How To Balance The Economy During The Pandemic
The U.S. Bureau of Labor Statistics reported today that total non-farm employment rose by 4.8 million in June and the unemployment rate declined to 11.1 percent with ten million eighty thousand people still out of a job. But it is a good sign for the economy.
In Texas we now have the highest number of confirmed COVID-19 cases at 8,076 and fifty- seven people have passed away. In the Harris County area we have almost run out of hospital beds. This is a very serious development in the southern states.
Texas was a very early state to open for business because we let the beaches, bars and restaurants open. People did not care about wearing a mask or keeping social distance and the virus came back to spread out again. As Dr. Fauci warned us, if we don’t control this pandemic, we might have 100,000 confirmed cases per day in the coming months in America. Such an horrific situation may happen to us.
Whether or not President Trump could be re-elected partly depends on the economy. The latest poll shows he is behind challenger Biden by 15 points.
The CDC today also warned that the coronavirus is still out of control around the world, especially in America.
Today we are facing so many problems. The racial issues are creating unrest in the cities. Cases like in Seattle, Washington, have seriously interrupted the local people’s lives.
We are also very glad to see that our economy is improving. But how can we balance the pandemic and the economy? This is a big problem for all of us.