In Open Letter, 32 Prominent Economists Say Saving Lives Would Save The Economy....

[guillaumeb]

In Open Letter, 32 Prominent Economists Say Saving Lives Would Save The Economy Trump Is Trying to Reopen

From the article:

Now, 32 prominent economists, including Henry Paulson, Treasury secretary under George W. Bush; Timothy Geithner, Treasury secretary under Barack Obama; and Janet Yellen, former chair of the Federal Reserve, say in an open letter that saving lives would save the economy the president is trying to restore.

“Our paramount concern at this moment should be to slow the spread of this virus and equip our health care system to effectively respond,” they write. “Saving lives and saving the economy are not in conflict right now; we will hasten the return to robust economic activity by taking steps to stem the spread of the virus and save lives.”

https://www.politicususa.com/2020/03/25/in-open-letter-32-prominent-economists-say-saving-lives-would-save-the-economy-trump-is-trying-to-reopen.html

[Blue_true]

1. Trump is concerned about his political fortunes.

Doing the right thing will likely have the economy shut down into October.

My belief? Trump and republican governors make the problem, including the economy, worse by opening up too fast. We are going to have a shitstorm for Biden to fix.

[guillaumeb]

2. And assuming that Biden becomes the President,

the GOP will insist that Biden work on what they will call the unsustainable deficit.