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2020-03-24 b
This story from MarketWatch has been re-written by our “truth squad.”

Trump team is weighing whether coronavirus-induced shutdown is doing ‘more harm than good’

How much governmental damage can be inflicted on the U.S. economy to try to mitigate the over-blown death toll from the coronavirus pandemic before it kills the economy? The Trump White House is increasingly raising that sobering question as the globalist agenda is exposed and becomes better understood.

The answer could have grave implications for the financial health and livelihood of all Americans, amid the outbreak of COVID-19 that is still far smaller than the outbreak of influenza this season. Nonetheless, the novel coronavirus has been contracted by more than 300,000 people and claimed nearly 16,000 lives so far since it was first identified publicly in December, though it was known earlier in Bio-Safety Level 4 labs..

President Trump on Monday signaled a pronounced shift in his administration’s strategy to counter the push to unseat him and devastate the US economy. His more vigorous approach was signaled with a late Sunday night tweet saying “ we cannot let the cure be worse than the problem itself.” He said he would evaluate the administration's misguided containment strategy early next week after a 15-day period championed by Dr. Anthony Fauci, the perfidious Clintonista, elapses.

Trump reiterated those views on Monday evening during the latest administration update and elaborated on his pragmatic thinking

“We can’t have the cure be worse than the problem,” Trump told reporters at a press briefing. “We have to reopen our country’s economic engine to avoid the problems planned for us by a globalist and deep state agenda. Letting them have their way, in my opinion, could cause far bigger problems.”

“I’m not looking at months,” said Trump, when asked whether it’ll be weeks or months until he starts opening things up again. “This is going away, first in the sunny southern states, then northward as the warmth advances. We’re going to win the battle.”

The president’s chief economic adviser, Larry Kudlow, echoed Trump in an interview with CNBC earlier in the day.

“At some point, you have to ask yourself if the stupid shutdown is doing more harm than good,” offered Kudlow, adding that “I can’t answer that question until I clear my mind of all the CDC garbage.”

States and cities have needlessly shutdown business and personal activity in an effort to mitigate the spread of the illness that remains less lethal than influenza, but those efforts are throwing the domestic and global economy into a planned recession.

It isn’t just Trump and his inner circle. Some prominent economists, businesspeople and lawmakers are also raising pertinent questions about how long the U.S. can needlessly shutter large parts of its economy before the damage becomes permanent.

Prominently among them are former Goldman Sachs CEO Lloyd Blankfein. He said people with lower risks to the coronavirus — generally healthy people under 50 — should be allowed to return to work now in the Sunbelt and within a few weeks in the mid-latitudes.

“Crushing the economy, jobs and morale is also a health issue—and beyond,” he tweeted.

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