Denver, CO – The economic disaster created by Governor Jared Polis’ reckless “Stay at Home” and closure orders is worse than the Great Recession (2009-10).
The Colorado Department of Labor and Employment (CDLE) released new unemployment data on Thursday, April 9, 2020.
This was in the report:
During the height of the Great Recession (2009-10), $19 million in benefits were paid out on an average weekly basis. $102.8 million in benefits were paid out in May 2009, the highest monthly total on record.
From: CDLE
In the week ending April 4, 2020, a whopping $29.8 million was dolled out in unemployment benefits. The 2020 average in the weeks prior was $8.7 million.
Polis’ “Stay at Home” order is in place until April 26, 2020. With claims increasing, Colorado is easily on track to break the single-month record $102.8 million in benefits paid out in May 2009.
It is becoming increasingly clear that Governor Jared Polis’ knee-jerk reaction to the COVID-19 crisis might be worse than the crisis itself. The economic fallout from Polis’ “Stay at Home” order is looking grimmer by the day.
If that turns out to be the case, there may be a reckoning in the future for the Governor of Colorado.
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