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As Job Losses Cruise Past 39 Million, Likelihood Of New Relief Package Increases

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The coronavirus pandemic seems to be shifting gears away from causing mass hospitalizations and deaths to pure economic destruction on an unprecedented level. That’s not to say the disease isn’t hurting people or killing folks. It is. However, there are other aspects of this horrific disease and the drastic steps we’ve taken to try and slow its spread.

A new report from the Labor Department seems to indicate that the soaring unemployment numbers are ultimately leading to the necessity of another relief package.

Here’s more from The Washington Examiner:

Trending: Trump Sends Classy Message After Learning Biden Broke Foot Playing With German Shepard

The Labor Department reported Thursday that 2.4 million people in the United States filed for unemployment benefits last week, bringing the total during the pandemic to 39 million.

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Meanwhile, senators left the Hill Thursday for a weeklong recess without extending the small-business Paycheck Protection Program, despite hopes that they might quickly pass the legislation, a relatively minor extension of existing aid, before leaving.

High-ranking members of the GOP, who previously were hoping to avoid having to pass another relief package have started to shift their attitudes, noting that another bill is likely necessary and that it will be much larger than the first.

Senate Majority Leader Mitch McConnell said on Fox News that there’s a “high likelihood” that Congress will need to pass another significant fiscal measure.

Treasury Secretary Steve Mnuchin stated that there is a “strong likelihood we will need another bill” in order to stimulate the faltering economy.

The original legislation, the Paycheck Protection Program was originally passed back in March toward the beginning of the massive lockdowns that popped up all over the country. The bill was part of a $2.2 trillion CARES Act that provided forgivable loans to small businesses that would maintain payrolls, which was a measure designed to help fend off business closures. These closures, if they were allowed to occur, would have caused a major depression.

We really need to be focused on getting back to work and being productive again. The economy simply cannot be sustained during a lockdown. Shuttering production has a ripple effect, like tossing a rock in a pond. Multiple industries will be hit hard when a company stops producing.

Let’s get this going so we don’t have to keep racking up debt.

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CNN Medical Analyst Wants To Cancel Christmas: ‘We Just Can’t Do It This Year’

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Well, it seems the radical left in this country, especially the folks who work for mainstream media outlets, are just chomping at the bit to ruin the holidays for everyone, which isn’t all that surprising given how much they seem to hate the reason for the season in the first place. CNN medical analyst, Dr. Jonathan Reiner, appeared on the network where he said that “we just can’t do” Christmas “this year” because of the coronavirus. “So the next big holiday is obviously the Christmas, New Year’s holiday where people tend to travel, want to travel, want to be with family, but we just can’t do it this year. We’re going to cause needless deaths and particularly that’s among people we really care about, you know, our most vulnerable, our grandparents, our parents, our neighbors,” the doctor said. “We can’t travel this year. We need to stay home. This is a sacrifice that Americans can make and we should be making it for each other. Stay home, mask up, we’ll have a great series of holidays next year. We’ll really have something to celebrate next year,” Reiner stated. via Daily Wire: Reiner also said anyone who traveled for Thanksgiving “should be quarantining.” “They should be quarantining for probably seven to 10 days and then getting tested. That’s what they should do. If they just go back to what they were doing — going back to work, they are going to spread the virus. So much of this virus is spread by asymptomatic folks. So stay home for more than a week, get tested, then go back to work,” he said. “This virus is, you know, no longer isolated to certain enclaves in the United States. It’s all over the country. And when people travel from place to place, they just…

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Moderna Files For Emergency Approval For New Coronavirus Vaccine

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Moderna released a statement on Monday saying they are going to ask the Food and Drug Administration to give emergency approval to its new experimental COVID-19 vaccine. This makes Moderna the second company to file this request, following hot on the heels of Pfizer who filed their application earlier in the month. Moderna stated that new data shows their vaccine as being 94.1 percent effective in preventing COVID-19 infection. Pfizer’s effective rate was 95 percent. via Daily Wire: “We believe that our vaccine will provide a new and powerful tool that may change the course of this pandemic and help prevent severe disease, hospitalizations and death,” Moderna CEO Stéphane Bancel said in a statement. Bancel said last week that 20 million doses will be available by the end of the year. The FDA’s vaccine advisory committee is set to meet Dec. 17 to review data from the two companies. Pfizer said on Nov. 9 that its developmental vaccine for COVID-19 may be 90% effective at inoculating people against the disease. The rate of effectiveness was calculated by analyzing early data from 94 trial participants in a study involving 43,538 subjects from all over the world. The small early sample means that the protection rate could change by the time the study ends and all the participants are accounted for, according to the AP. One of the major differences between the two vaccines is that the one being produced by Moderna does not need to be put in sub-zero storage, while Pfizer’s does. This makes the Moderna vaccine much easier to distribute. A third vaccine is also in the works from AstraZeneca and Oxford University. This particular vaccine is said to be 90 percent effective. Guess now we’re just playing the waiting game to see which of these companies gets approved first. They…

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