Cases Rise at Incredible Pace
Cases in the US have been rising since mid-September and now we're witnessing a pace faster than we've ever seen before. Pandemic on steroids is essentially what we're looking at. It took 98 days for the United States to reach its first million COVID cases; 1st case discovered on Jan. 20th and 1 million confirmed cases on April 28th. Compared to now, where we have had 1 million new COVID cases in the past 12 days.
"You wanna see some real speed, bitch?" COVID forced shutdowns across Europe for the second time and now cases across the continent appear to be declining. Americans fear a second wave of shutdowns and lack of government intervention has left millions of Americans in a tight financial situation. The monetary stimulus provided to the stock & bond markets far outweighs the fiscal stimulus that has been given to the people via stimulus checks and expanded unemployment benefits.
A lack of healthcare is expected to cripple the working class as the second wave tears through the country. The working and lower classes are at the highest risk because their jobs require them to work in-person, also they are the most at-risk group for not having health insurance. Poorer communities were ravaged by the never-ending 1st wave, and the consequences of the 2nd wave are expected to be drastically more deadly.
As the US faces this crisis, we again lack leadership as President Trump has not spoken publicly in over a week at which point cases rising about 50,000-60,000 per day. Now we are seeing 150,000 positive cases per day, and the President is focusing his time on his Twitter account bashing the results of the election.
Governors and health officials appear to be on their own trying to implement state-wide restrictions. New York City is seeing rapidly rising positivity rates in their testing, and the outlooks is gruesome for the second wave. Estimates predict as high as 500,000 deaths by January 1st, 2021, and 750,000 by the end of February if no significant policy changes are made.