Terrified. There is no excuse for any of this to even be mentioned in polite society.
This ‘national emergency’ is roughly on par with 1982 - and Reagan solved it without nationalizing anything. It is obscene for this to even be discussed.
We’ve already past the point of what and what not should be discussed in polite company. How about open ballots? Did you ever in your life think we’d be seriously discussing ridding America one of its most sacred rights? How about the Fairness Doctrine? Seriously?
“Terrified. There is no excuse for any of this to even be mentioned in polite society.
This ‘national emergency’ is roughly on par with 1982 - and Reagan solved it without nationalizing anything. It is obscene for this to even be discussed.”
No, it is actually worse then the Great Depression. There were only three major options for a deflation:
1) Ease the suffering of the citizenship
2) All or nothing inflation gambit (that is what Washington is doing and it is unconstitutional and the consequences turn our nation into a 3rd world banana republic if it fails)
3) Nationalize the banking system, fire management, all shreholders are eradicated (including upwards of a ten million pension plans.
Does this explain the real severity to you? It may feel like 1982 RIGHT NOW in that three year bad recession, but this is year one. To put it in context the GDP of the U.S. lost -5% in year one of the Great Depression. 2008 clocked in at -8%. This quarter clocks in at another -8%.
It’s not so bad if you are already wealthy, or have are considered essential at your place of employment and earn a good wage with benefits. True unemployment (U6) is at 17% already.