Former Wall Street exec drops stunning prediction on damage Trump will inflict on US if he rushes businesses to reopen

Former Wall Street exec drops stunning prediction on damage Trump will inflict on US if he rushes businesses to reopen
Image via Screengrab.

Appearing on CNN early Sunday morning, a former Wall Street executive warned Donald Trump that, if he rushes the country to get back to normal before the doctors give the go-ahead, he could do damage that could take a decade to fix.


Speaking with host John King, Alexis Glick, who currently is the CEO of GENYOUth, was asked by the host about the president’s desire to get the economy up and going while the coronavirus continues to ravage the country.

‘The president talks about a rocket ship,” King began. “You’re in the Bill Gates camp, that the damage here is so deep it’s going to be building blocks.”

“That is precisely right,” Glick replied. “What we witnessed over the past four weeks is essentially economic carnage. We’ve never experienced anything like this. You know, there’s no playbook. and so what we’re seeing the economy do right now is seize up.”

“When you mention those jobless claims — over 15 million jobless claims in the last three weeks — there are some predictions as many as 40 million people may lose their jobs. we’re in completely uncharted territory. and for us to think we can open up as usual even in a staggered approach is far too early in the spectrum,” she continued. “This is a case where politicians or business leaders, all of us are going to look to the direction of the health professionals. We need to choose life over the economy and right now moving too quickly could leave us in a much more dire situation.”

“Many folks, John, talked when this started about a V-shaped recovery,” she added. “If we’re not careful how we open this economy, we could find ourselves in an L-shaped recovery; one that takes us a decade to get out of this.”

Watch below:



#story_page_post_article

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ post.roar_specific_data.api_data.analytics }}

Don't Sit on the Sidelines of History. Join Alternet All Access and Go Ad-Free. Support Honest Journalism.