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A National Lockdown Could Be The Economy's Best Hope, Says Minneapolis Fed President
NPR ^ | August 9, 2020 | Leila Fadel and Christianna Silva

Posted on 08/10/2020 5:54:50 AM PDT by John W

The United States has now surpassed five million confirmed cases of COVID-19 and 160,000 deaths from the virus as tens of millions of Americans file for unemployment, causing experts to debate how the nation should respond.

Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, says the answer should be a return to mandated lockdowns in every state for up to six weeks in an effort to save both lives and the economy.

"If we aren't willing to take this action, millions more cases with many more deaths are likely before a vaccine might be available," Kashkari wrote in a New York Times op-ed on Friday alongside Dr. Michael Osterholm, director of the Center for Infectious Disease Research and Policy at the University of Minnesota.

Kashkari says lockdowns were having a positive effect during the spring. The problem, he told NPR's All Things Considered on Sunday, is that "we threw in the towel before the health officials had actually gotten control of the virus."

Giving up too early cost the economy, says Kashkari. What the country needs now, he says, is "a more stringent, uniform lockdown state-by-state" until the virus can be brought under control. "Then we can return to normal economic activity with more confidence."

(Excerpt) Read more at npr.org ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: lockdown
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1 posted on 08/10/2020 5:54:50 AM PDT by John W
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To: John W

And we should all listen to a Fed Prez for medical advice..................


2 posted on 08/10/2020 5:57:27 AM PDT by Red Badger (To a liberal, 9-11 was 'illegal fireworks activity'...........................)
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To: John W

All the numbers are dropping. We’re doing fine.


3 posted on 08/10/2020 5:57:27 AM PDT by ClearCase_guy (If White Privilege is real, why did Elizabeth Warren lie about being an Indian?)
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To: John W

Banking Institutions are a far greater threat to our liberties than any standing army.


4 posted on 08/10/2020 5:57:49 AM PDT by eyeamok
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To: John W

“We need to destroy this economy in order to save it.”


5 posted on 08/10/2020 5:59:02 AM PDT by StoneRainbow68
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To: John W
Kashkeri is a leftist obananator. He constantly has cheered for big state despotism and taken shots at Trump since he was inaugurated.
6 posted on 08/10/2020 5:59:09 AM PDT by robowombat (Orthodox)
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To: John W

Time for this guy to be fired


7 posted on 08/10/2020 5:59:21 AM PDT by captain_dave
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To: John W

And just remember, as stupid as you may think his comments are, his real power to meddle and inflict damage on you is FAR greater.

He and the other progressive social-engineers at the Federal reserve control the supply of money and interest rates. The very things at the root of nearly all decisions you make.


8 posted on 08/10/2020 6:00:01 AM PDT by PGR88
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To: Red Badger
And we should all listen to a Fed Prez for medical advice..................

That would be as stupid as listening to Dr. Fauci for monetary supply policy..... or medical advice either.

Whatever happened to "push down the curve" so hospitals aren't overwhelmed?

9 posted on 08/10/2020 6:02:27 AM PDT by KarlInOhio (In 2016 Obama ended America's 220 year tradition of peaceful transfer of power after az><n election.)
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To: Red Badger

A Fed official with a mediocre investment banking career which was bailed out by being given a plum job in Obama’s subprime bailout team.


10 posted on 08/10/2020 6:02:44 AM PDT by TheConservativeBanker ($;)
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To: John W

Oh yeah . . . shutting down the economy worked so well the first time. . . . /serc


11 posted on 08/10/2020 6:03:10 AM PDT by RatRipper ( Democrats and socialists are vile liars, thieves and murderers - enemies of good and America.)
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To: John W

This guy is nuts!

Lockdowns Never Again: Sweden Was Right, and We Were Wrong
American Thinker.com ^ | August 10, 2020 | William Sullivan
Posted on 8/10/2020, 7:28:30 AM by Kaslin

In life, we encounter things which may work in theory, but not in practice. Communism is famously one of those things. Time travel is another. With any luck, Americans will soon come to realize that strict social distancing, economic lockdowns, and mask-wearing all belong in that category of supposedly sound ideas that simply don’t work in reality.

For evidence, let’s look to Sweden. As Dr. Malcolm Kendrick, an ER doctor at a hospital in Stockholm, writes on his blog, “COVID is over in Sweden. People have gone back to their normal lives and barely anyone is getting infected anymore.”

Unlike so many other countries, “Sweden never went into complete lockdown,” Dr. Kendrick writes. Non-essential businesses remained open, people continued frequenting restaurants, the kids stayed in school, and “very few people have bothered with face masks.


12 posted on 08/10/2020 6:03:13 AM PDT by saintgermaine (THE TIME TRAVELLER)
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To: John W

Simply make HCQ and Azithromycin OTC drugs. If a patient develops a cough and/or fever they can go to the local drug store and purchase the meds with Zinc Sulfate within 48 hours to control the Covid virus.......instead of waiting to get tested and waiting 5 days for test results, by then you are dead if over 70 years of age. Pandemic over.


13 posted on 08/10/2020 6:03:27 AM PDT by chopperk
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To: ClearCase_guy

.032% death rate IF there are truly 160,000 strictly Covid deaths.


14 posted on 08/10/2020 6:03:29 AM PDT by Shoefus
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To: StoneRainbow68

“we must have sex to save the friendship”. Seinfeld.


15 posted on 08/10/2020 6:03:52 AM PDT by redshawk ( I want my red balloon. ( https://youtu.be/V12H2mteniE))
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To: John W

Why would you lock down the whole country when 20% of the deaths were in NY and 50% of them were in 5 states?


16 posted on 08/10/2020 6:04:58 AM PDT by AppyPappy (How many fingers am I holding up, Winston?)
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To: John W

Death from cancer is already 3 times that from covid-19.
Auto accidents kill 55000 year after year.
Influenza kills not just old and obese, it kills in all age ranges.

Covid-19 kills 99% only those who are obese, or diabetic, or have cancer, or have lung disease, or are very old and feeble.

But we shutdown the country for this?

And why are asymptomatic infections not a good thing?
It is same as a vaccine, creating immunity, only better and less risky than injecting some experimental vaccine in your body.


17 posted on 08/10/2020 6:06:10 AM PDT by entropy12 (covid-19 separates the fearful from the freedom loving! If I am not afraid, no one should be.)
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To: John W

Sure, right after gay “bath houses”, riots, protests and “peaceful demonstrations” are shut down.


18 posted on 08/10/2020 6:07:45 AM PDT by NativeSon ( What Would Virginia Do? #WWVD)
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To: John W

its funny how easily you can see the globalists in our midst if you look at their recommendations \ actions.


19 posted on 08/10/2020 6:08:38 AM PDT by NicoDon
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To: chopperk
One of the most disingenuous things to come out of this has been to evaluate HCQ’s against already sick, and in some instances very sick, patients.

The benefits of any anti-viral medications are marginal at best if given more than 3 to 4 days after first symptoms.

20 posted on 08/10/2020 6:09:19 AM PDT by gov_bean_ counter (AOC the bartender would have had to work on the second floor at Miss KittyÂ’s saloonr...)
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