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.”
Russia begins air campaign targeting Ukrainian energy grid with barrage against Kyiv power plants
Passengers from Flydubai plane arrive in Israel on rescue flight
Trump DOJ investigating Dem group in Texas after viral undercover video sparks massive uproar
Police arrest former ‘violence interrupter’ from taxpayer-funded group for allegedly selling drugs
Explosive sleeper issue could fuel midterm shakeups, top Republican predicts: ‘You’re gonna see surprises’
Florida judge rips into mom accused of leaving 4 children at home to go on 3-day cruise
Ole Miss students’ toxicology reports completed, official says
Watch: Desperate Jake Tapper Begs Ambassador to Plead His Case to Trump and Let CNN Back Into Press Pool, Gets Rejected Live on Air
Police: Man ‘Intentionally’ Drove Into Closed Texas Grocery Store to Use the Restroom
Dem Rep Facing 17 Years in Prison for Assaulting ICE Agent Says She ‘Made the Decision to Get Pregnant’
Hijacking Attempt in Cockpit of Israel-Bound Plane Sends Fighter Jets Scrambling
US announces all forces withdrawn from Iraq after 12-year anti-ISIS mission
Senate hopeful’s ‘treading water’ narrative crumbles under $500K campaign payouts to family
Woke NFL Asks DHS to Remove Hall of Fame Defender from Clip of Agency Vowing to Stop Migrant Caravan
Inside the neighborhood living on the edge of America’s tech frontier
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.
