Originally posted by atwaterandstir
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It was one thing to take a cautious approach. Now we have enough information to take a more targeted approach. The virus devastated elderly people and put people with underlying conditions at higher risk. It hit densely populated areas like New York City and New Orleans. At one point 75% of the deaths in NYC came from nursing homes. That’s where we need to take strict measures.
Encourage people with underlying conditions to get tested. Consult carefully with a physician on when and how to minimize risk if returning to work.
We need to get everyone else back to work as soon as possible. The economy is being destroyed. The next domino to fall could be state pension funds (California and Illinois). Tax revenues will be way down which will take a toll. The energy sector is being slammed with oil prices falling off a cliff. Every sector of the economy will take a hit.
We need more sense of urgency to open. We’re going to reach a point where the economy will completely collapse (we might be past that point). The Fed doesn’t have much ammunition left and we can only keep businesses going so long with SBA loans (grants).
Most people taking the hard line on remaining shut down haven’t felt the economic pain. Keep things shut down too long and we’ll see devastation like we haven’t had since the Great Depression.
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