The Former New York Stock Exchange chairman Dick Grasso: Protests may delay the recovery of the U.S. economy

Information verified correct on June 4th, 2020

Today we are in a comparable situation to 1968 the rioting in the streets preceding the election in November of that year. I think the death of George Floyd is a very deep tragedy.

Our hearts go out to his family and to all of those who feel that there is a terrible and pressing need for judicial reform in our country.

However, the peaceful demonstrators are being overshadowed by these rioters and looters and so-called Antifa. It’s going to affect our economic recovery.

We’re just coming out of the coronavirus shutdown and stores, and particularly, small businesses are so vital to our economic performance.

Remember, two-thirds of our GDP is consumption. We need the streets to be safe and clean so that people can come out again and enjoy restaurants, theaters, and retailing.

Until we get the anarchists off the streets, we’re not going to have that. So we’re going to see a little bit of a delay in the economic backswing that is coming.

Dick Grasso

Our country was very successful in rising from the riots of 68, and we’re going to be successful in rising from these riots. I believe the peaceful protesters who seek justice for Mr. Floyd and his family will be satisfied that judicial reform and justice is coming.

We have got to depend upon the mayors and the governors. As the President has said to get out there with their local resources policing and backed up by national guard to clear the streets of Antifa.

The protest is part of the American way of life, but rioting, looting, and anarchy are not. That’s got to stop.




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