NgospelMedia.Net
Nectes Gospel Media is The Largest Repository of Your Favourite Entertainment Website, Open Heaven, Open Heavens, Christian Music, Shiloh 2018, DCLM Daily Manna, Winners’ Chapel, Rhapsody of Realities, Seeds of Destiny, RCCG Sunday School Manual, Health, Pastor Faith Oyedepo, David Oyedepo, RCCG, MFM, Our Daily Bread, Salvation Ministries, Billy Graham, David Abioye, Andrew Wommack, Joyce Meyer, Kenneth Copeland, TREM Devotional.World/Nigeria & Naija Gospel Music Downloads, Videos, Lyrics, Artiste Biography, Daily Devotionals. NgospelMedia is mainly a Christian Website, as the Domain Name Speaks; Gospel; Which is also tagged as a Gospel On-line Ministry for Souls...

- News -

Read The Latest Coronavirus News Updates Globally Here: "Coronavirus Live News Updates" | Or Visit Our Full Global Statistics Page for Detailed Informations On Coronavirus Here

- Advertisement -

This cure is killing economy, crushing dreams — we need to figure out a better way

- Advertisement -

- News -

Read The Latest Coronavirus News Updates Globally Here: "Coronavirus Live News Updates" | Or Visit Our Full Global Statistics Page for Detailed Informations On Coronavirus Here

- Advertisement -

managed wordpress hostingThis cure is killing economy, crushing dreams — we need to figure out a better way 1
Countries have experienced economic depressions before, but not usually as a matter of choice.

The nation-wide coronavirus shutdowns over the last two weeks have ground parts of the American country to a halt. We have probably never before in our history seen so much economic activity vaporize so quickly — within days or even hours. The Great Depression and the panics of the 19th century are the only possible analogues.

Goldman Sachs is forecasting a 24 percent drop in quarterly gross domestic product. Morgan Stanley is anticipating a 30 percent decline in quarterly GDP.


This cure is killing economy, crushing dreams — we need to figure out a better way 2This cure is killing economy, crushing dreams — we need to figure out a better way 3

These are the top-line numbers of a devastation that will throw millions out of work, stress families and blight personal lives, destroy the dreams of small-business owners and bankrupt industries. This is a tale of human misery, not just of declines in the stock market and in GDP.

The federal government can ­alleviate some of the damage, but even the biggest, best-designed stimulus bill is no fix for shuttered store-fronts and factories. And how many times can Washington pass $2 trillion bills?

No, this is not sustainable, nor will people stand for it except as a temporary expedient. President Trump is already expressing ­impatience with his own guidance against gatherings of more than 10 people for the next 15 days.

If that sentiment is understandable, it’d be foolish to give up on the lockdowns before they have much of a chance to, in the cliché of the hour, flatten the curve.

And it is important to remember that the disease itself is imposing an economic cost. It would have caused a recession regardless of government policy.

Would New York City restaurants really be full if it weren’t for the Gov. Andrew Cuomo-ordered lockdown? Would people be eager to get on airplanes? To book a cruise? To see a Broadway show? To go to Disneyland?

This cure is killing economy, crushing dreams — we need to figure out a better way 4This cure is killing economy, crushing dreams — we need to figure out a better way 5

If the disease had been left unchecked, it would have exacted an enormous price, in lives of the infected, in the breakdown of the hospital system, in the follow-on effects on people ill with conditions that would have gone untreated. No matter how bad ­today’s lockdowns are, imagine if we decided to undertake them at a time when America already had a million cases and the health-care system was in deep crisis.

The answer to our current situation doesn’t require downplaying COVID-19, or going about business as usual and hoping for the best. The advantage of the lockdowns is that they make every other public-policy option look cautious and inexpensive by comparison. What can be more radical than telling tens of millions of American to shelter in place?

Our aim should be to shift from the blunderbuss solution of mass shutdowns to rifle-shot remedies, on the model of what South Korea has done with its widespread testing (although it has much more ­favorable conditions as a smaller, more cohesive country with an outbreak centered on one church).

We should focus on the production of tests, ventilators, masks and other protective gear on an industrial scale. Whatever the federal government has to spend or do to get it done should happen — just as if we were on a wartime footing.

The first priority should obviously be backstopping the hospital system and protecting front-line medical workers. But, as economists Paul Romer and Alan Garber argue, we need to widen out from there to create a system of population-wide testing and the distribution of protective gear to workers interacting with the public to protect against coronavirus spread, while allowing for ­ordinary work.

This regime would depend on innovation — cheaper, faster tests, etc. — but that is surely within our power with enough will and resources.

Then, we could begin to return to normal with much less risk, even if vulnerable populations and metropolitan hot spots still require extraordinary precautions.

Whatever path we take will be costly and have its downsides. All we can know with certainty is that the current path is untenable.

This cure is killing economy, crushing dreams — we need to figure out a better way 6This cure is killing economy, crushing dreams — we need to figure out a better way 7

Twitter: @RichLowry

This cure is killing economy, crushing dreams — we need to figure out a better way 8This cure is killing economy, crushing dreams — we need to figure out a better way 9
Enjoy Daily Prayers and , Open Heavens Daily Devotional, Billy Graham Daily Devotional , Our Daily Bread Devotionals , UCB Word for Today Devotionals , In touch Ministries Daily Devotionals , My Utmost For His Highest Daily Devotionals , All Rccg Live programs and Events , Rccg Sunday School Manuals ( Weekly Teacher and Students Manuals ) , Winner Chapel Daily Covenant Hours and Programs , Dclm Pastor Kumugi Daily Manna Devotional , Seeds Of Destiny Daily Devotional , Spirit Meat Rev. Olusola Areogun Daily Devotional , CAC living Water Daily Devotional Guides , CAC Weekly Sunday School Manuals , Rhapsody Of Realities Daily Devotionals , Our Daily Journey Devotionals , Turning Point Today Daily Devotionals , Christian Useful Secrets Tips , Download  Nigerian Worship Video Musics and songs  And MP3 , Ray Stedman Daily Devotional , Pastor Benny Hinn Inspirational Teachings , Bishop David Oyedepo Inspirational Teachings, Pastor Rick Warren Daily Hope Devotional , Pastor Faith Oyedepo Motivational Messages , Daily Devotions Etc

- Advertisement -

Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time

- Advertisement -

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More






%d bloggers like this: