When Dem passed phase 3 and 4 without enough strings they gave McConnell all he needed to drive this country into a long sustained depression. Things are going to get bad. Like really bad. Like local governments going bankrupt as hospitals fill up sick patients this fall.

— Jon Walker (@JonWalkerDC) April 22, 2020

I expect mega-depression. I think that has about a 60% probability now. (Two weeks ago, I would’ve said 30%.) By “mega-depression,” I mean GDP decrease by ~30%, sustained long-term, and 30-40% U3 unemployment (and ~50% U6). The “liberals” and “progressives” have done and are doing absolutely nothing to counter this and seem to have no interest in this at all.

The conservatives and plutes saw their opportunity and are taking it. Now we return to feudal world for a few centuries. This has long been their dream and now they can fulfill it. Most of them would rather be at the top of the heap of a garbage dump than just doing ok in a utopia, and they are about to get their fondest wish.