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MP4VT2004

Joined: 09/09/2007 Posts: 16646
Likes: 13850

What's this?

The economy has already been destroyed, IMO. It just hasn't...


...set in fully yet. I think the next 1-2 years are going to be really, really ugly. And I'm not saying that the measures taken so far weren't warranted...at this point I think everyone needs to focus on preventing the spread as much as possible and get things stabilized as quickly as possible...and we'll deal with the economic impact later.

Having said that, this virus isn't going away any time soon, and I'm curious when it will be deemed "safe" to begin operating under normal procedures. When will concerts and sports contests be allowed again? 3 months? 6 months? How will folks who can't work remotely make ends meet if they can't earn a paycheck for months at a time? The impacts of that will be huge, and will last much longer than the virus outbreak. Many families won't have any money for discretionary spending when they can barely pay their bills, which is going to crush a large sector of the economy.

I fear that this is going to drag out for a long time, and I'm concerned we may see the worst economic downtown many of us have ever experienced.

(In response to this post by Vienna_Hokie)

Posted: 03/15/2020 at 3:06PM


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Current Thread:
 
  As an example of how this is affecting common business... -- Chris Coleman  03/15/2020 2:41PM
  And what happens when that place tells workers to stay at home -- VAHokie89 03/15/2020 6:59PM
  Provisions in the house bill can crush small businesses... ** -- ColoVT82 03/15/2020 5:05PM
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  What is it? We want to hear. ** -- HokieSignGuy 03/15/2020 9:12PM
  Just call UBER- there no regulations on those people ** -- bigbadbird 03/15/2020 3:53PM
  This thread is an example of why we can't find TP in stores ** -- Vienna_Hokie 03/15/2020 3:44PM
  Do you really think America is going to be locked down? -- Vienna_Hokie 03/15/2020 2:57PM
  Partially, at least. -- Chris Coleman  03/15/2020 3:25PM
  Locked down means essential services staying active -- bulab 03/15/2020 3:20PM
  63 dead is not a plague ** -- HOKIEVET 03/15/2020 3:25PM
  Italy now has 2K dead and counting (Italy is about the same area as Az) ** -- JoesterVT 03/15/2020 4:02PM
  What may "plague" us most is in the aftermath of COVID-19 -- PhotoHokieNC 03/15/2020 3:27PM
  And yet 20k have died of the flu this season and that isn't a plague ** -- Vienna_Hokie 03/15/2020 3:27PM
  It's the growth rate, not the absolute number -- bulab 03/15/2020 3:26PM
  Another concern is the ~20% hospitalization rate.... -- Freddyburg Hokie 03/15/2020 4:15PM
  Why are flu deaths considered less serious than C-19 deaths? ** -- PhotoHokieNC 03/15/2020 3:33PM
  Flu is a "mature" illness--been around forever -- bulab 03/15/2020 3:50PM
  Um...coronaviruses have been around since the 60s... -- vthokieq 03/15/2020 4:00PM
  Yes, coronaviruses have... but as you said, not this one -- bulab 03/15/2020 4:13PM
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  Because of the unknown...and no cure/solution. -- vthokieq 03/15/2020 3:47PM
  Individual localities may implement stricter controls then present, but -- Hokie360 03/15/2020 3:16PM
  The economy has already been destroyed, IMO. It just hasn't... -- MP4VT2004 03/15/2020 3:06PM
  This is one of the dumbest posts I've ever read -- Teewinot 03/15/2020 7:53PM
  Ha, OK. We'll agree to disagree. ** -- MP4VT2004 03/15/2020 8:02PM
  Really? -- hokie77th 03/15/2020 4:09PM
  Yoda, I hope you prepped for this outcome you blithering idiot :) Not what ** -- Rodman6565 03/15/2020 3:23PM
  I bet China is secretly loving this, devastate US & western Europe ** -- Apex-Hokie 03/15/2020 3:13PM
  Bad take ** -- typed by ben 03/15/2020 5:26PM
  No China depends on the us market -- Hokie1992 03/15/2020 4:16PM
  My SO works in the power industry and -- AtlantaHokie 03/15/2020 3:03PM
  My wife is in operations for Dominion as well..... -- Freddyburg Hokie 03/15/2020 4:16PM
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  "unless we're talking about a plague" is an interesting line... -- JoesterVT 03/15/2020 3:02PM
  Not one medical professional I've talked to believes that -- Vienna_Hokie 03/15/2020 3:15PM
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  Have you read any of the first hand accounts of Italian doctors? ** -- JoesterVT 03/15/2020 3:17PM
  I think you should have saved the " " for the word experts. ** -- thankbud 03/15/2020 3:12PM
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  He'd rather overreact than underreact -- 48zip 03/15/2020 4:41PM
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