Joe Biden hasn’t even been formally elected President yet.
And he’s already working to undermine President Trump’s economy.
Now, a top Biden advisor said one thing that could destroy America’s economy.
While Joe Biden will have to wait until mid-December to find out whether or not he will become the 46th President of the United States, that isn’t stopping him from laying out his wish list for what he hopes to accomplish should he ultimately be elected.
Among that wish list is a desire to combat the ongoing COVID epidemic.
However, Biden’s plans to combat the pandemic could end up destroying the entire American economy should one top advisor of his get his way.
CBS News reports, “A top adviser to President-elect Joe Biden floated the possibility of shutting down the U.S. economy for several weeks to help contain the coronavirus.
“Dr. Michael Osterholm, an infectious-disease specialist and a member of Mr. Biden’s recently appointed COVID-19 advisory team, spoke with Yahoo! Finance on Wednesday about measures the U.S. could take to curtail the virus’ spread. One option he said is worth considering: Imposing a four-to-six week shutdown of the country while providing workers, small business owners and local governments with hundreds of billions in financial aid to tide them over, he noted.”
Osterholm is now publicly backing a nationwide lockdown of the entire country that could apparently stretch out to a month and a half, and claims that the federal government has the money to pay for it.
Not only is the federal government bordering on bankruptcy after being 27 trillion dollars in debt and having run up a further three trillion dollars in debt this year alone in an attempt to combat the coronavirus pandemic, but a nationwide lockdown will almost certainly deal a crippling blow to the American economy.
This comes at a time when many businesses are only just beginning to recover from the stock market crash of March, and a round of state lockdowns imposed by many Democratic governors across the country.
Yet Biden’s advisor insists it’s the right course of action.
“We have a big pool of money out there that we could borrow, at historic low interest rates by the federal government. We could pay for a package right now to cover all of the lost wages for individual workers, losses to small companies and medium-sized companies, for cities, states, county governments,” Osterholm said.
Another round of lockdowns will almost certainly plunge the entire country into another recession, if not an outright depression, and with federal budgets already at the breaking point, it’s unclear whether or not Washington, D.C. will have enough money to truly pay for it.
Yet if Biden ultimately prevails in his legal battles with President Trump to become the 46th President in January, and takes Osterholm’s advice, such a scenario could become reality for the country.
We will keep you up to date with any new developments in this ongoing story.