From WSJopinion: The service economy will take longer to come back, but it will do so when the public feels confident enough to venture out, writes The Editorial Board. What no one needs is another catastrophe like the second-quarter lockdown.
Democrats and their media allies have trapped themselves in a contradiction. They are deploring Thursday’s grim second-quarter GDP report even as they demand a repeat of the lockdown that caused the economic catastrophe. What do they expect when government orders Americans to sit in their homes for weeks?
That’s the main message from the 32.9% decline in GDP, the worst ever recorded. The damage extended across the private economy—from business investment to manufacturing and housing. But the greatest harm was from the collapse...
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