The economic cost of shutting down the US economy

Two weeks ago I wrote a post in which I wondered about the risk and reward of bureaucrats shutting down local economies. From my post:

“In America, you are free to pursue the job of your dreams or start your own business. Imagine the government comes in and demands to shut down your employer or business for public safety. You are now forcibly being robbed of your economic freedoms. Does that not make you some form of an economic slave of the government?

You can’t shut down businesses and expect them to re-open with their regular customers. Those customers have now lost their jobs and will not have any disposable income to spend once the economy is back open for business. That “social distancing” will be long gone when unemployment has reached massive levels.”

Now we’re seeing the economic realities of what happens when you are ordered to stay home. As reported last week: “Jaw-Dropping 10 Million Americans File for Unemployment in Two Weeks.”

I don’t know why anyone would claim that is “jaw-dropping.”

You don’t need a master in economics to believe it was to be expected when businesses are ordered closed and people to shelter in place.

Restaurants are going to be particularly hurt – not just now but also in the future as I anticipate “social distancing” mandates will not go away any time soon. Going out with family and friends to socialize over dinner and drinks is currently a thing of the past.

Last night the owners of Logan’s Roadhouse might have realized the realities of their economic future as they announced they would close 261 restaurants and layoff 18,000 people. From their announcement:

“From the day Logan’s Roadhouse was founded, taking care of our guests and employees has been our top priority. Properly balancing the needs of so many through this COVID-19 crisis has been incredibly challenging for us all. After many long days and nights, we’ve made the difficult decision to temporarily close all corporate restaurants as of March 18, 2020 until further notice.”

Read their whole statement here.

As Deplorable Patriot noted yesterday, we did not shut down our country after 9/11, the swine flu outbreak nor after the attack on Pearl Harbor. We were smart enough to know that the result of shutting down our country would be more devastating than the attacker.

My city is ordered shutdown until the end of April. Another three and a half weeks. And we’ve been shut down since March 16.

There’s got to be a better way, bureaucrats. Because the reality is that the coming economic depression is going to come at a great cost to many of the lives you were trying to save.

DCG

Better than Drudge Report. Check out Whatfinger News, the Internet’s conservative frontpage founded by ex-military!

Please follow and like us:

Share and Enjoy !

0Shares
0 0
 
Subscribe
Notify of
guest
13 Comments
Inline Feedbacks
View all comments
CogitoErgoSumantra
CogitoErgoSumantra
4 months ago

Hmmm, Bernie has pulled out of the race for president… wonder if it was Covid-related? Or the economy? Or if he just sucks? But if the latter were true, why is Biden still running? Why did ANY of the candidates run?

So it must be the Covid economy… I dunno, I can’t understand why anyone anywhere would vote for any of them, or any democrat in congress or government period… except possibly for Manchin. Or the pro-life guy from IL who just lost in the primary; they decided pro-life will no longer be accepted in the democrat party, I guess.

CalGirl
CalGirl
4 months ago

Love your post.

Lana
Lana
4 months ago

Indeed, why have they shut it down? As others have pointed out, there seems to be only one reason; to bring in the next level of their Matrix which includes 5G, mandatory vaccines, papers please, and a collapsed economy forcing more onto gov dependency. The comments in the last few days by Bill Gates , Ezekiel Emmanuel and others of their ilk seem to have them rubbing their palms together on just how much this can be used to bring even more misery and control in. The question is how much of this is Trump on board with and how… Read more »

William
William
4 months ago

It’s impossible to think that the architects of this disaster weren’t fully cognizant of the devastating economic consequences it would produce. Indeed, initiatives, projects, organizations, tend to do exactly what they are designed to do, their mission statements just window dressing. In this case the window dressing is the “pandemic”, the real objective is to wreck the global economy and create a “new reality”. There may very well be a virus, a novel virus, but that is the subtext. Whatever viral epidemic may or may not exist, nothing could ever justify these insane measures. So this will be catastrophic unless… Read more »

Steven Broiles
4 months ago

Donald Trump has done many good things, but due to his actions here, specifically, his signing of the stimulus bill, WHICH WILL BE THE LARGEST WEALTH TRANSFER TO CORPORATIONS AND BANKS IN HISTORY, as well as his failure to confront and stand up to Big Tech in their censorship crusade, he will have to win reelection without my vote.

William
William
4 months ago
Reply to  Steven Broiles

So you’re voting for Nipples? Or sitting it out. A non-vote is a vote for Nipples anyway. Good plan

Steven Broiles
4 months ago
Reply to  William

Yes. It’s very unpalatable. I am p.o.’d, however….

William
William
4 months ago
Reply to  Steven Broiles

Understandable. I am PO’d as well, horrified, aghast. I’m not counting DJT out yet. He still has one item left in his bag of tricks

CalGirl
CalGirl
4 months ago

We are fighting the recent “good fight.” Just a thought. 9-11 had no contagion attached. Neither did Pearl Harbor. Swine Flu had an innoculant as far back as 1973. This Coronavirus is a whole NEW animal to wrangle. We will overcome, but need time and crowd management in the mean time if we are to prevail.

William
William
4 months ago
Reply to  CalGirl

Of the thousands of people tested during “Swine Flu” only 18 had detectable virus. But give them “innoculants” anyway, that’s the ticket. In 2018 Dr. Peter Gotzsche, the Danish founder of the Nordic Cochrane Center, published a scathing review of flu vaccine research, stating that the research had been “corrupted” by politics and money and that flu vaccinations are ineffective for preventing influenza and influenza-like illness, and have no appreciable effect on hospitalizations and mortality. So the NCC, which he founded, fired him. As Stalin said, no person, no problem. “This Coronavirus is a whole NEW animal to wrangle.” Unfounded,… Read more »

Michael Garrison
Michael Garrison
4 months ago

While the fall of America isn’t pretty, just wait for the fall of all the freemasons who brought death upon themselves with these satanic shenanigans known as Covid-19.

Lou Minati
Lou Minati
4 months ago

What we’re witnessing isn’t a “Pandemic”, it’s a “Dem panic”. Look, I get all the replies on here giving up on President Trump. I’m not in your shoes and I have no idea what your professional or financial hit has been, if any. Neither do I know your level of buy-in to the coronahoax, which I have been calling fake news all along. All that aside, I think the prudent thing to do is let things play themselves out and re-assess the situation on June 1. There are a lot of things in play here and a lot of moving… Read more »

CalGirl
CalGirl
4 months ago

Having grown up with dairy farmers…I had to turn the TV off today watching farmers/shippers/buyers opening up faucets on tankers and washing millions of gallons of milk down the drain b/c no one is buying (restaurants, school cafeterias, etc are closed). I just had a notion: the same people who were consuming this product are still here and still would use it….so… why are we putting it down the drain? Is there something ELSE we could do—- where is the “old-time milk delivery man? CAn we get him/her back? I had a private, self-motivated retiree who developed his own little… Read more »