COVID-19 disaster

To the editor:

As many commentators have noted, Trump’s handling of the Coronavirus (COVID-19) situation has been a disaster for the American public. First, he got rid of the pandemic response team in the White House, next he called COVID-19 a minor inconvenience that would shortly go away, refused to provide testing for this disease so we knew  how fast it was spreading - -like many other countries have done. He imposed travel restrictions on Europe after the disease was already here, etc.

Health experts, state governors and local communities had to step in and provide the leadership. Consequently, mixed messaging has caused a severe hit on the future growth of the economy and resulted in a volatile stock market. Uncertainty for investors and consumers has created serious problems moving forward. Ridiculous trade wars, corporate tax cuts and increased debt wasn’t enough to make bad things happen, but the handling of COVID-19 was the straw that broke the camel’s back.

We all knew this growing economy was going to end sometime—it always does. That’s why I converted most of my stocks to cash about 18 months ago, because this chaotic president was going to do something to speed it along. The recession has started, and who knows when it will end. Don’t believe in financial advisors about the future of the market, because they only make money when you sell and buy securities.