Hi everyone, this is Dr. Nitin Chhoda with
Ignition Time. In this video i'm
going to analyze
a significant comment from US treasury
secretary Steven Mnuchin
specifically his comment was, this is not
life threatening for most people. I'm
actually going to give you the context
of the comment. I'm going to show you
exactly what the US treasury secretary
said because this is an important comment
from the US treasury secretary.
If the administration believes that this
is not life-threatening then the
administration can
make a case for trying to get the
economy back on track as quickly as
possible. In fact,
the faster the economy reopens the more
leverage politically and again i'm
talking about political leverage, i'm
talking about economic leverage.
The more leverage the administration has
to say hey we don't need more stimulus.
We don't need a $1200 stimulus check.
We don't need enhanced unemployment
benefits, the lost wages assistance
program should be enough.
This fundamental ideological difference
between the democrats
who basically want significantly more
aid and in the words of the White House
lead negotiators they said that the
democrats expect this to
last longer, to drag out longer the whole
pandemic. Whereas the republicans the
administration expects things to get
back on track quickly. Now let's be clear
it is indeed a K shaped recovery because
some individuals
have not only gotten back to their
pre-pandemic level of work
but they've actually done better than
the pre-pandemic level of work
especially individuals who can work remotely
but there are other individuals who
unfortunately through no fault of their
own have lost their jobs permanently. It
is a K-shaped recovery.
But it is important to analyze this
comment from the US treasury secretary
because it gives us an
insight, it gives us a view into exactly
what the administration is thinking. It
actually gives us
a sense of exactly how they're
approaching this entire situation.
Here's what Mnuchin said, he said that
it's a very important statistic that's
emerging. He was specifically asked about
all the different statistics that are emerging
in terms of the illness and how there
are some inconsistencies in terms of the
statistics. And he said
for most people this is not a
life-threatening situation.
And I quote he said "it's really just a
life-threatening situation
for people who are at high risk with
other issues." I'm going to repeat this. He said
it's really just a life-threatening
situation for people who are at high
risk with other issues but we've made
enormous progress and I think you're
going to see enormous progress on
vaccines quickly between now and the end of the
year. Now the reason i'm talking about
vaccines is
as my viewers and subscribers whether
you take the vaccine or not is up to you.
This isn't about that.
So don't freak out and say oh i'm
not going to take the vaccine. I'm going
to take the vaccine. This is not about
whether you take the vaccine or not.
This is about the economic and the
political reality of
getting us back to getting us back to a
normal pre-pandemic lifestyle. Getting us back
to a normal economy
where we can feel like our life has some
semblance of normalcy. So that is a very important
component of all of this. Today my wife
and I dropped my 5-year-old son
and my 2-year-old daughter makes me a
little emotional thinking about it off
to private school. My kids go to private school
and my kids were home for months as a
result of this pandemic and in fact i'm
a little nervous right now because they
are in school and my
my five-year-old and my two-year-old are
wearing masks all day.
um so it just again it makes me a little
emotional thinking about it but the fact
is
the entire focus of the administration
to try and get individuals back to work
is based on the premise and the premises
i quote
this is not a life-threatening situation
it's really just a life-threatening
situation for people who are at high
risk
with other issues i want you to tell me
in the comment section below whether you
agree with this
or whether you disagree with this
because i do want to know what you think
about this comment
from the treasury secretary because this
is the foundation of the entire approach
this is the foundation of hey we're not
going to give more money to states and
local
you know we don't want to uh we don't
want to waste money
and you know we need to have liability
protection in case they're frivolous
lawsuits so this gives you the
ideological position
of the administration and that's what
this is all about this isn't about
whether you take the vaccine or not
it doesn't matter to me whether you take
the vaccine or not let's be clear what
matters to me is that we are all safe
what matters to me is that we all get
back to work and what matters to me is
that we all resume
our normal life when it is you know when
it is safe and
when the circumstances allow it so he
said and i think you're going to see
enormous progress on vaccines
between now and the end of the year and
by the way you we have an election
coming up at the end of the year so
is there a is that a political benefit
to having a vaccine prior to the end of
the year of course
of course there is and he said last week
the president made a major announcement
with 150 new point of care test
the president announced an agreement
with abbott
for a point of care test it's basically
a five dollar test that can be
administered and he said
this can be distributed to every school
in the country so schools can get open
safely so this is a test
uh that you know you can read more about
the tests i'll include
a link in the description section below
so he said this is really about making
sure our kids get back to school
and our small businesses get back to
work now again let me be clear
my children went back to school today
and i have while i've been recording
this video i've been thinking about my
kids and i've been meaning to call the
school
over and over again just to check in and
see how they're doing that's how worried
i am as a parent and if you're a parent
out there watching you know exactly
what i'm talking about whether you send
the kids back to school or not is also a
personal decision
so there are this is this is not a black
and white situation
if any of my viewers subscribers think
oh you know the republicans are right
and the democrats are wrong or the
democrats are right and the republicans
are wrong no
this has many layers of gray remember
something
the truth is in black and white the
truth is usually hiding in the shadows
and what the truth is is something you
have to come to a conclusion
you have to come to your own conclusion
after you watch new sources like mine or
whatever else you watch but make sure
that you
understand all the facts and then you
come to your own conclusion
so this is what u.s strategy secretary
steven mnuchin said i thought it was a
very interesting comment i want to know
whether my viewers and subscribers agree
but first let's watch the u.s treasury
secretary and let's listen
to his exact words and let's roll the
tape well it was as you said that's a
very important statistic that they just
put out
and as we've been saying all along for
most people this is not a
life-threatening situation
it's really just a life-threatening
situation for people who are at high
risk with other issues
but we've made enormous progress and i
think you're going to see enormous
progress on vaccines quickly between now
and the end of the year
last week the president made a major
announcement with 150 million
new point of care tests so they can be
distributed to every school in the
country so
schools can get open safely so this is
really about making sure our kids can be
at school
and our small businesses can get back to
work and like i mentioned earlier the
ideological premise
of getting the economy back on track as
quickly as possible is indeed based on
the fact that this is not
a life-threatening condition his again
his quote was this is not
life-threatening for most people let me
know
what you think about that also in the
next segment uh the u.s trajectory
specifically addressed
uh getting the economy back on track he
said in fact he was asked is the
president frustrated
with the way things are going right now
and he said and i quote
the president's never frustrated he's
always demanding better information more
information
pushing all of us to make sure we're
working around the clock the president
is absolutely focused
to kill this pandemic and get the
economy back to where it was
the greatest economy we had going on
prior to this so clearly there's a focus
to get everything back on track based on
this premise let's watch
this clip and let's listen to exactly
what the u.s strategy secretary said
president's never frustrated he's always
demanding better information more
information
pushing all of us to make sure we're
working around the clock the president
is absolutely focused as i said to kill
this virus and get the economy back to
where it was
the greatest economy we had going on
before this as i start to wrap up the
video let me mention the reason this
discussion is very important
is because ideologically if you agree
that this is not dangerous
again let me quote this is not life
threatening for most people
ideologically
if you agree that this is not life
threatening for most people
then there is a case to getting the
economy back on track
but if ideologically you feel no this
this can be life threatening for
many individuals and ideologically there
is no case for getting the economy back
on track quickly because the foundation
of safe and effective work is required
for a healthy economy without safe and
effective work without safe and
effective schools
without us feeling safe when we go when
we go to a restaurant when we go to the
movies which by the way we're not there
yet
but we will get there i do believe we'll
get there but without those foundations
the economy can't get back on track
so again this creates an ideological
divide in the next video i'll be giving
you
an overview of how speaker pelosi's
thoughts about this whole thing
and speaker pelosi clearly feels that
there's a lot more that needs to be done
in fact
she specifically said that the president
i quote slapped science in the face yes
she said
the president slapped science in the
face and she was talking about the
republican national convention
and the fact that there were you know
there were many activities on the white
house lawn
and we'll be covering that as well i
want you to come to your own conclusion
remember
for me my name is dr nitin shoda for me
it's not about the red or the blue it's
about the red white and blue i'm not
democrat i'm not republican
i'm american i want you guys to think
about this and tell me
what do you think about the the
statement that this is not
life-threatening
for most people because that in turn
will dictate the rest of your thinking
thank you so much for watching my name
is dr nitin showdown with ignition time
if you don't know anything about me
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