The coronavirus pandemic is far from over, but some Americans are already demanding that the country be “reopened” so that everyone can get on with their lives. However, there are plenty of people out there who think it’s too soon to reopen and they’re making jokes online and poking fun at this idea and the protesters who support it.
Bored Panda has created this list of the very best coronavirus reopening jokes for you to enjoy, so scroll down, upvote your faves, and let us know in the comments if you agree with them.
The truth is, whether or not the US should reopen is a very complicated issue. On the one hand, reopening too soon or too recklessly can create a second wave of the coronavirus, leading to countless deaths. On the other hand, millions of Americans are suffering from the effects of the lockdown and the number of unemployed grows each day. Bored Panda reached out to financial expert Sam Dogen, creator of the Financial Samurai website, to hear his opinion about the current economic situation in America and what we can expect in the months to come. Scroll down for the full interview.
Politics aside, the US is dealing with not just a public health crisis but also with an economic one: more than 26.4 million Americans have filed jobless claims since the middle of March. That’s 15 percent of the workforce!
"If we estimate an average of 3 million Americans file for unemployment a week for the duration of the lockdown, if the lockdown lasts until July 3, we will have close to 60 million Americans unemployed by then. 60 million would be roughly a 38% unemployment rate as there were about 160 million working Americans before the pandemic began. Luckily, all states provide very generous unemployment benefits now, with some unemployment benefits exceeding 5,000 dollars a month per person!" Sam explained what we could expect if the lockdown continues for several more months.
"We currently face a difficult balance between saving the economy or saving our lives. It's survival of the richest as the politicians who decide our fate all still get paid during the crisis. Many are also very wealthy," Sam said. "If a total lockdown lasts past June 15, I think the S&P 500 hits all-time lows and it will take years to recover, not months."
He continued: "If the lockdown starts easing before June 15, with parts of the economy opening up due to better testing and a significant flattening of the curve, I think the economy and the stock market can recover 70%-80% of its losses within six months. I'm personally betting on a gradual opening up of the economy before June 15 and am looking for any real estate bargains to be had before then."
Economists are warning that the world is facing the biggest economic slowdown since the Great Depression and the International Monetary Fund expects the US economy to contract nearly 6 percent this year. While the Pew Research Center estimates that coronavirus-related job losses and pay cuts have hit roughly 43 percent of American households.
The government sent out 1,200 dollar stimulus checks to citizens as part of a 2 trillion dollar relief plan. But some Americans believe this is a stop-gap measure that will only temporarily keep people afloat.
Meanwhile, some people participated in protests around the country and demanded that politicians reopen the economy. President Donald Trump showed his support for these protesters, but other politicians are divided about what to do. Some have signaled their support for the President and the protesters; others warn that it’s too soon to reopen. New York Governor Andrew Cuomo recently announced that his state would extend the quarantine until May 15.
"We still have to make sure we keep that beast under control as we all get very eager to get on with life and move on. This is only halftime in this entire situation," Cuomo said.