Thread by @SRuhle

THREAD: Biden doing a call with business and labor leaders on COVID recovery + his speech today positioned to push Congress to do SOMETHING on COVID.

He is making it clear business leaders, labor leaders and government CAN and must work together to get to the other side.

Meanwhile: Trump ignoring/denying the reality of COVID increases COVID fatigue and American’s unwillingness to adhere to protocols.

+ Congress is making no headway while small businesses panic and/or fight back against state and local restrictions.

But even without more restrictions in place, small biz is in PERIL – why?

Because America is sick & getting sicker. We are not out holiday shopping, celebrating or socializing in a way that can/will keep small businesses alive. And if we do, the spread of COVID will only worsen.

YES, the stock market is soaring on the fantastic news of ANOTHER vaccine advancement from Moderna.

But the markets are forward-looking...looking towards the days when we can resume normal life and pump our increased (work from home-induced) savings into the economy.

Until then, we remain home – some Americans unemployed and not spending because they have nothing to spend.

Others are home, not spending because it is not safe to resume normal activity.

In either scenario, our local businesses and economies are suffering and many may die out before Biden takes office or Congress takes action.