re: Why does our economy have to tank in this setting?

Thought crossed my mind today that I hope this type of thing isn't the new War on Terror. We can't be shutting countries down every couple of years. This had better be a once-in-a-lifetime type of event.

Also, I think you're going to see some politicians and figureheads try to use this as the tipping point in the push for socialized medicine in the U.S.

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Can we learn from this and be proactive? Because, the reality is that something like this will happen again...it's not a matter of if...but when. So, can we enact legislation to protect the economy (our businesses and people) and activate it when a new nasty bug takes off from God knows where. Businesses and regular folks will need protections from creditors for the duration of the social isolation and pause...banks will need to hold cash reserves to protect themselves with federal insurance to protect them after a given time span...and furloughed employees will need temporary employment income (not as much as normal as the legislation needs to allow for pauses w/o penalties for mortgage and major utility bills). With this kind of proactive legislation, we can allow the president to pull the rip cord before the pandemic precautions go into effect and keep the economy from tanking and the market from overreacting. Just an idea to kick around. Sounds better than patchwork bailouts that costs trillions!

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