States reject Trump's talk of restarting US economy early
Source: Microsoft News
A week after millions of Americans began taking shelter at home from the coronavirus, states warned on Tuesday against easing restrictions too soon even though the clampdown is devastating the U.S. economy.
President Donald Trump said on Monday he was considering how to restart business life when a 15-day shutdown ends next week, even as the highly contagious virus spreads rapidly and poorly equipped hospitals struggle with a wave of deadly cases.
A Republican, Trump is seeking to win re-election in November on a promise of economic growth.
Gov. Andrew Cuomo, a Democrat whose state of New York has become the epicenter of the U.S. outbreak with 25,665 cases, strongly opposed allowing people to travel, socialize and get back to workplaces too quickly.
Read more: https://www.msn.com/en-us/money/markets/states-reject-trump-s-talk-of-restarting-us-economy-early/ar-BB11D2Te?ocid=msedgntp
Beartracks
(12,814 posts)... he just wants to be able to take the credit. And, if it doesn't, he'll pretend he never said anything.
Just like how he never acknowledges that three scant weeks ago he insisted the virus was a hoax. And, weirdly, the media don't pay any attention to his obvious bullshit either.
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LastLiberal in PalmSprings
(12,586 posts)and the Democrats in Congress.
Beartracks
(12,814 posts)Obviously!!
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Mike 03
(16,616 posts)Markets will react badly because they have learned that this approach doesnt work, Axel Merk, chief investment officer of Merk Investments, said. From a medical point of view, you have to break the exponential growth and you do that with shelter in place policies.
Worth the read!
Thekaspervote
(32,767 posts)The Magistrate
(95,247 posts)A variety of shills and shit-heels pretending to economic knowledge often do, and their sycophancy receives some reward, but that is hardly the same thing.....
Bengus81
(6,931 posts)Are you GD insane Trump?? Everyone just needs to IGNORE FatNixon
Brainfodder
(6,423 posts)For the president...
Bengus81
(6,931 posts)Otherwise I'd be all in for a Trump NAZI rally every night.
Brainfodder
(6,423 posts)I'm avoiding all humans outside my circle of 3.
ALL!
Good Luck!
bucolic_frolic
(43,163 posts)because there won't be enough business to restart much of anything until COVID-19 is gone.
pat_k
(9,313 posts)... reopening could bankrupt more businesses down the line than staying closed.
I wouldn't be surprised if this sort of calculus didn't inform Boeing's shutdown of operations. Conditions on the line and number of cases made it clear that continuing operations would kill people -- something Boeing would then be held responsible for.
Why the heck aren't we hearing more about this consequence?
bucolic_frolic
(43,163 posts)And soon there would be food riots.
Wuddles440
(1,123 posts)For once I can say that I actually agree with this steaming pile of fecal matter. The problem is HIM and the cure for humanity is for him to resign immediately!
Yo_Mama_Been_Loggin
(107,986 posts)Bengus81
(6,931 posts)Trump will only have to play his fake ass "I care" BS for another few weeks.