Stephen Moore warns that the US could experience another ’Great Depression’
Economist Stephen Moore told radio host John Catsimatidis how COVID-19 could affect the U.S. economy. He claimed that we could experience another Great Depression if the U.S. remains on lockdown much later than early May. He advised that President Trump and governors across the country should think of smart policies to get the economy up and running.
Wow imagine that. The government shuts down private business and markets fail and then they pump trillions of dollars into the fed and it inflates the dollar and makes it worthless. Who could have ever seen this manufactured crisis coming?
Possibly but the Great Depression was due to problems in the economy. The current situation is different because we voluntarily shut down most of the economy. We should be able to switch the economy back on and recover in a relatively short period of time.
This seems rather obvious, I worked this out a month ago.
Great Depression vs 0.1% of people dying (all old and/or have comorbids). Honestly, the at-risk people need to stay at home while the rest of us go work.
The only way we could go into a depression is if the federal reserve raises interest rates since they were the root cause of the last Great Depression... maybe we should audit the Fed???????? Oh wait I’m surrounded by idiots I forgot that won’t ever happen..
Mainstream Media paraphrased - "We are looking for anything negative that we can report on."
Basic point u can't make money if ur workforce is sick n all money in world means nothing if ur dead from foolishly out there to make it..
You get the economy back by first stopping the Virus completely. You can only do that by flooding the country with testing.
This was obvious from the start. People appear to be still underestimating the virus, how easily it spreads, and how much of an impact it has and will continue to have. Don’t be stupid and put the “economy” before people’s lives. The best way to get out of this with minimal impact is to keep the shutdown going, get more people tested so we can properly track this, and keep people stable by providing assistance from the bottom up. We set trillions of dollars on fire to protect a falling stock market, so we now need to spend that money on people who really need it.
People dont understand the situation. In the next 6 months we are probably going to see some sad and scary stuff.
Newsflash Allowing the legacy media ,digital mob and PR driven politicians to dictate response to public health crisis causes unplanned catastrophic results