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Another Lockdown? Major Warning Issued

by Market FinancePosted onJanuary 3, 2022January 3, 2022

Here is what’s happening…

Top economist Stephen Moore has just issued a warning to politicians and is telling them not to consider another lockdown of businesses, restaurants and schools as the COVID-19 omicron variant tears through the United States and cases surge.

In a recent interview with “Varney &  Co.,” Moore warned President Biden and other leaders not to fall victim to another “political panic” and shut everything down because it would be detrimental to the American economy. 

Moore warned, “I have three big concerns going into this new year in terms of the stock market and economy.”

He then said, “Number one, what you just mentioned, is the threat that we have in another political panic as we did at the beginning of 2020 and we start shutting things down in the economy. That would be disastrous. You know, the left loves to talk about following the science. The science is very clear that lockdowns and shutting down small businesses and restaurants and schools was a failure in terms of mitigating the effect of this virus. So I’m worried about it. I am worried about — you know, there’s something like 2,500 schools that are closed today, Stuart, and not because of the weather — probably another few thousand because of the weather — but because of the virus. And that that’s a big mistake.”

Moore appears to be very concerned about another lockdown and rightfully so. If President Biden decided to lockdown the country once again, Americans will be furious. Additionally, another shutdown would result in taking away all of the economic progress made since the last lockdown.

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Published by Market Finance

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