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Economists warn Trump of ‘dire economic consequences’ … if he tries to reopen things too soon

EGG HARBOR, NJ - AUGUST 28: Low-income residents select free bread and produce at the Community Food Bank of New Jersey on August 28, 2015 in Egg Harbor, New Jersey. The food bank has seen an 11 percent increase in food distribution in Atlantic County since four of Atlantic City's major casinos closed in 2014, laying of 8,000 people. The closures brought Atlantic City's unemployment rate to more than 11 percent, double the national average. The mass unemployment has produced the highest foreclosure rate of any metropolitan U.S. area, with 1 out of 113 homes now in foreclosure in Atlantic County. (Photo by John Moore/Getty Images)
Food banks would still be overburdened

Donald Trump thinks he can somehow separate public health and the economy, allowing tens of millions of people to get sick and millions to die without damaging the economy. He’s wrong, as are the markets-first people pushing him in that direction.

If stay-home guidelines are reversed and coronavirus spreads, “The loss of life we’re talking about exceeds wars we’ve been in,” Diane Swonk, chief economist at the accounting firm Grant Thornton in Chicago, told The Boston Globe. The damage to the U.S. economy “would be hard to ever recover from. As hard as all of this is, the cost-benefit is pretty easy,” she said. As in, the benefits of restrictions on normal life outweigh the costs.

Source: Daily Kos NewsColony: Politics

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