Treasury Secretary Mnuchin is speaking saying: The impact of the coronavirus issue was initially underestimated internationally Working on economic options to back affected people and companies Working with Congress, international organizations on virus Met with Pompeo this morning on coronavirus Hosting G7 calls on coronavirus In touch with the IMF, World Bank, regulators on coronavirus First concern on coronavirus is protecting US economy Small, medium size businesses need help for costs as employees self quarantine Looking at big increase in lending to small companies
Hundreds of billions of dollars can be put into economy with deferred tax payments May provide over $200 billion of liquidity by tax payment delays Loan guarantees is a very effective way to a companies without putting taxpayers at risk Assumes airlines would be at the top of the list Pres. feels strongly that companies need to be protected, not bailed out
He has almost 3 months to witness what had happened in China. He probably believe that ACE2 gene crap.
Keep making ridiculous forecasts. Make them as outrageous as possible. Someday you will be proven right and by then people will have forgotten all your wrong ones.