The new issue is the potential for a really massive spike in Covid cases, where medical systems break down completely. So much of the economic/political status quo seemed to depend on the (largely irrational) optimism that followed the initial vaccine approval. If this gets replaced by a universal “OMG we are so fucked” the damage could be catastrophic–stock market, many industries that have been hanging on the edge, rage at media, doctors, politicians–any “voice of authority”. Even if (rationally) it turns out to be a 2-month issue that the vaccines could have reversed.

Obviously Biden won’t be up for this challenge but no other current or recent politician would have either. I don’t think events will fit any current narratives, and MSM attempts to spin them will fail. The general public won’t specifically blame either Biden or Trump. But if another 10M people are suddenly out of work, no one will understand why it suddenly happened, and no one will trust anyone’s ideas about what to do next.

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