Boom again? 19

How long will it take for the thriving economy that President Trump conjured up to get going again?

The Wall Street Journal pleads:

[T]he strict lockdowns were a government policy choice. But the damage is done, and our focus isn’t on recriminations. The issue is what to do now, and the public is wise enough to know that public health can’t be sustained without a healthy economy. Americans can see the destruction all around them. They know the virus will be with us for a long time unless there’s a vaccine, so we have to learn to live with it and have a functioning economy

No politician wants to admit it, but we are moving to a de facto policy that gives people and businesses the leeway to open and make their own risk calculations. Most Americans are smart enough to know they need to take precautions and social distance, and businesses have no incentive to endanger their employees. Meat packers are learning that lesson the hard way.

The tradeoff isn’t between lives and livelihoods. The policy goal has to be to protect both as much as possible. Deploy more personal protective equipment, greatly increase testing, build surge capability to handle flare-ups, and isolate society’s most vulnerable to keep hospitals from getting overwhelmed. But for heaven’s sake reopen the economy so we don’t consign millions to years of poverty.

We expect President Trump to do it again. We say, if anyone can, he can.

We want to hear arguments For or Against our opinion.

Posted under Economics, United States by Jillian Becker on Saturday, May 9, 2020

Tagged with

This post has 19 comments.

Permalink