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FAUCI'S FOLLIES: St. Louis Fed Estimates Coronavirus Lockdown could Bring 32% Unemployment -- Great Depression Brought 25% Unemployment
The Gateway Pundit ^ | 3/30/20 | Jim Hoft

Posted on 03/30/2020 11:42:34 AM PDT by tatown

The Cure Is Now Officially More Dangerous than the Disease.

Thank you WHO Director General Tedros Adhanom Ghebreyesus, NIAID Director Dr. Anthony Fauci and globalist elites everywhere!

During the Great Depression the highest rate of US unemployment was 24.9% in 1933.

The St. Louis Fed projected on Monday the US unemployment rate during the coronavirus panic could reach 32% unemployment — higher than the Great Depression!

The St. Louis Fed estimated that 42 million Americans could lose their jobs.

A man-made depression is coming.

And it was all caused by faulty data!


TOPICS: Business/Economy
KEYWORDS: coronavirus; economy; fauci; panic
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To: Sam Gamgee
Other good news, and I could be wrong, but America is the only country that has a suggested return to work date. Here in Canada everything is closed until we hear otherwise, and I’m not aware of any other nation setting dates.

This would be a great time to invade Canada.

We could do it with a singe Army Guard unit along the border, on a drill weekend when they're getting paid anyway.

Since most Canadians have no guns it'd be easy. The few that still have guns would side with us anyway.

The first thing I'd do is arrest all the "leaders" there and send them to Gitmo. I'd make them all strip naked and pile them up for embarrassing pictures (e.g. Abu Graib) and then post them all over the internet.

And of course next I'd make everyone in Quebec speak, read, and write English, and ban the French language.

After that, I'd start looking at what Army Guard units are along the eastern state line of California.....

;)

61 posted on 03/30/2020 1:57:31 PM PDT by zipper (In their heart of hearts, all Democrats are communists.)
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To: Sam Gamgee
We were told 1 million deaths in the USA a month ago, and that “expert” has now down graded that number to 100,000. So forgive me if I take these speculations with a grain of salt.

You aren't paying attention. It was way more than that at 1.7 million, not 1, and that was a model based on NO 'gubmint' intervention, as some idiots here at FR seem to advocate. Do you think "worst case model'" distinction might be important? What part of "worst case model" didn't you understand?

Those were AI models based on past epidemics, very complex data mining, and considering the unique characteristics of the Kung Flu, they were believable.

Fortunately our president and his team are mitigating those unmitigated numbers, in a bigly way.

62 posted on 03/30/2020 2:12:57 PM PDT by zipper (In their heart of hearts, all Democrats are communists.)
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To: cuban leaf
In discussing the Great Depression, there is one point I see missing.

The Great Depression was brutal. But it would have been even worse had it not been for the fact that the US was still very much an agricultural country. Don't dig up numbers shsowing the GP was not that dependent on agriculture. It may or may not have been.

Regardless of the numbers, a great many people, even though they had left the farm for work in industry, had kin still on the farm and they could go back to the farm for food and a warm place to sleep.

Ask me how I know. I am old enough to remember it well.

In the coming depression, many of the family farms are gone. Either grown up in timber or grazing land and very few city dwellers have kinfolk on the farm to take them in and feed them.

I hope all who live in the country have a means to protect themselves from what is coming.....unless we end this madness.

63 posted on 03/30/2020 2:27:10 PM PDT by old curmudgeon (There is no situation so dire that government intervention will not make worse.)
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To: old curmudgeon

This is why, 9 years ago, I moved from Seattle to a 12 acre (now 32) hobby farm in rural KY.


64 posted on 03/30/2020 2:33:26 PM PDT by cuban leaf (The political war playing out in every country now: Globalists vs Nationalists)
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To: zipper

“We haven’t had anything near a Depression in eons — you cheapen the term.”

WRONG. It happened under the Obama regime.

People were out of work for so long they used up their ‘unemployment’ (99 weeks max?) and were still not working.

The statistic quoted (that 5% etc..) is meaningless when it come to expressing how MANY people are actually ‘OUT OF WORK’.

The real statistic (never quoted) exceeded 25% during the Obama years -— 25% which is the threshold measure of ‘a DEPRESSION’

.


65 posted on 03/30/2020 2:51:14 PM PDT by elbook
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To: fire and forget
The American people as a whole..the entire nation is literally in mandatory house lockdown and the bad news is that the majority of Americans are consuming daily the most vile evil lying News being reported by the most filthy POS mediapukes ever in America's history. Because of them our president's reelection is slowly getting hit..example Rasmussen poll which has been very unbiased and balanced has the president dipping from 50+ to as of today 45%...it's still a good floating number but the longer this is prolonged and if this does not turn around soon I'm afraid President Trump is going to have a hard time getting reelected. If you say oh nonsense then we are all lying to ourselves and not facing facts! Slowly the mediaVOMITS outlets are blocking out his coronavirus pressers so what the people hear are the mediapukes sound clips etc unfavorable to the president..in other words they have the gullible people just where they want them..glued to the 📺!
66 posted on 03/30/2020 2:52:47 PM PDT by RoseofTexas
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To: Jane Long

I”m not suggesting he’s being cowed. You’re right, Trump’s impervious to that sort of thing. Perhaps, maybe likely, Im just slow to acknowledge how serious this is on its own. If that’s the case, I am coming around.

In any event, this isn’t a hoax. China (who we all know cannot be trusted in the best of times), REALLY doesn’t like Trump. Neither do they like the impact this is having on their own economy. They didn’t create or unleash the virus purposefully.

A crisis like this, with the accompanying economic meltdown, would, however, be the surest way of derailing an incumbent American president. Perhaps the only way to bring Trump down.

China withheld information that might have caused earlier preparation against this crisis. That’s all. Their MO historically evidences they would do this in a vacuum. Nonetheless, I don’t believe their misinformation strategy would fail to consider the American election cycle and Trump. The dems and the media would of course, as per form, blow things way out of proportion and do all they could to induce a panic and meltdown.

I don’t purport to know what’s really going on. It’s just interesting that all this is happening during a crucial election cycle. At a time when virtually nothing else could have derailed President Trump’s second term.

Nobody we’ve yet put up (sadly) could have done for our nation, and the world, what President Trump did. Please know I would NEVER suggest he’s just bending over and taking it. However, to the extent his malfeasant enemies have stacked things against him, if any, he really can’t speak to that as poignantly as he ordinarily does in light of the fact a lot of people are dying.

This is just a thought. Maybe I’m totally off-base. Please don’t think for a minute I’m trying to demean the most successful president we’ve ever had at turning the devices of our nation’s enemies and delivering us (with his enigmatic “magic wand”) from what these domestic, and foreign, enemies wanted to saddle us with.

Since the polls came in and we knew Donald Trump defeated Hillary, I frankly took on faith he’d be a two-termer. Given that they have no moral or ethical boundaries to constrain them from pursuing their ends, I always wondered how his enemies couldn’t find SOMETHING to slow him down. I’m just mortally afraid that, with this crisis, maybe they have. Perhaps they’ve no substantial role.

Prior to this “pandemic” and its fallout, my chief fear was what would happen after the President termed out since the Republicans have always failed to produce anything like him.

FRee Regards,

Sean


67 posted on 03/30/2020 3:14:45 PM PDT by fire and forget (Sic Semper Tyrannis Liberalis)
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To: RoseofTexas

We’re in a position to grapple with this thing thanks to the last three-and-a-half years. You can imagine how flat-footed we’d be had Hillary won.

I’m mortally afraid. Sure would love to know what the President’s strategy is for dealing with this, pretty much greatest and most unprecedented, of challenges.

All will be revealed. Meanwhile, we’ll remain strong and operate prudently for our families and our nation.


68 posted on 03/30/2020 3:17:52 PM PDT by fire and forget (Sic Semper Tyrannis Liberalis)
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To: 1Old Pro

There is no reason stores need to be closed. Any reports of this virus spreading significantly have been at places where people stand or sit close to each other for extended periods of time like churches, dance clubs, etc.

This is what I read about transmitting the virus yesterday...sounds very logical and similar to other contagious viruses.

“We’re really talking about being within four to six feet of somebody for a period of time,” Cartter said. “We’re talking close contact, not somebody you passed in the hall.”

Cartter added the virus is most likely to spread from the initial patient’s coughs and sneezes.”

So, this blanket stay-at-home and shutdown is totally unnecessary. The only places where a shutdown could benefit is crowded places where people congregate close together. This does not happen in a store unless there are lines like on Black Friday. No store needs to be closed. They can enforce 6-feet-distances and limit the amount of customers in the store just like the drug and grocery stores are doing now. The risk of transmission in a store is incredibly low and I know I’ve never heard one confirmed report of transmission in a store.


69 posted on 03/30/2020 3:22:12 PM PDT by JediJones (We must deport all liberals until we can figure out what the hell is going on.)
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To: zipper

You are so correct. When Americans really have no access to food, and sometimes resort to eating the stalks of what were vegetable plants, and chewing leather to try to ward off hunger pains—then I might accept the idea of a depression.
Mom did not speak of it often and most regretted not being able to provide a roll or scrap to the passing desperate men riding the rails. It was an emotional scar that shaped her life.


70 posted on 03/30/2020 3:24:06 PM PDT by whistleduck
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To: JediJones

They’re already doing that pretty much everywhere stores and restaurants (takeout only) remain open. Here in So Cal, at least.


71 posted on 03/30/2020 3:24:46 PM PDT by fire and forget (Sic Semper Tyrannis Liberalis)
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To: pepsi_junkie

The people being shut down have a legitimate point that if they’re going to be forced to stop earning income, their landlords, loan officers and tax collectors should also be forced to stop collecting income from them. The shutdown should not be a one-level deal where only the people at the back of the food chain get hammered.


72 posted on 03/30/2020 3:29:35 PM PDT by JediJones (We must deport all liberals until we can figure out what the hell is going on.)
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To: old curmudgeon

But for the Camp Fire which displaced me from Paradise, CA, I’d still be up north in an agrarian region. Always took some comfort being there with my new family the past eleven years. We had so many dear friends.

Now I’m back in Orange County, which is, to my surprise, just as wracked in panic as anywhere else. Far more dependent on the system holding together.

So nice seeing you.


73 posted on 03/30/2020 3:39:09 PM PDT by fire and forget (Sic Semper Tyrannis Liberalis)
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To: zipper

Well I heard that explanation as an after the fact from the left. First it was we are all going to die, but now they credit government action for it not being 1.7 million. Seems like a convenient way to explain those hair on fire numbers they first spouted. But since you obviously not the left, perhaps there is some validity to that argument.

I guess I could be one of those idiots as I am crying in my beer at all the loss of liberty and economic vitality done in the name of beating what appears to be a nothing burger virus. I think the cure is for sure worse than the disease. Poverty is also a deadly virus, as we heard of at least one person committing suicide due to job losses.

I am sure there is going to be a lot of embarrassed people when this is all over and at most 500,000 die worldwide. Like SARS, Ebola, mad cow, Swine flu, a complete nothing burger to the west. But I am also sure they will nauseatingly claim it would have been worse if we didn’t act.


74 posted on 03/30/2020 3:39:57 PM PDT by Sam Gamgee
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To: elbook
WRONG. It happened under the Obama regime. ....People were out of work for so long they used up their ‘unemployment’ (99 weeks max?) and were still not working. ....The statistic quoted (that 5% etc..) is meaningless when it come to expressing how MANY people are actually ‘OUT OF WORK’. .....The real statistic (never quoted) exceeded 25% during the Obama years -— 25% which is the threshold measure of ‘a DEPRESSION’People were out of work for so long they used up their ‘unemployment’ (99 weeks max?) and were still not working.

They 'still weren't working' because the vast majority of them didn't want to work. Obama was their enabler. He was buying their votes using other people's money. They were on an extended vacation, for the most part. They were deadbeats sponging off the rest of us, and we paid for their extended vacations. They were able-bodied but the benefits were just enough for them to sit in their mom's basement and play video games instead of work. And of course after 99 weeks (an insanely long time to be on welfare) they applied for disability. And the numbers of people on disability spiked.

Trump forced and tempted them off welfare. He created job opportunities by getting government out of the way. He opened up energy sector jobs by the hundreds of thousands. He brought back jobs from China. He renegotiated trade agreements with spectacular results. People are happier when they are working, they have dignity. And they get promotions. They move up the social and economic ladder, something that is obviated if they are welfare kings and queens, stuck on a low government stipend. I agree Obama did kill jobs with his insane agenda, but it didn't rate a Depression.

Even a "recession" technically requires two consecutive quarters of negative growth. We had very slow growth under Obama and he worsened the financial crisis that happened just before his time but the Fed bailed him out with QE1, 2, etc. to prop up his regime.

We are not in a Depression, and we won't be. We have the best people seeking out and implementing the best solutions, with extraordinary private sector cooperation (not nationalization, as a Democrat would have tried).

For a simple primer on the Great Depression in graphic form, watch the movie "The Grapes of Wrath" starring Henry Fonda. There is also a newly published book "The Forgotten Man" that addresses the subject well, judging from the reviews. I just started it.

75 posted on 03/30/2020 3:41:40 PM PDT by zipper (In their heart of hearts, all Democrats are communists.)
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To: JediJones

Never under estimate the stupidity of mob “wisdom”.

Now I am going over to check out Drudge headlines so I can light myself on fire with grief. LOL


76 posted on 03/30/2020 3:43:26 PM PDT by Sam Gamgee
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To: zipper

Pretty accurate. I’ve been told it takes 6 months to get a long gun here.


77 posted on 03/30/2020 3:44:28 PM PDT by Sam Gamgee
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To: zipper

Copper as an important indicator seems to be saying recession, but not depression - yet. If copper hits $1.50 then we are getting at least the great recession of 2008.


78 posted on 03/30/2020 3:45:48 PM PDT by Sam Gamgee
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To: whistleduck
Yes, Thanks for sharing. I had an old relative that kept foil on her windows until the day she died in her late 80's. She said it lowered her electric bill. It was part of the 'thrift' mentality that we can only imagine and try to comprehend, with difficulty.

Not to mentioned the suffering they endured during WWII. The Greatest Generation, indeed.

79 posted on 03/30/2020 3:45:58 PM PDT by zipper (In their heart of hearts, all Democrats are communists.)
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To: tatown

Fauci is a quack and an idiot. Trump ain’t much better listening to the like of that idiot.


80 posted on 03/30/2020 3:47:47 PM PDT by CodeToad (Arm Up! They Have!)
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