Tags: Coronavirus | Newsmax TV | stephen moore | newsmaxtv | coronavirus | outbreak

Stephen Moore to Newsmax TV: 'Catastrophic' Cost If Shutdown Continues Past April

(Newsmax TV/"Newsmax Now")

By    |   Monday, 30 March 2020 02:36 PM

Economist and Trump campaign adviser Stephen Moore told Newsmax TV's "Newsmax Now" on Monday that the coronavirus outbreak could have a “catastrophic” cost if businesses remain closed after April 30.

“If we go much past April 30, the economic costs start to become catastrophic, and so we have to avoid that scenario,” Moore said after President Donald Trump announced that the U.S. would extend its social distancing guidelines through April, despite previously pushing to ease the guidelines by Easter on April 12.

“This is a tough balancing act the president has to weigh and calibrate between, you know, the health risks and the idea of getting America’s $20 trillion economic engine up and running again,” he continued. “I happen to think that we really need to hold pretty firm on that April 30 date unless we see some terrible new development in the in the coronavirus, because if we don't, we're talking about the tens of millions of people will be unemployed, we're talking about millions of business that will be in bankruptcy, and it doesn’t matter how much money the government sends to them.”

Moore added, “So this is a difficult decision for the president, I was a little disappointed that we’re now sliding by another couple of weeks, in terms of the shutdown. But at some point by early May we have to get things on a rolling basis up and running again.”

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Economist and Trump campaign adviser Stephen Moore told Newsmax TV's Newsmax Now on Monday that the coronavirus outbreak could have a "catastrophic" cost if businesses remain closed after April 30. "If we go much past April 30, the economic costs...
stephen moore, newsmaxtv, coronavirus, outbreak
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2020-36-30
Monday, 30 March 2020 02:36 PM
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