Federal Reserve Bank of Minneapolis President Neel Kashkari believes that the U.S. economy could experience 18 months of rolling shutdowns as the Wuhan Virus outbreak dies down and potentially flares up again.
Kashkari maintains this position in the case that no effective therapy or vaccine is developed for the virus.
“We’re looking around the world. As they relax the economic controls, the virus flares back up again,” Kashkari declared on April 12, 2020 on CBS’s “Face the Nation.”
“We could have these waves of flareups, controls, flareups and controls until we actually get a therapy or a vaccine. I think we should all be focusing on an 18-month strategy for our health care system and our economy.”
Thanks to the government ordering businesses to shut down in order to contain the spread of the virus, unemployment has exploded in the last few weeks.
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, commented on April 12 on CNN’s “State of the Union” that a partial reopening of the economy could potentially be rolled out in May. He did warn that the outbreak could resurface in the fall.
Kashkari admonished that “this could be a long hard road that we have ahead of us until we get either to an effective therapy or a vaccine.”
“It’s hard for me to see a V-shaped recovery under that scenario,” he stated.
The Federal Reserve responded in a decisive manner to combat the effects of the Wuhan Virus pandemic on the American economy. It launched an unprecedented number of emergency programs to back as much as $2.3 trillion in loans and cut interest rates almost down to zero.
The economic toll of these events has been quite devastating.
Nearly 17 million people have filed for unemployment benefits during the last three weeks. This signifies that there could be an unemployment rate of around 13 or 14 percent. Output in the second quarter is expected to plummet dramatically.
If the Fed continues taking drastic measures, America could be in for one of its strongest economic downturns in decades.
Man Who Brutally Assaulted Michigan Nursing Home Resident Arrested, Charged, and Named
The brute’s name is Jayden Hayden.
The perpetrator of a horrific taped assault at a patient at a Michigan nursing home has been arrested, charged, and finally named.
Detroit Police arrested 20-year old Jayden Hayden of Ypsilanti, Michigan on Sunday morning. Hayden is being charged with assault with intent to do great bodily harm, larceny in a building and two counts of financial transaction device, steal/retain without consent.
The financial crimes relate to Hayden allegedly stealing the credit cards of 75-year old Norman Bledsoe.
The conscience of the nation had been shocked when video of Hayden brutally assaulting the senior citizen in a nursing home bedroom went viral. President Trump himself expressed his shock at the callous footage, in which Hayden repeatedly punched and beat the U.S. Army veteran.
— James Woods (@RealJamesWoods) May 21, 2020
Hayden has apparently uploaded videos online of other despicable assaults against senior citizens.
Detroit Prosecutor Kym Worthy expressed her resolve to hold Hayden criminally accountable for the heinous crime.
“The alleged actions of this defendant are truly and uniquely disturbing. We must be able to trust our loved ones in specialty care facilities. I truly hope that the facts of this care are one of a kind.” Hayden was arraigned in court on Sunday morning.
New facts of the case seem to suggest that Hayden himself was a short-term resident of the Westwood Nursing Center, as opposed to an employee of the facility, which some had speculated.
Hayden seems to express racist and anti-white beliefs in some of his social media uploads, stating that he believes that “black people are meant to rule the earth.” However, it doesn’t appear as if local authorities are treating the savage, cowardly assault as a hate crime at this point.
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