Daniel Greenfield, a Shillman Journalism Fellow at the Freedom Center, is an investigative journalist and writer focusing on the radical Left and Islamic terrorism.
Americans have $1.3 trillion in personal savings. A study published in The Economics of Disasters and Climate Change found that the coronavirus pandemic will result in between $3.2 trillion to $4.8 trillion in GDP losses. That approaches the economic output of Japan.
Much of those losses were caused by the lockdowns which could result in a 60.6% fall in GDP.
Governors, most of them Democrats, destroyed three times the household savings of the country, not just as an abstract number by piling on more debt and adding more infinite zeros to an impossible number, but by actively destroying small businesses on an unprecedented scale.
The results won’t go away when the virus does. Much of the country may never recover.
The sheer scope of the destruction may-- excerpt, rest at link above --
"I wish it need not have happened in my time," said Frodo.
"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."