Anyone who thinks we can just open the economy back up and "poof" everything goes back to normal should heed these words.
There's no going back. The people who made the decision to shut down the country, even for a single day, need to be held accountable. The economy is in smoldering ruins. The entire country looks like Detroit. Boarded up and abandoned storefronts fill the landscapes. Commercial real estate is collapsing and behind this, the banks that hold the notes. Great Depression II is on the horizon. We have no idea the suffering that awaits us.
Mar 20, California becomes the first state order lock down
Chart showing the stock market tanking long before the first lock down
Chart showing airline traffic plummeting before the lock downs. Keep in mind, the airlines have never been locked down. They were strongly pressured NOT to shut down.
Chart showing Restaurant traffic falling before first lock down.
Fall off in many industries prior to California's lock down.
this is what this fear pandemic has wrought....
btw, CDC stating that the CFR is more than the flu, but well, well under all previous estimates...
Restaurants at 50% capacity??? Half of all restaurants in the USA will close by October 2020...Interesting side note...Remember Starbucks allowing the homeless to hang out all day without buying anything.....Wonder if that happens with 50% capacity?????
That ship sailed weeks ago with the decisions to penalize those states with lockdowns greater than 2 weeks.
Early on the metaphor was “domino-effect”; I would argue the correct metaphor is “snowball-effect”.
Most people have no idea the damage that’s been wrought and are unable (or unwilling) to see the forest through the trees.
It’s going to get worse...MUCH worse...before it improves.
I hazard “Great Depression II”
Sadly, this includes Donald Trump. Trump was OK with the shutdown of the private sector (the federal government kept on working), and then the ‘Rat governors and mayors picked up the ball and started running with it. Various GOP controlled legislatures (Michigan comes to mind) failed to do what needed to be done, which was to vote out articles of impeachment against Gretchen Whitmer.
I’m still going to support the Donald in November, because he is the last best hope. A loss to Biden would be devastating.
The entire country looks like Detroit.
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Can we please stop with the Detroit bashing.
I see a lot of remarks like this, but Detroit prior to the shutdown was on the upswing. The young population there has been on the rise, much of it due to Dan Gilbert and Quicken loans HQ. New restaurants popping up every day. A police chief that believes in the 2nd amendment and urges its law abiding citizens to get their CWP to protect themselves. Mayor Duggan is a Democrat, but operates more like a moderate Republican. Its not perfect, but Detroit is better today than it has been for decades. On the other hand, we have a governor whos trying to destroy it.