Posted on 03/17/2020 1:01:14 PM PDT by Oldeconomybuyer
Better us than Iran, I guess.
Europe is going to be much worse off. May even need a “Marshall Plan” for Europe.
But that could benefit US Producers.
Our economy will explode from pent up demand when this curse passes. The combination of cabin fever and money will bring back the good economic times.
Just what do we produce they want?
Add in repatriation of critical supply chain manufacturing. This could be that next industrial revolution.
It’s nothing short of a reboot of the world economy. And with Trump leading that effort, it provides the silver lining in this cloud.
Fortunately, thanks to Trump and his genius, the US economy is the strongest in the world, and we can afford this.
This crisis is temporary.
The Trump Economy is sound.
Trump is a genius.
(On the other hand, the last thing we need is a large number of desperate, unemployed, impoverished people, especially if vital resources are scarce!)
The real cost of mass third world immigration, offshoring and outsourcing becomes apparent
As if 9/11 wasn’t enough to convince our ruling class to lock down
I expect an expansion of the debt of about 2 $trillion this year.
Normal business: 1 $trillion
Coronavirus: 1 $trillion
1+1=2, as always.
No problem. As of Dec. 2019, America owed China $1.07 trillion dollars. There’s a bit left to spend, then deduct it from monies owing.
Europe is a fully developed economy. They can take care of themselves.
"But that could benefit US Producers."
At the expense of everyone else.
Owed for what?
Who in the h3ll thought it was such a good idea to grant China MFN trade status on the theory that they would behave if they profited from capitalism?
Nope, wouldn't work. That was fine in 1946, in 2020 the EU bureaucrats would insist on total control over the money and waste it on nonsense. And then blame us for not giving enough.
Yeah, too bad nobody ever warned people /s
Sorry - “owes”. $1.07 trillion was what America owed to China - part of the national debt.
Nice theory, but for the problem of having our economies too entangled with each other. They have aces up their sleeves to play, too. Dealing with “the China problem” was one of the biggest reasons I supported Trump. Now, with this tragedy, we may actually make real progress, but it will be hard, very hard. And not fast.
All the measures I’ve been reading about? They’ll blow through $1T in nothing flat. Expect $2T.
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