Sunday on New York AM 970 radio’s “The Cats Roundtable,” economist Stephen Moore weighed in on the potential impact of the coronavirus to the United States economy.
Moore warned the nation could be “facing a potential Great Depression scenario” if the United States stays on lockdown much past the beginning of May, as well as an additional amount of deaths caused by the raised unemployment rate.
“[A]t some point soon, we’re going to have to make some real decisions about what kind of a calamity we are causing through this lockdown of our economy,” Moore told host John Catsimatidis. “I’m not saying we shouldn’t be inattentive to the public health concern — we should. … But at some point, we have to worry about what we’re doing to our society, and what kind of economy we’re going to have after this is all over.”
Climate deadlines collide with politics as Dem-led states chase Big Oil in court but spare local refiners
Dem lawmaker sets litmus test for party with 5th Trump impeachment effort
Touchdown: Trump’s New Jersey Generals jacket auctioned for $18,658
Decamillionaires in Congress make taxpayers pay for their lodging and lunches
House members react to indictment of Florida Democrat: ‘Most egregious abuses of public trust’
Shapiro responds to illegal immigrant trucker fiasco – says driver was in fed database first
Trump labels 6 Democrats who told troops to refuse unlawful orders ‘traitors’ who should be arrested
Another One: Man Accused of Setting Woman on Fire on Chicago Train Has 49 Previous Arrests, 10 Felonies
Shock Video: Adult Inexplicably Orders Child, 9, to Move Car – Neighbor’s Cam Caught Chaos That Followed
Biden’s Legacy: Illegal Driving 18-Wheeler Allegedly Killed National Guardsman, 23, in Another Needless Wreck
Holiday crime fears grow as ‘jugging’ thieves target shoppers carrying cash and gifts: ‘Only a matter of time’
It Was an Invasion – Huge Swaths of Students Missing From Classrooms as ICE Begins Enforcing Law in Charlotte, NC
Republicans facing ‘worst-case scenario’ in redistricting war as midterm elections near
Democrat indicted for alleged theft of disaster relief funds and more top headlines
Trump secures release of American trapped in Saudi Arabia for years over online posts
He went on to suggest President Donald Trump and governors across the country should get the economy “up and running for the good of our country” by coming up with “smart policies.”
“If we go much past May 1st, we are facing a potential Great Depression scenario,” Moore added after agreeing with Catsimatidis that the economy needs to be started back in the next 30 days.
Story cited here.
