[BostonCard]

I've tried to tamp it down, but I'm furious about the decisions that have been made to crush the economy.  Hopefully, I'll get to hire back half of the people I've furloughed.  Still won't have any budget (70% cut) until 2021, compensation cuts haven't been restored, work requirements have escalated dramatically and frankly, we're killing it, revenue-wise.  But I'm just a little cog...

I would think that the current circumstances would establish that it is the virus that has crushed the economy.  "Decisions" were made to try to re-open the economy quickly, and had to be reversed because the virus has started getting under control.  When even states with the most gung-ho to prioritize the economy over suppressing the pandemic (like Florida and Texas) have had to reverse course, it really does tell you that the economy has been slammed because of the virus, not our response to it.

In fact, I would venture that even if nothing were to have been done, the economy would have been slammed because of individual actions in response to their neighbors, friends, and news.  Ironically, I think it was the desire to reopen quickly and the need to close quickly after the fact that has killed our economy.  I am currently on a conference call with my colleagues in Switzerland, and they are back in the office, and are able to carry out most of their daily activities with little or no restriction, because they were able to lock down hard enough to bring the pandemic under control and have driven the risk down hard.

US: 7-day rolling average: ~64,000 cases, 750 deaths (194 cases, 2.3 deaths per million population)
Switzerland: 7-day rolling average 93 cases, 0 deaths (9 cases, 0 deaths per million population)

If you wanted to bet on the economies of the respective countries, which would you feel better about?

BC

[BostonCard]

I've tried to tamp it down, but I'm furious about the decisions that have been made to crush the economy.  Hopefully, I'll get to hire back half of the people I've furloughed.  Still won't have any budget (70% cut) until 2021, compensation cuts haven't been restored, work requirements have escalated dramatically and frankly, we're killing it, revenue-wise.  But I'm just a little cog...

I would think that the current circumstances would establish that it is the virus that has crushed the economy.  "Decisions" were made to try to re-open the economy quickly, and had to be reversed because the virus has started getting under control.  When even states with the most gung-ho to prioritize the economy over suppressing the pandemic (like Florida and Texas) have had to reverse course, it really does tell you that the economy has been slammed because of the virus, not our response to it.

In fact, I would venture that even if nothing were to have been done, the economy would have been slammed because of individual actions in response to their neighbors, friends, and news.  Ironically, I think it was the desire to reopen quickly and the need to close quickly after the fact that has killed our economy.  I am currently on a conference call with my colleagues in Switzerland, and they are back in the office, and are able to carry out most of their daily activities with little or no restriction, because they were able to lock down hard enough to bring the pandemic under control and have driven the risk down hard.

US: 7-day rolling average: ~64,000 cases, 750 deaths (194 cases, 2.3 deaths per million population)
Switzerland: 7-day rolling average 93 cases, 0 deaths (9 cases, 0 deaths per million population)

If you wanted to bet on the economies of the respective countries, which would you feel better about?

BC