Posted on 03/17/2020 7:03:48 PM PDT by Red in Blue PA
WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin warned Republican senators on Tuesday that failure to act on a proposed coronavirus rescue package could lead to U.S. unemployment as high as 20% and lasting economic damage, a person familiar with the closed-door meeting said. Mnuchin met with senators to persuade them to pass a $1 trillion stimulus package that would send cash to Americans within two weeks and backstop airlines and other companies.
(Excerpt) Read more at reuters.com ...
It’s going to be bad and it’s so absolutely stupid. For basically a flu with a fever that requires being home a few days for most, we’ve completely destroyed the economy.
“The media hypes everything in the moment and then speculates always for the worst outcome.”
The fascist/commie media feeds off hate and fear-mongering.
Thanks! I’ll check it out.
Won’t there be more like 80% unemployment? At least for a few months?
I can see a scenario where 80% won’t be working.
It’s going to be ugly no matter what the percentages are.
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