Federal Reserve officials warned the virus outbreak and a partial shutdown of the U.S. economy would result in a decline in the current quarter of historic proportions and risk the potential of massive bankruptcies that could create a lasting scar.
“You will get business failures on a grand scale and you will be taking risks that you would go into depression” if shutdowns persist, Federal Reserve Bank of St. Louis President James Bullard said.
This sounds like a warning, but Dictator Jabba takes it as encouragement
UnclePugsly
6 years ago
In some respects there may be a dark silver lining here – Greatest number of BK’s to occur in blue states that won’t reopen like Illinois. Evolution of the economy to further weaken blue states, with people and business migrating to better run states – it will be a harsh transition though but in the end America will be stronger for it.
Question to every person remotely thinking of opening a business in Illinois – Why!? Why would you open a business in a state where the Governor feels empowered to arbitrarily shut you down!?
anonymous
6 years ago
This is just what HE and all the Blue state dems and governors want.
Forget the fact that they work for US.!!!
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
This sounds like a warning, but Dictator Jabba takes it as encouragement
In some respects there may be a dark silver lining here – Greatest number of BK’s to occur in blue states that won’t reopen like Illinois. Evolution of the economy to further weaken blue states, with people and business migrating to better run states – it will be a harsh transition though but in the end America will be stronger for it.
Question to every person remotely thinking of opening a business in Illinois – Why!? Why would you open a business in a state where the Governor feels empowered to arbitrarily shut you down!?
This is just what HE and all the Blue state dems and governors want.
Forget the fact that they work for US.!!!
Hey Jabba…