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Economic Illiterates Are Running Amok
Townhall.com ^ | April 10, 2020 | Kurt Schlichter

Posted on 04/10/2020 3:58:07 AM PDT by Kaslin

One particularly terrifying consequence of the Chinese Bat Soup Virus that is not yet getting the attention it deserves is how this situation is making already stupid liberals even dumber, especially when they sound off about economics. In the wake of this pandemic, we’ve been subjected to a series of mind-numbing insights from the pinko blue check brain trust that reaffirms the clichéd but true observation that our elite is anything but elite. Leave it to our liberal betters to take a bad situation and seek to make it exponentially worse.

For example, Sally Kohn – oh, you know where this is going – offered an astonishing observation just as the Democrats were obstructing the vital relief our small businesses desperately need:

“I'm really tired of reading how business owners are "forced" to layoff workers. No one made them do that. They *chose* to do that. Not saying it isn't a hard choice, during a hard time, but to say they were *forced* obscures their agency AND casts owners/CEOs as the victims.”

If that hasn’t plunged your IQ to new depths, consider ever-dumb Congresswoman Ilhan Omar (D-Minnesota), who tweeted out this brainstorm:

“We need to cancel rent until this crisis is over.”

Wow. Her economics advice is even worse than her relationship advice.

Okay, it seems like you would not have to explain this to allegedly educated people, but apparently there are still some people who need a lesson in Economics 101. Since I actually own a business, perhaps I have a perspective that C Tier social media personalities and commie grifters could find illuminating.

Here goes.

Are you people stupid? What the unholy hell are you thinking? When there is no income, what do you expect a business owner to pay his employees with? IOUs? Monopoly money? Feelings?

Oh, maybe the boss of that local pizza restaurant that the cough police closed down should just go downstairs to the basement vault in his mansion, pop open the door and take out one of those dozens of big sacks with dollar signs on them that are stuffed with $100 bills and use them to meet payroll. And rent. And insurance. And supplies. And maintenance. And so on. And so on. And so on.

Because that whole thing about cash flow? No, it’s not a thing. It’s a myth! It’s just an illusion for those tuxedo n’ top hat-sporting fatcats who run the local pet stores and such use to fool the proles into believing that there’s not some bottomless well o’ cash these tycoons can draw upon forever.

Yeah, these bigwigs are claiming they are running out of money, but Sally sees through their web of deceit! But in a way she is right – it is kind of a choice. Of course, the choice is bankruptcy or layoffs. And either way, those employees are out of a job.

But the real tragedy would be if people might see “owners/CEOs as the victims” even though they are victims too.

You wonder if people can be this dumb and then you go on Twitter and yeah, people can absolutely be that dumb.

Or even dumber, if that’s even possible.

Really, Mrs. Brother? “Cancel rent?” I guess the president would just use that little-known “cancel rent” power buried behind all those penumbras and emanations in the Constitution. But let’s not get all wrapped up in talk of enumerated powers and stuff. Let’s look at this remarkable suggestion on its own feeble terms. “Cancel rent.” Okay, rent is canceled. Gone! No paying rent! Yah!

Wait, where did the lights go? Power’s out. Wait, you mean that miserable miser is not fronting cash for utilities anymore since you’re, you know, not paying rent? Hey, there’s a plumbing leak! You can just call…oh…awkward! Well, then you can just refuse to pay…oh, right. Well, then maybe you’ll sue your landlord for not doing the things landlords should do, though you are not doing things tenants should do. Oops. He’s bankrupt. Hear that? It’s a sad trombone.

But that’s only at the personal level. Our economy is interconnected. You don’t pay rent, so your landlord doesn’t pay his loan and all those people who used to manage the property. All those guys he used to pay, his bank, the gardener, the power company. Now, they can’t pay anyone anymore. And pretty soon no one can pay anyone anymore.

Congratulations! It’s a depression!

Now, we have focused on how these people are saying stupid things, and the underlying assumption is that they are stupid. But is that why they seem to be rooting for disaster? You’ve already seen progs looking on the bright side – at least this economic carnage will end up owning Drumpf!

Maybe they are simply bad people who want to impoverish you to increase their own power. Have you seen them do anything, anything at all inconsistent with that hypothesis? After all, if they can destroy capitalism by means of knocking out select pillars of the system – like by undermining selected contracts that obligate people to pay their debts – they can get to their desired endstate, and they can blame it on capitalism itself even though a system where you can’t collect rent isn’t capitalism.

Stupid? Evil? A bit of both? It doesn’t matter. What matters is that no matter how much these half-wits pipe up on Twitter, they can never, ever be allowed anything like real power lest we go full Venezuela.

And you should never go full Venezuela.


TOPICS: Business/Economy; Culture/Society; Editorial; News/Current Events
KEYWORDS: anticapitalist; economic; economiccrisis; economy; ilhanomr; progressiveagenhda; sallykohn; schlichter; wuhancoronavirus
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To: Alberta's Child

I worked at a hospital. If I could not document a vaccine...they did tests. I got more shots that week than I ever had. And tests and shot every year. TB and Hepatitis tests, and flu shots.

I had a “slight” outbreak of shingles. 15 days paid leave and I had to get proof I was clear.

I don’t expect that kind of surveillance in the average office. I would expect documentation being required to be cleared before going back. Especially for older employees. The lawsuits are going to be crazy.


61 posted on 04/10/2020 7:22:00 AM PDT by Vermont Lt
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To: Aevery_Freeman
So, you are demanding that "Wealthy small business owners" pay employees when there is no work to be done? Will you enforce this at gunpoint?

No, I do not want that. I just don't feel sorry for multi millionaires who complain about down turns, lay everyone off then play the poor pitiful me card.

62 posted on 04/10/2020 7:23:10 AM PDT by central_va (I won't be reconstructed and I do not give a damn....)
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To: billyboy15

“And for the support of this Declaration, with a firm reliance on the protection of divine Providence, we mutually pledge to each other our Lives, our Fortunes and our sacred Honor.”

When the Founders placed their names below that quote on July 4, 1776, they were putting their lives on the line beginning the pursuit of a “a more perfect union”. w

That was the moment where collective condemnation was warranted. But the current political culture suggests the prospect of being governed in a Banana Republic is worth the risk, if it means the opposition is defeated.

Obstruction has become viable tactic in doing the people’s business. Is it acceptable? It depends on whom you ask. It’s fundamentally abhorrent because at the core it places party over country.


63 posted on 04/10/2020 7:24:48 AM PDT by Shane (When Injustice Becomes Law, RESISTANCE Becomes DUTY.----T.Jefferson)
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To: LateBoomer
Paying employees to sit at home after the government shuts your business down as non-essential is a sure-fire way to ensure that those employees won’t have a job to go back to when this madness ends.

Depends. You can keep your staff intact and your competition lets everyone go then you will be the only supplier in town. Then you can pretty much charge what you want when things "get back to normal". or just go for market share. Just saying...

64 posted on 04/10/2020 7:26:29 AM PDT by central_va (I won't be reconstructed and I do not give a damn....)
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To: billyboy15

Do us a favor then shut up about how terrible it is for small business since your opinion is slanted.


65 posted on 04/10/2020 7:27:47 AM PDT by central_va (I won't be reconstructed and I do not give a damn....)
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To: Vermont Lt
That’s an obvious exception based on your work environment.

If I worked for, say, a mortgage broker or law firm that required me to submit to that kind of sh!t as a condition of going back to work then I’d be collecting disability for the rest of my life and suing the employer out of existence.

66 posted on 04/10/2020 7:31:02 AM PDT by Alberta's Child ("And somewhere in the darkness ... the gambler, he broke even.")
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To: Mr. Jeeves
employee caste

Wow.

67 posted on 04/10/2020 7:33:49 AM PDT by central_va (I won't be reconstructed and I do not give a damn....)
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To: abb; Kaslin
Well, Ms. Kohn, Forbes has kindly started tracking media layoffs due to lack of revenue and cash flow during the CV shutdown.

https://www.forbes.com/sites/noahkirsch/2020/04/06/tracker-media-layoffs-furloughs-and-pay-cuts/#50e1c54852f0

How about sending a little criticism at your own bosses? Is it because your paycheck (hundreds of times larger than most Americans) is still being direct deposited every two weeks?

68 posted on 04/10/2020 7:53:08 AM PDT by texas booster (Join FreeRepublic's Folding@Home team (Team # 36120) Cure Alzheimer's!)
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To: Shane

All you say is true. But how does that change the ultimate responsibility of the voters to put the right people in office and in so doing remove the wrong people?

In our system it still falls upon all of us to vote and to vote for what it is we want. If the majority of the people stupidly vote for “free stuff” as promised by politicians then do they not deserve the consequences?

Read the following.
Do you agree the voter would be responsible?

“A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury.”

And

“The average age of the world’s greatest civilizations from the beginning of history has been about 200 years. During those 200 years, these nations always progressed through the following sequence:
From bondage to spiritual faith;
From spiritual faith to great courage;
From courage to liberty;
From liberty to abundance;
From abundance to complacency;
From complacency to apathy;
From apathy to dependence;
From dependence back into bondage.”


69 posted on 04/10/2020 8:13:14 AM PDT by billyboy15
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To: central_va

“Do us a favor then shut up about how terrible it is for small business since your opinion is slanted.”

LOL, say, I know whats got you all worked up. You’re one of the major pearl clutching gloom and doomers on the FR site and since this faux Pandemic chickenshit China Virus is turning into a big NOTHING it has your shorts in a knot.

America goes back to work in just a few days and that has you so depressed you just want to lash out.

Besides that you’re a twat. Go back into your safe space and suck your thumb.


70 posted on 04/10/2020 8:31:14 AM PDT by billyboy15
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To: billyboy15

If you look at my posting history I have led the charge in calling this pandemic a hoax FROM DAY ONE.


71 posted on 04/10/2020 8:42:01 AM PDT by central_va (I won't be reconstructed and I do not give a damn....)
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To: central_va

You’re still a twat.


72 posted on 04/10/2020 8:46:46 AM PDT by billyboy15
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To: Alberta's Child

Really? Have you seen what we’ve subjected ourselves to so far?

And for the employees, TPTB are already floating that all employees will need to have temps taken throughout the day, so they’ll be thrilled to know customers aren’t bringing the virus in with them.


73 posted on 04/10/2020 9:05:49 AM PDT by LateBoomer
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To: Alberta's Child

Just curious, and not argumentative....but why? If you’ve had this, that would be easy to prove. I guess they would then be required to tell you about all other diseases.

The paranoia in the world about this is so rampant, I am willing to bet that there will be laws passed in states (not federal) that require this.

I wonder what the liability laws will turn into because of this. Everyone, well almost everyone, gets a measles vaccine—so that is “assumed.” If one of my co workers got measles, I would think they were a dumb-ass.

Again, not picking and fight or trying to pry into your personal life...just yacking.


74 posted on 04/10/2020 9:06:19 AM PDT by Vermont Lt
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To: central_va

Or you keep your employees on the payroll while shutdown and when you’re tapped out and can’t afford to re-open your competition scoops them up.


75 posted on 04/10/2020 9:06:56 AM PDT by LateBoomer
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To: central_va

Actually I did. You just don’t listen. Net worth has no relationship to cash on hand


76 posted on 04/10/2020 9:28:09 AM PDT by cyclotic (A vote for Democrats is a vote for lower traffic volumes)
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To: Vermont Lt
Why would anyone waive the privacy of their medical records under anything other than the most extreme of circumstances?

The ones who are in the most difficult position right now are the EMPLOYERS -- because they have to walk a very fine line between staying in business and maintaining safe work environments.

At the end of the day, we're likely to find out that working-age people are far more likely to die commuting to and from work than from a COVID-19 infection. Why would you ever give this disease more credence than it deserves, under these conditions?

77 posted on 04/10/2020 9:33:31 AM PDT by Alberta's Child ("And somewhere in the darkness ... the gambler, he broke even.")
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To: Kaslin

Guess Kohn is too young to remember the “EQ” PSAs (Economic Quotient)

Probably passed on taking a “dismal science” course as being too reality-based for her Utopian fantasy. /s


78 posted on 04/10/2020 9:46:38 AM PDT by Calvin Locke
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To: cyclotic
We were not rich by any means.

Most people don't understand being responsible for a business.

79 posted on 04/10/2020 2:22:50 PM PDT by gogeo (The left prides themselves on being tolerant, but they can't even be civil.)
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To: gogeo

Obviously not that guy. We’ve clashed before. I’m not surprised


80 posted on 04/10/2020 3:13:19 PM PDT by cyclotic (A vote for Democrats is a vote for lower traffic volumes)
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