Economics Thread
- Thread starter sturg33
- Start date
sounds like more tax cuts incoming.
chop2chip
Well-known member
Agreed. And keep posting. I find your posts to be very insightful.
Keep the faith, friends. There is a lot to be worried about, but we are uniquely positioned in our history to combat this.
nsacpi
Expects Yuge Games
I've seen comments about "culling of the herd" with respect to this virus. This is going to be very much true of businesses. The Amazons and Walmarts are going to come out of this in an even more dominant position. The small businesses who competed with them will be wiped out. Small businesses generally will be decimated by this, even the ones who don't compete with giant corporations. Regaining the jobs lost due to small businesses not being able to restart will be the part of the recovery that will probably not happen at all or only to a limited extent.
57Brave
Well-known member
Completely agree
would like to add
I have found the past 10 days everyone's posts insightful whether we agree or not.
Personally have learned more about the situation here than anywhere.
Keep it up
chop2chip
Well-known member
I second that. Be safe, my communist friend. Wish the best for you and your family.
nsacpi
Expects Yuge Games
The most important lesson in all this: when it comes to important matters of public policy think it over carefully and dont simply do what the Italians are doing.
Said with all due respect to my Italian friends.
I've been dumbfounded by how little thought has been given to how economically damaging a path we've embarked upon in the name of flattening the curve. It's not too late to reconsider some of these decisions.
Said with all due respect to my Italian friends.
I've been dumbfounded by how little thought has been given to how economically damaging a path we've embarked upon in the name of flattening the curve. It's not too late to reconsider some of these decisions.
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nsacpi
Expects Yuge Games
This is where quality of laidership comes in. There hasn't been any from chosen one. So the governors have set the course. They have been motivated by a very noble desire to save lives. A competent president would have made sure we would have struck a better balance between not ruining the economy and saving lives. We rushed headlong into this situation without giving ANY thought about how to strike the right balance between these two things.
57Brave
Well-known member
Binyamin Appelbaum
@BCAppelbaum
·
35m
The stock market is going to crash tomorrow morning and it's
important to understand that the problem isn't the failure of this GOP bill.
The problem is that the GOP failed to propose a bill that
protects American workers from economic catastrophe.
clap -clap - clap
@BCAppelbaum
·
35m
The stock market is going to crash tomorrow morning and it's
important to understand that the problem isn't the failure of this GOP bill.
The problem is that the GOP failed to propose a bill that
protects American workers from economic catastrophe.
clap -clap - clap
nsacpi
Expects Yuge Games
correct...Mitch needs to wake up tomorrow morning and write a better bill...the bill he wrote was a non-starter
57Brave
Well-known member
https://www.theatlantic.com/ideas/archive/2020/03/denmark-freezing-its-economy-should-us/608533/
In weeks—even days—Denmark’s aggressive response could be a blueprint for how the world can avoid another Great Depression.
In weeks—even days—Denmark’s aggressive response could be a blueprint for how the world can avoid another Great Depression.
nsacpi
Expects Yuge Games
Most countries, including us, will eventually do something similar. The details are important. But so is speed. I would keep it simple. Send checks out. Expand unemployment benefits to gig and part-time workers who have lost jobs. Send more and bigger checks out if unemployment rate rises above certain thresholds. Help small businesses with rent and other fixed costs. Do not bail out large businesses who have access to capital markets. If necessary help them restructure through the bankruptcy process.
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Dude adjourned the Senate the entire weekend last week... while the House stayed to try and pass stuff.
Mitch threw this pathetic bill up because he knew the headlines would read "No compromise, not enough Dems vote with GOP". This is just to keep the Trump supporters happy so they can blame Pelosi and Schumer, without actually seeing how terrible this GOP bill is. It's worked because my MAGA friends on social media have already shared articles blaming Dems. He never had any intention of this being serious.
They will finally pass a bill, and then Trump will look like a hero.
nsacpi
Expects Yuge Games
Pelosi and Schumer need to hold firm against the slush fund.
nsacpi
Expects Yuge Games
[tw]1241935285916782593[/tw]
I agree with this. If we continue on our current path for another month or two, we will have a dead economy. With all the social dislocation, hardship, and yes deaths that this entails.
If we kill the economy while flattening the curve, I'm not sure we come out ahead. Tough choices.
I agree with this. If we continue on our current path for another month or two, we will have a dead economy. With all the social dislocation, hardship, and yes deaths that this entails.
If we kill the economy while flattening the curve, I'm not sure we come out ahead. Tough choices.
nsacpi
Expects Yuge Games
chosen one did this last night and I give him credit
States should always have the right to do what they want but the federal government can then impose intrastate travel restrictions. Will be an interesting development if these two things happen.