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W_HAMILTON

(9,338 posts)
7. It most likely will be. And people need to brace for this.
Sun Mar 22, 2020, 01:23 PM
Mar 2020

And, even though conventional wisdom says, "hey, once this coronavirus thing is over, everything will quickly go back to normal!" I think that is wishful thinking as well. I'm worried that we will have another slow and deliberate climb to getting back to where we were just a few short weeks ago. Many small businesses will be driven completely out of business in these next few months. They will be forced to lay off employees. Does anyone think they can just magically restart and get everything going back again, like simply pressing the resume button after a pause, just like that? I don't think how that's going to work. Even if it were in some cases, the lingering effects of OTHER companies not being able to do so will drag down the economy for even those businesses that are able to get up and running quickly, meaning that even the businesses that are able to quickly restart will probably be more hesitant in hiring and other decisions since they don't know if the market is still out there as it was before all this occurred.

I worry that we are basically looking at a similar situation to 2008, but even worse economically, with probably a slightly quicker (but small) spike once we get through it, and then yet another years-long recovery to get back to where we were.

Fuck anyone that took for granted the economy that Obama helped shape and the economy that Hillary committed to continuing and improving upon. We are all now fucked.

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden

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