« previous next »
Pages: [1]   Go Down

Author Topic: Mnuchin warns of 'permanent economic damage' if country doesn't reopen  (Read 511 times)

0 Members and 1 Guest are viewing this topic.

Online mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 383,154
  • Gender: Female
  • Let's Go Brandon!
Mnuchin warns of 'permanent economic damage' if country doesn't reopen
« on: May 10, 2020, 02:01:09 pm »
Mnuchin warns of 'permanent economic damage' if country doesn't reopen
By Zack Budryk - 05/10/20 09:51 AM EDT

Treasury Secretary Steven Mnuchin on Sunday said reopening the economy amid the coronavirus pandemic must be done in a "thoughtful way" but that not lifting lockdown measures could lead to "permanent economic damage."

Public health experts have cautioned that allowing public life to restart too quickly and without the proper safety restrictions in place could cause another spike in COVID-19 cases and deaths, which would in turn force states to shut down their economies all over again causing further economic damage. But Mnuchin said keeping things shut down is also a risk.

“I think there’s a considerable risk of not reopening, you’re talking about what would be permanent economic damage to the American public,” he told Fox News' Chris Wallace on "Fox News Sunday."

more
https://thehill.com/homenews/sunday-talk-shows/496994-mnuchin-warns-of-permanent-economic-damage-without-reopening
Logged
Proud Supporter of Tunnel to Towers
Support the USO
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34

Online Free Vulcan

  • Technical
  • *****
  • Posts: 23,757
  • Gender: Male
  • Ah, the air is so much fresher here...
Re: Mnuchin warns of 'permanent economic damage' if country doesn't reopen
« Reply #1 on: May 11, 2020, 02:24:06 am »
He's right. Too much economic contraction for too long and you start grinding into the metal, and what is lost never comes back due to entry barriers and other factors.

A very hard truth the leftists don't want to hear.
Logged
The Republic is lost.

Offline Smokin Joe

  • Hero Member
  • *****
  • Posts: 56,698
  • I was a "conspiracy theorist". Now I'm just right.
Re: Mnuchin warns of 'permanent economic damage' if country doesn't reopen
« Reply #2 on: May 11, 2020, 03:18:04 am »
Quote from: Free Vulcan on May 11, 2020, 02:24:06 am
He's right. Too much economic contraction for too long and you start grinding into the metal, and what is lost never comes back due to entry barriers and other factors.

A very hard truth the leftists don't want to hear.
It's what the leftists want. Their Master thrives on human misery and pain.
Logged
How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis

Online Free Vulcan

  • Technical
  • *****
  • Posts: 23,757
  • Gender: Male
  • Ah, the air is so much fresher here...
Re: Mnuchin warns of 'permanent economic damage' if country doesn't reopen
« Reply #3 on: May 11, 2020, 05:10:34 am »
Quote from: Smokin Joe on May 11, 2020, 03:18:04 am
It's what the leftists want. Their Master thrives on human misery and pain.

I'm going to love when it bites them on the butt in the form of collapsing tax revenue. These guys are so orgasmic over their new found socialism rush that they forget this is still a capitalist economy.
Logged
The Republic is lost.
Pages: [1]   Go Up
« previous next »