To avoid a repeat of 2008, Main Street America says help needs to be fast

FILE PHOTO: A view of Bourbon Street amid the outbreak of the coronavirus disease , in New Orleans, Louisiana, U.S. March 25, 2020. REUTERS/Jonathan Bachman/File Photo

How fast loans can be made could determine whether the economic fallout from the current crisis becomes as deep and persistent as it was when a housing bubble collapsed in 2007 and triggered a two-year financial crisis and recession. The Fed program is expected to target businesses with between 500 and 10,000 employees, with other steps being taken to aid the largest firms and the SBA helping smaller ones.

The St. Louis Fed estimates that 46 million workers that have “high contact” with the public may become unemployed in coming weeks - with the aim now to make their time off the job as short as public health concerns allow, and with offsetting benefits like unemployment payments.

Look Trailers, based in Middlebury, Indiana, has scaled back at four of its six plants and furloughed 400 of 525 workers, who can now claim unemployment benefits.

Are you seriously calling Bourbon Street, Main Street America? Really?

Bourbon Street was your choice to depict Main Street eh?

Bomboclaat 💥

I doubt we’ll see any direct deposit from the IRS before the end of April. By that time many of us will already be evicted.

Main Street repeat of 2008? Nah. Remember the Great Depression of 1929? That's more like it.

Umm... I have questions.😂

Canada Stimulas C$8000 per person = USD$5715 over 4 months. What did we get, oh let`s see, $1200 one time payment. I`m not that old to remember when the USA was looked up to as the 1 Country in the World, In 2016.

China govt needs to pay.

The cosmopolitan grabblers don't give a singe F about Main Street America.

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