NEW YORK – Economist Stephen Moore spoke about the impact of the coronavirus on the U.S. economy with Greek-American businessman and radio talk show host John Catsimatidis on a recent broadcast of his program The Cats Roundtable on New York AM 970.
Moore told Catsimatidis that “every week we go by that we keep the economy shuttered the damage gets significantly worse.”
He noted that the estimates concerning the toll the coronavirus would take on the population of the United States seemed to have been overestimated and the pandemic is worse in cities, but a great deal of the rest of the country is not as badly affected as the urban areas. Those areas least affected should therefore reopen for business and get back to work, safely, of course.
Catsimatidis said that small businesses especially cannot stay on lockdown indefinitely.
Moore pointed out that the U.S. economy should be reopened by May 1 in order to help it begin to recover from this unprecedented crisis and avoid an economic recession lasting into the fall which could negatively affect President Trump’s re-election campaign.
More information is available online: https://catsroundtable.com.