Trump is the only leader the US has right now. He is the only one thinking weeks and months ahead not 1 day at a time. We need to think beyond containing the Virus and make sure the US Economy survives it.
The number of critical cases is 5%. The total number of US Cases is about 85,000. total US population is about 331,000,.000. We cannot destroy the US, and the Worlds, economy out of panic and fear.
There has to start being some rational thoughtful cost benefit analysis. This “fear” mindset we developed over the last few decades needs to be fixed. We throw ourselves into a panic and demand “Government Do SOMETHING” just about weekly over some “crisis” without ever thinking through the costs and problems the “solution” creates. This response to the Virus is the best example
People have to deal with the world as it is right now, not as they wish it would work. There is NOTHING any human can do to make you 100% safe. We need to stop thinking it can be made so.
The US Economy cannot be locked for months without triggering a 2nd Great Depression.
Corporations employ tend of millions of people. Corporations are everything from your local privately own gas station down the street to massive operations like Ford or Delta Airlines.
Corporations have debt they have to play just like people. For example, When they build a new store or plant, they borrow money to finance the capital expense. In addition, they do not usually pay cash for daily supply deliveries. Those are purchased are made on credit with 15-30-45-60 days terms to make payment. All those debt payments still have to be made even thought the Government shut them down or put a lock down on their customers.
Here is an example. I work for a Food Manufacturing corporation that employs about 5,000 people nation wide. Due to the loss of business from the slow down, they just cut all Executive and Sr Management salaries 20%. If this goes one 2 more weeks, they will cut middle management salaries, if it goes on a month they have to cut all salaries. After that they start laying off worker bees like me and shutting down production lines. Why? Because they have to have the money to make their debt payments now and hope they can make it up to employees later.
We are lucky. We are considered an “Essential Business” so we are not shut down like the Airlines or the Car companies. The US, and the World, are on the brink of a financial crisis like nothing seen since the 1929.
Those credit bills have to be paid even if businesses are shut down by Government order. The people supplying them need to be paid so they can pay their suppliers and creditor and so on and so on.
If they are not paid, this will trigger a cascading financial default on scale with what happened in 1929. We not talking about just crashing our economy here, we talking trashing the worlds economy if this is not addressed
The US has to be getting back to work in weeks, not months like the hysteric liars in the professional political class, and their shameless toadies in the Fake News, are trying to convince you.
This is the Cloward-Pivens they have been waiting for.
And yet if we reopen too early and our healthcare system gets overloaded the economy will crash anyway. How’s Italy’s economy doing these days? Our economy has survived and recovered from worse than this. But you can’t bring the dead back to life and there are only so many ICU beds and medical professionals around. As you said, people have to deal with the world as it is, not as they wish it would work. I’d like to go back to work and the gym soon without making a public health crisis worse but that’s not the world we live in now.
The struggles of businesses both great and small are why Congress passed the coronavirus stimulus bill and why many evictions and utility shutoffs are being postponed.
Exactly so.
I agree, it is almost as if the Democrat leadership and the Media are hell-bent on turning our Country into another Venezuela.
Yes, it is a nasty flu bug, and potentially fatal - but you don't destroy your Nation because you hide under a bed because of fear.
Although I'd say it is time to get on with life now - I'd be also OK if the Fed's were to establish some tangible guidelines along the lines of 'We will end the shutdowns once we get 20 (or X) Million Ventilators into the system'. And we could track the the production/distribution of the ventilators, and then stop the shutdown once the number was hit.
This perpetual 'duck and cover' until the infection curve 'flattens out', or until no one sneezes anywhere in the United States, is absurd.
Thank you. You summed up exactly how I feel about it.
I’ve managed to avoid getting into any pissing contests here over the issue, but I’ll tell you, I watched them take our beautiful, raging locomotive of an economy, and slam on the emergency brake.
And then they borrow two trillion dollars to just give away? Morally, the only people who should be getting anything are people and corporations who have paid taxes. Give them some of their money back.
Now, if this bloated tax dollar give-away actually gooses the economy at the time we’re all going back to work, then I will admit I’m wrong about it. But right now . . .
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