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Wed Mar 25, 2020, 08:46 AM

Economists say Trump's coronavirus reopening plan is dead wrong

https://www.axios.com/coronavirus-trump-reopening-economists-reaction-a1b1d589-583d-46d8-8aca-afffdd10d8f2.html

Economists say Trump's coronavirus reopening plan is dead wrong
Dion Rabouin


President Trump's proposal to get business around the country back open by Easter Sunday, April 12, will do more harm to the economy if the coronavirus outbreak has not been contained, economists say.

Why it matters: Such a plan would sow uncertainty in markets and among customers and business owners and make the recession longer and harsher.

Threat level: "We are still significantly behind the curve in containing coronavirus and reopening the economy for political expediency in the middle of a pandemic, to which no has has an immunity, is absolutely mindless," Bernard Baumohl, chief global economist at the Economic Outlook Group, tells Axios.

"It will only delay a full economic recovery."


snip//

The bottom line: "Trump is deluding himself if he thinks that he can step behind a podium and reopen the economy," Michael R. Strain, director of economic policy studies at the conservative American Enterprise Institute, wrote in an op-ed for Bloomberg.

"A warning to the president: Trying and failing to reopen the economy before economic activity is organically ready to resume could have dire economic consequences."

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Reply Economists say Trump's coronavirus reopening plan is dead wrong (Original post)
babylonsister Mar 25 OP
Watchfoxheadexplodes Mar 25 #1
Cousin Dupree Mar 25 #2
True Blue American Mar 25 #3
Coleman Mar 25 #4
True Blue American Mar 25 #5
babylonsister Mar 25 #9
volstork Mar 25 #6
roscoeroscoe Mar 25 #7
Mike 03 Mar 25 #8

Response to babylonsister (Original post)

Wed Mar 25, 2020, 08:53 AM

1. But he is a genius and don't forget a business

Oye!!

That bullshit is all over Facebook this morning mostly from local news stations pages ugh

Somebody put this resurrection idea in his head and I suspect it was Falwell jr himself.

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Response to babylonsister (Original post)

Wed Mar 25, 2020, 08:54 AM

2. Trump's quick reopening plan IS NOT GOING TO HAPPEN.

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Response to babylonsister (Original post)

Wed Mar 25, 2020, 08:56 AM

3. This is one time States Rights

Are doing the job the Federal Government, led by a narcissistic lunatic is failing to do.

As much as I dislike Mike DeWine he would make a better President than the one we have now. He is using common sense. Better safe than sorry when it comes to lives.

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Response to True Blue American (Reply #3)

Wed Mar 25, 2020, 09:07 AM

4. Orange County, FL has ordered a shutdown at 11pm Thursday

Orange includes Orlando.

Our beloved governor is refusing to even close all beaches, much less non-essential businesses. He doesn't do anything without Rick Scott's OK, who doesn't do anything without IQ45's OK. So as you can see, the decision making process in Florida is slow. So slow, localities have to make most decisions.

Case in point: The Florida Keys are closed to all non-residents. A local, not state decision.

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Response to Coleman (Reply #4)

Wed Mar 25, 2020, 09:12 AM

5. I understand

Mar A Lego is really a hot spot, true? What about Volusia County?

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Response to Coleman (Reply #4)

Wed Mar 25, 2020, 10:18 AM

9. All beaches in Melbourne, FL, are closed.

I think that applies up and down the coast.

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Response to babylonsister (Original post)

Wed Mar 25, 2020, 09:56 AM

6. What the hell do THEY know?!

Economists have only been studying this stuff for hundreds of years....

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Response to babylonsister (Original post)

Wed Mar 25, 2020, 09:59 AM

7. Probably

Getting his economic advice from Larry Ludlow..

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Response to babylonsister (Original post)

Wed Mar 25, 2020, 10:17 AM

8. Absolutely kick and rec!

I've been hoping this would be the case: economists won't fall for this cheap Trump ploy.

Let's hope those in Trump's inner circle have the wherewithal to show him this.

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