https://www.frontpagemag.com/fpm/2020/03/coronavirus-and-november-election-bruce-thornton/
Early in the new year, President Trump seemed in good shape to be reelected. The economy was booming, with record-setting stock-market highs and unemployment lows. The over three years of various inquisitions into “scandals” like the Russian collusion or Ukrainian quid pro quo had culminated in no evidence of any crimes, and in a failed impeachment conviction. The opposition Democrats looked increasingly likely to be settling one of two old, rich, white mediocrities as their standard-bearer for November, with nothing to recommend them other than utopian, expensive anti-free market policies and their irrational hatred of Donald Trump.
The more prudent prognosticators knew that despite such tail-winds, Trump still faced the greatest fear of every politician: events. Some are known possibilities, such as an economic downturn, a shooting war, or some Harvey Weinstein level of scandal. But no one foresaw that a pandemic starting in a Chinese wet market would incite mass hysteria and containment policies that have wounded our economy, tanked the market, raised unemployment, and threaten to bring on a deep recession, if not a depression.
What does all this mean for Trump’s chances to be reelected?
On the one hand, economic bad news usually overrides the advantage of being the incumbent, especially when it is accompanied by a foreign policy disaster, as Jimmy Carter learned when his reelection was hampered by, among many other things, the stagflation of the Seventies and the Iranian hostage crisis. But the current economic woes have not been caused by Trump’s or his party’s policies, which in fact created the boom in the first place. Nor does he face abroad anything as serious as the hostage crisis.
The current economic debacle is the consequence of an unforeseen contingency no state can adequately plan for. And unlike Carter’s blunders, Trump’s occasional misspeaking or exaggerations, all hyped and distorted by the media, have been redeemed by his swift move to ban all air travel from China, and a few weeks later from Europe as well. These actions no doubt have saved thousands of American lives.