Right now, President Trump is keen on selling himself as a “war-time president.” That purely political gimmick has transitioned from being a metaphor – “we are fighting an invisible enemy” – into a pervasive trait of his strategy.
He used war-time powers to take over manufacturing facilities from private industry. This would have been a good idea if hospitals were ever going to be overwhelmed to the degree the terrible models the administration is using suggested, but instead it mostly put people out of work.
He has the Army setting up make-shift hospitals, which is a good thing, and they are obviously trained to do exactly this sort of construction in war zones. But the reality is, most hospitals are not overwhelmed with coronavirus patients. In fact, hospitals are laying off staff because they were directed to cancel the elective procedures that make up the bulk of their revenues.
Then he started parading his generals at press conferences to pump up the idea of this being akin to a world war, as if the generals could aim a missile at the virus or something. He put someone from the Pentagon at the head of the coronavirus relief distribution oversight board, until he decided the chap was a Democratic plant days later and fired him.
Now his economic advisor Larry Kudlow is trying to take that military metaphor to its (il)logical conclusion by proposing that the US government issue war bonds. I’m kind of shocked Kudlow is this ignorant, to be honest.
For those who do not have a background in finance and economics, here is an excellent, succinct explanation of why this is totally insane from someone at Bloomberg:
I’m a die-hard, lifelong conservative, and I am aggressively starting to lose confidence in what’s coming out of the White House these days. This behavior is getting increasingly unacceptable and it’s hurting our country in demonstrable ways. This is not an endorsement of how Democrats are behaving, either. But they have always been destructive and hysterical.
The solution to our economic crisis is self-evident: put people back to work. We are in this position because people in areas that are not affected by the coronavirus in any meaningful way are being held hostage by events in the country’s grossest (from a public health perspective) zip codes. Pumping up the panic, inflating mortality statistics, using a manufactured crisis to nationalize everything, then churning out ideas like war bonds…. This is not a conservative administration.