General Discussion
Showing Original Post only (View all)The people have not yet felt the full impact of the crisis in our economy. [View all]
It is now over 42 million people that have lost their jobs and filed for unemployment. Some of them probably had a little savings and a 401K plan. Some are getting their unemployment, plus the $600 per week stimulus for the unemployed. These folks have likely not felt a lot of pain thus far.
I'm sure that there are many that are having some difficulty getting their unemployment checks. They have been held up, or delayed for some reason, or outright denied? These folks are the ones we are likely to see in the food lines.
But the $600 per week stimulus is scheduled to end in July. People will then go back to work or they may not have a job to return to. That is when the economics of this depression will begin to be felt, in my opinion.
But, this is not the only crisis that we have to worry about. People are still dying by the thousands from the COVID-19. Hopefully, the summer will be hot and dry enough to dry up most of the virus? (If indeed the weather has any impact on the virus) It is still an unknown, whether or not we may get another huge surge, like that in NYC.
If that were all, that would be enough to challenge any society. But we have another crisis, also. We have a crisis in leadership, just as Leon Panetta, former Defense Secretary, warned on the Andrea Mitchell television show earlier today.
Of all the crises, the lack of leadership may be the most critical. America has no leadership coming from this White House. That is the reality we are burdened with.