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Political Thread

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Shaggy said:
Yes there will be some crime. Yes there will be some people who wont have the money to buy like they were before. If they are getting unemployment they arent broke and have no reason to commit crimes. If they are committing crimes its NOT because of covid it's because they are criminals exploiting a current crisis. You act like the father of 3 who is out of work is gonna go on an armed robbery spree or go kill their neighbors for their food. You come across as someone who believes this powderkeg is about to blow. Nothing I see personally and outside of lines at food banks leads me to believe we are even in the ballpark of that kind of societal breakdown yet.
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No Shaggy I am fine and don’t go robbing people. My dad would come outta his grave and bust my arse if I did that. I was raised with respect for others. I see division in America exploding over this virus. From people calling and telling on others to violence over masks to people wanting to work. I’m sure you are right. I’m just one that realizes that all these unemployment benefits can’t last forever and eventually the money printing stops because money becomes useless. Hopefully we don’t get to that point. The hardships are just starting for a lot of Americans.
 
Matthew70 said:
Yes I do. I think if hotspots happen then that state addresses that area. So you want to stay shut down? When does it end? What is your solution?
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There is no good solution and we both know that. Economically the best solution is open up and tell everyone best of luck, public health wise it's to keep people as separated as possible which means staying closed. Personally I am all for opening up with guidelines to be followed to mitigate the spread of the virus, if those guidelines aren't followed the business is closed down for 14 days. The problem with that is people will ----- and complain about having to wear a mask or the cost of hand sanitizer is too high or their restaurant can serve 100 people but only 25 are allowed in because of social distancing and that isn't fair or their employer opened up and they don't feel safe and on and on and on.

What I was getting at in my original reply was that opening up isn't going to be a magic wand to fix the economy. Businesses will be at reduced staff due to social distancing, spending isn't going to be what it was before until people are assured their jobs are safe so jobs will be eliminated in businesses that do open up because revenues are down. I wouldn't be shocked if we start seeing some layoffs from essential businesses as spending continues to go downward. Unfortunately there are too many variables in play here and just saying lets open May 8th, food, jobs, money for everybody isn't going to happen.
 
SD said:
There is no good solution and we both know that. Economically the best solution is open up and tell everyone best of luck, public health wise it's to keep people as separated as possible which means staying closed. Personally I am all for opening up with guidelines to be followed to mitigate the spread of the virus, if those guidelines aren't followed the business is closed down for 14 days. The problem with that is people will ----- and complain about having to wear a mask or the cost of hand sanitizer is too high or their restaurant can serve 100 people but only 25 are allowed in because of social distancing and that isn't fair or their employer opened up and they don't feel safe and on and on and on.

What I was getting at in my original reply was that opening up isn't going to be a magic wand to fix the economy. Businesses will be at reduced staff due to social distancing, spending isn't going to be what it was before until people are assured their jobs are safe so jobs will be eliminated in businesses that do open up because revenues are down. I wouldn't be shocked if we start seeing some layoffs from essential businesses as spending continues to go downward. Unfortunately there are too many variables in play here and just saying lets open May 8th, food, jobs, money for everybody isn't going to happen.
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I agree totally SD. You are right. Opening will not be that automatic switch to everything being great again. Times will definitely be different. I just think we need to open up to at least hopefully head off a total economic collapse. The money that is being lost and spent by government is insane and a powder keg. States rainy days funds are evaporating. Taxes are not being paid in. We are in for a long hard road economically. Taxes will be insane when this is over. I’m good where I am at financially at moment. Hopefully my company stays open. I just worry about others and when desperation sets in. Great post sir!
 
Tomorrow, we will have the updated unemployment figures. The U3 rate will almost certainly be the worst it’s been since the mid-1930s during the heart of the Great Depression. It’s going to be ugly. It should be around 20%. The BLS chart which goes back to 1948 has a max on their axis of around 11%, so the axis is going to have to double to account for this month’s report.

latest_numbers_LNS14000000_1948_2020_all_period_M03_data.gif



We went from a 50-year low for unemployment to an 80-year high in the span of two months. Crazy stuff.

One has to wonder if we could make a run towards topping the 25% achieved in 1933 in next month’s report, although the states which are starting to open up may prevent that from happening.

It’s going to take a long time to get over this. It wouldn’t be surprising to see 10%+ unemployment with us well into next year, or maybe through the end of the year. For reference, unemployment peaked at just over 10% in early 2009 during the last recession.
 
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Matthew70 said:
twitchy.com

Cuomo COVID FAIL: Brit Hume BLISTERS Gov. Cuomo with damning NYT piece showing New York 'infected' the rest of the country

twitchy.com twitchy.com
Lol. Oh Cuomo truth is coming out. What will you do.
Also the lady that was jailed in TX for opening her hair salon. Well just so happens that judge is from NY and golfs with Obama! What a coincidence!
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Yeah, the slobberfest over Cuomo has gotten kind of annoying. He's done a good job at his press conferences (granted, they come across as kind of preachy sometimes), which is a nice contrast to Trump's wild and drama-filled ones, but I don't think New York has done a particularly stellar job with this thing (the nursing homes were hit really hard, for one). I don't want to criticize too much because it's easy to nitpick in hindsight, but I also don't want to assign unwarranted credit.

New York had a lot of things working against it (high population density, major international hub, etc.), so I don't want to blame the outbreak on Cuomo or anything; I just don't understand why the man is revered by some as being some savior.
 
It’s amazing all the stories that are now starting to come out about this virus and the lies and the BS that were told and this is just getting started.
 
superjames1992 said:
Tomorrow, we will have the updated unemployment figures. The U3 rate will almost certainly be the worst it’s been since the mid-1930s during the heart of the Great Depression. It’s going to be ugly. It should be around 20%. The BLS chart which goes back to 1948 has a max on their axis of around 11%, so the axis is going to have to double to account for this month’s report.

latest_numbers_LNS14000000_1948_2020_all_period_M03_data.gif



We went from a 50-year low for unemployment to an 80-year high in the span of two months. Crazy stuff.

One has to wonder if we could make a run towards topping the 25% achieved in 1933 in next month’s report, although the states which are starting to open up may prevent that from happening.

It’s going to take a long time to get over this. It wouldn’t be surprising to see 10%+ unemployment with us well into next year, or maybe through the end of the year. For reference, unemployment peaked at just over 10% in early 2009 during the last recession.
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I think the bigger problem long term will be underemployment. Places will open up, but long term hour reductions will hurt.
 
SD said:
Probably not a bad thing. If you really wanted to get crazy you invest in the infrastructure to replace the Chinese manufacturers, start mfg the goods in the US and stop all imports from China. Only issue is I don't think Americans would work for the wages needed to keep these goods cost comparative to what they are from China.
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I think some other countries are talking about moving manufacturing to India that or Vietnam something that has slowly been happening for awhile now. If we were to do that it would benefit those countries especially Vietnam where they have a high poverty rate to possibly start its industrialization. You had a post above that I also really agree with just because we opened back up doesn’t mean the economy is going to start booming again but say a restaurant that has a capacity of 100 but only can seat 25 like u gave an example of above at least they could operate with a reduced staff so at least some people could go back to work. They economy most likely won’t start a recovery until the fall or possibly later.
 
Round Oak Weather- Zeb said:
I think some other countries are talking about moving manufacturing to India that or Vietnam something that has slowly been happening for awhile now. If we were to do that it would benefit those countries especially Vietnam where they have a high poverty rate to possibly start its industrialization. You had a post above that I also really agree with just because we opened back up doesn’t mean the economy is going to start booming again but say a restaurant that has a capacity of 100 but only can seat 25 like u gave an example of above at least they could operate with a reduced staff so at least some people could go back to work. They economy most likely won’t start a recovery until the fall or possibly later.
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Yeah I think that coronavirus may expedite the process of moving out of China, the tariff was the gasoline and now this may be the spark that really gets companies exploring more of SE Asia and the Baltic States.

I full agree with the bolded above, some jobs are better than no jobs.
 
SD said:
Yeah I think that coronavirus may expedite the process of moving out of China, the tariff was the gasoline and now this may be the spark that really gets companies exploring more of SE Asia and the Baltic States.

I full agree with the bolded above, some jobs are better than no jobs.
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It takes time for equilibrium, but markets tend to adjust price-wise, and if we finally after 25 years start getting quality domestic products on the shelf (or via delivery if shelves are no longer there) all the better ...

PS - I'd rather pay $15 for something that last 2 years than $8 for something that lasts 6 months ...
 
I have a friend that works for HCA. Their ER visits were down 40% in March. They lost $34 million just in March. Said they are nowhere near full and are bleeding money. Expecting a lot more losses in April.
 
Shaggy said:
Guess they'll have to charge $20 per tylenol instead of $10.
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Are you willing to pay more for American made products over Chinese just curious?
I agree the cost of going to hospitals and having surgeries are very expensive but That’s the trade-off with having excellent healthcare and less risk. If you want a hack shop then get socialized medicine. I can say from experience I went to a dentist once that was part of a big brand name and cheaper when I had no insurance. Now I had been going to the dentist my whole life so I went into see the dentist and they wanted to do every single type of treatment on me that was possible. From deep gum cleaning to deep gum cleaning to fillings. I decided to pay extra and go to a quality dentist and guess what none of those things never had to be done. That was almost 10 years ago now. He still my dentist today and I’ll pay the extra for him.
 
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Matthew70 said:
Are you willing to pay more for American made products over Chinese just curious?
I agree the cost of going to hospitals and having surgeries are very expensive but That’s the trade-off with having excellent healthcare and less risk. If you want to hack shop then get socialized medicine.
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He is just making a good point. It's not socialism to not want to pay 20 bucks for
One tylenol. It's taking advantage of the client and insurance to charge that much. That's just one small example as to why health insurance is screwed up.
 
Bham 99 said:
He is just making a good point. It's not socialism to not want to pay 20 bucks for
One tylenol. It's taking advantage of the client and insurance to charge that much. That's just one small example as to why health insurance is screwed up.
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I agree healthcare is way overpriced but you also got a remember it’s not just the hospitals it’s the companies selling the product to them. It’s like having a middle man. Instead of product going straight to the patient. The hospitals have to pay all the insurances, the companies trucking it to them plus all the employees, nurses, doctors ambulances, gases such as O2 and bandaids along with so much more. Yes I’m sure gauging is included but what company does not. Guaranteed the company Shaggy works for making medical supplies has a large markup. Plus hospitals have to pay the company he works for to keep their doors open. Owning a business is not an easy thing as I have learned from my brothers CPA firm. Taxes and insurances for their employees alone take have their profits.
We think it’s bad now just wait till we have to pay back all these stimulus bills. Added with hyperinflation and higher taxes. It’s gonna stink big time.
 
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