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.
Times have been good in the Trump economy. Many of my suburban neighbors sold and upgraded. If one of the couple loses their job long term they are in deep trouble.
So many blue and white color jobs are connected to housing and construction around here in NE FL. Serving economic growth in general. New construction grinding to a halt will cascade through the economy and hammer Florida. Big time.
You could be right. More people will start losing their jobs. Unless the FEDs pick up salaries from now to whenever,
then they can’t afford to pay for stuff anyway.
We’ll see.
There could be some serious change of ownership of massive apartment complexes in my university town. Developers have been building these things nonstop since the GFC. If the students don’t come back in mass, somebody is hosed...
Big apartment complexes are bought and sold all the time by large investment firms. It’s where they park some cash I guess. Must be some tax benefits, too.
You have it backwards. It's scared old people that are wreaking havoc crazily demanding the world come to a stand still because they are too stupid to self isolate.
Commercial paper trying to be addressed on the state level, Cov-19 swimming in the water.
The fact that trillions of dollars are being printed is proof of this. The forest fire is now raging and the feds are trying to slow it down with a garden hose. The virus-panic crowd refused to acknowledge what these draconian measures would do to the economy and they were all to happy to trumpet the MSM/Democrat propaganda.
The potential calamity caused by literally shutting down the US economy will dwarf any potential damage from this virus even on it’s best day.
Is any other country on the planet spending $100 million or more per Wu Flu fatality? Of course not. I believe China never locked down their entire country. Long term China is going to be the benefactor of the self inflicted wounds to the US economy caused by the Wu Flu Panic of 2020.
Park some cash....?
You guess...?
Laundering cash!
One being built in Midlothian with just under 1000 units. Betting on a highway extension. Hmmmm, maybe a nice Section 8 neighborhood amongst the $300K homes. Now, wouldn’t that be special?!
Crushing the economy is not help granny at all. It is political virtue signalling at its worst.
You choke out when your airway or esophagus has something blocking it thus prohibiting air to get to your lungs. So stating it as he did was incorrect. Neither phlegm or anything else is creating an obstruction in your air way. The air you are desperately gasping to provide to your lungs, is unable to get to your lungs because fluid already occupies where the air would normally go.
Park some cash....?
You guess...?
Laundering cash!
One being built in Midlothian with just under 1000 units. Betting on a highway extension. Hmmmm, maybe a nice Section 8 neighborhood amongst the $300K homes. Now, wouldn’t that be special?!
My parents rented a gulf cost condo before, during and after the GFC. Most new projects and projects in progress were halted. It took a few years for everything to get going again. Same thing is going to happen this time...
Indeed, although so far not too many white collar jobs have been lost. The longer this goes on though....
Bingo.
There's a long list of companies that have made that announcement. It's called Force Majeure. Every property lease agreement has it by default.
Not a good time to be a mall landlord. Maybe they will convert to hospitals.
Come on now, don't throw these woodchucks into the mix. They ran their company into the ground well before COVID-19 was an issue.
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