Yes some shut down, while others redirected their services to become an essential service in supporting hospitals. Some car manufacturers are being repurposed to build ventilators, even some clothing manufacturers have begun to make masks. Some people laid off have chosen to become store stockers, delivery drivers, etc.
I’m not saying that it’s not hard, but I refuse to believe that the “death toll” from a few months off is going to kill as many as letting the virus run unchecked.
We’ve had the best economy in my lifetime. If my 20-something, blue-collar son could get out of debt and manage to put money away, there is no reason anyone couldn’t, honestly. And even if a person is are in dire straits, because of poor lifestyle choices, now we have the stimulus which will keep a lot of small businesses going and ,along payroll. I realize all will have to pay the piper some time, but those of you trying to make this look like some version of a Charles Dickens’ novel, are just over the top.
Please stop the "you". Uncalled for.
Re-positioning industry to make ventilators is important. It is a drop in the bucket compered to auto sales.
I'm concerned about what I project to be 17-25% unemployment by August, 2020. I think the big priority is to make sure lending and bank functions do not seize up. 2008 is some recent history on that.
I’m not saying that it’s not hard, but I refuse to believe that the “death toll” from a few months off is going to kill as many as letting the virus run unchecked.
= =
Agree.
Where are the links/studies to that?
I haven’t seen them.
Talk about spreading gloom and doom....geez.
I think there’s another thread for that :-)