It's not easy, but we must listen to the experts.
It's not easy, but we must listen to the experts.
I'm not seeing a lot of experts giving estimates of the ramifications of economic fallout here. Just politicians worried about their reelection and business people worried about their personal fortune.
I'm sure they are out there. But right now they are overshadowed by professional doofs like Larry Ludlow.
Besides, are experts estimating whether or not it will be easier to deal with the epidemic with an economy that functions or the one that's almost totally shut down, causing supply chain disruption and delays worldwide, and (in a month or two) shortages of goods?
On Fox News, he said "by Easter" (2 1/2 weeks from now)
We know the US is a big country, and not all of it is affected equally. Epidemiologically it'll likely behave like 50 smaller countries. We also know that if Trump tried to re-open just those parts of the country where per capita infection rates are very low, public would howl.
So what he's doing is proposing a big, unacceptable offer, to then tone it down shortly before the final decision is announced. That way you will all exhale and accept it more easily. So if NY gets much worse, it'll stay shut down. If it levels out, it'll be partially re-opened. If a miracle happens and clinical trials currently underway show efficacy in some drugs, things will be able to be re-opened much further. WA has already leveled off. CA is leveling off as we speak. In other places there's not enough testing to make any conclusions, something that will change this week.
You will see this play out exactly as I described it over the next 2 weeks. Bet on it.
Look at other countries like Germany, Denmark, and Ireland who are moving to cover wages and providing paid sick leave. Germany is offering companies unlimited loans to prevent them from collapsing.
I am not an expert in economics, but it does seem like competent technocrats are finding paths to maintain the economy while maintaining public health, and it's only in the US where you have a president who doesn't have a strong grasp of economics, or the experts to advise him, who only sees an option of trying to force back the old system, despite all the experts (economic and health!) who are advising the exact opposite.