Posted on 03/11/2020 4:11:15 AM PDT by Oldeconomybuyer
The coronavirus epidemic is an economic calamity of historical proportions. The stock-market collapse Monday rivaled the worst days of the 2008 financial crisis. Oil prices dropped faster than at any time since the Persian Gulf War in 1991. The yield on U.S. bonds approached zero percent, the lowest ever.
It needn't have happened, not at this scale. History shows that a concerted show of force from the world's leading governments could have stopped the panic. But no such demonstration came, suggesting the world's inward turn over the past half-decade is making the coronavirus crisis worse. As COVID-19 spread, politicians mostly hunkered down to protect their own turf, and evidence of racism seeped into the narrative. Traders lost hope and punched their sell buttons.
"There is a palpable crisis of confidence around the world, in part because of a loss of confidence in national and global leadership,” Kevin Rudd, the former Australian prime minister, warned Friday. "This is reflected in public panic and financial markets' heightened volatility.”
Politically, Rudd is from another era, even though he has been out of politics for less than a decade. Rudd adhered to the same liberal, globalist credo as Barack Obama. And as happened with Obama, his departure was followed by a political wave that swamped much of his legacy.
"Global confidence will recover only when both the public and markets see that governments collectively have stepped into the breach” is how Rudd put it.
The Great Recession exposed the weaknesses of globalization. A mysterious virus that originated in China and is spreading around the world is proving that nationalism is no better, and probably worse.
(Excerpt) Read more at nbcnews.com ...
I’m not starting off my day on a bad foot by reading this s***. I just wanted to say that Trump is doing a great job in addressing the issue
Yet globalization is WHY we are in this mess to begin with.
Fake news bullsh*t article.
Trump’s handling of the China virus has been perfect.
It’s easy being a lefty. All problems are because of Donald Trump.
More fake news from the pravda media machine of the left. Who deny that they are politicizing this disease and blame it on Trump
Life was so much better when President Obama was bringing people with a bola to America to run loose and puke in our streets and defy quarantine
Typical Leftist Opposite World.
Who cares what this leftist fu€k has to say?
ignore anything said by KRudd.
I . C O U L D . S E E . T H I S . A . M I L E . O F F
I knew this was coming.
How do they figure that, I wonder?
If we were nationalized, we could have all the manufacturing we need right here at home and could close the borders and prevent the spread of nasty diseases and insects and other invasive species.
It’s Opposite Day, Squidward.
Love the body language in that photo.
The Globalists in both parties have kept President Trump so tied up with investigations and impeachment, that he hasn’t gotten much of a chance to do nationalism. They have pulled out all the stops to corral him into governing as a standard Republican, just with a tougher attitude.
I reckon using China’s Wuhan strategy of welded apartment doors, rapidly erected containment centers to which screaming citizens were dragged, and rapid mobile crematorium deployments might have worked had the UN only been under their charge
What could possibly go wrong?
Amen. Big bunch of lies. common people don’t realize there is no vaccine they maybe working on it red tape will trap it in FDA for years. They are just throwing any and all antivirals at it now. Oil is between arabs/russians.
Pelosi is holding up the funding too. Pelosi Actually Slowed Coronavirus Funding so Dems Could Campaign On It https://ktrh.iheart.com/featured/michael-berry/content/2020-03-06-pelosi-actually-slowed-coronavirus-funding-so-dems-could-campaign-on-it/?fbclid=IwAR2Q4TXz_iNT6HVc3fiydDsC2z_URW5xpw9CIq2K1FFHyriKYMmtt9HJwwo
They pulled this after the hurricane to keep FEMA out and make GWB look bad.
Interesting photo. WAY before Coronavirus. I wonder if any on the Left will notice, or care....
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.