The foundation of our economy is that people go to work and make products and services. When you stop that, businesses go under. They don't just pop back up when you reopen.
Yes, we realize how bad it's going to get - and it will get bad. Unemployment will probably be upwards of 30%. GDP will be in the crapper. However, I doubt there will be riots in the streets. And society will not melt down.
Things will be tough, but look at post-war Europe. Their infrastructure was devastated and they came back. In contrast, infrastructure is in tact. We should be able to rebound rather quickly. The administration is deploying the safety net. We will weather the storm.
At the height of the great depression unemployment was 25 %. Do you remember how long it took us to get out of that? Also we got lucky because we went into WW2 which rescued the economy. Also if you don't think there will be riots in the street once 15 million people can't feed their family you're wrong. Printing money and sending it to people won't solve this. We need to turn the economy back on NOW.
Unfortunately, the Feds can't "force" the people to go back to the work for the same reason the Feds couldn't have forced the shutdown in the first place. The Feds issue the guidelines and provide assistance. The States (and localities) have jurisdiction in deciding if and how to impose these guidelines.
If Trump were to attempt to force a "restart" right now it would be political suicide. The Dims would blame every subsequent death on him, and we would have to endure a Biden (or whoever the Dims choose) Presidency.
Right know it is all about public perception. And Trump, with his daily briefings, is controlling the narrative and building public confidence. At some point he will declare that the threat is over and the states will have no choice but to follow his directive.
Regarding the Great Depression, this may sound cliché but the 30's truly were a different time. The depression was the result of - to be brief - Stock Market and Bank failures. This is a forced workforce shutdown. The 30's had a politician in charge. We have a businessman leading us.
At this point, it's unlikely your scenario happens. But, I completely agree it's a risk, and we need a national plan instituted to 'turn the economy back on'. At present, we have a governor driven and mostly economically suicidal agenda driven by political hate for GEOTUS. That's gotta change real quick or your scenario will be likely.
I think you can... A bulk of it right now is imaginary bullshit anyway and and as far as I know the real components are still running so it's not a total shutdown like you're trying to make it out to be. Also, I think this is a great opportunity to reset a lot of components like our dependency on cheap Chinese shit, move a lot of that production back here!
Wow, I think this post was pulled. Come on, Mods! Why can't we have a little discourse here?
The foundation of our economy is that people go to work and make products and services. When you stop that, businesses go under. They don't just pop back up when you reopen.
Dude, relax. You sound like a concern troll. Trump's got this. Have some faith!
Come back in a week.
Yes, we realize how bad it's going to get - and it will get bad. Unemployment will probably be upwards of 30%. GDP will be in the crapper. However, I doubt there will be riots in the streets. And society will not melt down.
Things will be tough, but look at post-war Europe. Their infrastructure was devastated and they came back. In contrast, infrastructure is in tact. We should be able to rebound rather quickly. The administration is deploying the safety net. We will weather the storm.
At the height of the great depression unemployment was 25 %. Do you remember how long it took us to get out of that? Also we got lucky because we went into WW2 which rescued the economy. Also if you don't think there will be riots in the street once 15 million people can't feed their family you're wrong. Printing money and sending it to people won't solve this. We need to turn the economy back on NOW.
Unfortunately, the Feds can't "force" the people to go back to the work for the same reason the Feds couldn't have forced the shutdown in the first place. The Feds issue the guidelines and provide assistance. The States (and localities) have jurisdiction in deciding if and how to impose these guidelines.
If Trump were to attempt to force a "restart" right now it would be political suicide. The Dims would blame every subsequent death on him, and we would have to endure a Biden (or whoever the Dims choose) Presidency.
Right know it is all about public perception. And Trump, with his daily briefings, is controlling the narrative and building public confidence. At some point he will declare that the threat is over and the states will have no choice but to follow his directive.
Regarding the Great Depression, this may sound cliché but the 30's truly were a different time. The depression was the result of - to be brief - Stock Market and Bank failures. This is a forced workforce shutdown. The 30's had a politician in charge. We have a businessman leading us.
At this point, it's unlikely your scenario happens. But, I completely agree it's a risk, and we need a national plan instituted to 'turn the economy back on'. At present, we have a governor driven and mostly economically suicidal agenda driven by political hate for GEOTUS. That's gotta change real quick or your scenario will be likely.
Let's see if you call it fear spewing in a week.
I think you can... A bulk of it right now is imaginary bullshit anyway and and as far as I know the real components are still running so it's not a total shutdown like you're trying to make it out to be. Also, I think this is a great opportunity to reset a lot of components like our dependency on cheap Chinese shit, move a lot of that production back here!
what limit?
Fed pumped in 1.5T into the system
Stop fear mongering