By Jon Coupal | The word “unprecedented” is fitting for the coronavirus crisis that is now savaging both the health of countless Americans as well as our nation’s economy. |
Not since September 11th has the United States faced such a challenge.
In reaction to the outbreak, healthcare professionals have emphasized the importance of speed. Dr. Michael Ryan, Executive Director of the World Health Organization, who has seen more than his share of epidemics, advised “Be fast, have no regrets. You must be the first mover. The virus will always get you if you don’t move quickly. If you need to be right before you move you will never win. Perfection is the enemy of the good when it comes to emergency management,” he said.
In a few weeks, or perhaps longer, we will be able to assess whether our health care response to the virus, including quarantines, social distances and “sheltering in place,” was overkill or not enough. But everyone, at this point, seems to fully grasp the concept of “better safe than sorry.”
The same philosophy seems to be applicable to the economic crisis as well. The immediate reaction from our political leaders has been to do something – anything – and do it fast. At the federal level, there has already been bipartisan support for a preliminary bailout of $1 trillion. For those of us who are fiscal conservatives, the headlong rush to add to the existing mountain of federal debt is deeply disturbing.
At the state level, Gov. Gavin Newsom has taken aggressive action on the health care front but also has signed into law (or issued executive orders) designed to lessen the economic damage. While some of these policies are understandable under the circumstances, the interests of taxpayers and property owners do not seem to be getting the same level of concern as other interests.
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