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.
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.