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Minneapolis Federal Reserve Bank
boss Neel Kashkari: ‘Hard’ shutdown
can save economy

Original Article

Posted By: Ribicon, 8/3/2020 2:42:49 PM

Locking the country down “really hard” for a period of several weeks could save the economy from long-term pain, the president of the Minneapolis Federal Reserve Bank said Sunday. In an interview with CBS’ “Face the Nation,” Neel Kashkari said that the only way to have “a real robust economic recovery” is to quash the flare-ups of the coronavirus that continue to pop up across the country. Shutting things down “for a month or six weeks” would allow the nation’s case count to get low enough that the government’s testing and contact tracing efforts could effectively contain future spreading, Kashkari said,

Comments:

Andrew Jackson was right about central banks. Shut everything down, then more Chinavirus cases come waltzing back in across our "Free Trade" open borders then next day.

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Reply 1 - Posted by: Ming 8/3/2020 2:46:05 PM (No. 498757)
Is everyone who works for the Federal Reserve a raging alcoholic?
42 people like this.

Reply 2 - Posted by: Jethro bo 8/3/2020 2:51:27 PM (No. 498761)
Oh super! Now the Federal Reserve is giving medical advise on how to utterly destroy the economy.
40 people like this.

Reply 3 - Posted by: jimincalif 8/3/2020 2:51:40 PM (No. 498762)
We must kill the patient to save him.
34 people like this.

Reply 4 - Posted by: hoosierblue 8/3/2020 2:51:57 PM (No. 498763)
How much did he get from Soros?
35 people like this.

Reply 5 - Posted by: Kate318 8/3/2020 2:52:32 PM (No. 498765)
Uh, huh. We’re gonna fall for the “several weeks” plan again. And, 6 months later, when you decide to open up, guess what? You’re right back in it. These people are the literal definition of insanity.
33 people like this.

Reply 6 - Posted by: PerfectSense 8/3/2020 2:53:53 PM (No. 498767)
"Hard shutdown" as in every state and federal worker is laid off and receives zero pay.
38 people like this.

Reply 7 - Posted by: privateer 8/3/2020 2:54:36 PM (No. 498769)
I trust NOTHING that comes from an evil gnome of Jekyll Island. I'm sure these Illuminazi types would love to see the USA go down for the third time...so they can buy up everything on the cheap.
17 people like this.

Reply 8 - Posted by: Jerseyden 8/3/2020 2:56:57 PM (No. 498770)
Is there anything worth while coming out of Minneapolis other than the Vikings.
15 people like this.

Reply 9 - Posted by: john56 8/3/2020 3:09:14 PM (No. 498790)
And the Vikings stink. When you go to the Vikings Hall of Fame, there is an empty case where they store all their Super Bowl trophies. The only way Minnesota gets to see a Super Bowl trophy is when they host the game. GO PACK GO! PS -- We have Super Bowl Trophies in our Hall of Fame.
8 people like this.

Reply 10 - Posted by: EQKimball 8/3/2020 3:11:47 PM (No. 498793)
After "flattening the curve" to save hospital beds, governors decided to close the economy. Fool me me once, shame on you. Fool me twice, shame on me.
23 people like this.

Reply 11 - Posted by: droopydog 8/3/2020 3:20:25 PM (No. 498802)
Isn't Kashkari the clown that JF Kerry (Vietnam veteran) kept touting as his economic advisor?
8 people like this.

Reply 12 - Posted by: HotRod 8/3/2020 3:23:52 PM (No. 498805)
Hydroxychloroquine would be quicker and have no bad collateral damage. I suspect that this idiot would continue to be paid for not working, just like all government bureaucrats! Maybe he should self-isolate, and wear a mask at all times- even in the shower!
11 people like this.

Reply 13 - Posted by: AmericaYes 8/3/2020 3:24:39 PM (No. 498806)
Kashkari worked for Paulson, Bush's guy charged with managing the economic crisis of 2007-8. He was involved in the TARP program. That effort is in the running for the worst-managed government economic programs in history. Seems he learned nothing. His shutdown idea would kill the United States economy. But maybe that's his goal. Then he and his elitist friends get to run the country without interference from the deplorables.
14 people like this.

Reply 14 - Posted by: Laotzu 8/3/2020 3:42:34 PM (No. 498817)
Every Leftist knows, it's the second time you do the same stupid thing that it really works.
10 people like this.

Reply 15 - Posted by: Historybuff 8/3/2020 3:48:35 PM (No. 498820)
Translation: I'll still have a job at the end of this.
9 people like this.

Reply 16 - Posted by: qr4j 8/3/2020 3:49:38 PM (No. 498821)
A hard shutdown, eh? How many weeks? Two to start? Then two more? Three more after that? This guy is an idiot. He must work for San Fran Nan and Crazy Uncle Joe.
9 people like this.

Reply 17 - Posted by: Hermoine 8/3/2020 3:49:42 PM (No. 498822)
Hey, look at me, I'm a magician...I'm going to show you how to hold sunshine in your hand...and if this trick works, you can also "hold" or contain a microscopic virus in your hand and then magically flush it down the toilet. He and Fauxi must have stock in the same drug company (that I am sure will, yes, magically, produce a vaccine).
6 people like this.

Reply 18 - Posted by: red1066 8/3/2020 3:50:52 PM (No. 498824)
Where's this clown been for the last five months? The shutdown did nothing but f up the economy, close schools, and put close to 40 million people out of work, and we're still hearing about the number of cases everyday. In my next life, I want to come as a complete idiot, with no common sense. That way I know beyond a shadow of a doubt I'll be friggin rich.
9 people like this.

Reply 19 - Posted by: Starboard_side 8/3/2020 4:01:15 PM (No. 498834)
What may be the outcome of all of this, is how little trust people will have of government. How some were okay with returning to work, as long as X,Y and Z social justice demands were met. How the numbers don't add-up properly, and if you took out the horrendous nursing home deaths from those 5 Dem states, and you get a much different look. And, when you realize there are almost ZERO deaths under age 18, and nearly 99% of all who contract the virus, recover. Now, you can plausibly see that many of them quite possibly have backed themselves into a corner, and can't admit they were wrong about a lot of things - the fear is people will be rightly outraged.
6 people like this.

Reply 20 - Posted by: bobn.t 8/3/2020 4:02:08 PM (No. 498836)
NUTS
4 people like this.

Reply 21 - Posted by: TrueBlueWfan 8/3/2020 4:27:18 PM (No. 498874)
Uh-uh. Not happening anymore. We are wise to this manipulation. We cannot go to the work, visit relatives or meet with friends but riots are perfectly fine and hard-left liberals can hold 6 day funeral events in 4 different cities... Just let us open up and let everyone fend for themselves. People are dying of other things while being locked up but the media will not report that.
7 people like this.

Reply 22 - Posted by: AlpineLace 8/3/2020 4:48:18 PM (No. 498886)
And finish killing off small businesses. What a wonderful well thought out idea.
4 people like this.

Reply 23 - Posted by: Mr. Know-It-All 8/3/2020 5:02:07 PM (No. 498897)
Why stop there? Let's just mandate that everybody has to wear a hazmat suit and stay in isolation in an 8x8 cell for a month. That should do it.
4 people like this.

Reply 24 - Posted by: zoidberg 8/3/2020 5:05:57 PM (No. 498898)
In other news, strangulation can improve breathing.
6 people like this.

Reply 25 - Posted by: FormerDem 8/3/2020 5:22:58 PM (No. 498907)
In his imagination that will work. But if as is likely he does not quite understand transmission and/or human nature, it won't. I say hand out HCQ and tell people to take it at the first sign of symptoms. I say these other ideas are the equivalent of seventeenth century bloodletting. Weakens the patient and does not work. Was reading the other day about when quinine was being used for malaria and some dopes said No No go back to bloodletting and wrote fraudulent books claiming it never worked. Have gone down in history surrounded by gales of bitter laughter. Fauci can join them. Kashkari also. HCQ works and nothing else. Sometimes it's like that.
2 people like this.

Reply 26 - Posted by: Strike3 8/3/2020 5:51:47 PM (No. 498927)
Democrat mandated shutdowns have no connection to coronavirus flare-ups. They are not really flare-ups they are delayed, bundled reporting to create shock value. Open all schools in September or the public school system will be destroyed by the parents who have seen better ways. Why is my real-estate tax bill right on time when the dang teachers are sitting home on their fat butts?
3 people like this.

Reply 27 - Posted by: WhamDBambam 8/3/2020 6:51:51 PM (No. 498991)
George Bush recommend him?
2 people like this.

Reply 28 - Posted by: Ketchuplover 8/3/2020 7:13:44 PM (No. 499009)
Thank heavens we've heard from another expert!
0 people like this.

Reply 29 - Posted by: LC Chihuahua 8/3/2020 7:51:52 PM (No. 499058)
Read a few weeks back that the United States lost as many as 40 million jobs thanks to the lockdowns. How many more people are they ready to sacrifice? On top of that there is no guarantee that these lockdowns will stop the disease. They haven't so far. The best option is to reopen, have people at risk take extra cautions, continue on with our lives, and make the best of things. Unfortunately that's not likely to happen with our current crop of 'leaders' at all levels. Too much money and power politics involved.
2 people like this.

Reply 30 - Posted by: Sergeant Major 8/3/2020 8:18:33 PM (No. 499074)
Mr. Kashkari, if we do have a hard shutdown I am glad that you won't miss a paycheck. You are one of the reasons the average Joe/Jane hate elites.
2 people like this.

Reply 31 - Posted by: NotReally 8/4/2020 6:51:28 AM (No. 499254)
Neel Kashkari - a name that screams kill the infidel. Minehaha Mogadishu can have him.
2 people like this.

Reply 32 - Posted by: DVC 8/4/2020 3:23:38 PM (No. 499853)
Bull.
0 people like this.

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