Posted on 03/18/2020 12:56:21 PM PDT by Kaslin
This whole article is hysteria
ignore it
Again if there’s ask everything just kind of quiet down and shuts down for a couple weeks , while the government gets a handle on this virus , who has it and who doesn’t
who gives a crap?
just take a vacation for two weeks and turn off the news!
Of course not FREEREPUBLIC. THANK YOU JIM !
Same boat as you. Spent 20 years in army reserves ready to deploy to Germany in 72 hrs if the Russians came at us. Now the motto is “stop living so we don’t die”. If we had this attitude in the 40s we would be speaking German or Japanese.
Yes, this is very likely.
“This is going to make the Great Depression look small.....”
The economy will rebound when this virus runs its course. It’s setting up a bad recession but it’s not going to last beyond the pandemic itself. This won’t be another Great Depression.
This sort of thing is why I believe business closures should only go statewide when 3/4 of counties in the state have evidence of community transmission. Of course, the state gov can feel free shut down businesses in individual affected counties, as far as I’m concerned, until the 3/4 threshold is reached (2/3 for RI and DE). OTOH, shutting down all the publik skrewels in the state is fine — kids in a school can spread this bug like wildfire, both to each other and to teachers, some of whom may live in another county.
The author of that article seems to be overwhelmed by panic and hysteria, BTW.
“Depression combined with hyper-inflation”
Depression results in deflation. The Great Depression featured a 30% deflation of the American money supply.
The Fed massively increased the quantity of money after 2008 and there was no resulting inflation, much less a hyper-inflation. Because they were fighting a countervailing deflation created by the collapse of the mortgage bubble.
Newsflash: making foolish (or more often, self-serving/self-enriching) choices is one of the few things government does well.
No huge uptick in cases
for nothing except another attempted coup/communist revolution.
Do you have any idea how many businesses are going to fold from no revenue for a month or two? How many individuals are going to default on what bills, and be so far behind when they start getting a paycheck again? And do you understand how tight fisted people are going to be after that experience? It’s not going to rebound as fast as you think
We need to pray for the sick septuagenarian Democrat front runners to continue to be intimately exposed to their Maoist puppet masters.
In calling for calm and restraint he is overwhelmed by panic and hysteria? Good Grief.
“And do you understand how tight fisted people are going to be after that experience? “
No, only you have access to that. So let’s hear your prediction.
Well the author does put Great Depression in his title and opens with
Federal and state governments are making a massive gamble about a little-understood new virus. They may not only be betting our entire economy, but our nation’s future.
Sounds a bit hysterical to me.
I think it would more likely have been a repeat of when SARS or any of the other epidemics came through in recent years.
“A Great Depression?” Hysterical.
The disease will scare consumers and investors enough. Demanding with deceptive language that consumers continue to travel to congregate in bars, resorts, restaurants and entertainment places will not get the desired results and would risk far more consumer and investor fear after many casualties occur. Demanding that the government shut up about the risks is wrong.
Preparations should be made to resume business activity in earnest, when the problem blows over. In the meantime, the author should get a job in a Walmart store in a major hub center to prove her honesty, just like the other employees, with elders in her family in her house, without gloves or any other protection and some ignorant or insane customers aggressively talking to her within a few inches of her face. Some of those employees each see tens of thousands of different customers in a month.
I’m sorry that some people are losing revenues for a couple of months. That doesn’t mean that they should say that the world is ending and give up. There will be many bright, young graduates and others willing to take their places in the hot weather ahead.
The disease is far worse than what Pullman dredged up with her chosen sources. It can quickly overwhelm ICUs in hospitals, and that would cause a panic that no amount of propaganda can stop.
On the contagiousness of the disease, Dr. Fauci said something to this effect. Wherever it appears that we are today, the situation is really more like what we’ll see two weeks from now.
In other words, there are quite a few times more cases out there than what we can see. Dr. Fauci is right about that, and that’s why people in the service sector are trying so hastily and desperately to shut everyone up about the problem now. They don’t want their potentially damaged and dead customers to see what generating those revenues today will do to them.
Try to slow the epidemic down, then go back to work. There will be plenty of debt. Debt is what too many people in business choose to run on now anyway. They should have known better and saved enough money to weather a couple of months of activity shutdown. It happens from time to time, and there’s nothing that we can do to completely avoid disasters from happening, including telling people to put their hands over their eyes and ears and scream.
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