A very good article, written by two statesmen in my state, made the astute point that the BEST economic plan is to very, very conservative on opening business . IT is better, in the long run, to delay openning (to act on the side of caution) because what REALLY matters for economic health is consumer confidence.
If people do not FEEL safe, they will not come out to buy/spend. If there is a rebound in the virus, all the confidence that was slowly built by the first lengthy shutdown will be utterly lost, and people will fear that even a second shutdown will do nothing for them. Fear will become more rampant, and people will be afraid to go out and buy even when the next wave subsides.
Additionally, every illness that requires hospitalization costs the economy beaucoup bucks. So, openning too soon, causing another wave, COSTS the economy more than is gained by openning soon.
The best thing for the economy would be for the Federal Government to take the reins , begin massive support of developmet of testing, and vaccine research. The faster the illness can be contained, and / or treated better, the faster REAL consumer confidence will return, and consumer confidence is absolute key to a healthy economy.
Last edited by TaMMa89; 04-30-2020 at 08:07 AM.
Reason: Removed political reference