The Mainstream Media Warns America Will Be Facing An “Economic Hellscape” If The Government Shutdown Continues – Michael Snyder
Is the mainstream media overhyping the economic impact of the government shutdown for political purposes? Of course they are. Once upon a time the mainstream media in the United States at least attempted to maintain a facade of objectivity, but those days are long gone. In this case, they want to stir up as much public resentment against President Trump as possible in order to try to force him to end the government shutdown. And when NBC News breathlessly declared that the U.S. “would face an economic hellscape” if this shutdown stretches on for an extended period of time, their article quickly went viral all over the Internet.
But will it really be “an economic hellscape”?
Here are some of the things that they say we will be facing in their “doomsday scenario”…
- 38 million low-income Americans lose food stamps
- 6 million face an uncertain timetable for collecting tax refunds
- 2 million without rental assistance and facing possible eviction
- 800,000 paycheck-less federal employees plunged into dire financial straits
- Shuttered parks and museums while overstressed airports cause tourism to tank
- Federal court system slows to a crawl
- Disaster relief money doesn’t get to storm-ravaged areas
Yes, things would certainly be unpleasant for a lot of people, and there would be a whole lot of anger around the country.
But such a scenario does not qualify as “an economic hellscape”. I would encourage the folks over at NBC News to pick up a copy of The Beginning Of The End if they really want to know what the initial phases of a major economic crisis scenario could look like in this nation.
The most alarming item on their list is the fact that 38 million Americans could soon lose access to food stamps. According to the U.S. Department of Agriculture, that will officially happen by the end of February…
By the end of February, the Supplemental Nutrition Assistance Program, or SNAP, run by the Department of Agriculture, would be out of funding — meaning almost 40 million low-income Americans could find themselves struggling to pay for food, said Joseph Brusuelas, chief economist for the accounting firm RSM US.
Things would certainly be tough for a lot of low income people, and there would be a lot more traffic at shelters and food banks, but nobody would starve to death.