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Politicians just need to let people use and spend the money, urges James Freeman in the WSJ. And get Washington out of the way.
Americans suffering economically are suffering from shutdowns, which never worked as intended, inflicted enormous collateral damage and are now becoming untenable with the arrival of vaccines. Washington’s work is over.
During the campaign, president-elect Joe Biden often shared his skepticism about President Trump’s Operation Warp Speed. Misguided, Biden claimed.
Candidate Biden claimed that the president had no plan for addressing the virus and warned that Americans couldn’t trust Mr. Trump to oversee a quick and safe vaccine approval.
Mr. Biden getting vaccinated yesterday effectively rebuts his false campaign promise.
The outstanding work of the pharmaceutical industry, encouraged and enabled by President Trump, has already resulted in two approved vaccines, and yes, there is a distribution plan.
Peter Loftus and Charles Passy (WSJ) report on the newly authorized Covid-19 vaccine from Moderna Inc.:
Drug distributor McKesson Corp. began picking up doses of the vaccine from manufacturing plants on Saturday for distribution around the country. United Parcel Service Inc.and FedEx Corp. trucks started rolling out Sunday to deliver the doses to hospitals and other sites.
The federal government plans to distribute over the coming week a total of 7.9 million doses of vaccines from Moderna and Pfizer Inc., which developed the first Covid-19 shot authorized for use in the U.S.
“Vaccinations will continue without Mr. Biden having to do anything,” continues Mr. Freeman, adding that there are more vaccines in the pipeline that could come to market soon. As long as Biden doesn’t get in the way.
In Politico last week, Rachel Roubein wrote:
Despite Biden getting the vaccination, he is still talking as if there’s a huge problem he will be called upon to solve.
According to a Bloomberg report on Washington’s latest massive goring of taxpayers, Mr. Biden seems to think there’s much more COVID spending to come:
On Sunday, Mr. Biden applauded Congress’s bipartisan agreement, although he described the package as providing “temporary relief.”
The omnibus package provides critical aid to small businesses, many of which are on the edge of collapse due to government-imposed lockdowns and mandated restrictions.
As the Federalist notes, this program is an important step, but the best long-term business aid is for consumers to be allowed to dine out, host conferences and parties, and get back to school.
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