The Partisan Divide on Issues

[David Horn]

(04-22-2020, 11:24 AM)Classic-Xer Wrote: In case you aren't aware, we have a compound crisis that's going on right now. I think we are all aware that COVID19 exists and the threat that it represents to the lives of some people. The liberals seem to be stuck on the COVID19 crisis and not paying as much attention to the growing economic related crisis that's going to financially cripple some states and cause all kinds of problems. Personally, I don't care if you go to your graves with your blindfolds on and blame us with your final breaths.

The economic crisis will be with us regardless of the choices we make. If we hunker down and ride out the viral attack, the economy will shrink, many businesses will fail and the recovery will be long and hard. If, on the other hand, we decide to open the economy and the viral attack returns with a vengeance (see the Spanish Flu in the fall of 1918), we'll have to retrench and start over and the economy will be devastated as well. The economic trick isn't how the virus is addressed; its how the government props-up the economy with massive infusions of money … or it doesn't.

Mitch McConnell is already kvetching about the borrowed money, now that the business community is funded to his satisfaction. He misses the point. Propping up the business half of the economy accomplishes nothing if the consumer half is devastated. Consumers can't consume if they're flat broke. So regardless of the open/close decision, keeping the money coming is a must.