There are predicting a 20% unemployment rate.

[KWR65]

This could destroy the US & world economy. There isn't a big enough safety net to catch the world in.

[Loki Liesmith]

1. Some are

Also possible that’s high. We shall see.

[still_one]

2. Not necessarily Loki. It depends how long businesses will be shut down. A good number of folks

believe this will be over in a few weeks, and there is nothing to indicate that is what is going to happen, yet alone even a few months

We are in uncharted territory, and while all business will be affected, small business will be devastated

[AlexSFCA]

4. no healthcare professional believe this will be over in a few weeks

[handmade34]

3. only 20%

I see it being higher

[Alacritous Crier]

5. The Trump Depression - nt

[TwilightZone]

6. Munchin said that the US could reach 20% unemployment if nothing was done.

The comment was made as part of trying to get Republicans on board with the spending bill. It's only a prediction in the context of nothing being done.

"Washington (CNN)Treasury Secretary Steven Mnuchin warned Republican senators Tuesday morning that the coronavirus pandemic could drive up US unemployment to 20%, a Republican Senate source told CNN.

Mnuchin's comments came as he urged Republican senators to act on economic stimulus measures totaling $1 trillion designed to avert that kind of worst case scenario."

https://www.democraticunderground.com/10142450036

[Ferrets are Cool]

7. Seems low to me. nt

[duforsure]

8. If they go cheap lifting up the American people first,

It will only make things worse. Checks of $5000 each should be out tomorrow , and not in 2-3 weeks, they need it now, and the longer they take the more jobs will be gone.this payout is needed now , especially to the poor and the elderly. Trump will promise stuff he has no intentions on delivering on. He 's so done now, and so over his head mismanaging this crisis it is really, really scary now. That's GOP , you should have removed him when you had the chance and blew it instead. Trump can forget any chance after this.

[uponit7771]

9. Half of that is horrible