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.
I hope that works for them. From the picture in the article, it looks like they are all wearing masks. Not an option here, as there is currently a shortage.
And from the article it seems like they are still expecting their hospitals to be overwhelmed. So they are making a conscious choice in favor of the economy over their people.
But the "everyone wears a mask" strategy is a viable option. I think it would work for us, once mask manufacturing has caught up.
So far. But right now, the virus has been detected in two-thirds of the counties in the US, and the ones where it hasn't been detected tend to be more rural, poorer, and have an older population, none of which bode well for their ability to cope when it does hit. And it WILL hit.
There were complains about economy under Obama, but it wasn’t the sky is falling type complaints that you hear now.
You are a total hypocrite - after all the virus panic pushing you did.
It literally took me one minute to find out what Sweden is doing to combat corona virus:
From: https://en.wikipedia.org/wiki/2020_coronavirus_pandemic_in_Sweden
"On agency recommendation: the government has limited freedom of assembly, temporarily banning gatherings of over 50 individuals and physically closed secondary schools and universities. The Public Health Agency and government issued recommendations to work from home, if possible; for people about 70 to stay at home; and issued general recommendations to avoid unnecessary travel within the country and to keep a social distance between people. Those with even minimal symptoms which could be COVID-19 are recommended to stay home. The 'karensdag' or initial day without paid sick-leave has been removed by the government and the length of time one can stay home without a doctor's note has been raised from 7 to 14 days.
They sound like they're doing almost exactly what the United States is doing to a large degree.
When we see +20% unemployment you'll understand what real pain really is. Trump has already alluded to it when he said that the cure is worse that the disease. He was 100% right but unfortunately the left got exactly what it wanted...the US economy on lockdown.
I never pushed panic. I looked at what happened in other countries and said if action wasn't taken then what happened there would happen here. Doesn't take a genius to recognize that viruses don't care what people believe. President Trump agrees with me on the virus and the economy. He vehemently disagrees with you.
This disaster is just getting started.
Yep. Retail was already under pressure from Amazon, etc. Home prices are at all time highs. When the economic fall out from the Wu Flu Panic hits it’s going to be ugly.
Prices will fall on non-essential items until their supply chains are rationalized. After that, prices will return to “normal” after most of the production capacity is shut down.
You're right about that. But I think the rural places will not be so hard hit because of not being so crowded and for the most part they are complying with President Trump's directives.
And a lot of Seattle restaurants closed their doors forever a month ago when that nursing home got hit.”
Actually a lot of those restaurants were planning to close anyway due to the minimum wage and the homeless vagrants ruining Seattle’s ambient night time traffic. Tom Douglas had already announced his plan to close all his Seattle restaurants which numbered four to six, can’t recall. The Seattle restaurants just jumped on the band wagon saying they were closing due to Covid-19.
agree
So you and your daughter and her husband are cheering on the disruption to the economy because you'll benefit from your competitors being driven out of business? I guess those competitors somehow deserve to get wiped out by open-ended government edicts, since none of them are "smart businesses".
My pessimism about the American citizenry has nothing to do with what I see in the mainstream media ... and has everything to do with what I’ve seen right here on this website.
The economic devastation this has caused will be evident fairly quickly, especially small and medium sized businesses, and unemployment (which I believe will hit 20% in April). Leisure and hospitality and retail ex supermarkets/big box will take years and years to recover (22 million jobs just there). I think we’ll have another big leg down in the stock market soon.
No, it will not.
Because we’ve never gone from ~3.5% unemployment to ~20% in a matter of weeks! Do you not understand the magnitude of that? Is that completely lost on you? The unemployment rate during the Great Depression averaged ~20% and that was the worst economic event in the country’s history.
I bet you are 100% right
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