Current Events > Fed calls for a six-week economic shutdown to defeat the coronavirus

(+) Yeah! (+)

https://www.cnbc.com/2020/08/08/feds-kashkari-advocates-six-week-economic-lockdown-to-defeat-the-coronavirus.html

The U.S. economy needs an even more stringent shutdown than the last time if its going to defeat the coronavirus, Minneapolis Federal Reserve President Neel Kashkari said. In a Friday New York Times op-ed he authored with Michael T. Osterholm, a professor and director of the Center for Infectious Disease Research and Policy at the University of Minnesota, Kashkari argues that the government should issue a shelter-in-place order for everyone but the truly essential workers for up to six weeks.

Marchs lockdown, issued as the coronavirus became a pandemic, was not sufficiently stringent and has led to the U.S. lagging other stricter nations when it has come to containing Covid-19, they said. The result could make what we have experienced so far seem like just a warm-up to a greater catastrophe. To be effective, the lockdown has to be as comprehensive and strict as possible, Kashkari and Osterholm wrote. If we arent willing to take this action, millions more cases with many more deaths are likely before a vaccine might be available. In addition, the economic recovery will be much slower, with far more business failures and high unemployment for the next year or two. During the initial lockdown, the shuttering of American businesses led to the loss of at least 20 million jobs, only about half of which have been recovered during the restart. Congress stepped in with rescue funding that has swelled the national debt by $3 trillion to $26.5 trillion, and Kashkaris Fed also has expanded its balance sheet by nearly $3 trillion by lending and providing liquidity through various vehicles.

Lmao if Congress can't even pass $1,200 stimulus we aint getting shit if a 6 week lockdown were to happen. Best hope you can work from home or have an essential job are you are fucked.

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The people who didn't listen the first time won't listen this time unless we somehow force them to.
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Lol at anyone who thinks this capitalist hell country will ever address a crisis in any way besides bailing out rich people

If we did it correctly in March, we'd be good

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Holy shit, this country's response to this virus is just asinine.

We need to stop leaving every fucking thing up to each individual state to decide and handle it all together at once.

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CableZL posted...

Holy shit, this country's response to this virus is just asinine.

We need to stop leaving every fucking thing up to each individual state to decide and handle it all together at once.

Agreed but we have two political aisles and its an election year. So we are kinda fucked until after November and even then it possible the election gets called into question. Which would be terrible given the winter is when there is probably gonna be that second wave.

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Nah not without at least more stimulus.

Pure idiocy everywhere

Victoria, Australia is in the middle of a 6 week stage 4 lockdown (only leave once a day for food or medical care, masks mandatory, work from home or don't work at all unless you're an essential worker) as they were getting 400-600 cases a day (population 6.359mil)

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If only we had done that in the first place. America's response to the coronavirus is going to be used in history books as an example of what not to do

Nobody reads legitimate history books, and the bullshit kids learn in school is set based on what Texas finds acceptable so I wouldn't count on it

We need Pelosi/Trump Bucks for this to be a reality.

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TreyFlowers posted...

Victoria, Australia is in the middle of a 6 week stage 4 lockdown (only leave once a day for food or medical care, masks mandatory, work from home or don't work at all unless you're an essential worker) as they were getting 400-600 cases a day (population 6.359mil)

Meanwhile in Missouri we are getting over a k cases a day, also 6 million people and we dont even have a statewide mask requirements. We have social distancing recommendations.

Basically as a country weve all decided to die

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GentlemanGamer posted...

Lol at anyone who thinks this capitalist hell country will ever address a crisis in any way besides bailing out rich people

Bailing out rich people doesn't qualify as capitalism.

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GallisOTK posted...

The people who didn't listen the first time won't listen this time unless we somehow force them to.

1NfamousACE_2 posted...

If we did it correctly in March, we'd be good

Axiom posted...

If only we had done that in the first place. America's response to the coronavirus is going to be used in history books as an example of what not to do

^ ALL THIS.
I remember back in March we went into a lockdown and all we had to do was stay indoors (or in some others cases, wear a mask and do social distancing) for a few weeks and we would have been good.
What happens?

Two weeks... TWO mother fucking weeks into quarantine, people are bitching and complaining and protesting about being locked down.... many over political reasons... which then causes a domino effect of shit show after shit show to happen.
And because it's a fucking election year, BOTH of the main political sides (and I am placing TONS of blame on BOTH sides) are playing a pissing contest with each other while people get sick and some are even dying.
What the flying fuck!!!

Even from a financial standpoint, I eventually got unemployment (TONS of extra money with it) a $1,200 stimulus check, and there are tons of ways to get financial assistance if one has a business or needs a little extra help.
But no, some people couldn't stand being in doors for more than two mother fucking weeks and decided to fuck everything up in multiple ways for everyone else (even resulting in others losing their unemployment as they were prematurely forced back to work in the middle of a fucking pandemic).

This coronavirus problem is a MEDICAL issue, this never should have been turned into a political issue. Because it got turned into a political issue, that's why this virus that should have vanished (or at least permanently flattened hard enough to the point of being irrelevant and rare) by the end of May is currently out of control and appears that it may get much worse and threatens to make more people sick and kill others.

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onedarksoul posted...

Bailing out rich people doesn't qualify as capitalism.

Wrong

GentlemanGamer posted...

Wrong

Can you two settle on corporatism?

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You lost your job during the shutdown and you just now got a new job....well its time for another shutdown!

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Webbernet posted...

Meanwhile in Missouri we are getting over a k cases a day, also 6 million people and we dont even have a statewide mask requirements. We have social distancing recommendations.

Basically as a country weve all decided to die

Yes, in Tennessee, even places that have posted "mask required" maybe half of the people wearing masks. Businesses not requiring it maybe a fourth.

I've never ordered so much shit online in such a short period of time in my life.

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iPhone_7 posted...

You lost your job during the shutdown and you just now got a new job....well its time for another shutdown!

Maybe we should have just done one proper shutdown like every other country?
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Neel Kashkari is a troll, his opinion makes as much sense as his run for California governor.

New Zealand has had an excellent response to this plague upon humanity, look to them for a solution.
#864511320
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mrgoatthief posted...

Would have potentially worked back in March. Not going to happen now

Not without Martial Law.

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Mfw our lives could be back to normal if not for dipshit GOP

DP3 posted...

Mfw our lives could be back to normal if not for dipshit GOP

The Democrats counter-proposal was literally exactly the same except to give people slightly more money. The problem is politicians only serve the rich, and the rich want us to ignore the virus and get back to making them money.

GentlemanGamer posted...

The Democrats counter-proposal was literally exactly the same except to give people slightly more money. The problem is politicians only serve the rich, and the rich want us to ignore the virus and get back to making them money.

Meanwhile the Republicans wanted $0 for USPS and billions for a new FBI building. And waited over 2 months to even begin negotiations.

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Unfortunately this won't happen and even if it did it wouldn't matter. People didn't listen last time and won't listen this time. FFS people can't even wear a mask without bitching and crying about it.

This country spent way too much time and effort saying it was a fake virus, saying things like "but the flu!" and shit, and shifting blame around instead of actually taking any meaningful action to combat it.

Saddest part of all is because of the rampant stupidity everyone is paying for it and more are going to pay for it in the coming months.

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GentlemanGamer posted...

The Democrats counter-proposal was literally exactly the same except to give people slightly more money. The problem is politicians only serve the rich, and the rich want us to ignore the virus and get back to making them money.

Democrats were completely fine with shutting down for as long as necessary. Five states (all GOP governors) never shut down, and states like Florida/Arizona/Texas/Georgia (all GOP governors) shut down too late and reopened too early.

GentlemanGamer is a joke account fyi

CableZL posted...

Meanwhile the Republicans wanted $0 for USPS and billions for a new FBI building. And waited over 2 months to even begin negotiations.

congress hates usps since they stood up for themselves 50 years ago

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Oops i meant this link in #33
https://www.latimes.com/nation/politics/politicsnow/la-pn-jerry-brown-neel-kashkari-governor-debate-changed-little-20140905-story.html

Neel must not like T, because it's 1) too late to go back in time 2) doing that now doesn't stop all the Americans who are offshore and might come back 3) "lol. Facemasks are Naziism. You can't make me quarantine."
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Webmaster4531 posted...

Maybe we should have just done one proper shutdown like every other country?

But we didnt, so now what? Too bad to those people?

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I have no faith in America to follow easy directions.

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iPhone_7 posted...

But we didnt, so now what? Too bad to those people?

Add a firing moratorium with the shutdown.
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Frosted_Midna posted...

I have no faith in America to follow easy directions.

Unfortunately me also.
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Frosted_Midna posted...

I have no faith in America to follow easy directions.

I have faith in them to do the exact opposite

People wont listen, these are the same morons who though 5g towers caused all this

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OmegaPillow posted...

People wont listen, these are the same morons who though 5g towers caused all this

People that dumb shouldn't be allowed to leave their homes to begin with.

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GallisOTK posted...

The people who didn't listen the first time won't listen this time unless we somehow force them to.

this.we harmed our business, perhaps irreparably and wounded our economy, and fucking Karen still couldnt refrain from walking her dog and going to her stupid book club meetings. Fucking Kevin couldnt stop walking into stores without masks and yelling IM FEELING THREATENED! THREATEN ME AGAIN to try to justify shooting old men calling him out. Fucking Becky and Chad couldnt stop going on spring break and to massive parties, some even dubbed corona parties, and all of them met happily for BBQ and refused to wear a face mask anywhere because MUH FREEDOM.

were too stupid And selfish (as a nation) to follow a shutdown properly

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Impossible. People are out en masse not wearing masks. They just don't care.

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1NfamousACE_2 posted...

If we did it correctly in March, we'd be good

I highly doubt that. We're taking more precautions then ever now but cases are still rising. A vaccine is and was the only possible and realistic solution.

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MelbuFrahma4 posted...

a shelter-in-place order for everyone but the truly essential workers for up to six weeks.

Define that.

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Prismsblade posted...

I highly doubt that. We're taking more precautions then ever now but cases are still rising. A vaccine is and was the only possible and realistic solution.

No we are not. More and more idiots are being idiots now than ever before.

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I don't know how you can say we're taking more precautions than ever when we're about to open up schools and colleges across the country

Perfectinsanity posted...

Define that.

I assume it would mean what it usually does; places you can get food (excluding restaurants except take out and bars entirely) /or medical supplies and medical care.

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DarthAragorn posted...

I don't know how you can say we're taking more precautions than ever when we're about to open up schools and colleges across the country

Especially schools. Some of the grade schools in Georgia are fucked up right now with a bit over 1,000 kids and teachers being quarantined very recently and it's only been two weeks of school over there so far in the districts that already opened. It will get much worse before August ends.

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TomNook20 posted...

Impossible. People are out en masse not wearing masks. They just don't care.

That's the main problem, they just don't give a damn.

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Oliver_Oliver posted...

^ ALL THIS.
I remember back in March we went into a lockdown and all we had to do was stay indoors (or in some others cases, wear a mask and do social distancing) for a few weeks and we would have been good.
What happens?

Two weeks... TWO mother fucking weeks into quarantine, people are bitching and complaining and protesting about being locked down.... many over political reasons... which then causes a domino effect of shit show after shit show to happen.
And because it's a fucking election year, BOTH of the main political sides (and I am placing TONS of blame on BOTH sides) are playing a pissing contest with each other while people get sick and some are even dying.
What the flying fuck!!!

Even from a financial standpoint, I eventually got unemployment (TONS of extra money with it) a $1,200 stimulus check, and there are tons of ways to get financial assistance if one has a business or needs a little extra help.
But no, some people couldn't stand being in doors for more than two mother fucking weeks and decided to fuck everything up in multiple ways for everyone else (even resulting in others losing their unemployment as they were prematurely forced back to work in the middle of a fucking pandemic).

This coronavirus problem is a MEDICAL issue, this never should have been turned into a political issue. Because it got turned into a political issue, that's why this virus that should have vanished (or at least permanently flattened hard enough to the point of being irrelevant and rare) by the end of May is currently out of control and appears that it may get much worse and threatens to make more people sick and kill others.

^All this.
Also, I agree that this virus fiasco should have never been turned into a political issue, it's a damn medical issue, but it got turned into a political issue and we are all now in danger because of this.

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