https://issuesinsights.com/2022/01/25/the-bitter-fruit-of-pandemic-paranoia/
One media report says “the U.S. economy dropped down to a slower gear in January” due to the Omicron variant. But that’s being overly charitable. This is President Joe Biden’s economy. And his party’s. Leaving them in charge of federal policy beyond 2022 will lead to years if not decades of regret.
Surveys of senior business executives provide “the first clear indication of the damage done to the U.S. economy in the first month of the new year,” MarketWatch said Monday. “A ‘flash’ index of service-oriented companies tumbled to an 18-month low of 50.9 from 57.6 in the final month of 2021 … a similar gauge of manufacturers dropped to 55 from 57.7 in December – a 15-month low.”
The article goes on to say “Omicron clearly dented the economy in January,” as “millions” missed work “and the virus disrupted already strained supply chains.” The hardest punches connected on the jaws of “restaurants and other businesses that ‘serve’ customers directly.”
It didn’t have to be this way.
Biden swore he was going to shut down the virus but not the economy. The former was a promise no one could possibly keep. The latter, however, was easily reachable.