“No society can safeguard public health for long at the cost of its overall economic health.”
The Wall Street Journal Editorial Board
Today’s read comes from Ed Feulner, the former president and founder of the Heritage Foundation and Stephen Moore, a senior fellow at Heritage. He is the co-author of Trumponomics: Inside the America First Plan to Revive the American Economy.
Here is a brief excerpt:
The victims (of the pandemic) are not wealthy hedge fund managers losing a fraction of their portfolio; we’re talking about real Americans losing their life savings and their 401(k) plans they’ll depend on in retirement. We’re talking about the small business owners having to tell their employees not to come back to the office and the single mother who’s held down a job and worked hard her whole life having to hitch a ride to the unemployment office.
We have a $20 trillion highly tuned economic engine — the envy of the world. That engine can’t be shut down for months and then with the switch of an ignition switch powered back up.