shut down the virus. That was met with Trump's lies and deceptions about the virus and expanded and continues to expand the spread of the virus. The only reason to contradict Dr. Fauci is to spend a great deal of money to support the American economy of trillion of dollars.
I am concerned there is a side effect of Trump's "herd immunity" goal other than profound illness, handicapped outcomes to the virus of survivors and deaths. The side effect is enormous spending on Wall Street. Trump is scaling back on funding to defeat the virus making facial masks the latest bubble and bust item.
Glenn Hubbard is an advisor the president and is recommending $1.5 to $2 trillion spendings on business to so call "recover" from the ongoing tragedy in the USA. I know this is not a popular thought, but, Trump has no clue what is good for the economy AND the protections of enough debt for future generations of Americans. I think future spending has to be realistic and prioritizing the END OF THIS VIRUS, not the propagation of it.
I am worried about the very vicious priorities of Trump and the spread of the virus. The latest Trump staff infections included two Secret Service members. The longer this tragedy plays out in the USA the more and more money being spent on business. PPP was supposed to end the collapse of the economy FOR A BRIEF PERIOD OF USA HISTORY, not be a model for the future which would bring about tremendous debt for generations to come.
The plans Trump has for THE ECONOMY TO DEFEAT THE VIRUS doesn't make sense. He is taking advice from economists like Hubbard that may be expecting to be the next Fed Chair. Everyone in the circle of advisers to Trump has their own agendas. (REWARD FRIENDS AND PENALIZE ENEMIES!) At no point in time does Hubbard speak to the highest priority of the American people, FUNDING TO END THE VIRUS, not propagate new spending for Wall Street.
Trump is asking for advice without a clear long term goal and costs. This is all electioneering for 2020. Trump has no real plans to end the spending so much as continue his chances to stay in office.
HUBBARD NEEDS TO WORK WITH DR. FAUCI TO END THE VIRUS AND NOT BE FAUCI'S OPPOSITION TO RESOLVING TO END THE VIRUS. Trump's plans are dangerous and need to be tempered with THE FINAL END OF THE VIRUS in a FEW WEEKS, not years into the future. The casualties from Trump's COVID-2 approach are adding up and it is a very sad outcome.
I WANT TO SEE SPENDING TO END THE VIRUS, NOT BUILD A WALL STREET THAT HAS NO REAL PURPOSE BUT TO SPEND MONEY AND WIN ALLIES.
Hubbard was Bush's economic advisor. He is a supply-side economist. His advice builds warehouses without end to store goods that, in this case, has no real demand. Supply-side economics is exploitive of the Federal Treasury in a time when people should be sheltering at home. The USA doesn't need more warehouses that only stand empty in the long view.
END THE VIRUS, WITHOUT BLOWING UP THE USA TREASURY AND THE USA DEBT.
Herd Immunity should not be a goal. This is a very dangerous virus that has COSTS beyond an economic recovering. Trump has no economy except spending the USA Treasury.
