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Fed Chair Powell says U.S. economy deteriorating with alarming speed

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Comments

  • MikeDamone
    MikeDamone Member Posts: 37,781
    The the government shuts down the economy and people are "alarmed" at the deteriorating economy?

    Reminds me of when the Gov of Oregon announced the stay at home order and said it was going to be "inconvenient". Just a little inconvenient...
  • Kaepsknee
    Kaepsknee Member Posts: 14,919

    The the government shuts down the economy and people are "alarmed" at the deteriorating economy?

    Reminds me of when the Gov of Oregon announced the stay at home order and said it was going to be "inconvenient". Just a little inconvenient...

    It's all way too clear how many people don't know the severity of what's going on. They're like, "Well we lived through 9/11 and the great recession and the economy bounced back strong., we just need to stay home, derp derp"

    You can tell them that this situation is 5 times as worse and more difficult to recover from until you're blue in the face. And they'll come back.... "Have you seen what's going on in New York????"

    And then you tell them that we had it here in Oregon before New York and we have 44 deaths in 42 days of it and the hospitals have all the rooms and ventilators available that you would ever need.

    And some of them are so dense, they'll come back with "Well we need to do this for New York. We're all one"
  • MikeDamone
    MikeDamone Member Posts: 37,781
    edited April 2020
    salemcoog said:

    The the government shuts down the economy and people are "alarmed" at the deteriorating economy?

    Reminds me of when the Gov of Oregon announced the stay at home order and said it was going to be "inconvenient". Just a little inconvenient...

    It's all way too clear how many people don't know the severity of what's going on. They're like, "Well we lived through 9/11 and the great recession and the economy bounced back strong., we just need to stay home, derp derp"

    You can tell them that this situation is 5 times as worse and more difficult to recover from until you're blue in the face. And they'll come back.... "Have you seen what's going on in New York????"

    And then you tell them that we had it here in Oregon before New York and we have 44 deaths in 42 days of it and the hospitals have all the rooms and ventilators available that you would ever need.

    And some of them are so dense, they'll come back with "Well we need to do this for New York. We're all one"
    If it saves one life...

    How many people are in the field hospital at the fair grounds? That’s what I thought.

    But it proves social distancing works!!! Derp derp

  • SFGbob
    SFGbob Member Posts: 33,219

    The the government shuts down the economy and people are "alarmed" at the deteriorating economy?

    Reminds me of when the Gov of Oregon announced the stay at home order and said it was going to be "inconvenient". Just a little inconvenient...

    Amazing how the people who are making these decisions are all people who will see no reduction in their pay nor will they ever miss a paycheck on account of their decision.