Reopen now, more will die of the virus.
Reopen later, more will die of despair, suicide.
Pick your poison.
Trump adviser Stephen Moore: It's time to reopen the economy because we are seeing real devastation
Reopen later, more will die of despair, suicide.
Pick your poison.
Trump adviser Stephen Moore: It's time to reopen the economy because we are seeing real devastation
Stephen Moore, an economic adviser to President Donald Trump, thinks the U.S. economy needs to be opened back up immediately, despite the very real ongoing health threat from the coronavirus.
If the administration waits any longer, it could get even uglier for the economy, Moore said.
“Summer is going to be a disaster under any scenario. This disaster will be really brutal. But I think you could start to see by late August, early September, the signs of a recovery where people feel better about things,” Moore said on Yahoo Finance’s The First Trade, on how the economy would react to a May 1 reopening.
Moore added, “If we wait until June or July, you can write off not just 2020, but the first half of 2021. You’re talking about real devastation. So that’s why I have been such a bull on getting the economy open quickly. Really it’s just heartbreaking, and you see what’s happening with the food lines, with people at the Salvation Army where trucks in some cities are a mile long. We are facing real devastation here, and the human toll is growing with each passing day.”
Trump adviser Stephen Moore: It's time to reopen the economy because we are seeing real devastation
Stephen Moore discusses why he thinks the U.S. economy needs to be reopened immediately.
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