Should President Trump close all nonessential U.S. businesses?

Should President Trump declare all-out war on the coronavirus by closing all nonessential U.S. businesses? The Federal Reserve has fired its bazooka, cutting short-term interest rates almost to zero and enacting other stimulus measures first adopted during the Great Recession in 2008 as the new coronavirus rattles the economy, but even that might not be enough.

Today, the president recommended avoiding gatherings of more than 10 people and also urged Americans to avoid eating and drinking at bars and restaurants.

“Each and every one of us has a critical role to play in stopping the spread and transmission of the virus,” Trump said. “If everyone makes this change or these critical changes and sacrifices now, we will rally together as one nation, and we will defeat the virus, and we’re going to have a big celebration altogether. With several weeks of focused action, we can turn the corner and turn it quickly.”

Rick Newman for Yahoo Finance:

Should Trump close all nonessential business?
President Trump declared a national emergency on March 13, 2020 to speed U.S. coronavirus response
Why not just shut the whole country down?

The federal government could take steps to close nonessential businesses while testing to determine whether the virus is dramatically intensifying. Washington couldn’t literally prevent all Americans from leaving their homes, but most business owners would comply. People would mingle far less, reducing the rate of infection for a virus that spreads exponentially without any barriers in place. It might be the best way to “flatten the curve” and get the upper hand against the malevolent bug.

Analyst Ed Mills of Raymond James posits four scenarios for where we’re headed from here, including a “stop everything” situation in which all businesses that can shut down for two weeks do so. If that happens, Mills sees the total number of U.S. infections staying below 500,000, with a turnaround coming by late April. The economic harm would be substantial, but this measure could be an overwhelming force that defeats the virus relatively quickly. Congress would be able to repair some of the economic damage through fiscal stimulus programs.

Under the other three Raymond James scenarios, Washington continues to take an incremental approach. There are more infections and deaths, persisting through the spring, summer or fall, depending on the aggressiveness of government action.

MacDailyNews Take: What do you think?

56 Comments

  1. Just think of how much wasteful spending and disease transmission could be reduced by a shutdown of the unessential Pentagon ops world-wide. Of course, we know that Donald’s inessential Wall St parts will never be shut down.

      1. Ah, applecynic, the man who provides us daily entertainment with his obvious usage of crackdailynewsabuse. Keep smokin’ buddy, you’re at least filtering air.

  2. “president Trump,” as they like to call hi here, should go F*** himself and resign. Then turn himself over to the authorities. Oh, yes, Pence, Barr, andMcConnell too should be locked up.

    1. True. As we rocket American society back to the promised Greatness, we should bring back the swamp-cleansing guillotine. Firing squads ought not be considered cruel or unusual punishment. Like 1792, the heads should roll starting at the top. It would be the most humane end to the swamp creatures remaining in this corrupt administration. Besides, the Tea Party libertarian radicals need target practice. Surely they will rebel against the Trump socialist bailouts, the devaluation of the dollar, and the forthcoming increase in inflation & unemployment. Won’t they? This administration is doing everything that true small government conservative Americans rallied against. Literally every bailout that was done in 2008 by the failed Shrub administration only bigger faster and deeper debt this time.

      Or will they listen to FoxLies, Brightfart, et al? They may be paid to blame Chyyna, or some foreigners, or a Covid Conspiracy, or point fingers at the handful of Democrats they can actually name from their cue cards, regardless of whether any were in office when the overheated economy hit the fan without any corporation or government bothering to have a rainy day fund. The troll business will go to ludicrous speed spinning the propaganda and sowing divisionism.

      Then you will hear good solid facts like: Hillary did it. Landslide. What about… Oh yeah, someone said this on Twitter. Dementia. Your a FAKE conservative. Limbaugh predicts this…. MSM bad. All libs are scuffaws. No republican has ever taken a bailout and enriched himself from the government. Don Jr would be a great leader to carry on the dynasty. Monarchy is more efficient . Nuff said.

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