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.
It wouldn’t have been any better for them if they kept going to work, got this, and ended up in the hospital for 2 to 3 weeks.
Some relief is on the way.
As you point out many segments of the retail industry are going gang busters.
How many small businesses will survive a couple of months shuttered? How many tens of millions of jobs depend on those businesses? How many tens of millions of people will fall seriously behind on their mortgages or slide into crippling debt?
Exactly. How many folks have a mortgage requiring two incomes? A lot! At this point I see no way we don’t get out of this self inflicted mess without a 2008 style housing crisis. And when a housing slow down aftershock hits a Wu Flu Panic weakened economy it will be devastating.
There will be tremendous political pressure for one bailout after another in the coming years. Dems and statist GOPers must be licking their chops.
As big as that jump was, unemployment is back to the start of Obama’s last year.
I didn’t hear people screaming that the economy was totally in ruins then.
I haven't panicked over the virus or the economy. I think for the most part American citizens have put their trust in President Trump. However I literally never watch the mainstream media.
Bullshit! This virus was never going to do the damage to our economy that the hysteria has done. Go look at Sweden as an example. They’ve largely continued on life as normal without largescale lockdowns and they have a whopping 4000 cases.
“We must find a way to restart our economy and coexist as soon as possible.”
We cannot coexist with the forces of evil. They must be driven from power on a permanent basis. Perhaps this situation is our opportunity.
And the stock market is about where it was when Prez Trump took office (i think). He's already PROVEN he can improve things quickly with a bunch of liberal hacks in the government and now he's got many more on his side and a proven track record.
“As big as that jump was, unemployment is back to the start of Obama’s last year.
I didn’t hear people screaming that the economy was totally in ruins then.”
You are joking right? You obviously didn’t pay any attention to the Trump campaign as this WAS his central theme.
ITS JUST THE FLU BRO /s
“Stick with President Trump and defeat the liberal mindset!”
trump is destroying this nation as much as any liberal with his call to shutdown.
...and every single day that we remain locked down it’s only getting worse.
You haven’t seen anything yet. That was just the first report. We are headed for 20 - 30 % unemployment.
and there we go...the left has succeeded in making you give up hope.
You either support him and his call to action or you don’t. Either stop passing the buck or blame him. Make a choice.
If warehouse and retail space is “dirt cheap,” then the landlords go out of business and/or default on the debt they incurred to build it.
This disaster is just getting started.
A deflationary spiral is extremely dangerous. The Great Depression was exactly that.
I literally cannot tell the difference between your tone an the tone and questions of every leftist reporter at the daily press conferences. You almost say it was as much glee as they do!
Thx, per Wikipedia hysteria Has been abandoned as a medical term, I guess it is politically incorrect.
Hysteria colloquially means ungovernable emotional excess.[1] Generally, modern medical professionals have abandoned using the term “hysteria” to denote a diagnostic category, replacing it with more precisely defined categories, such as somatization disorder.[2] In 1980, the American Psychiatric Association split phenomenology previously captured by the “hysteria” construct into discrete chapters on conversion, somatization, and dissociative disorders.
https://en.m.wikipedia.org/wiki/Hysteria
Bravo!!!!!
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