Will The Costs Of A Great Depression Outweigh The Risks Of Coronavirus?

[mystery-ak]

 Will The Costs Of A Great Depression Outweigh The Risks Of Coronavirus?
Federal and state governments are making a massive gamble about a little-understood new virus. They are betting our future on the most extreme worst-case scenario without considering the costs.

By Joy Pullmann
March 19, 2020

Federal and state governments are making a massive gamble about a little-understood new virus. They may not only be betting our entire economy, but our nation’s future. Thus it’s imperative that they not make foolish choices.

We shouldn’t allow policy under a Republican president to be driven by a Democrat like Steve Mnuchin, whose overwhelming priority is reassuring Wall Street above all else. Voters don’t vote for Donald Trump to get Obama-Bush bailouts of Wall Street and welfare expansions.

The current gamble seems to be to shut down the nation indefinitely to suppress a virus that is especially deadly to some demographics and experts agree cannot be contained, only slowed. The New York Times claims the basis of many U.S. officials’ decisions so far is a report from Imperial College London, and other models that spit out similar results. It says to contain the virus it will be necessary to quarantine Americans for two- to three-month stretches repeatedly over the next 18 months.

more
https://thefederalist.com/2020/03/19/will-the-costs-of-a-great-depression-outweigh-the-risks-of-coronavirus/

[IsailedawayfromFR]

Yes, Yes and Yes.

All one has to do is to look at the number of fatalities from the latter compared to the loss of freedoms and livelihoods from the former

[EdinVA]

Gotta love it... Anytime the president does ANYTHING, experts fall from the sky's singing gloom and doom and the president is wrong.....
I learned a long time ago, never listen to the monday morning quarterback, he has nothing at stake if he loses.
Support the guy that has some skin in the game...