OK Pat, you're right...poor choice of words. What I should have said is that the former administration did a laudable job of putting plans and infrastructure in place for just such an event.
Cory, you're right too, the sky is not falling. The appearance of novel influenza virus is significant because it opens yet another door for a pandemic to emerge whether this one does now, or not. This strain has met the criteria of a pandemic capable virus. But, that doesn't mean it will cause a pandemic.
As far as virulence goes, it's too early to calculate a reliable case fatality ratio, but the virus has demonstrated the ability to kill healthy young adults.