Economics Thread

our unemployment benefits pay like 30-35%

but some of those same countries have blocked evictions and foreclosures too

much less not for profit healthcare to burden the people if they get through this

would be cool if we would catch up to the rest of the modern world
 
nsacpi said:
Actually that's not accurate. The benefits being channeled through unemployment insurance and the Payroll Protection Program are pretty generous. I think there are a lot of people who have not applied for unemployment benefits who are in fact eligible under the expanded rules. There are some state systems that have been overwhelmed, but hopefully that is sorted out soon.
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caveats --- hmmm

unless of course ...
or if this or that ....

this is an overview of how in the immediate weeks this was approached by other ... I dont even know what to call them anymore.
Because we are so far below --- based on standard of living - --- that it virtually impossible to place our response to that of say -Canada . S Korea.

I am sure our resident baseball message board "economists" will parse and bullschit around it but --- the numbers are the numbers.
Groups of numbers that paint a picture are called --- data ?

The note most striking to me is "that may take months to arrive"
 
goldfly said:
our unemployment benefits pay like 30-35%

but some of those same countries have blocked evictions and foreclosures too

much less not for profit healthcare to burden the people if they get through this

would be cool if we would catch up to the rest of the modern world
Click to expand...

its being topped of by $600 per week
 
57Brave said:
caveats --- hmmm

unless of course ...
or if this or that ....

this is an overview of how in the immediate weeks this was approached by other ... I dont even know what to call them anymore.
Because we are so far below --- based on standard of living - --- that it virtually impossible to place our response to that of say -Canada . S Korea.

I am sure our resident baseball message board "economists" will parse and bullschit around it but --- the numbers are the numbers.
Groups of numbers that paint a picture are called --- data ?

The note most striking to me is "that may take months to arrive"
Click to expand...

i'm an economist in real life
 
I knew that.
didnt see the word "channeled"
...

never the less, the numbers are the numbers and like I said an overview
 
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The extra $600 per week above normal unemployment benefits is very generous. And eligibility has been expanded.
 
nsacpi said:
But you're not wrong to be concerned. The lines at food banks show that there is a large group not getting help. There needs to be some canvassing to find out why they are falling through the cracks.
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I was wrong to not scratch the surface a little further --- my concern goes to income inequality where even in some cases and locales the possibility that $600 a week + unemployment will still not be enough to pay rent/mortgage utilities and food for a family

Erased was a whole screed on how the minimum wage weighs into the stimulus. Again the haves and have nots and reasons why such a divide.
The examples I used began with people whose job it is to empty bed pans. During normal times we can safely assume that is a minimum wage job.
Today we have a better understanding of just how valuable that service is.

On the other side of the coin
Equate another minimum wage worker whose job is not deemed essential.
Didnt Munchin or some southern senator opine that people could feasibly make more during the stimulus ?
In this case, the the essential bed pan emptier could make less than their fellow furloughed minimum wage worker


What a screwed up system we live under.

Reading Andrew Yang through the past few weeks has been a trip
 
cajunrevenge said:
17 million jobs in 3 weeks now. What do you think candidate Trump would say about that?
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He’s basically telegraphing the strategy of blaming the economy collapsing on Governors Cuomo and Newsom, and claiming his miracle drug saved America, which will turn into a conspiracy theory about the Left stifling it if casualties are too high.
 
Also “leftists”: would we be in this situation if he wasn’t holding his propaganda rallies and gone golfing when we could have used those 7 weeks to be better prepared
 
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I actually started posting Obama facts right after you posted a twatter by Candace Owen's that deliberately took stats out of context to smear black people. The stat was that 80% or so of violence against blacks was committed by black people which leaves out that roughly the same(I believe its higher) of violence against white people is committed by white people. You said "what do you have against people just posting facts". Well here I am posting Obama facts and you get butt hurt about it. It's almost like you have some kind of Derangement Syndrome with Obama. I dont agree with him a whole lot but at this point he is the Jackie Robinson of Presidents and you and thethe are the white hecklers in the crowd.




I do not accept the narrative that this **** with the virus was unavoidable. I dont know what would have happened under anyone else but I do know Trump is both incompete and corrupt. What I do know is exactly how candidate Trump would be politicizing this. I actually made it point to make my posts more Trump because you and thethe are smart enough to see what he is doing, youbjust refuse to acknowledge it unless someone on the one team does it
Case and point, whatsaboutisim.




Speaking of which. You were against the bank bailouts. We know that not doing it would have caused am even bigger financial crisis yet I dont think you would have given Obama any slack for the economic problems eventhough you supported no bailouts. I think I have been amazingly consistent in what I support. Marijuana legalization, same foreign policy, and fixing the nooe thatis our criminal justice system. I am more than willing to compromise in a few areas to get some of my goals. I would also point out that I did not consider marijuana legalization a hill to die on until it was favored by more than half the country.



I gave Trump far more of an chance than he deserved. I was here saying how bad could he be. But I was wrong about that. Instead of resigning the budget in he ran record deficits trying to supercharge the economy rather than being fiscally responsible just sone can fool people into thinking be is economic Jesus. Here we are now 30 trillion over his stated budget and we were actually less prepared for a significant event that many people have predicted was going to happen one day.
 
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