Fed's Kashkari advocates six-week economic lockdown to defeat the coronavirus

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'To be effective, the lockdown has to be as comprehensive and strict as possible,' Kashkari and Michael Osterholm wrote.

he authored with Michael T. Osterholm, a professor and director of the Center for Infectious Disease Research and Policy at the University of Minnesota, Kashkari argues that the government should issue a shelter-in-place order "for everyone but the truly essential workers" for up to six weeks.

March's lockdown, issued as the coronavirus became a pandemic, was not sufficiently stringent and has led to the U.S. lagging other stricter nations when it has come to, they said. The result "could make what we have experienced so far seem like just a warm-up to a greater catastrophe." "To be effective, the lockdown has to be as comprehensive and strict as possible," Kashkari and Osterholm wrote. "If we aren't willing to take this action, millions more cases with many more deaths are likely before a vaccine might be available. In addition, the economic recovery will be much slower, with far more business failures and high unemployment for the next year or two.

During the initial lockdown, the shuttering of American businesses led to the loss of at least 20 million jobs,during the restart. Congress stepped in with rescue funding that has swelled the national debt by $3 trillion to $26.5 trillion, and Kashkari's Fed also has expanded its balance sheet by nearly $3 trillion by lending and providing liquidity through various vehicles.

 

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The lock-down worked so well the first time.

Psychosis never stops. Instead of getting out of this madness and encourage opening business activities while maintaining social distancing this career ladder climber advocating the opposite.

Been there, done that.

This pandemic has us all doing time.We hope to return the favor to Trump as son as he gets out of office.

The Federal Reserve is not “federal”. Kashkari, you’re no Fauci. Stick with keeping the USA in debt, and leave the health decisions to the professionals. Thanks.

I am all for it as long as this guy doesn't get a paycheck for all that time. No one cent and not even unemployment.

This is a sensible approach. Based on my very limited observation during the initial shutdown, it likeky won't work. People are stupid and selfish. Trumbo and Faux 'news' can be relied on to amplify that.

President Trump will never listen to this man. We tried that , it was supposed to have done the trick. So NO. Let me guess he's a Democrat.

The elites are going to start pushing another phony lockdown. Covid 'flatten the curve' is one of the greatest frauds ever. This virus cannot be stopped and must run its course.

Fuck no. Lockdowns dont work. This is purely about the election.

He really wants to be the next fed chair.

Meet JeffBezos' psycho brother who just ran out of hospital😎

This guy is another agent of his Marxist Masters. The ultimate goal is to setup a surveillance society that is necessary as we move towards authoritarianismm

Didn’t know he was a scientist,Doctor or an epidemiologist.

Commies!

How stupid some Americans can be......

WTF? This guy is bloody idiot.

Ask him how much his friends are short the market. He’s a bitch!

And then after 6 weeks it starts all over again. Lockdowns don’t work. Look at Florida and Texas vs California! California lockdown yet no better than Florida and Texas.

We already did that, we simply can't afford to do another complete shutdown again

that is China has done and they got healthy and economy. Apple retail stores totally open and provide all product to chinese people!

I thought we decided to listen to the experts? We are now listening to Wall Street? What happened to that mantra?

It will never happen because, ‘Merica.

No.

He's a Biden supporter.

Had we reopened in May based on expert guidelines and not politics, we wouldn't be talking about spend trillions more in stimulus.

Garbage thoughts. Completely garbage.

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

Why does cash carry always look strung out

Not happening

Won’t work, it’d just rebound after with the way ppl behave

tmemory So what, if they would start treating us correctly with virus blocking HCQ, none of this would be an issue. And it still has a extremely low mortality rate, that is being totally ignored to try and push fear that nobody but snowflakes buy in the first place

No

Of course, anything to crash the economy at election time. No doubt he’s a Biden supporter. Just evil.

Homicidal. If there was a good vaccine and treatment available for all sometime in a three week period, possibly. But that will never happen. 6 weeks will destroy what's left of the economy and guess who's waiting for you when you crawl out of your hole? Mr. Wuhan.

tmemory Oh my gosh these people are pure evil. Purple unicorns MAY fly out my butt when I take a dump too, but I'm not going to stop taking a dump. We gave you 5 mo, when you asked for 2 wks in Mar. How does it make the economy better? Wow some ppl will believe anything

Ooo What about seasonal flu shut downs? Like during flu season we can shut down the whole economy too.

Not happening.

What’s that saying about doing the same thing over and over again and expecting different results...

He needs to listen to the science. It’s not going away...

China may be responsible for creating the virus, but irresponsible Americans are to blame for spreading it.

Much of the country instituted a 6 week, even plus, lockdown but because of politicized defiance and refusal to cooperate, containing the virus was compromised and the financial & social sacrifices wasted due to those who refused to wear masks and mitigate contamination.

The virus goes nowhere, it’ll be waiting

GilksMom Kashkari is 6 months too late. Once the genie's out of the bottle it's not going back in.

Too late for lockdowns you’ll kill what’s left of the economy, test trace and isolate is the only option with no vaccine and it only slows down the virus until we have an effective vaccine

This guy is crazy. We cant sustain anoter lock down. Never in the history of this country have healtjy people been put under quarantine.

Somebody is thinking 🤔

Lol

And.. to help the economy...Open the businesses and shut down the Government!

We’ve done that and more

“The definition of insanity is doing the same thing over and over again, but expecting different results.” (Albert Einstein)Lockdown will NEVER work bc u cannot close state/int’l border. US started with 2 cases in WA when u reopen u hv more or fewer than 2?simple logic lockdown

Ummm no. We should have done it like in Sweden.

What's the point, we're going to open back up and ppl will do the same stupid shit

This clown is a left wing Libiot, Not a shocker!! neelkashkari

neelkashkari Na'il Kashkari is an ibn sharm**ta. He is 100 % playing politics. If we have learned anything it's that the virus is gonna do what its gonna do. You can hide from/delay it but eventually its gonna run its course. In the mean time let's avoid destroying our economy.

Lock sowe can live

Idc if it works or not, I am sick and tired of the media doing their job. Let’s try it if it helps great, If not can we just move on to another topic of BS. The same discussions and arguments on repeat, sounds fun living in a world where everyone is right.

Bull shit. We went from 2 weeks to 5 months and we are no different than we were before. If they start using the the HCQ protocol, we wouldn't have to worry about a vaccine that may be 50% effective.

Apparently he has enough funds to sustain his lifestyle

Too late... it’s all over and a lock down would incite riots.

Look at all the dummies in this thread, my word.

You’re a nut. So the COVID takes a rest for six weeks; then what? We come out of our holes only to spread the thing again so what did the lockdown accomplish? Absolutely nothing! It postponed the inevitable.

What an asinine idea - the Government can't even agree to give people 1200 dollar checks or extended unemployment but you're arguing to shut everything completely down for six weeks? How the hell are people supposed to survive?

If ya can't read and learn from the subject matter experts, then ya should stay in your lane. Isolation not quarantine. Vaccine and heard.

Where...didn't we do that already? Covid19

Wouldn’t it just start up again in week 7?

In Hawaii, we were in comprehensive and strict lockdown only to have the numbers flare up again. We just started another 30 day lockdown. Yes, a six-week economic will halt the spread of the virus. But, to say it will be defeated, I don’t see that happening.

They should have done this in MAY !!! OMG !!!!! THe whole country needs 6 weeks !! in lock down. School districts are already seeing spikes !!! oh, and 259,000 bikers in S.D. Idiots !

He is a showboat! He needs to GO!

It’s always the “experts” (he’s not a doctor) who receive steady paychecks lecturing the masses. Another six week shutdown would tie the US in a knot it would never recover from for years. Idiotic.

Will not work due to inability to enforce. Certain strains of the human race will refuse to wear masks or socially distance. Only solution is to wear masks, socially distance and be smart about personal hygiene. I advocate Kashkari be locked down for 12 weeks. for such nonsense.

Now Can We Sue China?

Oh yes

No thanks we are doing fine without any lockdowns. Stop being paranoid Sally’s

🤡

Says all government employees who will get a paid six-week vacation, while the lives of the private sector working people who fund them get further destroyed.

We should do what Sweden did.

I don't think the anarchist GOP will stand for that. We need really smart behavior like wearing masks, social distancing and staying isolated or in a bubble. =

These rich elitists are so out of touch. As if normal Americans can actually stay home for 6 weeks straight

In other words - America is screwed.

But would that really 'defeat' the virus, CIDRAP and mtosterholm? Or just delay its effects? And what are the pros and cons of a six-week economic lockdown?

Advocating DESTROYING the US economy for a virus that is treated with hydroxychloroquine in countries all over the world! Same hydroxychloroquine Dr. FAUCI said 10+ years ago was amazing treating coronaviruses! BUT now to make TRILLIONS of dollars in VACCINES it's doesn't work

Two. Weeks.

See this moron is a bureaucrat he can sit home for 9 weeks and get paid and bully people through his computer

6 weeks after that, we'll be right back where we are.

So somebody's going to send me $9,000 to sit home for 6 weeks I'll take it. but I have to ask who's going to be providing the food and gasoline manning the stores people need to go to to purchase food to eat gas to get there and for the policeman, fireman med wrkr that need to

Screw Him!

The purpose of lockdowns is to ruin the US economy and to perpetuate fear. What were the results of the first lockdown? Why didn’t it work before?

Ok Dr. Kashkari, Dr. CNBC

0% chance this happens

The main problem is getting past the collective exasperation of all those who believe they've already been asked for excessive concessions, and are so sick to death of closures & lockdowns they're no longer willing to even wear masks, for example. The 'f*** it factor' is immense.

Nope

Shut up

I dont see DR in his name ....next

Lock down again... sure opening will be easy because there won’t be much left to open.

Las Vegas would love this guy.

Lol as if the virus would disappear after that. Lockdowns are not the long term solution to the problem...be realistic.

Just another political democrat

Quarantine everyone for a month and this problem will go away.

Wow, these people are soooo innovative 🙄

As along as he doesn’t get paid for three months.

How about a lockup instead. Man Kashkari. Throw the keys away when you lock up Trump. Send Melania packing.

You will never get rid of it. Common sense. This man wants to kill the economy to get rid of trump.

He should stick to economics

🙄🤦🏻‍♂️👎😡🤬🤢🤮🤫

Should have done in March.

Lockdowns don't work and this is not going away. It just needs to run it's course. Wear your mask to be a good person and not upset the masses, but thinking we are going to keep this from spreading is a joke. Also BTW, the vaccine is unlikely to be the panacea people think.

Zero lockdown. Herd immunity

Nope.

Ok, then what happens when we re open again? Is the goal to slow the spread or lock down until the case number is 0?

You mean a 6-week for real lockdown with comprehensive testing... There's no middle ground on this disease either you're all in, or you're all out

Again

He just wants an excuse to print more. Without covid they would have never been able to politically do 7 TRILLION. 2020 was going to be rough for corporate debt & stock market. The pandemic really saved their ass, or bought them some time. Can is huge and will kick back soon.

They should of listen from the very beginning when the doctors , researchers, and scientists said lock down 15-20 weeks. We would around 20 weeks now. But the washed up attorneys turned politician bought by lobbyists said open up and here we are.

55% of cases are considered closed and increasing by 1% per day. In 6 weeks, there will be no open cases.

The only way it would work is to pass covid-19 relief first so people could stock up for 6 weeks

It did not work before so why should we do it again!!

If you didn't know by now, this virus is not going away. Fool!

The market will break all time highs if this happens.

Over 99.9 percent survival rate. The b.s. is over.

When are people going to realize that you cannot lock down the broke, all-knowing American pleb. Everyone in this country has the freedom to express themselves and die. You cannot take this from them.

He’s nuts 🥜

Open everything. It's all political b.s.. Arrest out of control governors and mayors now!!!! F your fear.

The market will reach all time highs if this happens.

Better late than never. Stupid Americans won’t want this. They prefer for the current state to go on indefinitely.

No!

Toooo late.

Hasnt a clue. But I Loved in the Mummy.

Too many officials are lockdown crazy.

Already did that

Isn’t this kind of late? 😂

send me the check and I’ll play Xbox for 6 weeks

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