The economic impact of the 2008-2009 recession was estimated to cost nearly $22 trillion dollars. The emotional devastation to families from lost jobs, foreclosed homes, small business closures, shrinking investments, and overwhelming stress was harder to measure, with some studies suggesting there was an increase in suicides while other studies suggested that prior work did not account for seasonal patterning and unique trends by age and gender.
Bottom line: The Great Recession was, for many, thought to be a once in a lifetime event.
And then 2020 hit.
The economic and emotional impact caused by federal, state, and local government response to COVID is yet to be fully calculated. But what is evident is that the impact will be greater than that of The Great Recession. The past year already saw an increase in business closures, social unrest, and suicides. And it is hard for some to understand what a post-COVID-19 America will look like.
One day after the “storming of the Capital” occurred, Bob Zadek, host of The Bob Zadek Show, a Libertarian talk show broadcast live on AM stations in SF, Seattle, Sacramento, Portland, Denver, and other markets was a guest on The Military Wire to discuss a post-COVID America from a Libertarian viewpoint. For those who don’t know what it means to be a Libertarian, essentially, they believe in small government, less taxes, and personal freedom. All of which appear to be MIA in America. The goal, originally, was to discuss COVID and the impact – both from a health perspective and an economic perspective, and we did; but that conversation quickly evolved into discussing the storming of the Capital since it occurred the day before this interview.
Bob is truly engaging – and he does not hold back. It’s not often that I get called a “Big Phony” on my own show – but that’s exactly what Bob called me when I presented my solution to the storming of the Capital and social unrest in America. Of course, Bob is also a lawyer, so I really wanted his “call-out” to be about semantics…but it wasn’t. He raised a good point – and you’ll just have to listen to discover why I agreed with his point.
But I still believe the solution to unrest is exactly what I suggested – with a slight modification.