Home Forums Hunting & Shooting Hunter's Campfire Enough. Stop it!

We are destroying more jobs, more lives, and more psosperity than the Corona virus could ever do. We're not talking about a couple of missed paychecks. We're talking about a depression lasting for yers.

"Economists, too, have struggled to keep pace with the speed of the collapse. A month ago, most forecasters still thought the United States could avoid a recession. Today, many economists are expecting a decline in gross domestic product that rivals the worst periods of the Great Depression."

https://l.e.crainalerts.com/rts/go2...-3eIF0-1n-4B2-1c-3eHSN-l4S2LCbuz2-1RyxEF

This may make me sound like a Pollyanna, but I predict that when this ends and restrictions are lifted, we'll not only roar right back, but rebound to an even larger and stronger economy.

I hope you're right, Rocky. Another consequence could be a lot of opened eyes...so many seem to take the benefits of American freedom and prosperity for granted.

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.

BS, Indy. As soon as we get the Plaquenil going business will be right back. Two rough weeks then we can see light.

Hell, even New Orleans came back.

Rocky is right.

Trump is right.

I'm with you in your hopes, RR. But while we've had our eyes on C19, there's been a major debt bubble burst which will only get worse due to C19. It's much bigger than 2008.

I hope the people are seeing what the Dems are doing to use this as a way to get their agenda passed by congress.

I think and hope it comes back. There should be a push to shift manufacturing back here. That would help a lot.

From their lips to God's ears.

Agree, the emotional infrastructure is still in place and folks remember that what stopped this great economy is not economic fundamentals.

The fiat currency money scheme was soon to crash anyway. Countries going to real money rather than petrodollars were going to see to that. That's why the deep state had to take Kadafi out.

Yep.

That's why Trump hit China with tariffs. It was putting US companies unprofitable and forcing them back here. That's why the left and MSM screamed about the tariffs. They wanted to build china. That's why they fought the USMCA.

Yeah, just like it did after 2008.

When you lose $100,000.00 in the stock market and 6 years later your value is back to what it was before is not the same $$$ that you had 6 years previous, it is devalued by inflation by quite a bit, not to mention what you didn't earn while it was gone. When you talk to an accountant and not a stock broker, the reality of getting money back will finally sink in, until then, depleted uranium isn't as dense as some people's analysis.

I pray you are right. I do say a power grab going on that will result in two things: More government and higher taxes.

I don’t hear the chatter from Trump or others now about selectively re-opening the economy in certain geographies. Are others hearing this? Once we start to pivot then I will be more bullish.

The economic downside will be short lived. We will bounce back quick. I read some of the stuff on here and just have to wonder where it comes from. Do people really believe all the countries in the world that hate each other got together and made up this pandemic just so the Dems can win in November. Or did they do it to take my guns. Lol cmon people I hate to say it but Common Sense here please. Ed k

That little commie bicht need some cheese with all that whine. I'd like to see him start a revolution

I too think the economy will quickly recover, but maybe not as quickly or fully as some.

Fact is, many of the businesses that have shuttered won’t re-open. They will be replaced, new business will settle in, unemployment will eventually come down, but I think it will take some time.

Trump is always right

I think for some the financial drought and banking cluster f’k of 2008 left a mark on memories when the economy didn’t come roaring back for 9-10 years....And it was mostly due to Trump getting our economy going again.

People who struggled then, maybe see deja vu, now....

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