Paul Hannon and Saabira Chaudhuri wonder, in their Wall Street Journal piece, whether we’ll have the V-shaped recovery that President Donald Trump confidently predicts, or whether we’ll have a swoosh-shaped recovery a la the Panic of 2008 recovery. They don’t, though, seem to recognize key differences between the two situations, beginning with the underlying causes of the two dislocations.

The Panic was driven by economics: a credit crunch. The present situation is created by a Government-mandated closure of our economy in response to the rapid spread of the Wuhan Virus and its perceived danger; economics has nothing to do with it.

Recoveries from these also will be driven by entirely differing responses, as well.

The Panic of 2008 had a swoosh-shaped recovery because Obama’s regulatory environment inhibited recovery with its excessive and excessively micromanaging regulations, which produced the slowest post-recession recovery since WWII.

Whether the recovery from the Wuhan Virus situation and its associated government-mandated turnoff of our economy will be V-shaped or swoosh-shaped is yet to be seen, and its shape will be heavily dependent on how timid employees and employers are about reopening and consumers are about going out and…consuming.

The present recovery also will be heavily influenced by Progressive-Democrat governors standing in the way of reopening and recovery with their excessive and excessively long lockdown diktats.