President Trump should institute a 30-day shutdown to avoid "economic pain" created by the coronavirus outbreak, Pershing Square Capital Management founder Bill AckmanA prolonged stay-at-home period would curb defaults and foreclosures as the US economy faces its biggest challenge in years, the billionaire investor said. The government should keep only essential services open and pay wages during the unprecedented holiday.
"Mr. President, the only answer is to shut down the country for the next 30 days and close the borders. Tell all Americans that you are putting us on an extended Spring Break at home with family," Ackman wrote. The country has so far reported 115 deaths and more than 6,500 cases across all 50 states. The virus' ability to go undetected contributed to a spike in confirmed cases through March, and the country's exposure will continue to soar if actions aren't taken immediately, Ackman said.
"With exponential compounding, every day we postpone the shutdown costs thousands, and soon hundreds of thousands, and then millions of lives, and destroys the economy," he tweeted. "Please send everyone home now. With your leadership, we can end this now." Other economies would likely follow the US if such drastic plans are put in place, he added, saying a "global Spring Break will save us all."The pandemic has already slashed economic activity through stay-at-home orders, business closures, and event cancellations. Numerous companies have lowered their revenue estimates for future quarters as the outbreak stifles demand and disrupts complex supply chains.
Is he going to pay our bills and keep all business afloat
Get on the mega phone and tell all the Brad and heathers to stay home
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