Federal Reserve Bank of Minneapolis President Neel Kashkari believes that the U.S. economy could experience 18 months of rolling shutdowns as the Wuhan Virus outbreak dies down and potentially flares up again.
Kashkari maintains this position in the case that no effective therapy or vaccine is developed for the virus.
“We’re looking around the world. As they relax the economic controls, the virus flares back up again,” Kashkari declared on April 12, 2020 on CBS’s “Face the Nation.”
“We could have these waves of flareups, controls, flareups and controls until we actually get a therapy or a vaccine. I think we should all be focusing on an 18-month strategy for our health care system and our economy.”
Thanks to the government ordering businesses to shut down in order to contain the spread of the virus, unemployment has exploded in the last few weeks.
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, commented on April 12 on CNN’s “State of the Union” that a partial reopening of the economy could potentially be rolled out in May. He did warn that the outbreak could resurface in the fall.
Kashkari admonished that “this could be a long hard road that we have ahead of us until we get either to an effective therapy or a vaccine.”
“It’s hard for me to see a V-shaped recovery under that scenario,” he stated.
The Federal Reserve responded in a decisive manner to combat the effects of the Wuhan Virus pandemic on the American economy. It launched an unprecedented number of emergency programs to back as much as $2.3 trillion in loans and cut interest rates almost down to zero.
The economic toll of these events has been quite devastating.
Nearly 17 million people have filed for unemployment benefits during the last three weeks. This signifies that there could be an unemployment rate of around 13 or 14 percent. Output in the second quarter is expected to plummet dramatically.
If the Fed continues taking drastic measures, America could be in for one of its strongest economic downturns in decades.
Flashback: Ann Coulter Warns Steve Bannon about Donald Trump’s Hires During 2016
Coulter tells it like it is.
Earlier this week, former White House adviser Steve Bannon reached out to President Donald Trump, in an apparent move to reconcile with the president. Bannon was one of the more renowned advisors in the Trump administration who received a lot of attention for his unconventional views. The former White House adviser is likely looking for Trump to pardon him for several federal criminal charges that he is currently facing.
Bannon was one of the strongest contrarian voices on the right who questioned traditional conservative dogma on free trade and immigration. His rise to prominence represented a raw, populist anger that was building within the Republican Party base. Bannon ended up leaving the Trump administration after the infamous Charlottesville rally. This left a massive void for populist voices within the Trump brain trust, which was never adequately filled with populist figures.
Most of the strong populist voices during the Trump era came from the outside. Conservative commentator Ann Coulter has been one of the leading figures trying to steer populist discourse in America.Although a harsh critic, Coulter did her best to hold President Trump accountable and watch his every move, especially personnel decisions that did not align with his America first vision. To the average pro-Trump individual, Coulter’s criticism may come off as abrasive, but it was and still is necessary to have a viable nationalist movement.
As a reminder to her followers about how she knew that there were subversive elements in the Trump administration who wanted to gut the president’s America First agenda and pursue more traditional Republican policies, she tweeted about email correspondence she had with Bannon dating back to December 2, 2016. In light of the rapprochement between Bannon and Trump, Coulter called attention to how she warned the former White House adviser about some of the latter’s questionable staffing decisions during the early stages of his presidency.
Coulter tweeted, “No, actually, I knew Trump was betraying us pretty early on – and that it would cost him re-election. My December 2, 2016 email to Steve Bannon:”
No, actually, I knew Trump was betraying us pretty early on – and that it would cost him re-election.
My December 2, 2016 email to Steve Bannon: pic.twitter.com/38hGPNUqqN
— Ann Coulter (@AnnCoulter) January 14, 2021
In an email sent on December 2, 2016 with a subject line titled “ghost of christmas future”, Coulter warned then-White House adviser Bannon about some of Trump’s hiring decisions.
She first noted that “the fact that Trump is even CONSIDERING rep. Mccaul (rubio in the house) for homeland — and is NOT considering kobach— tells me we’re not getting any major deportations, no removal of refugees, no e-verify, no end to end anchor babies… and trump will be dead.
also, “mad dog” isn’t going to build a wall.”
She was referring to Texas Congressman Michael McCaul, a known mass migration booster and a potential nominee for the head of the Department of Homeland Security. United States Marine Corps General James Matthis would be Trump’s first Secretary of Defense, who ended up turning out to be a Deep State hack. On the other hand, Kris Kobach is a nationally recognized immigration hawk, who gained fame for implementing some of the stiffest voter ID standards in the nation during his time as Secretary of State.
The Trump administration was successful in implementing several administrative changes that limited immigration and also did not get involved in any nation-building engagements like previous administrations.
Nevertheless, Coulter’s incisive suggestions still have use for future Republican administrations. The new GOP should follow Coulter’s pro-migration restriction suggestions if it wants to not only remain politically relevant, but also protect the integrity of America’s political system.
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