In an address from the White House Rose Garden, President Trump declared the ongoing Coronavirus crisis a national emergency, bringing new changes as to how the United States will address the spread of the disease. Upholding the travel ban, Trump declared there would be additional precautions taken to Americans coming back into the country, and there would be further action taken to address the shortage of tests in the U.S.
President Trump: “I am officially declaring a #nationalemergency.” https://t.co/E40FRBLVUV pic.twitter.com/6t9niT3utr
— The Hill (@thehill) March 13, 2020
Trump announced that we would see the full potential of the federal government unleashed through a spending effort to address the virus.
“To unleash the full power of the federal government in this effort today, I am officially declaring a national emergency,” shared President Trump. “The action I am taking will open up access to up to $50 billion of very important and a large amount of money for states and territories and localities in our shared fight against this disease.”
It’s important to note that the $50 Billion that President Trump pledged to fight the virus is very small in comparison to the $1.5 Trillion the Federal Reserve pumped into the stock market during the tumble on March 12th that led to a minor surge before the Market continued to drop.
In a move that saw was sure to please the stock market further, Trump also announced the Federal Government would work with the private industry to expand testing capabilities. However, Trump did not seem committed to ensuring all Americans can receive a test.
In speaking of testing for Covid-19, President Trump continued to play down the severity, stating, “We don’t want everyone taking this test. It’s totally unnecessary. This will pass.”
President Trump also announced that the Federal Government would be working with Google to establish a coronavirus testing website aimed at helping doctors and patients assess the risk they may pose and where they can receive a test. He also brought the CEOs of companies such as Target and Walmart to share what their companies are doing to address the crisis.
Were not really sure what will come of Trump’s announcement other than an attempt to stabilize the ever-so-unpredictable stock market through his praises of the private sector. In the meantime, it’s essential to monitor the crisis through the CDC and the WHO.
Also, we cannot stress this enough, wash your hands!