Minneapolis Federal Reserve Bank President: Mandate 6-Week 50-State Lockdowns to Save Lives -and- Economy

Hey, I’m ALL FOR THAT IDEA!

But… you’re gonna’ have to open up the purse WIDELY — V – E – R – Y — W – I – D – E – L – Y — for it to even begin to work.

And there’s a wee bit of GOOD NEWS!!

Yes, there’s a very bright spot in this matter, and it is this:

“We can actually fund the additional unemployment benefits, for example, or additional support to small businesses from our own domestic resources. That is much, much better than having to borrow it from abroad. So this recession is very unique in how we’ve shut down part of the economy because it’s also generating savings that can support the workers who are most affected. I know it’s complicated, but this is a unique moment when the traditional concerns about government deficits, debt to GDP, do not apply.“

But part of, if not the exclusive problem, with Trump’s response is that it’s misguided (as in “uncentered, and lacks focus”), and has no cohesive unifying action, or standard. There’s no clear guidance on what to do, who does what, when, how, to what extent, or anything… literally.

FEMA… if ever there were an emergency, this is it – what have they done?

Zero, zilch, nada.

Seriously.

Have you seen them in YOUR state, or neighborhood? Have you read, or heard of anything they’re doing in your state or community?

I didn’t think so.

How has the Red Cross been involved?

That I’m aware, that I’ve heard of, or read, they haven’t been asked.

Same thing as FEMA – have you seen them in YOUR state, or neighborhood?

I didn’t think so.

U.S. Border Patrol, in conjunction with the Coast Guard… could’ve been swabbing nasal passages and mouths of every person crossing and along our nation’s borders, and coasts.

Nope.

Didn’t happen.

Same thing for our National Guard – EVERY SINGLE UNIT NATIONWIDE could’ve been Federalized and activated, and swabbing nasal passages and mouths of every person in every town across America. Manpower for the 50 states’ National Guard – Army and Air Force – stands at approximately 444,600.

They could’ve shipped out millions of testing kits, and hundreds of thousands of laboratory analysis machines to hospitals and clinics nationwide.

Nope.

Didn’t even happen.

The Department of Homeland Security and the Red Cross in conjunction with the USDA could’ve been handing out staples of food rations – meat, eggs, flour, oil, cheese, milk, bread, vegetables, etc., just like the Red Cross has been doing in Australia – including daily well-being calls.

Nope.

‘Twas just a fleeting dream.

POTUS could’ve Federalized (mobilized/activated) the U.S. Public Health Service and the United States Public Health Service Commissioned Corps, and established a 50-State testing response, and contact tracing system.

Nope, didn’t happen.

“Anemic,” and “practically non-existent” is how I’d describe the FAILED Federal Response.

Numerous individuals have repeatedly asked the POTUS to invoke the National Emergency Powers Act, and he delayed response until March 13.

He was repeatedly begged to appropriate the Defense Production Act, and his response was

“The federal government is not supposed to be out there buying vast amounts of items and then shipping.
You know, we’re not a shipping clerk.”

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Minneapolis Federal Reserve Bank President Neel Kashkari visits “Maria Bartiromo’s Wall Street” at Fox Business Network Studios on October 11, 2019. Kashkari is calling for a return to mandated lockdowns in every state for up to six weeks in an effort to save both lives and the economy in response to COVID-19. Roy Rochlin/Getty Images

The United States has now surpassed five million confirmed cases of COVID-19 and 160,000 deaths from the virus as tens of millions of Americans file for unemployment, causing experts to debate how the nation should respond.

Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, says the answer should be

Federal Reserve’s “Beige Book” shows improving economy

The Federal Reserve regularly publishes a summary of economic activity in the 12 Federal Reserve Districts in the United States.

It is important to note that “This document summarizes comments received from businesses and other contacts outside the Federal Reserve and is not a commentary on the views of Federal Reserve officials.”

Much, if not most of the news was promising.

Summary highlights from this Beige Book 2013-01-16 are that:

• “Reports from the twelve Federal Reserve Districts indicated that economic activity has expanded since the previous Beige Book report, with all twelve Districts characterizing the pace of growth as either modest or moderate.”

• “All twelve districts reported some growth in

Federal Reserve: Economy “Strengthening” & “Generally Expanded”

“Most Districts reported strengthening in existing home sales, while prices were described as steady to increasing, with declining inventories noted in the Boston, Atlanta, Minneapolis, Dallas, and San Francisco Districts.

“Automobile sales were flat over the past six weeks but are up year-over-year.

“Demand for consumer credit remained relatively strong,