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?
I have no idea. But everyone is in the same boat. How long did it take the country to recover from World War 2? That was a multi year event that had a much bigger economic impact than this virus has so far.
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.