Coronavirus: The Government Is Failing Us

Coronavirus: The Government Is Failing Us, by Adam Taggart in the US.

New infections in the US remain stubbornly high, and increasingly, the American people are feeling betrayed by their leaders (something our survey from last week validated).

Not only do citizens feel the government did too little too late to prevent the covid-19 pandemic, but they are feeling like they are being cast aside as collateral damage.

Many aren’t getting the stimulus payments they were promised. Many others aren’t receiving unemployment checks due to unacceptable shortcomings in the payment processing system. And the military has just informed recruits that if you’ve had covid-19, that will permanently disqualify you for future military service.

All while the stock market parties on. As easily predicted, all that Congress’ and the Federal Reserve’s stimulus efforts have achieved is an acceleration of the deeply unfair wealth divide in this country.

Until we have real leaders (not bureaucratic managers) running things, we are on our own folks.

A reader:

President Trump is a whisker away from getting what he forecast weeks ago, i.e. new, all time record highs for the U.S. stock market (the NASDAQ at least).