May 13, 2020
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About this Deal
President Donald Trump wants to restart the economy by ending the lockdowns and getting people back to work. However, based on U.S. spending, employment and consumption data, the economy started crashing well before lockdowns began in mid-March. Demand for transportation and other services began to collapse in mid-February and early March due to COVID-19’s dangers, and isn’t likely to naturally return to pre-crash levels until the risk of the virus recedes.
In late February through early March, COVID-19 deaths in the United States were about 20 to 30 per day. The daily U.S. death toll is now 1,000 to to 2,000 (and tens of thousands of Americans require hospitalization for severe symptoms). Polling data show that many Americans are reluctant to resume discretionary activities under the current circumstances. For example, 72% of fans in a recent survey said they wouldn’t attend a game at a stadium until a vaccine is available.