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To: Enlightened1

On Fox Business’s Stuart Varney program this morning there was a discussion about the economic impact of the shutdown on the economy. There was a general consensus that if the shutdown continues past May 1 the economy will be in a severe depression from which recovery will be very lengthy.

Padding the death count significantly will definitely raise the chorus of those who want to keep the economy shutdown indefinitely.


16 posted on 04/15/2020 8:34:05 AM PDT by Soul of the South (The past is gone and cannot be changed. Tomorrow can be a better day if we work on i)
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To: Soul of the South

Oh yeah no doubt. I think President Trump has to start the economy this week or next. May 1st is too late.

If you think about the unemployment numbers. 17 million so far and it will rising.

The St Louis Fed is estimating 47 million by the end of June. https://www.forbes.com/sites/sarahhansen/2020/03/30/coronavirus-could-lead-to-47-million-lost-jobs-says-st-louis-fed/#6501e72066fa

We will be paying for this in various ways for decades to come.

I think President Trump is making a colossal mistake trusting the Swamp.


21 posted on 04/15/2020 8:43:17 AM PDT by Enlightened1
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To: Soul of the South

Padding the death count significantly will definitely raise the chorus of those who want to keep the economy shutdown indefinitely.


About 25-30% of the national death toll is in NYC alone. The amount of figure padding possible there is lost in the surge of deaths.


39 posted on 04/15/2020 9:24:11 AM PDT by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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To: Soul of the South

On Fox Business’s Stuart Varney program this morning there was a discussion about the economic impact of the shutdown on the economy. There was a general consensus that if the shutdown continues past May 1 the economy will be in a severe depression from which recovery will be very lengthy.


BTW, I think outside of the NYC area we are already too long. There is no amount of even fictitious money that can be made to fix this if it goes on too much longer, for the rest of us.


41 posted on 04/15/2020 9:27:03 AM PDT by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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