By Wayne Allyn Root
All my life, four titles have best described me: Conservative, Libertarian, Capitalist and Contrarian. Keeping those in mind, I have great questions and doubts about what roads have been chosen to combat Coronavirus. I think it’s our right and duty to ask questions in a free society.
I just don’t know if this route chosen to virtually ban business and commerce; to literally destroy Las Vegas, one of the world’s great cities; to leave millions unemployed, frightened and unsure how to pay bills; to potentially start a Great Depression; was the right path for stopping this deadly virus.
And I believe the vast majority of Americans and Las Vegans left jobless overnight, would agree with me. They’re in shock, they’re scared. And no one ever gave them a choice.
But now is not the time for blame. Debate can all come later, after we’ve recovered from this nightmare. And by then, we may find out this was the right choice. And we’ll all be thankful.
But now I bring solutions for America. I hope you are listening President Trump.
Let’s start with Wall Street. We need an immediate Executive Order to institute the “Uptick Rule.” This is not a ban on short-selling. But it limits short sellers from betting on the destruction of the US economy. It allows “sharks” and foreign governments who don’t have our best interests in mind, to only sell a share of stock short, after someone else has bought a share.
If we don’t do this now, soon America’s middle class, small investors, and pension owners will lose their life savings, or have their retirements wrecked forever.
Now to the middle class. I’ve advised for weeks now a trillion dollar “Marshall Plan” to save all the employees of America- many of whom are now jobless. If we are to prevent a Great Depression we must infuse cash immediately into every American’s hands. President Trump appears ready to do this.
Now to small business, the economic engine of America.
I see President Trump is ready to inject billions into business. But will this be aimed only at banks, Wall Street and politically-connected billion-dollar companies? What about small business?
The majority of economic and job growth comes from small companies with 20 or less employees. Millions of us face going out of business in the coming weeks. What we need is $250,000 to $1 million no-interest loans to get back on our feet. The government must provide it, because banks never will.
Lastly, I see President Trump is supporting a “rescue plan” designed by Nancy Pelosi and Democrats. It’s filled with pork and waste. But worst of all, it demands small businesses with 500 or less employees must pay for 14 days sick leave for every employee with Coronavirus. You’d drive every retail store, restaurant, bar and gym in America out of business.
We’re already at death’s door. This would finish us off. By all means, pay 14 days for any employee sick with Coronavirus, Mr. President…with government’s money.
No small business can afford to pay employees for not working. This is a death blow. Remove this clause, or veto this bill Mr. President. I know you love small business. Please don’t inadvertently damage it.
Wayne Allyn Root is the host of “The Wayne Allyn Root Show” on Newsmax TV, nightly at 11 PM ET/8 PM Pacific, found on every cable system in USA, plus DirecTV and Dish,
at http://www.newsmaxtv.com/Shows/The-Wayne-Allyn-Root-Show He is also a nationally syndicated radio host of “Wayne Allyn Root: Raw & Unfiltered” found at http://usaradio.com/wayne-allyn-root/