Economics Thread

Clayton Cubitt liked
Robert Reich
@RBReich
·
2h
Whole Foods, which is owned by Amazon,

wants employees to "donate" paid time off to

each other during the coronavirus outbreak.

At the same time, Amazon paid a 1.2% tax rate

on $13B in profits last year.

If this isn't the epitome of corporate greed,

I don't know what is.
 
Speaking to the tweet of Ms. Kendall



Bernie Sanders
@BernieSanders
·
4h
We must expand the Meal on Wheels program,

school lunch program and SNAP so that no one

goes hungry during this crisis.
 
Krgrecw said:
What a moron
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Bernie Sanders
@BernieSanders
·
2h
If this situation isn’t a red flag for our current dysfunctional

and wasteful health care system (fill in the blank) , frankly, I don’t know what is.


snowballing / unrealized consequences
 
73a9333ae9161d2ce3ff152c9b7eb5a4ebeaf609.jpg
 
nsacpi said:
My tastes in economic policy run toward simplicity and elegance.

Here is a simple and elegant plan for dealing with this (and any) prospective downturn.

Send a check of $2,000 to every household that files a tax return this year (half of that amount to individual filers).

Send another check of $4,000 to every household (half for individual filers) if the unemployment rate rises above 4%.

Send another check of $5,000 if unemployment rises above 5%.

Send another check of $6,000 if it rises above 6%.

And so forth.

If we inscribe this in law, we will truly have a powerful system of automatic stabilizers.
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What the Fed did was helpful but not nearly enough. The bill the House passed is helpful but not enough.

We will have to use fiscal policy (injecting purchasing power into the economy) in a very aggressive way.
 
They've halted trading - Emergency Pause for 15 minutes - 3 times in 6 days. If only the federal government was as pro-active with the Health Departments.
 
Romney proposed sending a check to adult Americans in the short term to help stimulate the economy or keep it afloat for people unable to work due to COVID. Which got me thinking...

Bush saw the writing on the wall in 2008, and had no choice but to ask Pelosi to save him because he didn't wanna be known for allowing the Great Depression 2.0. While some conservatives were against TARP, it was passed with a decent amount of bipartisan support if memory serves me correct.

Trump has to see the writing on the wall here for the economy, and as much as I think he's an idiot, he couldn't be that stupid to not go along with the plan Romney is proposing or something like it. Even Kudlow said he could get behind some of these stimulus checks.

The question is, the right called SOCIALISM SOCIALISM SOCIALISM when the Dems and Obama tried to pass the stimulus in 2009 to help jumpstart the economy during the Great Recession.

Will Trump live by the sword and die by the sword, or will he cave in and allow SOCIALISM SOCIALISM SOCIALISM to help prevent him from being Hoover 2.0 and almost guarantee him losing re-election.
 
The Chosen One said:
Romney proposed sending a check to adult Americans in the short term to help stimulate the economy or keep it afloat for people unable to work due to COVID. Which got me thinking...

Bush saw the writing on the wall in 2008, and had no choice but to ask Pelosi to save him because he didn't wanna be known for allowing the Great Depression 2.0. While some conservatives were against TARP, it was passed with a decent amount of bipartisan support if memory serves me correct.

Trump has to see the writing on the wall here for the economy, and as much as I think he's an idiot, he couldn't be that stupid to not go along with the plan Romney is proposing or something like it. Even Kudlow said he could get behind some of these stimulus checks.

The question is, the right called SOCIALISM SOCIALISM SOCIALISM when the Dems and Obama tried to pass the stimulus in 2009 to help jumpstart the economy during the Great Recession.

Will Trump live by the sword and die by the sword, or will he cave in and allow SOCIALISM SOCIALISM SOCIALISM to help prevent him from being Hoover 2.0 and almost guarantee him losing re-election.
Click to expand...

Its Keynesianism...socialism's less sexy younger sister
 
Did they shut down trading for a 4th time just before close to keep it from dropping more than 3,000 pts in one day? Would that make a difference?
 
The Chosen One said:
Probably hoping for a Hail Mary miracle that Trump won’t continue to make things worse.
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If you think the markets care about trumps words for this you are dreaming. Investors are seeking the virus ravage europe and are uncertain how many seed infected have been planted around the US.

No response could have addressed this issue. Social distancing is the only cure for such a contagious virus.
 
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