CBO: It Will Take a Decade for U.S. Economy to Recover from COVID-19 Recession (user search)
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  CBO: It Will Take a Decade for U.S. Economy to Recover from COVID-19 Recession (search mode)
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Author Topic: CBO: It Will Take a Decade for U.S. Economy to Recover from COVID-19 Recession  (Read 2000 times)
Orwell
JacksonHitchcock
Junior Chimp
*****
Posts: 5,409
United States
« on: August 03, 2020, 08:38:52 PM »
Quote from: Del Tachi on June 03, 2020, 11:25:32 AM
Eh, it's a downward revision in baseline projections.  Can income never earned really be "lost"?

The CBO estimates are also overly reliant on the idea that social distancing and business closures can be sustained (to some degree) until something like a vaccine is developed.  I think it's become quite obvious (just over the past week) that the concern motivating these restrictions is incredibly fickle.  People are moving on. 

This post really aged like milk in 2 months.
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