US economic activity is slowing as virus surges, Fed reports

[xeni]

Originally published at: https://boingboing.net/2020/12/02/us-economic-activity-is-slowing-as-virus-surges-fed-reports.html

…

[cannibalpeas]

How utterly predictable.

[anon29537550]

What you said. Utterly predictable.

[gracchus]

But wait, I thought it was a choice between public health and the economy, like conservatives always say? Do you mean to tell me that loosening restrictions and letting more people get ill has a bad economic effect, too? Mind blown.

[Hypoxia]

IIRC during the flu pandemic a century ago, those areas that shut down fastest and hardest were those that recovered economically the fastest and strongest. Conservatives apparently can’t learn from the past, or maybe they’re all hostile agents. Both seem likely.

[AnthonyC]

@Hypoxia

Conservatives apparently can’t learn from the past

I’m fairly sure that’s the default state of a philosophy of government that urges erring on the side of keeping the status quo. Even if the conservatives in the US were 100% sincere (hah!) in their stated beliefs, that’s the cost. You repeat the mistakes of the past more often, in order to avoid new mistakes from trying to make improvements.