Stocks rallied on Monday, rebounding from losses last week, as news from a Moderna trial stoked optimism about a potential coronavirus vaccine. read more
"Life continued as normal," said Jeffrey Tucker, the editorial director for the American Institute for Economic Research. "But as with now, no one knew for certain how deadly [the pandemic] would turn out to be. Regardless, people went on with their lives."
Which, he said, isn't all that surprising. "That generation approached viruses with calm, rationality and intelligence," he said. "We left disease mitigation to medical professionals, individuals and families, rather than politics, politicians and government."
Dr. Anthony Fauci is an adviser to President Donald Trump and something of an American folk hero for his steady, calm leadership during the pandemic crisis. At least one poll shows that Americans trust Fauci more than Trump on the coronavirus pandemic"and few scientists are portrayed on TV by Brad Pitt.
But just last year, the National Institute for Allergy and Infectious Diseases, the organization led by Dr. Fauci, funded scientists at the Wuhan Institute of Virology and other institutions for work on gain-of-function research on bat coronaviruses.
This anger at China's rulers is bad news for Joe Biden. Voters see China as a rising threat and its economic gains as coming out of American pockets. The Trump campaign was already pushing these issues. It won't have any trouble tying them to Joe Biden and making his family the face of American elites who profit from their insider positions.
Beyond corruption, China poses important policy dilemmas for the presumptive Democratic presidential nominee. He has long been associated with cooperative, friendly policies toward China, seeing it mainly as a trade partner. Like many in Washington, he saw its economic growth as a net benefit"we can all get rich together"that outweighed national security concerns or job losses. Until recently, Biden was still saying China was hardly worth considering as an economic rival. As he put it during a 2019 campaign stop in Iowa:
Amid reports China has sent a medical team to their communist neighbors this week to check in/advise on Kim, a Hong Kong-backed news channel's vice director -- who's apparently the niece of a Chinese foreign minister -- blasted out the news herself ... he's dead.