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The problem with the economic side is that if it lasts more than a few months, it then takes on its own momentum, if you look across the United States and across other countries, the unemployment rate can go up very quickly, but it cant come back down very quickly. It never has. A business whose balance sheet is in tatters after nine months without revenues might go bankrupt, it might go out of business, or it wont be in position to hire people back immediately even if demand returns.

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FOX News 4 years ago
Jason Furman

Jason Furman

Jason Furman (born August 18, 1970) is an economist. On June 10, 2013, Furman was named by President Barack Obama as Chairman of the Council of Economic Advisers (CEA).

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    "Jason Furman Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 10 May 2024. <https://www.quotes.net/citizen-quote/355592>.

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