While the media and the Democrats busy themselves with the simultaneous hobby of panicking Americans about the coronavirus and insisting that President Trump should somehow magically have stopped this disease in its tracks months ago, the real President Trump is taking major steps to head off the economic impact originating from the virus. On Monday, the president announced that his administration was looking to slash payroll taxes to give economic relief to hourly employees hurt by COVID-19.
“We are going to take care of and have been taking care of the American public and the American economy,” Trump said. “We are going to be asking tomorrow, we’re seeing the Senate, we’re going to be meeting with House Republicans, Mitch McConnell, everybody, and discussing a possible payroll tax cut or relief, substantial relief, very substantial relief, that’s a big number.
“We’re also going to be talking about hourly wage earners getting help so that they can be in a position where they’re not ever going to miss a paycheck,” Trump continued. “We’re going to be working with companies and small companies, large companies, lot of companies, so they don’t get penalized for something that is not their fault, it’s not their fault.”
Trump defended his administration’s response to what it quickly becoming a global crisis.
“It’s not our country’s fault,” Trump said. “This was something that we were thrown into and we’re going to handle it and we have been handling it very well. The big decision was early when we shut down our borders, we were the first ones ever to do that, we’ve never done that in our country before. We would have a situation that would be a lot more dire.”
Trump also emphasized that his government would be taking special care to protect industries affected by the spreading virus, particularly those companies who depend on domestic and international travel.
“We’re going to be seeing Small Business Administration and creating loans for small businesses,” Trump said. “We’re also working with the industries, including the airline industry, the cruise ship industry, which will obviously will be hit. We’re also talking with the hotel industry and some places will do well and some places won’t do well at all, but we’re working also with the hotel industry.”
This feels like a timely and appropriate reaction to the markets, to say nothing to the public concern over the economic impact of this illness. If Trump can work with Congress to stave off the worst of those effects – many of which are created by panic, not reasonable reaction – it will be yet another feather in the cap of the president.