Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

ChoosenWisely

(17 posts)

16. If people dont feel safe then

Reply to denem (Original post)

Sun May 10, 2020, 01:16 PM

May 2020

they wont venture out into public. Our golf courses are open in Michigan yet most of the seniors (people over 65) have
said that they'll wait until they perceive its safe to go out before rejoining the golf league.

Remember, personal spending by the consumer accounts for 60-70% of our GDP.

I expect a small upturn in business, then a long slow recovery. Taxes will need to go up because all the corporate bailouts added a few trillion $$ to the budget deficit.

Who do you think should pay for the corporate bailouts?

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

18 replies

= new reply since forum marked as read

Highlight:

Fed's Kashkari throws cold water on White House optimism about a 'snapback' economic recovery [View all] denem May 2020 OP

Kashkari knows of what he speaks. Wellstone ruled May 2020 #1

The west wing in the White House is probably infected. We will hear of more soon. katmondoo May 2020 #2

Well, I will use a quote Scarsdale May 2020 #11

That is still only half an answer genxlib May 2020 #3

How Did Item 3) Respond Following The 1918 Spanish flu DallasNE May 2020 #7

I like your point three, because it seems to me that the entire leisure PatrickforO May 2020 #8

I can't even imagine how Disney can function under social distancing rules genxlib May 2020 #17

Very insightful and astute observations Pluvious May 2020 #9

How? Well, first Scarsdale May 2020 #12

Sounds like a good start, Scarsdale, thanks. n/t Pluvious May 2020 #13

I trust that you... Wuddles440 May 2020 #14

Oops! Yes Scarsdale May 2020 #15

They can open all they want and spread the virus at large... Lock him up. May 2020 #4

I will participate much less in the economy pwb May 2020 #5

LOL. A 'snapback recovery?' Is that like a wedgie, I wonder? n/t PatrickforO May 2020 #6

Few businesses will open until they see success of others bucolic_frolic May 2020 #10

If people dont feel safe then ChoosenWisely May 2020 #16

Well, the Trump Administration has been wrong about everything else, so why would they AtheistCrusader May 2020 #18