Mnuchin Says U.S. Can't Shut Economy Even If Virus Resurges

[TexasTowelie]

Treasury Secretary Steven Mnuchin said the U.S. shouldn’t shut down the economy again even if there is another surge in coronavirus cases.

“We’ve learned that if you shut down the economy, you’re gonna create more damage -- medical problems that get put on hold,” Mnuchin said Thursday on CNBC. “We can’t shut down the economy again.”

Mnuchin added that he believes President Donald Trump made the right decision to urge states to ease social distancing rules that have crippled the U.S. economy. He said that in the event of a resurgence, it will not be necessary to impose restrictions again because Covid-19 testing and contract tracing are improving and officials understand more about how to contain outbreaks.

U.S. stocks tumbled the most in almost six weeks Thursday morning as evidence mounted that a second wave of coronavirus cases was coming. More than 2 million people in the U.S. have been infected so far.

Read more: https://www.bloomberg.com/news/articles/2020-06-11/mnuchin-says-u-s-can-t-shut-economy-even-if-virus-resurges

[LizBeth]

1. We do not need the gov to do it. People will. There are way more of us. Old people that won't go

out and young people that will be responsible.

[sweetloukillbot]

3. Because they've done so well at being responsible so far... nt

[LizBeth]

8. This protest is an outlier, took residence but also in awareness wearing the masks, whether it helps

or not. But, this is larger at the moment. I stay in.

As do lots.

I work in the hotel industry in a tourist area and people are not traveling and I am not being called back in and we still have two out of three hotels shut down. For many, the nation is not opening yet.

[grumpyduck]

2. Mnuchin can go fuck himself.

[Newest Reality]

4. Don't worry Munchkin...

With the reckless abandon, lies, diversions, suppression of the truth, etc., you guys are losing the narrative here.

The economy will shut itself down thanks to all that negligence so far and the Governors, (who will be deciding) won't have any other choice but to do so. We are in for something people in this generation have never seen before due to the horrendous job of putting a re-election campaign for a regime over everything else.

Go munch on Orange Daddy's big butt, Munchkin. The Lolly Pop League has disbarred you.

[gratuitous]

5. Some of you need to get sick and die

The fatcats can't stand another low-earnings quarter. Don't you proles have any appreciation for the humiliation attendant to taking a second-tier luxury item instead of the best? Are your life and health so precious to you that you can stand to see one of the Masters of the Universe wearing gold instead of platinum cufflinks? What kind of monsters are you?!

[BruceWane]

6. Secretary of Idiocy

“We’ve learned that if you shut down the economy, you’re gonna create more damage -- medical problems that get put on hold,” Mnuchin said Thursday on CNBC. “We can’t shut down the economy again.”

Does not grasp the concept that other medical problems get put on hold because people avoid hospitals due to virus fears.

But I guess "Secretary of Idiocy" applies to the entire cabinet, so a more accurate title would be "Secretary of Economic Idiocy".

[duforsure]

7. The American people can

If they feel it's too dangerous with a active pandemic still killing people and they're saying now even recovered people may face serious health issues for the rest of their lives from it.screw him and trump, we know how little they care about people.

[stopbush]

9. Their entire concern is creating excuses so they do not need to provide financial

assistance to the tens of millions of Americans who have been put out of work due entirely to tRump’s incompetence. Every billion/trillion dollars they appropriate confirms the ineptitude of tRump and the R Party. They are betting on ignoring reality, labeling the unemployed as “lazy freeloaders” and continuing their willful blackout on current info on the virus.

They are banking on enough Americans taking an “out of sight, out of mind” approach to win the election for Rs. “Rs give me hope. Ds are all doom and gloom.”

[uponit7771]

10. +1, they're incredibly stupid cause this will come to bite them come Nov. If Trump gets close its a

... stolen election

[Miguelito Loveless]

11. What part of "sick and dead people do not buy consumer goods" do you not fathom?

Though they will run up a Hell of a medical bill they can't pay.

[SWBTATTReg]

12. Markets obviously don't believe you Mnuchin...they are down down down!! This admin. lacks any ...

credibility. No one believes you or rump in anything you say...

[OrlandoDem2]

13. People need to stay home! This thing is increasing across the nation.

Yes. We are testing more but we’ve been testing more for 5 weeks. And now it’s spiking in different parts of the country.

The other day CNN reported the R factor in FL is 1.07. Anything over 1.0 leads to exponential growth.

[Eid Ma Clack Shaw]

14. That's because a terrible second wave means a big Trump win on a low turnout

His cult would walk through a fucking mushroom cloud, a tornado and an Ebola scattering storm to vote for him, even if he admitted that he caused them all.

[Yo_Mama_Been_Loggin]

15. If the virus resurges it will shut the economy down

Plus a lot more will be dead.

[Vinca]

16. Time to invest in coffins I guess. Surely there's a Trump Coffin Co. out there by now.