US President concerned about the state of the economy amid his re-election campaign.
President Trump said on Monday that he is considering whether to restart the US economy when the 15-day quarantine ends next week. His statements came amid the rapid spread of the coronavirus in the country, and the preparation of hospitals for a wave of deaths associated with COVID-19.
“America is again and soon going to be open for business,” Trump said at a White House press conference. “We will not allow this to become a long-term financial problem.”
A week ago, Trump issued recommendations that he said are aimed at slowing the spread of the virus for 15 days, including limiting unnecessary travel. Meanwhile, economic activity was suspended in some states.
As he watched job losses and stock markets plummet in the Wake of his re-election campaign, Trump privately expressed concern to his aides and allies about the impact of the restrictions on the long- term health of the economy.
Trump told reporters that in a number of states with relatively low infection rates, it is possible to resume economic activity. The President referred to Nebraska, Idaho and Iowa, while continuing to keep the situation in hotbeds of infection in other states, such as New York, under review.
“If it was up to the doctors, they would say, let’s quarantine the whole world,” Trump said.
Trump’s economic adviser, Larry Kudlow, hinted at a possible change in the administration’s actions in an interview with Fox News: “The President is right. The treatment can ‘t be worse than the disease. We will have to make compromises.” The white house will consider “various options,” he added.
Trump, who had hoped to build his re- election campaign on the booming US economy, will now face hundreds if not thousands of deaths from COVID-19. Many of his Republican allies fear that economic losses will make it harder for him to win in November 2020.