June 1, 2020 – There are an estimated 30 million small businesses in the United States that employ close to 60 million people. Due to COVID-19, many of them have been shut down for close to 3 months, leading to record layoffs, a spike in corporate bankruptcies, and the highest levels of unemployment since the Great Depression. For these reasons and more, the question many Americans are asking is whether the cure was worse than the disease and whether this will remain as a temporary shock or a more drawn-out affair. In today's Financial Sense Newshour podcast, Jim Puplava and Cris Sheridan discuss the latest economic data as well as research showing how political affiliation—not COVID infections or fatalities—played the largest role in governor shutdown decisions, and much more.
Mentioned during this show:
- What's drove governors' lockdown decisions? (University of California study)
- Downstate judge blasts Pritzker’s stay-at-home-order: ‘Americans don’t get ruled’ (Chicago Sun-Times)