Everyone, from experts to average voters to even President Trump himself, has graded the federal response to the COVID-19 outbreak.
The president's grade for himself is invariably optimistic and self-congratulatory: a 10 out of 10.
Experts have been harsher, with grades ranging from B-minus to D-minus.
Rep. Ami Bera (D-Calif. 7th District), a doctor himself, added his voice to the chorus of experts on Monday, giving the commander-in-chief a C-minus.
"That might be generous," Bera he told Cheddar.
The main criteria Bera used in making his judgment was the lack of widespread diagnostic testing for the coronavirus, something that experts have routinely pointed to as a necessary component for re-opening large swaths of the economy.
"There's no way we can start to lift the stay at home orders until every community has abundant diagnostic testing," Bera said.
Confusion and mistakes in the federal bureaucracy reportedly delayed the federal testing effort for weeks early on in the outbreak, and while the administration has recently touted the number of tests reaching four million, that still represents just over 1 percent of the U.S. population.
The White House faces increasing calls from governors for federal help on testing, while the administration insists governors can do more on their own.
"To try to push this off, to say that the governors have plenty of testing and they should just get to work on testing — somehow we aren't doing our job — is just absolutely false," said Gov. Larry Hogan (R-Md.) on CNN on Sunday. "Every governor in America has been pushing and fighting and clawing to get more tests, not only from the federal government but from every private lab in America and from all across the world, and we continue to do so."
Bera emphasized the importance of deferring to governors when it comes to things like testing.
"I would listen to the governors," he said. "They're closer to what's happening in their states."
Getting into the politics, the congressman also contrasted how the president has responded to the crisis with how he estimates former Vice President Joe Biden, the presumptive Democratic nominee, would handle it. Bera endorsed Biden in December.
He predicted that the electorate in November would judge the president harshly for his coronavirus response.
"I think we're going to look at the incumbent, Donald Trump, and recognize that he got us into this mess," Bera said. "He didn't create the virus, but his lack of ability to get ahead of this, his lack of ability to prepare the country. He wasted and squandered time."
U.S. President Joe Biden spoke with Ukrainian President Volodymyr Zelensky over the week-end, just days after he spoke with Russian President Vladimir Putin. The call comes as Washington prepares to meet with Moscow on January 10, as tensions mount over Russia's military build up near its border with Ukraine. Cheddar News speaks with Mustafa Tameez, a former advisor to the U.S. Department of Homeland Security, about the issue.
Several Silicon Valley insiders are being accused of contorting a 1990s-era tax break to avoid taxes on millions of dollars of investment profits. The tax break is known as the qualified small business stock exemption, and it allows early investors in certain companies to avoid half of the taxes on up to $10 million in capital gains. A piece recently published in the New York Times says venture capital firms like Andreessen Horowitz replicated the tax exemption by giving shares of companies to friends and family, who would otherwise face a 23.8% capital gains bill. The CEO of Roblox is also accused of replicating the tax break for his family members at least 12 times. Although the loophole known as 'stacking' is considered to be legal, the Times piece implies that the exemption has been manipulated for the ultra-wealthy to become more wealthy. Greycroft co-founder and Chairman Emeritus Alan Patricof joins Cheddar News' Closing Bell to discuss.
Chris Sommerfeldt, City Hall reporter for the New York Daily News, joins Cheddar News' Closing Bell, where he discusses both the wins and losses of Bill de Blasio's eight years as New York City Mayor.
The push to regulate the gig worker economy is gaining steam as the share of workers who participate in freelancing through businesses like Uber and Lyft have also exponentially grown during the pandemic. Employment attorney Mark Kluger, founding partner at Kluger Healey, LLC, joined Cheddar to break down how the battle to reclassify gig workers will continue in the new year, and why the issue continues to generate conflict. "More and more workers are using gig work as their primary source of income and as a result of that they are not like employees in the sense that they don't have benefits like health insurance," Kluger noted.
2021 saw markets continue to be impacted by the onslaught of the coronavirus pandemic -most recently in the form of the Omicron variant- in addition to the global supply chain shortage, and increased inflation. But it wasn't all bad news, as crypto soared throughout the year, and meme stocks continued to have a moment. With the year coming to a close, investors are keeping an eye out to see if they should expect more of the same in the new year. Chris Vecchio, Senior Analyst, at DailyFX tells us what market trends to be on the watch for in 2022.
Matt Hayden, vice president of govtech solutions at Exiger and a former assistant secretary of cyber at Department of Homeland Security, joined Cheddar to discuss the surprise phone call initiated by Russian President Vladimir Putin to President Joe Biden, ahead of January security talks about the rising tensions over Ukraine. "We're hoping to hear that we're able to talk about the aggression and the leadup of the Ukrainian militarization," Hayden said. "But we're also looking to hear is how the Kremlin leveraged their talking points to try to test their negotiation stance with the United States leading into this January 10th meeting."
