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The virus is certain to push the US and many other economies into recession, which becomes self-sustaining. After the health crisis has passed, we will be left
by millstone 7y ago
The virus is certain to push the US and many other economies into recession, which becomes self-sustaining. After the health crisis has passed, we will be left with this economic crisis.
Monetary policy is maxed already, so we will need fiscal stimulus. This will be the opportunity to invest in green infrastructure. We will need the government to step up and provide jobs and spending, and it should direct both with wisdom to prepare for the climate challenge.
- Aloha 7y agoThe economy is pretty easy to restart with cash injections as you mentioned with infrastructure projects - be it trump or biden, one of them will do it.
- riffic 7y agoGentle reminder that the Democratic National Convention in Milwaukee is slightly less than 4 months away, and Biden is not the nominee yet.
- Aloha 7y agoThe math currently does not work in Sanders Favor
- ethagnawl 7y ago_Anything_ could happen between now and the convention/election. Surprisingly, I haven't seen this mentioned explicitly, but all of the remaining (major) candidates are squarely in the Covid-19 "danger zone". Some are known to have complicating health factors and there's a non-zero possibility that others do (despite what their doctors' notes say), which _doubles_ the risk.
- deleted 7y ago[deleted]
- Mountain_Skies 7y agoThere may also be spending on bootstrapping a return of industries that had been moved overseas that we now know are a huge risk to not have at home.
- Aloha 7y agoLike?
- scottmotte 7y agoGeneric drugs [1] [1] https://energycommerce.house.gov/sites/democrats.energycommerce.house.gov/files/documents/Testimony-Gibson-API_103019.pdf https://energycommerce.house.gov/sites/democrats.energycomme...
- Mountain_Skies 7y agoMany things but most obvious now would be drugs and drug compounds. China being able to refuse to sell us drugs is a national security issue. We didn't learn from the oil embargo of the 70s apparently.