To date, COVID-19 maintains as a significant threat to much of the world.
In the wake of coronavirus, America is implementing a plethora of precautions in order to keep as many people safe as possible. Shutting down certain places of businesses, reducing hours, and encouraging Americans to engage in precautionary measures are just a few examples.
However, as the nation works against COVID-19, there is increasing social unrest about the impacts that certain precautionary measures will have on the economy. This unrest will continue to mount as businesses close their doors, sometimes for weeks on end, thereby forcing their employees into uncertainty with no money coming in.
Yesterday, failed presidential candidate and Sen. Cory Booker discussed the economic impacts of COVID-19, according to Breitbart News.
The Reality of a Coronavirus-Induced Recession
During an interview with CNN, Booker declared that America will be forced to endure economic disaster as a result of coronavirus. Anxieties about the economy continue to come up in various conversations as more businesses shut their doors to stop the spread of coronavirus.
"We are going to see an economic catastrophe. People are already feeling it… this is a crisis. We could see economic conditions not seen before in this country even beyond the great recession back to the depression."
– Sen. Cory Booker on the financial impact of coronavirus. pic.twitter.com/kUCwpvKK0j
— CNN (@CNN) March 18, 2020
The New Jersey senator then proceeded to point out that thousands of residents in his state are seeking unemployment benefits, in the wake of businesses closing. Booker later claimed that if the current state of affairs continue as they’ve been, America may endure an economic state “even beyond the Great Recession.”
Pushing Back Against Economic Decline
Booker may be able to go on CNN and give fancy speeches about economic decline, but there’s a difference between talking and doing.
President Trump, on the other hand, remains in contact with health officials, grocery store CEOs, his coronavirus task force, and others for the sake of beating COVID-19. There is also a trillion-dollar stimulus plan in the works, one designed to send cash payments to Americans in the wake of coronavirus.
By all accounts, the president and his administration have repeatedly taken steps to combat significant economic fallouts from COVID-19.
What do you think about Cory Booker’s predictions on economic turmoil prompted by coronavirus? Are you pleased with the manner than President Trump is going about handling COVID-19? Sound off in the comments section below!