The “Lockdown” Has Turned America Into a Despotic, Cash-Strapped Basket-Case

“… and when we look back on this in two years time, from the ruins of our economy and the ruins of our liberty, we will want to see some kind of justice, that the people who made this decision should pay a penalty for what they’ve done.” – Peter Hitchens
Economic activity across the country has collapsed, GDP is shrinking at the fastest pace on record, and the economic data is worse than anytime in history. Every sector of the economy is contracting and every economic indicator is pointing down. According to economist Nouriel Roubini, the country is headed towards a decade of “depression and debt”, and that is probably an understatement.
What prompted our leaders to follow the path of China? Were they bullied into it by Dr. Fauci and the Vaccine Gestapo or were they simply reacting to the sudden rise in Covid cases that skyrocketed overnight? Whatever the reason might be, the country is now headed for either a short-but-severe “U” shaped recession or an excruciating-and-protracted 1930s-type slump. Small and mid-sized businesses are folding by the thousands, the states are drowning in red ink, and more people are currently unemployed than anytime in the country’s 244 year history. The lockdown has effectively obliterated the economy and left the country in ruins. Here’s some background from an article at Yahoo Finance:

“Permanent job losses are likely to be a feature of the eventual U.S. recovery, according to University of Chicago research, which estimates that 42% of recently unemployed workers will not return to their jobs amid the “profound” shock stemming from coronavirus lockdowns.
The pandemic has taken a brutal toll on the world’s largest econo