Hasnain 1

Syed Hasnain

Professor Hugetz

ENG 1301-05

26 October 2020

Corona Virus impact on the Economy

Opening the economy during this pandemic has greatly impacted the economy in a

positive way and has made the world’s economy better than when it was closed. During this

pandemic, the unprecedented $2 trillion-plus corona virus bailout shows yet again that

determining the winners and losers in the United States economy is not a story about market

outcomes; it is a story about how the rules get made. The idea that the wealthy in

the United States are disciplined complete nonsense. The wealthy are the people who have

structured the market to ensure that they get as much money as possible. We should learn from

their playbook. We can structure the market so that income and wealth do not flow upward, and

to ensure that the benefits of the economy are broadly shared. This means that if we did not open

the economy, we as a country would have lost more money. This would also affect the

unemployment rate that at the moment is skyrocketing because the economy for months. This is

why opening the economy is a huge part in why political people, also economist believe that the

economy should have never been closed, and also why it should have been open through the

corona virus.
 Hasnain 2

The thought of the corona virus being a deathly virus has a real impact on the economy.

However, if we look at the statistics of our economy. We can see if we did not open our

economy we would be really in a bad situation. We would lose a lot of money. These two sides

disagree a lot because of the affect it can have on our country. The people that want to open the

economy want to make money and get this country back on track. However, there are other

people who want to close the economy are trying to have less cases of this diseases.