Of course it’s worse. We haven’t even started to see the impact on having the 2020 summer tourist season quoted out, that hit 10s of thousands of camp grounds, cottage rentals, summer camps for kids, ocean and lake resorts, and the seasonal restaurants, craft shops, tour boat operators, and amusement parks in the colder states. The hospitality industry will take years to recover.
The alcohol industry should be fine. In fact, I think I’ll start drinking more. ;-)
I guess you haven’t been paying attention to the people of California flocking by the many thousands to their beaches in defiance of their Gov’t. Florida Beaches ditto.
President Trump is correctly reading American’s eagerness to get back to normal. Chomping at the bit, to use his phrase.
The protests erupting in Blue states against the dictatorial edicts of the idiots they themselves elected.
We will rebound from this. Not in the two months, it took to unemploy 17 million but, in 4 to 6 months.
Yes, the entire travel and entertainment industry will never be the same.
In the 1930’s we were mostly a manufacturing base economy which could be (and successfully was) jump-started by a World War.
This time around we are mostly a “service industry” (oxymoron) based economy dependent on discretionary income and a lack of “social distancing”.