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Treasury Secretary Mnuchin Urges Governors to Reopen States to Prevent ‘Permanent’ Economic Damage
https://time.com/ ^ | MAY 10, 2020 4:46 PM EDT | BY KEVIN FREKING / AP

Posted on 05/10/2020 7:11:37 PM PDT by RomanSoldier19

Some of President Donald Trump’s top economic advisers emphasized on Sunday the importance of states getting more businesses and offices open even as the pandemic makes its way to the White House complex, forcing three members of the administration’s coronavirus task force into self-quarantine.

The president and governors who will decide when to reopen their states are facing competing pressures. More economic activity and travel will likely lead to more people contracting COVID-19. But tight restrictions on which businesses can operate are causing millions of people to join the ranks of the unemployed. Decisions about how fast to reopen come with a general election less than six months away, and Trump and other incumbents facing the prospects of seeking another term in the midst of a public health and economic crisis.

“If we do this carefully, working with the governors, I don’t think there’s a considerable risk,” Treasury Secretary Steven Mnuchin said on “Fox News Sunday.” “Matter of fact, I think there’s a considerable risk of not reopening. You’re talking about what would be permanent economic damage to the American public.”

Another 3.2 million U.S. workers applied for jobless benefits last week, bringing the total over the last seven weeks to 33.5 million as states restrict activities to slow the spread of the virus. Mnuchin said the jobless numbers “are probably going to get worse before they get better,” but he expected the economic numbers to improve in the second half of 2020 and that next year would be a “great year.”

(Excerpt) Read more at time.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: budget; classactionfodder; coronavirus; economy; policestate; reopen; stevemnuchin; stevenmnuchin; trade
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1 posted on 05/10/2020 7:11:37 PM PDT by RomanSoldier19
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To: RomanSoldier19

Democrat Stop Trump attempt #4000 or whatever it is now. Sabotage economy. Blame Trump. These people are desperate to deny this president a second term. The six months between now and the election are gonna be chaotic to say the least.


2 posted on 05/10/2020 7:15:10 PM PDT by dowcaet
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To: dowcaet

Trump has got to stop hiding behind Fauci and say something. This stupid reopening plan, dictated by who knows who, has given the leftist governors even longer leeway to remain shut down.

Please, President Trump, if you want to get re-elected, stand up and lead. And if you’re tired and don’t want to run again, then pick somebody who can.

This country is going to collapse otherwise.


3 posted on 05/10/2020 7:19:14 PM PDT by livius
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To: RomanSoldier19
The demonicrat governors wish to inflict pain and destroy people. George Soros came in and bought up coal mines that Hussein shut down. Bankrupt companies will be bought up by soros and China.
4 posted on 05/10/2020 7:19:21 PM PDT by mountainlion (Live well for those that did not make it back.)
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To: dowcaet

Let your loins be girded about, and your lights burning;


5 posted on 05/10/2020 7:21:39 PM PDT by RomanSoldier19 (Game over, man! Game over! ; : rem ad triarios redisse is)
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To: RomanSoldier19
Love to think it would happen, but Republicans control only 26 states. Democraps will destroy the economy, and do it on purpose to win 2020! But here is some interesting data from Worldometers next time you run into your favorite liberal who says Trump is responsible:

Total US COVID deaths - 80,787
Total Republican Govenor state deaths. - 17,085

Top 8 COVID death states are democrap govenor ran!

Translation: You are almost 4 times likely to die in a Blue state then a Red!

This is what Trump should be tweeting out! We control more states and have far less deaths.

6 posted on 05/10/2020 7:24:02 PM PDT by Bommer (I am a MAGA-Deplorian! It is the way! It is the only way!)
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To: RomanSoldier19

2 commie governors namely Blackface from Va. and Katie “Im a commie moron” Brown of OR have no plans to reopen until after the elections..


7 posted on 05/10/2020 7:24:13 PM PDT by max americana (fired liberal employees at every election since 2008 bec. I enjoy them crying)
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To: dowcaet

I’ve told my neighbor on more than one occasion, 2020 is going to make 2016 look like a walk in the park.


8 posted on 05/10/2020 7:29:47 PM PDT by EvilCapitalist (Pets are no substitute for children.)
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To: Bommer

wish they switch the colors around they dont match.


9 posted on 05/10/2020 7:32:47 PM PDT by RomanSoldier19 (Game over, man! Game over! ; : rem ad triarios redisse is)
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To: RomanSoldier19

Or, if you’re a Democrat governor, wreck your state’s economy under theory that the Dems will win the WH and control Congress and can wipe the slate clean with a bailout and give you a fresh start next year.


10 posted on 05/10/2020 7:33:15 PM PDT by bigbob (Trust Trump. Trust the Plan)
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To: RomanSoldier19

The country needs to open now.


11 posted on 05/10/2020 7:35:23 PM PDT by Arcadian Empire
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To: bigbob

NY was hemorriging citiezs, and was short 6B before the cough.

Those million dollar pensions will not pay themselves.

New York state faces $6.1 billion budget hole next year
Search domain nypost.com/2019/11/22/new-york-state-faces-6-1-billion-budget-hole-next-year-officials/https://nypost.com/2019/11/22/new-york-state-faces-6-1-billion-budget-hole-next-year-officials/
Nov 22, 2019Gov. Cuomo faces a growing budget mess as officials projected a


12 posted on 05/10/2020 7:37:09 PM PDT by RomanSoldier19 (Game over, man! Game over! ; : rem ad triarios redisse is)
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; cardinal4; ColdOne; ...

13 posted on 05/10/2020 7:37:56 PM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: livius

What you said!


14 posted on 05/10/2020 7:39:46 PM PDT by PlateOfShrimp (c)
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To: Bommer

We are down from the peak. 38,000 new cases and 2,900 deaths to 20,000 new cases and 750 deaths today.


15 posted on 05/10/2020 7:41:29 PM PDT by MinorityRepublican
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To: RomanSoldier19

Some of the dimoKKKRAT governors want Permanent Economic Damage to help in their election prospects.


16 posted on 05/10/2020 7:41:32 PM PDT by Parley Baer
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To: RomanSoldier19

Finally. Someone in this admin saying the obvious. The democrats are playing with fire. Tamping down the economy for funzies PLUS permanent dislocation and destruction of entire industries due to new “social norms,” like airlines, hotels, travel and entertainment, cruise lines, restaurants, sports, etc. etc.

I get we need to have the admin be cheerleaders for the economy.

We’ll be damn lucky to cobble together a faint recovery if we started tomorrow!

Oh I forgot we gonna get $2k/ month ( $6T/year ) from the gov.

never mind.


17 posted on 05/10/2020 7:50:47 PM PDT by Strident (< null >)
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To: dowcaet
Customers In Packed Colorado Coffee Shop
18 posted on 05/10/2020 7:55:28 PM PDT by justme4now (Falsehood flies, and the Truth comes limping after it)
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To: MinorityRepublican

well my county forced Dip-wad Wolf to include us for the “yellow” re-opening this upcoming Friday 15th but the lawsuit against him still stands as long as we’re not fully opened. Will be interesting to see if it continues after we’re fully opened.


19 posted on 05/10/2020 8:02:58 PM PDT by caww
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To: RomanSoldier19

Hear that, Gretchen? Let’s stop with the power trippin’.


20 posted on 05/10/2020 8:05:34 PM PDT by madison10 (Wash your hands & say your prayers cause Jesus & germs are everywhere)
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