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.”
Breaking: Oil Plummets After Trump Announces Iran Ceasefire
Abortion pill mifepristone stays available by mail for now as FDA faces 6-month review deadline
Pope Leo calls out Trump’s Iran rhetoric before last-minute ceasefire emerges
Liberals tighten grip on battleground state Supreme Court in low-key but high-stakes election
American couple chasing retirement dream in Bahamas boating mystery were ‘inexperienced’: Friend
Swalwell campaign rejects ‘outrageous’ allegations of sexual misconduct as Dem activists issue viral warning
Watch: The Country Would ‘Come Unglued’ – Tim Burchett Reveals Alien Life Briefing He Attended 2 Weeks Ago
Texas man tackled by church security after bringing loaded gun, ammo to Houston service
ESPN Set to Begin Layoffs Due to ‘Unexpected Revenue Dip’: Report
Trump-backed Republican pads GOP’s fragile House majority by winning showdown for MTG’s former seat
Michigan Senate hopeful Abdul El Sayed labels Trump Netanyahu’s ‘dumba**’ over Iran war
UK Bans Kanye West: Rapper’s Presence Not ‘Conducive to the Public Good’
Massive Breaking: Trump Announces Iran Cease-Fire Is Set, Will ‘Hold Off the Destructive Force Being Sent Tonight’ if Iran Honors Terms
Trump agrees to 2-week ceasefire if Iran opens Strait of Hormuz
GOP Congressman Says Soleimani Family Was ‘Dressed Like a Bunch of Hookers’ While Living It Up in US
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.
