Varney: Memorial Day weekend will be an economic test
FOX Business’ Stuart Varney on how Memorial Day weekend could cause an economic rebound.
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FOX Business’ Stuart Varney, in his latest “My Take,” argues that Memorial Day weekend will be a test of economic strength since Americans will be spending time and money outside coronavirus lockdown.
“This is going to be a test,” he said. “How many of us will use the break to get out and about? How many will support the stores and restaurants that are allowed to open? In short, will we, as a nation, bring this economy back to life this weekend?”
Varney said he believes it’s “imperative” Americans try to revive the economy this weekend since our nation has already lost 38 million jobs, witnessed bankruptcy among businesses and states, and experienced a lockdown that’s created a mental health crisis.
VARNEY: IT'S TIME TO OPEN THE ECONOMY, SET PEOPLE FREE
“And a Treasury that’s bleeding trillions,” he said. “It’s time to open up!”