Corona approaches the largest economy in the world ... The White House requests an emergency package to protect Trump

Two weeks ago, Russell Fot, Acting Director of the Budget Office of President Trump, said in the White House conference room that the spreading Corona virus had not affected the administration's "pink" economic outlook.

In an article published by the Washington Post, the author, Dana Milbank, said that Russell Foot said, "From our point of view, the Corona virus will have no unexpected consequences at this stage."

This is in line with the statements of US President Donald Trump during his interview with "Fox News", where he made it clear that the United States is controlling the situation regarding the virus coming from China.

Although Trump, during his departure for India last Sunday, announced that the Chinese president "will solve the problem", the situation on "Wall Street" contradicts all of his statements.

The Dow Jones industrial average fell more than a thousand points, falling by 3.5%, and Goldman Sachs reduced the level of its forecasts for the growth of the American economy to 1.2% in the first quarter of the year.

GB Morgan also indicated that a number of large American companies have warned about the effects of the virus, and this is nothing compared to what would happen if the virus spread in the United States.

According to the Centers for Disease Control, the number of coronavirus cases was 53, achieving an increase of 18 cases.

Emergency spending package
The author stressed that although Trump did not acknowledge the seriousness of the epidemic, reports indicate that his aides are considering asking Congress for an emergency spending package of up to $ 1 billion.

This was before White House spokeswoman Rachel Siemel said that the US President’s administration would ask Congress for a $ 2.5 billion budget to fight the Corona virus, and added that more than $ 1 billion would be allocated to developing an anti-virus vaccine, Reuters news agency reported today.

For its part, Director of the Ministerial Committee on Biological Defense, Asha George, stated that "obtaining a billion will not solve the problem", especially as the agencies need to bridge the shortage of about two hundred million dollars already taken from other programs to combat the Corona virus, according to the author.

According to George, a $ 3 billion spending package is urgently needed to fund public and private research on vaccines and antidotes, stockpile medical supplies, manufacture of medicines to overcome China's shortage of supply cuts, obtain accurate diagnostic kits for hospitals and doctors, and put more Plans and guidance for the worst case scenario.

George believes that a current disease response fund should be established that can be used if other diseases such as Zika virus, Middle East respiratory syndrome, SARS, swine flu pandemic and Coronavirus 2019 are spread.

And the author noted that if his administration is able to expand the scope of monitoring - regardless of the random examination that is conducted in a small number of airports - and respond quickly and effectively when disease hotspots appear, then the amount of disturbances that could affect the economy will decrease.

But if his administration fails to monitor and control, the United States will follow in the footsteps of China regarding measures to close schools and companies, cancel flights, not to mention hundreds of thousands of people are infected with the virus, and thousands die from it, and the US economy will suffer a severe blow with the return of Trump's election.

Corona Under Control
"If the government does its duty, we will not get to the Wuhan scenario," said George. This comes at a time when US Treasury Secretary Stephen Mnuchin said - during a dialogue with CNBC this weekend - "Based on everything we see now, it will be possible to control this matter", and that if the Trump administration takes the necessary measures to combat the disease Indeed, instead of just making promises.

Even when the financial markets began declining on Monday, Trump told a massive crowd in India that the United States has the most powerful economy in the country's history.

Then, Trump posted a tweet on Twitter saying that "the Coruna virus is largely under control in the United States of America."

And after the Corona virus has become a clear threat to the US economy today, and with the possibility of Trump's re-election, there remains hope that more measures will be taken to combat the disease, according to what the Washington Post reports.

According to the author, the Trump administration is already taking additional steps to protect Trump; according to what CNN reported, Mick Mulvaney was to accompany the acting chief of staff to Trump to India, but was asked at the last minute to stay at home, after He had a cold; accordingly, White House doctors advised him not to travel and stay away from the president.