posted by O-TrapI'm not saying both scenarios aren't the most likely outcomes. I'm only saying that I could see the latter one having a few different ones, depending on how things go.
The market and the economy are pretty good predictors of re-election, and that was all he really had going for him. If people are still scared and uncertain about Cov-19 come election time, I think it will be a bloodbath for Republicans. I don't see "everyone else is just as bad" or even "we did better than most other countries" being a winning campaign argument.
It doesn't sound like there's a middling outcome here. This will either be under control in a few months, or you've lost control. It sounds, to me, like we're mostly talking a binary outcome - controlled, or not. If it's controlled, I think Trump gets re-elected as that leaves plenty of time for markets and the economy to recover.