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Let's not overreact either. A sensible thing to do is to issue an executive order that protects employment during this time, freezes all kinds of credit payment
by H8crilA 7y ago
Let's not overreact either. A sensible thing to do is to issue an executive order that protects employment during this time, freezes all kinds of credit payments, freezes rent payments. Perhaps the Treasury should guarantee payrolls, too.
- sys_64738 7y agoYou can do the maths: 19m work in retail 13m work in restaurants Add in the logistics businesses to support all these.
- H8crilA 7y agoMy point is this is most likely temporary (on the order of weeks). Guarantee people's financial/employment safety (the measures I've listed), keep them in their homes, back to business when this blows over. This is exactly the kind of stuff governments are supposed to do.
- sys_64738 7y agoBut is it just "weeks". We've no evidence nor precedent to know how long this lock down will last. The problem being that without any vaccine (and mass generation of vaccine and distribution to the population), the virus will continue spreading when those "weeks" are up.
- H8crilA 7y agoThat's a whole other scenario which will have bigger consequences than just a recession.