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FAUCI'S FOLLIES: St. Louis Fed Estimates Coronavirus Lockdown could Bring 32% Unemployment -- Great Depression Brought 25% Unemployment
The Gateway Pundit ^ | 3/30/20 | Jim Hoft

Posted on 03/30/2020 11:42:34 AM PDT by tatown

The Cure Is Now Officially More Dangerous than the Disease.

Thank you WHO Director General Tedros Adhanom Ghebreyesus, NIAID Director Dr. Anthony Fauci and globalist elites everywhere!

During the Great Depression the highest rate of US unemployment was 24.9% in 1933.

The St. Louis Fed projected on Monday the US unemployment rate during the coronavirus panic could reach 32% unemployment — higher than the Great Depression!

The St. Louis Fed estimated that 42 million Americans could lose their jobs.

A man-made depression is coming.

And it was all caused by faulty data!


TOPICS: Business/Economy
KEYWORDS: coronavirus; economy; fauci; panic
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Yeah let's just go ahead and leave the economy down through April...or even May. Just print a few more trillions of dollars and we'll bounce right back. /s
1 posted on 03/30/2020 11:42:34 AM PDT by tatown
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To: tatown

We already have massive food lines. They are just invisible. It is all the cards, food stamp type stuff etc. used at the checkout line. It could get a LOT worse.


2 posted on 03/30/2020 11:45:30 AM PDT by cuban leaf (The political war playing out in every country now: Globalists vs Nationalists)
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To: tatown

We need a structured well thought out return to work, soon.


3 posted on 03/30/2020 11:46:13 AM PDT by 1Old Pro
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To: tatown

Yeah! Let’s take the summer off!


4 posted on 03/30/2020 11:46:46 AM PDT by miss marmelstein (Prayers for Rush)
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To: tatown

Yeah let’s just go ahead and leave the economy down through April...or even May. Just print a few more trillions of dollars and we’ll bounce right back. /s


Corrected

Yeah let’s just go ahead and leave the economy down through April...or even May. Just print a few more trillions of dollars and we’ll bounce right back.


5 posted on 03/30/2020 11:47:20 AM PDT by QuigleyDU
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To: 1Old Pro

I think we’ll need serologicall testing for that.

In the meantime, I think Macy’s may be toast.


6 posted on 03/30/2020 11:47:49 AM PDT by mewzilla (Break out the mustard seeds.)
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To: tatown

AND Soros, the swamp, the globalist, china, the evil rats and mediaVOMITS are as we speak uncorking their “WE FINALLY GOT ORANGE MAN BAD” Champagne bottle! And unfortunately it seems they might have..they took from him his only little lamb he had..he nourished it groomed it saw it grow then the evil selfish rich cabal took it from him! That is a story in the Old Testament about King David and Nathan the prophet! Read it and you’ll understand the meaning to my post!


7 posted on 03/30/2020 11:48:40 AM PDT by RoseofTexas
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To: mewzilla

...serological...

https://wgntv.com/news/macys-to-furlough-majority-of-its-130000-workers/


8 posted on 03/30/2020 11:48:52 AM PDT by mewzilla (Break out the mustard seeds.)
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To: tatown

Hello America. I hope you are enjoying your free, 45-day trial of Communism. If you wish to continue to enjoy all the advantages of full-on political control, price fixing and post-modern social-engineering, do nothing, and you automatically be enrolled for a life membership!


9 posted on 03/30/2020 11:48:54 AM PDT by PGR88
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To: tatown

Easter..and our economy will roar back.

I’ll go along with the eeexxxtttrrraaa precautionary measure until Eater.

Our older and sicker folks are at risk.

Then i’m done.

And it’s not the one month that we shut down that destroyed everything. We can survive a month. Which is THE LONGEST it should be. That’s up in about less than 2 weeks.

It’s the panic that wreaked havoc.

Get the engine up by April 12 and we’ll be rocking


10 posted on 03/30/2020 11:49:09 AM PDT by dp0622 (Radicals, racists dont point fingers at me I'm a small town white boy Just tryin to make ends meet)
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To: mewzilla
I think Macy’s may be toast.

Yep, just the start unfortunately.

11 posted on 03/30/2020 11:51:39 AM PDT by 1Old Pro
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To: cuban leaf

I am optimistic that the economy will not get a lot worse because Franklin D. Roosevelt is dead and Trump is president.


12 posted on 03/30/2020 11:53:02 AM PDT by forgotten man
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To: All

Stop this madness, now. Dr. Fraud should have to face the thousands of business who will shut down even though they don’t have a case within 100 miles of them.


13 posted on 03/30/2020 11:53:02 AM PDT by gibsonguy
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To: tatown

I have noticed something. Fauci the Great comes out and says crap like this, and I paraphrase:

The models and projections have a flaw, they are only was good as the assumptions that they are based on which can change over time. But this latest projection of 200 to 300 thousand deaths is probably more in line with what we can expect, BUT DON’T HOLD ME TO THAT.

See how that worked? My past forecasts are bull snot because that is in the nature of modeling which has its limitations. But having said that as a means of absolution from my past crapola spews, let me pivot to my next one which you can count on. Unless of course, you can’t and we can just do this all over again.

Here is an idea. Why not just admit what the current data tells us and say: AND THE REST IS UNKOWN AND WE JUST CAN’T SAY. How about stopping the Stephen King thingy of horror projection and say that you just have no clue. How about telling the truth: We are going to go about this preparing for the absolute worst.

The other thing I notice is this little trick.

Fauci Il Duce’s projections are sacrosanct. Any projection of the collateral damage is “fantasy” “fiction” etc. and to be dismissed.

Trump needs to dump this guy as soon as possible. Well, not dump, but isolate. Fauci the functionary is sure good at the Stephen King stuff, because it perpetuates the problem. It is in his nature to perpetuate because he is a functionary that lives to prolong problems and make egg head presentations instead of focusing on the solutions.

To wit: There is no isolation and lockdown measure that Dr. Fauci the Funcionary has ever heard of that shouldn’t be done like, yesterday.

But a treatment?!?! Well, that needs to be studied and carefully considered and slow walked and downplayed and sat on. The solutions? Not so much. The problems, more please!!!


14 posted on 03/30/2020 11:55:11 AM PDT by FlipWilson
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To: tatown

By this weekend we should have a pretty good idea of how things will be in the near future.

EBT cards are refilled on the 1st, what will happen when they find out there is NO FOOD because all the greedy people with jobs bought it all already.


15 posted on 03/30/2020 11:55:38 AM PDT by eyeamok
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To: tatown

Dr Death Fauci and liberal media are responsible for tanking our economy.


16 posted on 03/30/2020 11:57:18 AM PDT by tennmountainman (eThe Liberals Are Baby Killers)
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To: cuban leaf

“We already have massive food lines. They are just invisible. It is all the cards, food stamp type stuff etc. used at the checkout line. It could get a LOT worse.”

We probably have 30 million illegals in this country, the number of H1Bs is probably over 3 million and no telling how many visa overstays we have. We’re feeding too many foreigners that bear us no goodwill.


17 posted on 03/30/2020 11:57:31 AM PDT by dljordan
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To: dp0622

Get the engine up by April 12 and we’ll be rocking.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

If we don’t we could be heading for a Greater Depression.


18 posted on 03/30/2020 11:58:49 AM PDT by Lurkinanloomin (Natural Born Citizens Are Born Here of Citizen Parents_Know Islam, No Peace-No Islam, Know Peace)
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To: tatown

Well the doctors are pretty much running the show now and have Trump boxed in politically. If they say to keep the economy closed and Trump reopens it to save jobs but kills grandma, the Dems will attack.

So we’ll just have to deal with another Great Depression. Just hope Americans understand that’s what’s coming. I don’t think they do.


19 posted on 03/30/2020 11:58:50 AM PDT by david1292
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To: dp0622

I was cautiously optimistic that we could salvage a decent economy if things got rolling by Easter. Once Trump said April 30, any bit of optimism I held went out the window.


20 posted on 03/30/2020 11:59:09 AM PDT by tatown
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