Why the Coronavirus Recession Is Not Like the Last Recession By Howard Schneider and Jonnelle Marte | September 14, 2020 Email This Subscribe to Newsletter Email to a friend Facebook Tweet LinkedIn Print Article Article 11 Comments September 14, 2020 at 1:45 pm Craig Winston Cornell says: Poorly-rated. Like or Dislike: 14 24Hidden due to low comment rating. Click here to see.Could it be that people hurt worst by the Covid 19 lock downs – people on the lower end of the economic ladder – are starting to realize that maybe the lock downs were a mistake for young healthy people? When you total up ALL of the consequences of the lock downs, including rising suicides, domestic abuse, drug abuse and overdose numbers, child abuse, depression, delayed treatment for cancer and other serious disease, delayed educations, the global impact of the Covid recession (with the U.N. predicting over 1,000,000. additional child deaths as a result) . . . when you add it all up, common sense tells you a lock down focused only on the most vulnerable made the most sense. Especially considering that a huge number of people who died with Covid 19 already had 2 or more serious illnesses they were dealing with and considering the huge number of retired people killed by Covid 19 who could have simply hunkered down while every one else practiced social distancing and used masks and carried on close to normal. A sharp polling trend is emerging showing Hispanic support for Trump rising dramatically since the 2016 election. I think the lock down is one reason why. September 14, 2020 at 4:17 pm Jon says: Poorly-rated. Like or Dislike: 10 20Hidden due to low comment rating. Click here to see.LOL Are you still trying to pretend it’s the lockdowns that are hurting average americans? Meanwhile other countries with lockdowns are doing just fine. Know the big difference? The billionaires in other countries didn’t double their net worth while their citizens struggled. Their politicians actually acted and tried to help their people, unlike the American government. You’re trying AS USUAL to make the poorest americans pay for something the richest americans should be paying for. It’s quite simple. You keep trying to push this false “2 or more serious illnesses” narrative (Which you won’t provide evidence for because you’re lying again) and no one is buying it. LOL you think the hispanic support is going to help Trump? He’s polling lower than ever as the nation burns and he keeps trying to blame Biden for his last 4 years in office. See you in November :) September 14, 2020 at 4:22 pm Rosenblatt says: Like or Dislike: 8 9“with the U.N. predicting over 1,000,000. additional child deaths as a result” UNSUBSTANTIATED CLAIM LIKELY DISINFORMATION PLEASE PROVIDE A SOURCE If your reply is “google it yourself” or “the information is out there, find it yourself” then you tacitly admitted you have NO proof to back up these claims and are you re intentionally spreading misinformation, especially since I did look for it and couldn’t find evidence to back up your claim. September 14, 2020 at 4:38 pm Craig Winston Cornell says: Like or Dislike: 10 7Actually, no. If someone refuses to be Sealioned for the 100th time, that does NOT mean there is no proof. It just means they refuse to play your stupid game. 2 and 3 does not equal 4. But just because I am sick of your partisan child act, here goes, from The Hill: “The Telegraph cited a report published in the Lancet Global Health journal Wednesday that found almost 1.2 million children could die worldwide in the next six months due to disruptions to health services and food supplies caused by the coronavirus pandemic. The modeling by researchers at UNICEF and the Johns Hopkins Bloomberg School of Public Health found child mortality rates could rise by as much as 45 percent and maternal deaths could increase by almost 39 percent, according to The Telegraph.” September 14, 2020 at 5:07 pm Rosenblatt says: Like or Dislike: 7 8PROVEN LIE & MISINFORMATION ALERT LIE: You said it was the UN’s prediction TRUTH: It was from Lancet Global Health ALL LYING IS WRONG MISLEADING STATEMENT: You said over 1,000,000 additional child deaths TRUTH: The study was from MAY and said 1M over the next 6 months. It’s been 4 months since that prediction was made. HOW MANY ADDITIONAL CHILD DEATHS HAPPENED BETWEEN MAY & NOW? HOW MANY ARE LEFT BEFORE WE REACH 1M PREDICTION BEFORE OCTOBER ENDS? This is just how you debate — someone makes a claim citing something, you ask for the source that the person thinks backs up their claim, then you review it to see if they were being honest or not. You were not honest. (1) The UN didn’t report that. (2) The place that did argued it back in May and it was a 6-month prediction, and we’re already in month 4. You can’t honestly argue an additional 1M kids will die between May & Nov if you don’t know how many additional kids have already died between May & September. September 14, 2020 at 5:25 pm Craig Winston Cornell says: Like or Dislike: 7 11You are a moron. A MILLION children will die and you want to play your dufus nitpick games. I proved what I said is true. Be a man and admit it. A million children. Think about how foolish and heartless you sound. September 14, 2020 at 5:19 pm Vox says: Like or Dislike: 8 1Why the Coronavirus Recession IS INDEED Like the Last Recession. Why is it the same, you may ask? I’ll tell you. An awful lot of the jobs that have disappeared are never, ever coming back. It’s victims may be of a different demographic, but their misery is the result of an upheaval in which businesses wake up to the fact that they were running on auto-pilot. Some businesses have been waiting for something like this to let loose and they pull the trigger on things they weren’t so sure about before. Consumers have also woken up from a long period on auto-pilot. It’s not going to be like it was. In the college of economics we learnt that there will always be another recession. There are no exceptions. You cannot predict why they will come, but come they will. The economy is like the planet. The longer between earthquakes, the more the ground shifts. September 14, 2020 at 5:26 pm Craig Winston Cornell says: Hot debate. What do you think? 11 15Except that this recession was created by government intentionally. THAT makes it very different from all other recessions. It could be ended by government just as quickly. September 14, 2020 at 5:33 pm Captain Planet says: Hot debate. What do you think? 11 20I guess we’ll find out if there are similarities after November. We all know we don’t need another Republican to get us out of this Republican mess. He lied us into this debacle, he won’t be able to lie us out of it. Last time, it took a Democratic president to spring us from the grips of a recession. Will that happen again? Time will tell. Now Tramp’s holding super-spreader events and placing his own supporters in harm’s way. Sheep don’t care, though. Rally-goers were actually telling reporters there is no such thing as this virus. Where do they get this idea from? The same guy who told us it’s going to miraculously disappear and it’s the new Democratic hoax. Hey Tramp, it isn’t the dead American soldiers who are the suckers. September 14, 2020 at 5:44 pm Craig Winston Cornell says: Hot debate. What do you think? 17 14Damn, can you TRY not to be so boring and full of falsehoods. Obama did exactly NOTHING to end the last recession. Check the facts. He simply continued the steps Bush had already put in motion. The only exception was the “Stimulus”, an $800 billion boondoggle that failed so badly on Obama’s own measurements that Democrats won’t even say the word stimulus anymore. And Trump never did say dead soldiers are suckers. 12 people at the event testified to that. You must be one big sucker yourself. You swallow every lie you hear. Haven’t you figured it out yet? The media will post one lie until it fades, and then post another. And Planet will swallow them all. Hey, maybe you are the target audience after all? September 14, 2020 at 6:24 pm Observor says: Well-loved. Like or Dislike: 17 0The challenge with this recession is that government is spending so much on maintaining many industries that may not recover. I worry that the national debt may have grown so large that a stagflation environment more severe than the 1970s will hit us in the near future. Recovering from such a crisis will be much more painful for most of us. If we reach a point where the government is unable to save the economy, the economic climate could be brutal. I hope that is needless worry on my part and the stock market is definitely much more optimistic than I am. Comment have been closed for this article.