InvestorsHub Logo
Followers 220
Posts 32328
Boards Moderated 1
Alias Born 08/28/2003

Re: None

Sunday, 05/10/2020 10:20:31 AM

Sunday, May 10, 2020 10:20:31 AM

Post# of 574
To the editor: You claim that the coronavirus pandemic has plunged California into worst budget deficit in state history. That is not true.

https://www.yahoo.com/news/letters-editor-remember-gavin-newsom-100026060.html

The spiraling unemployment, economic losses and budget deficit were due to the governor's March 19 stay-home order. Was that order a justified response to the COVID-19 threat?

On March 18, the governor wrote a letter to the president stating, "We project that roughly 56% of our population — 25.5 million people — will be infected with the virus over an eight week period." Apparently the governor also believed that the case mortality infection rate was at least 1%, meaning there would be at least 255,000 deaths in California.

Today, the number of confirmed infections is fewer than 70,000. Reported deaths total less than 3,000.

The March 19 action of the governor that resulted in the economic apocalypse and our historic budget deficit was not rational or justified.

Ned Leiba, Culver City

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.