Posted on 03/22/2020 2:35:18 PM PDT by lasereye
As the coronavirus continues to spread, there is no question the U.S. economy is taking a major hit.
Economists at Goldman Sachs warn GDP will collapse at a 24% rate, a far cry from the 4, 5, and even 6% growth scenario presented by President Trump just over two years ago.
We are in a global recession, Allianzs Mohamed El-Erian said on Yahoo Finances On The Move. We're in a global recession because of what economic sudden stops do.
Economic contractions often happen gradually, not suddenly, giving policymakers and business leaders some time to adjust so that growth may resume. The coronavirus pandemic, however, has forced economic activity to grind to a halt (i.e. sudden stop) as social distancing has effectively shutdown the massive global discretionary services industry, while also disrupting the massive global manufactured goods supply chain.
(Excerpt) Read more at finance.yahoo.com ...
They said 15 days
And were just about halfway through that.
Finish the 15 days and then let the healthy go back to work. The at-risk can stay at home.
If you think this is bad, you should see what it looks like if you don’t take mitigation steps.
These fools seem to think a pandemic is something that can we dealt with fast. Not so ! We have end it before we can deal with the economic affects. The government at all levels is doing the best they can.
(parahrase) "If it (lockdown) saves even one life, it is worth it."
- see https://www.nationalreview.com/corner/if-it-saves-one-life-charles-c-w-cooke/ (Not a big NR fan, but this article is on-point
Saying such things appeals to emotion and feelings and not the facts at hand. You can save lives. Just stop with the theatrics.
If possible, maybe we could have a strategic vision of what we should look like on the far side of this. I always say that the 20th century was, in large part, a mistake. Sure — great technology came out of it — but the death, the genocide, the socialism, the irresponsibility: that stuff was not good.
I’d like to see freedom and personal responsibility come back. I’m glad President Trump is in office. If anyone can get us through this, it’s him.
Xi’s Depression.
If things go sour fast people should march to all the mediapukes outlets with pitchforks in hand and hold the mediaVOMITS and the swamp bastards along with the evil congress rats and their impeachment hoax severely accountable!!!
What happens when all human beings, for some reason, stop doing all the things they’ve always done?
What happens if it stays that way?
We might be about to find out.
Exactly whats the matter with all these people?
I guess they just need to write something provocative
Two weeks or 15 days is nothing ! absolutely nothing !
in the scheme of things
I suspect strongly that humans will not for go the procreative act.
I suspect that till the last drop is gone, people will drink beer..
Dirro hard liquor
“We are in a global recession”
I think a better description will be: We are headed to a global depression at this rate. We need those drugs to work, so people can get back to work.
Million dollar question. Just how sick are people getting? I hear people have it ,but how sick are they?
"Mistake" is not the right adjective. History/time is what it is. But very intriguing statement. Modernism/evolution seems to not be what what perceived. I basically only care about America. I am not liking the descending of the curve of our country. I would like to see how previous generations of America would deal with this.
And were just about halfway through that.
Finish the 15 days and then let the healthy go back to work. The at-risk can stay at home.
That’s all I have the patience for. 15 days. That’s it. Let’s open everything up while keeping our senior citizens indoors. If government continues to lock down to curtail economic activity, it is our duty as patriots to protest.
As great Patrick Henry once said “Give me liberty, or give me death!”
The NYC metro area faced something similar after Hurricane Sandy; on a LOCAL level, this is not “unrecognizable”. We weren’t working because a lot of power was out.
Gee is that why abortion continues apace??
This is the best strategy for the least total pain.
Who, in their right mind... ...Kevin, could possibly deny... ...that the twentieth century was entirely mine? All of it, Kevin! All of it. Mine.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.