Here's someone who disagrees with you:
Unemployment will easily rise to 15 percent and GDP will plunge by $3-5 trillion if the Coronavirus lockdowns don't end by May. The economy will recover slowly and radically changed, many businesses have permanently closed and many jobs are lost forever.
Stock investors can expect continued turbulence and a slow recovery to the record high prices set in February. Many bond issues will fail absent direct intervention by the Federal Reserve and Treasury that would impose losses on taxpayers.
Stimulus spending will arrive too little and too late and too scatter shot. Federal dollars will often deliver the wrong incentives. Unemployment benefits are excessive for many workers and will encourage many low wage workers to avoid moving to new opportunities. Many self-employed will encounter huge income losses and receive little help. Whole sections of the economy will receive little aid while the airline industry will paper over its irresponsible behavior with taxpayer money.
The Stimulus Package was the product of the usual partisan gamesmanship with each side trying to obtain long-term goals instead joining hand to addressing the immediate crisis. The vanity of negotiators created a ensemble of Neros, and the economy and hopes and dreams of the American people will burn.
Republicans and Democrats-and lobbyists representing all sides-hung ornaments that sparkle and glimmer to the selfish recesses of their souls, and now they can watch their Christmas tree of vanity, pride and greed go aflame.
Peter Morici is an economist and business professor at the University of Maryland, and a national columnist.
.....................................Yep! And most economists predicted that a Trump presidency would be a disaster for the economy........THEY WERE WRONG!........Most economists who hail themselves from major universities are quite liberal and therefore their opinions should be taken with a grain of salt.......And most liberal economists under-estimate the private sector and generally PREFER the demCRAP playbook of bigger and more controlling govt........
28 Nosler,,,,300WSM,,,,338-378 Wby,,,,375 Ruger
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