2020 Economic Adjustment: How Severe?

These are the facts from the Great Depression: The significant column is the percentage of the workforce unemployed.The reported estimate made before the latest mandatory workforce closures was that in this case unemployment might reach 20%. Since the current non-agriculture workforce today is 150,000,000 or so that would mean 30,000,000 unemployed.Of course, there was an option available in 1941 that might not be practical today but was proven to turn a Depression into the longest, strongest prosperity cycle ever seen.

Worry not Phat. Our brilliant Lt Gov wants to end social separation and let everybody just get back to work. So does il Donaldo. So within a week or so you will be back surrounded by happy smiling carriers all day.They say that Mary was a great cook and in demand. She had absolutely no problem finding her next position after tragically losing the last ones.

Fortunately those nations like Japan and Singapore and South Korea and China that took total testing and draconian measures early will most likely also see the quickest and most robust rebound in their economies. Also international corporations with manufacturing capabilities in China, Japan, Singapore and South Korea will likely see a turn around and improvement quicker than those whose manufacturing base is in the EU or the US.

A house, a car, and new things like a refrigerator instead of an ice box and an electric range and dish washers and TV and washer/dryers.

And again, that is totally up to you and the other US citizens. You get what you want. If you support a government that has empathy for the least of these then your retirement would be secure. If you support a government that says "let the old die if they have not prepared to take care of themselves" then yes, it will be out with the poor old and in with the new rich.There is a reason that concierge health services and food services and private planes are doing very well during this period.The rich are important and favored by God.AbE:Here is a relevant recent article that may help explain the reality of the current situation.‘White-Collar Quarantine’ Over Virus Spotlights Class Divide - The New York TimesAbE2:Here is part of the back story regarding pandemic preparedness.The U.S. Tried to Build a New Fleet of Ventilators. The Mission Failed. - The New York TimesEdited by jar, : see AbEEdited by jar, : AbE2

The bill will get paid. How much people get hurt depends directly on how they decide during the upcoming elections. It's not a matter of creating money, it is a matter of how money will be allocated and used.So far ALL of the evidence is that we have decided to make the rich richer, to enrich those who own the oil companies and screw the workers, to reduce wages for the average person and grant tax releif to those earning over a million dollars a year.It really is that simple Phat. We will get the world we decide to build.

And what if any connection to reality is there in that statement?Money is simply not an issue; the distribution of money is an issue. How wealth gets distributed is a political issue.If US citizens elect representatives at all levels that will work toward redressing the wealth distribution in the US then there needs to be little or no pain.If US citizens elect representatives at all levels that will not work toward redressing the wealth distribution in the US then there will be massive pain for those not among the "elect".It's totally up to you and other American citizens to decide just how painful you wish things to get.

Kinda, sorta. The man is brilliant. We have a massive UV light generator that is freely available to everyone. It's super reliable and available worldwide. But when Governors tell folk to go ahead and swim and enjoy the UV generator he can say, "Sorry, you move too fast and did not follow the guidelines so all the damage will be YOUR fault."And as he says. "It might work. It might not work"Edited by jar, : to ---------> too