Posted on 04/07/2020 7:45:16 AM PDT by Hojczyk
Treasury Secretary Steven Mnuchin said Tuesday that President Trump is looking at how to reopen parts of the U.S. economy as the coronavirus pandemic forces an unprecedented shutdown of business throughout the country.
"The president is very much looking at how we can reopen parts of the economy," Mnuchin told FOX Business' Maria Bartiromo. "There are parts of the country, like New York, where obviously this is very, very concerning. There are other parts of the country where it’s not."
Restaurants, bars, hotels, gyms, beauty salons, entertainment venues and other businesses deemed nonessential have been ordered to close, while 41 states have enacted strict stay-at-home policies, bringing American life to a grinding halt.
The result has been an economic free-fall that experts warn will be worse than the 2008 financial crisis. In the final two weeks of March, a record-shattering 10 million Americans filed for unemployment benefits, a stunning sign of the depth of the downturn.
Estimates vary drastically for how high unemployment will climb, but economists broadly agree that it will be grim. An analysis published by the Federal Reserve Bank of St. Louis last week projected that unemployment could hit 32 percent in the second quarter as more than 47 million workers are laid off because of the pandemic. That would exceed the 24.9 percent peak during the Great Depression.
(Excerpt) Read more at foxbusiness.com ...
Good, we can start on May 1st. By then we should have masks for civilian use for the next month as this thing winds down.
Not so fast. There are at least two more stimulus bills that need passing before we can go outside.
How many businesses do you think can survive another MONTH of not doing business? May 1st will be far too late for many of them.
Funny how the poor people can work..there essential...
Government works get paid to stay home..
Teachers get paid to stay home
College professors set to stay home
Congress gets paid to do nothing..well they do nothing all the time
Well they do steal are money and make themselves rich..
They haven’t even finished the last one yet
Those counties with less than a dozen active cases should re-open for business now.
In a week, those with less than two dozen, and the week after, those with less than fifty.
Etcetera, until the whole country is back to work.
The absurd is normal and normal is absurd.
My prediction is that half the restaurants in this country are going to be out of business for good. We’ll see how that plays out, but that’s one industry that would likely be facing a disaster even if they opened tomorrow.
Everyone has the right to put food on the table, and to do that they have the right to work. Its one thing to declare a two week furlough, its another to deny people the right to feed their families. Government does not have that right.
Hell yes. The doom doctors will go on their MSM hysteria media tour near the end of April just like they did last time. When Dr Doom goes into the Oval office with his cooked graphs at the end of the month I hope Trump throws out of the office.
Bump
Sooner the better!
Personally, I want to try me some bat soup.
Yep. Incremental, safe, low-risk reopening.
A business man. Trump will figure it out.
My county has five cases. Quen Anne’s in rural eastern shore of Maryland. Pollen is brutal here this year, though.
Sounds like a reasonable approach, but it would never work in some places. You’d have people in “closed” counties flocking to do business in neighboring “open” counties ... which kind of defeats the purpose of the county-by-county approach.
I fear you are right. From what I see half is about the correct number. A tough business in the best of times. The ones around me tried to go carry out but most have given up. No effort was made to find a middle ground solution. The Governors just took a meat axe to the problem and left these businesses in the ruins. For example you could have every other table seating keep half the wait staff with protection
and it might have made a difference. You could find ways for most of the closed businesses to stay open with a little creativity. It is probably true with the Rat Governors at least crashing the economy was what they wanted anyway with Trump cruising toward re-election.
Well of course its grim they shut the whole freaking country down and put mom and pop out of business. Its insane!
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