Posted on 03/30/2020 8:08:30 AM PDT by DouglasKC
Have you noticed something?
There are a growing number of Americans who are in a panic about the economy.
Cries of "the economy will never recover if we're shut down too much longer" abound. Wails about "this will be worse than the great depression if it continues" are flooding social media.
This is despite President Trump's pronouncements that our economy will rebound quickly. President Trump believes that there is pent up demand that will explode once restrictions are lifted.
At least with the corona virus there was good reason to be concerned. It has ripped through other countries causing every government in the world to react in a similar way: institute measures to slow the spread so the medical system isn't overwhelmed. Every government has taken the calculus that doing nothing to combat the virus will hurt their economies in the long term. So they've taken short term economic pain to insure this doesn't happen.
Around the world and especially in the United States this strategy seems to be working so far.
Yet the panicky people who are worrying about the economy often look at the good results of what our government has done so far and say "See!! I told you the virus wasn't so bad!". They want to throw open the doors right now because they are fearful of what will happen with the economy if we don't. They have apocalyptic visions of President Trump presiding over a weak America while liberals gleefully dance on America's grave.
Yet stocks are once again on the rise. Investors are happy with what the President is doing to combat the virus AND for his vision of the economy. This is largely because before the virus broke President Trump had super-charged our economy. We were the strongest economically than perhaps at any other point in history...and we were getting stronger.
What happened with the virus has ONLY worked out in Trump's favor. It's now been proven that his vision of America first was absolutely correct. The virus has shown that we can't be dependent on China for manufacturing. It's not in our national interest. It's shown that we MUST control our borders and clamp down on illegal and legal immigration. President Trump's near daily press conferences have shown the American people that he's not the monster the news media portray him as.
Yet for all these positives those who believe that our economy can't take a two or three month slowdown are wringing their hands and screaming like little girls who have seen a spider.
As President Trump says this isn't going to stop us. We're going to bounce back faster and stronger than anyone can imagine...IF we follow his recommendations to combat the virus. If we let up too soon we're back to square one. If too many people figure they know more than President Trump does and flout his recommendations we're also back to square one.
Don't panic. Stick with the program that President Trump and his team have instituted to both combat the virus and keep the economy strong.
ya see, lots of new customers.
I agree.
But the interest does have to be paid.
I couldn’t escape the rancid debt number associated with them, but you are right about them running that business into the ground before COVID-19.
How about Macy’s and their furlough?
Laura Ashley bankruptcy?
The common man understands it choking on you phlegm caused by the disease attacking the lungs....he doesn’t careabout the yadadaada cytokines/yadadaad ace2 receptor...
I think they will survive as an entity but only in the most promising malls and other locations. This is just going to hurry along the decline of most malls.
Used to shop at Kaufmann's all the time. Had the best men's department. Once they got bought by Macy's, their focus changed. Can still get good deals there, but it's not where I would go for a suit any longer.
The point is that millions of people will have no job to go back to, regardless of when these stay at home orders are lifted.
The common man understands it as choking on your phlegm caused by the disease attacking the lungs....he doesn’t care about the yadadaada cytokines/yadadaad ace2 receptor... ect.
And the common man wants simple to understand treatments to help him get thru the crisis and meds that will help.
You guys are hilarious. You have this picture of Donald Trump as some kind of bumbling idiot who JUST listens to Fauci and Birx. That's it. He wakes up every day and asks them how to run the country. Nobody else gets any input. He doesn't study anything. He doesn't ask any other advisers. Doesn't keep up with current economic activity. Doesn't keep up with the medical situation. Somehow he's been hoodwinked by "doctors".
I wish you luck as well. It's not ME being optimistic about the economy. It comes directly from President Trump.
Macy's has been running on it's own name for decades. They've just been fortunate to have the fortune of fat economic times. If I had to bet I would bet that a lot of these marginal retail chains are going to use the excuse of the virus to bankrupt and grab federal funds as they go out the door.
I worry about retail, all of it.
Fast food joints will be needed once this clears up.
If this can convince manufacturers to bring it all back here, then we may dodge this total economic wipe-out.
I will never understand however how the ship hasn’t sunk with our national debt at the levels it is.
We’ve NEVER shut the economy down! No one has any freaking idea what’s coming next - there is a reason they literally just injected $6 TRILLION into the economy last week!
Yup. That's exactly why. But again I get a kick out of how you characterize things.
Trump: Gee what do we do?
Doctor Fauci: Shut down the country for a year?
Trump: Okay. What about all the jobs.
Doctor Birx: Print 6 trillion dollars.
Trump: Okay.
I'm pretty sure there's a master plan. They don't know EXACTLY what's going to happen but you can bet they have a 110% better idea than you and I do.
Printing money does not create wealth, it in fact destroys it. All the government is doing is picking winners and losers. Trump is being manipulated by the deep state here and he knows he’s lost in a no win situation at this point.
Because obviously he's been manipulated his entire life and his entire Presidency....
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