The economy is tanking quickly.

[kentuck]

It's not just the stock market. It's like the entire country has shut down. The faucet has been turned off. It seems there is nothing they can do to get it jump-started?

It is probably safe to say that we are already in a "recession".

There should be no great expectations until we are out of this corona mess.

Just bite the bullet and help our neighbors.

Someday soon, everything will be much better.

[no_hypocrisy]

1. Recession? After a few weeks, it will have morphed into a Depression.

[gab13by13]

5. We may even be talking about that other "D" word, deflation.

[Buckeyeblue]

6. I'm afraid you might be right

And there is a great deal of debt out there. If people decide to keep their cash rather than pay on debt or if people don't have the money to pay on debts, liquidity in banks could quickly become an issue.

[jimfields33]

10. This sucks!

The destruction from this virus will last a decade at least. Those shops and restaurants won’t recover at least a good many. Department stores were on last legs and this is it. This I’m afraid is going to make 2008 look quaint. Scary times ahead. I seriously feel sorry for Biden or Bernie the next president. It’s going to be horrific.

[HotTeaBag]

13. Great point about the next President and the mess that will need to be cleaned up.

I think Trump will also realize this and want out - there is no way he'll be able to deal with losing, nor would he want to remain in office having to actually do something, he already can't stand actually being President.

[jimfields33]

14. I agree with all

Trump would say screw this if he didn’t have states going after him when he leaves. At some point he will just risk it and leave and let the lawyers deal with the states.

[cbdo2007]

2. Yes we can't really comprehend the losses that we will see over the next couple of months...the good

news though is that it is mostly due to the coronavirus and that it should come back up just fine when things are back to normal.

[getagrip_already]

8. not likely - a lot of jobs will be lost forever.....

Small businesses won't be able to survive a 4 week shut down. They will never rehire the employees that worked there.

A lot of businesses are like a shark that has to keep swimming in order to breathe. When the cash flow stops, the business dies. Rent, insurance, inventory costs, taxes, all still have to be paid. And on the back side, people aren't going to suddenly rush out and spend a lot of money since most will have been unemployed for a long stretch already.

Even big companies will continue to rif employees since business will be way off in the near term.

This is going to have long term impacts. All three of my kids have lost work. Jobs may not be there for them when we re-emerge.

[cbdo2007]

11. Maybe but new jobs will take their place.

There will be emergency assistance for small business to get them through.

[getagrip_already]

15. you sir or madame, are an optimist. Not a well founded one, but an optimist.....

The gop will never turn money over to real small businesses. They will take care of their own, but not every small company out there.

And history shows, other jobs don't take their place. Jobs do get lost forever. New jobs appear, but with different skills and in different places and much later.

Depressions are much different than recessions. Things are permanent.

[Zoonart]

3. Thank you Kentuck....

the answer is for everyone to get back in touch with something that has been missing in our culture for many years...compassion.

[pdxflyboy]

4. No hypocrisy, I fear you are correct. n/t

[safeinOhio]

7. We are paying a high price to dump the chump.

If that's what it takes, I'm ready to do my part to help.

[hughee99]

17. Yes. The important thing isn't how many jobs this cost,

Or lives it destroys, it’s that we’re able to use this as an opportunity to get rid of Trump!

[KY_EnviroGuy]

9. "Just bite the bullet and help our neighbors." This is what's worrying me.

In the coming months, if this thing morphs into what the expert think it may come to, we're all going to have family, friends and neighbors in extreme trouble financially and seeking help.

Those of us with a little dab of savings and/or retirement socked away and a regular check like S.S. are going to be facing some extremely hard decisions.

That is, the misery of having to say "no".........

We also have election campaigns and charities to support - both national and international.

I fear our nation may suffer long-term psychological wounds far worse than this virus can inflict. Unlike during the Great Depression, we are now an extremely divided nation with a substantial percentage of people who are selfish, prone to violence and isolationists.

It's going to be a long, hard slog and I'm grateful to DU for daily solace.......

[uponit7771]

12. BUT BUT BUT ... the banks need the money !! /sarc We have idiots running the country

[Baked Potato]

16. Once again, the Democrats will be the ones to heal all the wounds.

Republicans will cry we don’t have the money for this and that. Hopefully we get majorities in government to override their obstruction.