Economist Stephen Moore, in a recent interview with John Catsimatidis on his radio show, has made some interesting predictions regarding the vaccine against the coronavirus. As per him, this vaccine effort that has started rolling out in the US now is going to be a “boon for the 2021 economy.”
He is very hopeful that once the majority of the people get vaccinated, within a couple of months all the services and industries may start operating normally as they used to before the pandemic hit the world.
“The Calvary is Coming”
Moore believes that the vaccine will not only curb down the spread of the disease but will also help the world gain some semblance of normalcy that will eventually and inadvertently have a positive effect on the global economy.
Speaking of the US economy in 2021, the Federal Reserves Bank is quite optimistic and has predicted 4-6% of economic growth projection. Stephen Moore also believes that the vaccine will turnaround the economic conditions in the US and people can expect a “blockbuster 2021.”
The health experts from various health organizations that were involved in the research and development of this vaccine also believe that a certain amount of normalcy will start coming in the US even if enough number of citizens get vaccinated.
The vaccine circulation efforts began in the second week of December when Food and Drug Administration (FDA) issued the release of the vaccine by Pfizer and BioNTech as an emergency measure and ordered the front-liners and most-at-risk people including doctors and health-care staff to get vaccinated as soon as possible.
Even various politicians, lawmakers, members of the Congress including House Speaker Nancy Pelosi (D-Calif) and Mitch McConnell (R-Ky), the Senate’s Majority Leader, and some more prominent people have received their first dose of the anti-COVID-19 vaccine.
The $900 billion worth of stimulus will only provide short-term relief; the real stimulus is the vaccine.
After almost nine months of intense negotiations, Congress has now finally reached a deal with this hefty stimulus that will provide a wide array of aid to individuals as well as all the struggling elements of the country. But Stephen Moore thinks that the vaccine itself is going to bring the turning point for the Americans.
Around $325 billion of this stimulus will be used to provide support to the Small Business Administration amongst other breakdowns for different industries.
$69 billion of the stimulus will be used for the COVID-19 vaccine efforts.
Out of this sum, around $22 billion will be used for further testing and development of the vaccine, and tracing efforts. $20 billion will be used for the purchase of the vaccines, and around $9 billion for the distribution efforts.
All praise to Trump’s Operation Warp Speed for the vaccine efforts.
Moore has praised Donald Trump’s administration for their Operation Warp Speed. He thinks that no one could come up with a vaccine so quickly, but Trump has done it, and it is one of the greatest initiatives from the governments in the history of America.
The logistics head of Operation Warp Speed, Gen. Gustava Perna has said that the government is allocating 20 million doses of both Pfizer and BioNTech’s and Moderna’s vaccines by the end of 2020.
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