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Out its terrifying to hear how it is you know this pandemic will be resolved its all a matter of question and resources and patience because i understand that because ive been locked down for a month now and its getting very very tiresome. How is this pandemic going to impact a recovery if there is a recovery and i never thought in my lifetime i would ask about is there going to be a recovery because were seeing such amazing numbers that are just terrifying for the average person frankly go ahead william that we are were dealing primarily with a temporary supply shock right its a pandemic and so the most likely outcome is. Recession that is a recession that has a recovery thats just as quick as the downturn. You know the virus is eventually going to run its course and when it runs its course. Most of us are going to return to the to the Consumption Patterns that we had before will consume the same goods and services and most ....
A recovery that just as quick at the downturn. You know the virus is eventually going to run its course and when it runs its course most of us are going to return to the to the Consumption Patterns that we had before will consume the same goods and services and most of us are going to return to the jobs that produce those goods and services but there there are 2 factors that could significantly change that it could change the the shape recession into a huge shaped recession where the depth of that recession the low output lasts much longer and the recovery kicks off much later in the 1st in the duration of the pandemic the longer this virus blasts the more businesses are going to fail and when a business fails the the labor and the equipment of that business have to get reallocated to some other business and that takes time delaying the recovery the 2nd and. Maybe the thing that we have a lot more control over is our policy ....
Vice president pence we just completed another meeting of the White House Coronavirus task force. It has been a very busy and productive day here at the white house. President trump has no hire priority than the safety and health of the American People. And president has directed our task force employing a full resource of the federal government in full partnership with state and local Health Authorities to make that priority a reality. As i stand before you today, we have more than 100 coronavirus case is in the United States, that is counting domestic cases and cases of coronavirus of americans that were returned from china or the diamond princess. Im pleased to report that most of those who contracted coronavirus within our care are continuing to rec ....
Doctor Robert Redfield as director for the center of Disease Control and prevention he with others give a response before the House Foreign Affairs committee. Members have covered coronavirus spreads and whether china is cooperating with un officials. This is just over two hours. [inaudible conversations] the subcommittee will come to order. First off, i appreciate the audience patience and given. We dont control the voting schedule so thank you and the witnesses. Without objection all members have five days to submit statements, extraneous materials for the record subject to lengthy and limitations in the world. I will now make an Opening Statement and then turn over to the Ranking Member for his < ....
But at the president s direction we are going to focus exclusively on ensuring those in Nursing Homes, people operating the Nursing Homes are complying with the new standards to keep our elderly safe. The president met with airline executives. I will reiterate our profound gratitude to our partners in the Airline Industry. They have worked with us, as we say, flowing americans through particular airports and screening, we are working closely with airliness Contact Information. If a person is positive for the coronavirus we will work to get information not just about the person but who they sent us to and who else was on the flight and the president and i are grateful. I am pleased to report as of yesterday morning in addition to the travel ban from china we sus ....