If Biden wins, we may as well get in line for unemployment right now, because it’s going to be a very long line:
http://dailytorch.com/2020/08/if-biden-wins-we-may-as-well-get-in-line-for-unemployment-right-now-because-its-going-to-be-a-very-long-line/
Former Vice President Joe Biden is telling ABC News’ David Muir that if elected President in November, he is prepared to shut down the U.S. economy again to deal with the Chinese coronavirus: “I would shut it down, I would listen to the scientists.” Biden explained, “I would be prepared to do whatever it takes to save lives because we cannot get the country moving until we control the virus. In order to keep the country running and moving and the economy growing and people employed, you have to fix the virus, you have to deal with the virus.” Apparently, Biden’s plan is to hold the country hostage until there is a vaccine, even though there has never been an effective vaccine for coronavirus. There are several candidate vaccines in development, but there is no assurance they will work. Yet, Biden has already decided there can be no economic growth or jobs unless and until the virus goes away. The reality is that the virus may never go away, and the vaccine might not work. In the meantime, health experts are not recommending another shutdown, including Dr. Anthony Fauci, who says that with other mitigation, “You don’t have to lock down again…” And we’ve already seen what more lockdowns will do. When the U.S. economy shut down amid state-based lockdowns in the spring, 25 million jobs were lost as labor markets bottomed in April, and the Gross Domestic Product contracted a record 32.9 percent annualized in the second quarter. Since then, 10.1 million jobs have been recovered the past three months, according to the Bureau of Labor Statistics’ household survey, with millions more expected in August and the third quarter is projected to be double-digit growth as President Donald Trump and state governors have been moving forward with plans to safely reopen the economy and virus cases have stabilized. Can the economy survive another lockdown?
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