Economic destruction from the shutdown is expanding.

Economic damage from the shutdown is becoming more obvious as more reporters spend time covering the destruction. Here are two articles each on the overall economic impact, specific impact on individuals, and concentrated impact on two cities:
- GDP in Italy expected to shrink to the level it was 23 years ago
- Airline CEOs expect it will take years for the airlines to recover
- Additional 8 million Americans drop below the poverty level, joining the 55 million who were there before the pandemic
- All 1,600 orchestras in the country have gone dark; their 160K musicians are unemployed
- San Francisco has 14% vacancy rate in commercial office space
- Impact on employment in New York City is more severe than the national average
How long will we let this go on?
Broad indication of the damage:
10/11/20 – India Today – Italy’s GDP in 2022 shrink back to the same level as 23 years ago: Report – …
Economic destruction from the shutdown is expanding.Read More »
Economic destruction from the shutdown is expanding. Read More »