Omicron Cases are on the Rise in the U.S.
According to the Wall Street Journal, the Omicron variant has pushed the number of daily cases in the U.S. to an all-time high. (1)
The average of Covid-19 cases reached 184,802 as of Saturday, according to an analysis of Johns Hopkins University data, which is the highest number all year.
The surge of new cases has further damaged the overall outlook on the Biden Administration due to statements made by President Joe Biden claiming that he could "shut down the virus" earlier in 2020. Mr. Biden harshly criticized the Trump administration's so-called "hands-off" approach to the Coronavirus, but since taking the reigns in January has failed to do any better.
The federal government can do little to stop the spread of any virus; therefore, it is pointless to blame cases of the mild Omicron variant (or any variant) on it. This was the case for the Trump administration, and it is now true for Joe Biden.
But what can be blamed on the Fed is the massive exodus of workers from healthcare leading to labor shortages in that market, as well as other recent and extreme economic troubles.
Omicron is Estimated to Account for 73% of Infections, Yet it Poses Little Threat
It is now estimated by the CDC that the Omicron Variant accounts for 73% of US Covid-19 cases. (2) Omicron has shown itself to be slightly more contagious, but much more mild than other viruses, often inflicting only a cough and runny nose on its patients--if even that. This was made clear by South African doctors as well as the CDC. (3)
Yes, Omicron can re-infect patients much like the seasonal flu, but much like the seasonal flu, it poses little threat to the greater population.
It is now clear the real danger comes when the government steps in and tries to do the impossible: stopping the spread of coronavirus. The new normal is Covid, and it doesn't look like it's going away. So, we better just get used to it.
Economic Trouble is On the Horizon
With more lockdowns looming on the horizon, the stock markets have dipped and the economic outlook is dim.
Due to employee absence, US flight cancelations mounted over the holidays.
As the Biden Administration's vaccine mandate faces an uncertain future, large employers face confusion which often leads to massive job terminations. This has been especially prevalent in healthcare.
These and many more problems have arisen out of government overreaction to the coronavirus, but whether that overreaction is driven by legitimate concern or just a lust for power, it needs to stop.
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