700,000 jobs were lost in March according to the US Government. The unemployment rate is at 4.6% percent for March. That would be bad enough but the computation was made early in the month when the full effect of the forced shut down of economic activity was yet to be felt. In behind the scenes conversations government officials say that they think the real unemployment rate today is more like 10%. Nearly all social and economically productive activity has either stopped or is decelerating toward ZERO; manufacturing, banking, office work of all kinds, restos, etc. I was happy the other day to find a pet store that was open.
This plague will pass, perhaps to return in waves until a stable "herd immunity" is attained. Work toward a cure and eventually a vaccine will contribute to that level of health for the long term.
Sadly, the herd will by then be living in poverty and social isolation in a vastly different world in which shortages of goods and services and a wildly inflated currency are the "new normal." In that world the people will be living in a "country" much weakened by the failure of long range transportation.
The US government's herculean efforts at relief of people and business are admirable but are really only temporary measures the effect of which will expire leaving the country with a need for further inflationary projects.
In this situation, the Democratic Party seems to see a great chance to "kneecap" Trump and blackmail its opponents into measures for the advance of "progress" that may well lead to violence.
The economy must be relieved of our self-inflicted wounds. We must "grasp the nettle" and accept the fact that while we can care for the ill, and seek to protect the old and infirm, their welfare must, to some extent, be sacrificed for the good of the herd of the young and fit.
LET the economy stand up! pl