Bad Economic Predictions
Posted: Mon Mar 23, 2020 12:08 pm
Again, holy fuck, dude.
I think the rule of the internet is when you get called Hitler, conversation's over.
Have a great thread, erryone!
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Bad Economic Predictions
Posted: Mon Mar 23, 2020 12:10 pm
Bad Economic Predictions
Posted: Mon Mar 23, 2020 12:11 pm
Advocates doing nothing while 7.7 million people die. Gets offended that someone questions that strategy. Makes sense!
Bad Economic Predictions
Posted: Mon Mar 23, 2020 12:12 pm
Bad Economic Predictions
Posted: Mon Mar 23, 2020 12:13 pm
Bad Economic Predictions
Posted: Mon Mar 23, 2020 12:13 pm
I was about to post that passions are about to get inflamed based on these changes in course... but I was too late.
Bad Economic Predictions
Posted: Mon Mar 23, 2020 12:32 pm
I'm not heated in the slightest. I thought the smiley face I put on my comment would have shown that I was having a bit of fun, but I guess not.
Bad Economic Predictions
Posted: Mon Mar 23, 2020 1:48 pm
So Catt...
Can the entire economy be "paused"? Can all rent, mortgages, utilities, etc. be effectively stopped with no late fees applied?
Also, if the entire world is going into a recession, shouldn't recovery be quick if we were able to pause, and then unpause?
Can the entire economy be "paused"? Can all rent, mortgages, utilities, etc. be effectively stopped with no late fees applied?
Also, if the entire world is going into a recession, shouldn't recovery be quick if we were able to pause, and then unpause?
Bad Economic Predictions
Posted: Mon Mar 23, 2020 1:56 pm
Man, I just don't know. There's so many transactions and dependencies, that my inclination is simply no.
It depends on how much carnage there is, and what it takes to get things going again. Like for each plane an airline parked, what does it take to make it ready again? What about the staff to do that, what about demand? Will people need to travel as much? I mean... it's super fucking complicated.
Bad Economic Predictions
Posted: Tue Mar 24, 2020 3:13 pm
The pork in Pelosi's Covid 19 bill.
That's clearly a right wing site, but damn, if this list is even 50% accurate she's an evil, evil bitch.
That's clearly a right wing site, but damn, if this list is even 50% accurate she's an evil, evil bitch.
Bad Economic Predictions
Posted: Tue Mar 24, 2020 3:16 pm
Saw that earlier. The argument I saw was, "She HAS to fill it with that stuff so she can negotiate with the evil republicans. She's playing 4th dimensional chess."
Bad Economic Predictions
Posted: Tue Mar 24, 2020 3:19 pm
You're mad about the millions she wants to allocate, but not the $500 Billion the Republicans want full control over to spend out as they wish?Leisher wrote: The pork in Pelosi's Covid 19 bill.
That's clearly a right wing site, but damn, if this list is even 50% accurate she's an evil, evil bitch.
Bad Economic Predictions
Posted: Tue Mar 24, 2020 3:20 pm
Personally, I haven't seen the republican bill. Who introduced it? What did it say?
Bad Economic Predictions
Posted: Tue Mar 24, 2020 4:12 pm
I guess you missed me saying "Shocker" when you pointed out previously they were going to hand it over to corporations?TheCatt wrote:You're mad about the millions she wants to allocate, but not the $500 Billion the Republicans want full control over to spend out as they wish?Leisher wrote: The pork in Pelosi's Covid 19 bill.
That's clearly a right wing site, but damn, if this list is even 50% accurate she's an evil, evil bitch.
FYI, her wrong isn't ok because they were wrong. They're ALL wrong. Pork is fucking wrong. The fact that each side is playing politics while people are suffering and losing their shit is wrong.
I can only discuss what I see. The left wingers on my twitters aren't as active lately as the right wingers. Right wingers made sure this list was out there. I have yet to see the pork list on the GOP bill. Most of the left wingers are just tweeting Trump stuff and the Texas guy.
Bad Economic Predictions
Posted: Tue Mar 24, 2020 4:26 pm
Bad Economic Predictions
Posted: Wed Mar 25, 2020 8:13 am
with $250 billion set aside for direct payments to individuals and families, $350 billion in small business loans, $250 billion in unemployment insurance benefits and $500 billion in loans for distressed companies.
...
Under the plan as it was being negotiated, individuals who earn $75,000 in adjusted gross income or less would get direct payments of $1,200 each, with married couples earning up to $150,000 receiving $2,400 -- and an additional $500 per each child. The payment would scale down by income, phasing out entirely at $99,000 for singles and $198,000 for couples without children.
Bad Economic Predictions
Posted: Wed Mar 25, 2020 2:53 pm
No clue what you're supposed to do if you are in the tourism or restaurant industry in the big cities where that only covers rent for half a month.
Bad Economic Predictions
Posted: Wed Mar 25, 2020 2:56 pm
Bad Economic Predictions
Posted: Wed Mar 25, 2020 6:15 pm
In an unprecedented expansion of unemployment insurance, the federal government would give jobless workers an extra $600 a week for four months on top of their state benefits, which range from $200 to $550 a week, on average, depending on the state.
In addition, lawmakers want to add up to 13 weeks of extended benefits, which would be fully covered by the federal government. Currently, state unemployment checks last up to between 12 weeks and 28 weeks, depending on the state.
Bad Economic Predictions
Posted: Wed Mar 25, 2020 6:33 pm
That's going to have a hefty cost, but it should keep people afloat. I like that much better than more checks send it all directions.