Fed’s Kashkari advocates six-week economic lockdown to defeat the coronavirus

CNBC ^ | 08 August 2020 | Jeff Cox

[zeestephen]

Minneapolis Fed President Neel Kashkari is advocating a full economic shutdown for up to six weeks to halt the Covid-19 spread...In a Friday New York Times op-ed he authored with Michael T. Osterholm of the University of Minnesota, Kashkari said the initial March lockdown didn’t go far enough..."To be effective, the lockdown has to be as comprehensive and strict as possible," Kashkari and Osterholm wrote.

[rstrahan]

Hasn’t helped in other countries, no difference between lockdowns and staying open.

[mewzilla]

Zero hospitalizations in many Upstate NY counties. A statewide positivity rate of under 1%.

Try this crap in NYS again.

I dare you.

[Gay State Conservative]

Of course he does. That would surely damage the economy to a point where it resembles the 30s.

Not the 1930s,the 1830s!

And then he can be the Assistant Director of tax enforcement under President Nanzi Pelosi!

[djpg]

And if this theory doesn’t work, will Kashkari pay everyone back for lost money?

[MAGAthon]

9 Aug: Daily Mail: IAN BIRRELL: Why Sweden, pilloried by the whole world for refusing to lock down - with schools staying open and no face mask laws - may be having the last laugh as experts say Stockholm is close to achieving herd immunity
•Swedish health experts say struggle against pandemic is ‘marathon not a sprint’
•The country has one of the highest death rates from coronavirus in the world
•Anders Tegnell’s refusal to impose lockdown is held up by critics as a warning
•But is it possible the Scandinavian nation made the right call in the long-term?
Yet Sweden is seeing a sustained drop in cases, with some experts even suggesting it may be close to herd immunity in the capital Stockholm.
The number of deaths, new cases and patients in intensive care has fallen dramatically.
On one key measure – percentage change in new confirmed cases over the past fortnight relative to the previous 14 days – Sweden is down more than a third.

This contrasts with sharp rises in neighbouring Denmark, Finland and Norway, along with countries such as Belgium, France, Germany, Italy, Spain and the UK.
Meanwhile, the latest data suggests Sweden is suffering less severe economic trauma than most major European nations, while it has, almost uniquely among Western countries, kept schools open...
Prof Ekstrom added that evidence from elsewhere indicated that lockdowns were unsustainable. ‘You go crazy after a while,’ she said...

It fell 8.6 per cent over the second quarter compared with a 12 per cent fall across the Eurozone. Analysts fear the UK economy may shrink 20 per cent over this period.
‘It’s grim by any normal standards but compared with other parts of Europe they have done well,’ said David Oxley, senior Europe analyst at Capital Economics. Sweden’s big exporters are seeing profits decline smaller than anticipated while there are fewer bankruptcies than feared...

‘If a business can stay open, it’s clearly better than closing,’ said Esbjorn Lundevall, an analyst at Scandinavian bank SEB.
He added that keeping schools open provided a significant economic boost...
https://www.dailymail.co.uk/news/article-8607731/Why-Sweden-pilloried-world-refusing-lock-having-laugh.html

[yldstrk]

How about no?

[apillar]

Fed’s Kashkari advocates six-week economic lockdown to defeat the coronavirus Trump at the Ballot Box.

There, fixed it....

[polymuser]

We have many domestic enemies, all working to take down PDJT.

[jdsteel]

Seems we need a new Fed President in MN.

[SmokingJoe]

Minneapolis Fed President huh?
Why doesn't he call for a 200 week lockdown of all the rioters looters arsonists and killers who have turned Minneapolis into bell on earth?

[chief lee runamok]

In reality, we are all ex-spurts able to speak knowledgeably on any subject.

[Diogenesis]

anyone stupid enough to live in Minneapolis
should clean feces in SF for Pelosi,
and not be a Fed President.

Neel Kashkari <==== failure

[Gen.Blather]

The virus has been so politicized by various factions that it’s hard to determine what course of action (to defeat the virus) would be best. No matter what Trump does, he will be attacked by opponents for doing the wrong thing, and CERTAINLY not what they, in their perfect wisdom, would have done. If Trump had kept the economy on course with no lockdowns, no masks, then every death would have been laid at his feet. That would be tough to overcome even though his presidential opponent is, for all practical purposes, a child.

When all the political dust has settled, we need laws in place to reflect reality when this situation hits again. (And, it has been such a powerful political tool, it is guaranteed to come back again year after year if we don’t institutionalize a sane response by law.)

[CincyRichieRich]

He likely is paid $250,000 per year plus the best bennies and vacay...to spew this commie crap...let that marinate...

[MayflowerMadam]

They had to come up with another panic lie before the election.

[Mashood]

If we do that for covid, and it works, we can do that for the flu?

[zeestephen]

During the Great Recession of 2008, Neel Kashkari was appointed Director of the “Troubled Asset Relief Program” (TARP) by George W. Bush.

[MCEscherHammer]

Good luck with that eel!

[bort]

How about locking down blue state governors for 6 weeks?