What should investors be expecting from the new administration's COVID-19 and Stimulus-response?
On January 6th, President-elect Joe Biden secured the Presidency after Congress almost unanimously voted to certify the electoral college votes. This comes after several regrettable months of post-election chaos led by the Trump legal team, which sought every legal path to change the election outcome. Some may say even those paths that weren’t legal after chaos consumed the Capitol building on Wednesday, but I digress.
President-elect Biden was elected on a mandate to “heal the soul of the nation,” a much-needed breath of relief after the four tumultuous years of the Trump administration, and confront the most calamitous health and economic event in modern American history. In this write-up, I hope to answer four fundamental questions that most people have going into the new administration:
- What tools are and aren’t available to stop the spread?
- What does a “Biden Doctrine” look like?
- What can Biden do to solve the issues facing the vaccine distribution and rollout?
- What does a Biden Stimulus look like, and what paths are available to achieve it?
What tools are and aren’t available to stop the spread?
There aren’t many tools beyond those already being deployed for the President and the executive branch, such as the Defense Production Act, the Strategic National Stockpile's utilization, and forming a Governor’s committee to fast track communications between the executive branch and those on the ground. However, there have been many discussions of an incoming nationally enforced mask... (More)