U.S.—Unemployment has skyrocketed, with 10 million filing for unemployment in the past two weeks. Stocks have plummeted. Growth is expected to be negative with a recession looming. While there could be many reasons for this, economists all agree on one factor that most likely contributed: the pandemic that has forced everyone to stay home and thousands of businesses to close.
A new study has confirmed their findings, suggesting that there may be a link between the government shutting down the economy and everybody losing their jobs.
“We can’t discount the actions of President Trump fumbling the great economy he was handed by Obama,” said economist Brent Paul. “And many point out this could be from a fatal flaw of capitalism. I mean, if capitalism is so good, then why are bad things happening? Also, it’s possible the complete shutdown of the economy due to the pandemic could be contributing as well.”
“We also can’t discount monetary policy,” added economist Christine Howard. “And Trump’s reckless tweeting can affect some businesses. Also, the way the government has forced everyone to stay home and not work is likely to affect profits.”
Nobel Prize-winning economist Paul Krugman was more skeptical. “This really just seems like something that’s all Trump’s fault,” he said. “I don’t get all this blame-shifting. Still, I guess theoretically — theoretically — a pandemic grinding all the nation’s business to a halt could have some negative economic effects.”
Economists aren’t sure what could turn the economy around, though most think it would probably have to do with not having a pandemic.
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Economist is experimenting on a frog.
Economist puts frog on starting line and fires a starters pistol.
Frog jumps 4 feet.
Economist cuts off one leg.
Economist puts frog on starting line and fires a starters pistol.
Frog jumps 3 feet.
Economist cuts off one leg.
Economist puts frog on starting line and fires a starters pistol.
Frog jumps 2 feet.
Economist cuts off one leg.
Economist puts frog on starting line and fires a starters pistol.
Frog jumps 1 foot.
Economist cuts off last remaining leg.
Economist puts frog on starting line and fires a starters pistol.
Frog jumps 0 feet.
Economist concludes frog is deaf.
not much of a pandemic.
Goddammit, it’s the only pandemic we got! We have to make the most of it, cuz otherwise Drumpf might get another term, and the time is right to maximize fear so we can force full-blown Socialism. Besides, America already had the extreme degeneracy of Weimar Germany, so what else is there to do but hype the flu and make the money-printer go “brrrrrrrrr”.
” it’s the only pandemic we got!”
(laughing)
well I’m sure they have others all lined up and ready to go ….
What if the Democrat-Republican infighting is just a show? They would be making the most of it for sure.
But shutting down the government could lead to prosperity, freedom, liberty, and so, so, so much more!!!!!
“shutting down the government could lead to … freedom, liberty”
yes. for everybody. not just you and your own friends and your own business interests. for everybody.
everybody.
got ammo?
(so do they)