Coronavirus

[dice]

bill gates saying that we should have implemented stay-at-home orders in january to potentially avoid mandatory business shutdowns, but now that we're where we are we should continue shutdowns for 6 to 10 weeks

hes probably right, but then again easy for me to agree with 20/20 hindsight.

yeah, it would have been pretty remarkable to start stay-at-home orders in january when the first reported case in the US was on jan. 30

[dice]

These stimulus/relief package numbers are bonkers. 2 Trillion in relief spending with an additional 4 Trillion in federal reserve "lending". Crazy play money numbers.

it's pretty remarkable that during the "great recession" financial crisis (which it's hard to argue wasn't a more serious threat to the economy at this point) obama proposed a less than 1 trillion stimulus that most republicans called wasteful and wouldn't do much to help the economy. they were wrong (just as they were wrong when they said that obamacare would wreck the economy). so it's a sign of progress that austerity is no longer on the table. now we just need to spend the money in a way that will actually help those who need it the most

[musiqsoulchild]

I just wish that Politics is NOT a part of this whole bill.

A bill should have been passed and declared law 2 weeks ago. This is what we get for creating a polarized society.

Every minute another small business is closing shop. That's the life blood of America.

And I think Trump has a point when he says that the American Economy is the single biggest thing there is.

I really want decisive action. And quickly.

[AKfanatic]

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And who’s against it?.....

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[Dresden]

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And who’s against it?.....

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Shame on them is right. Sometimes it takes massive crises for real change to come about. England's national health care system was put in place right after WWII when the country was devastated from the effects of the war. And now it is the most popular govt. program in the country.

[dougthonus]

I am amazed at how quick the fall has been. The Dow was nearly at 30k and then just dropped to 18k before todays bump.

Part of it is that the market was probably already at a natural bubble. There was something like 70% growth since 2016 while GDP was not growing by anything remotely near a rate that would make this rate reasonable or sensible. Right now, we're probably a reasonable value of the stock market if there were no bad news and there were no corona virus.

That's why I think there's a lot of downside. Our GDP this year will likely be less than 2016 which would make you think a number below 2016 numbers makes the most sense. I tend to follow the SP500 more than the Dow, but SP500 was around 2k in 2016. I think there is potential for the market to slip down to 1600 or so even with the government aid preventing mass bankruptcies. There is still going to be a lack of earnings and mounting debt.

If the government doesn't massively bail out all kinds of industries, then it's going to be even crazier.

[bullsnewdynasty]

The bill is just another way for Congress to get their pork and pet projects funded.

Democrat plan includes:

- Post Office debt forgiveness
- $35 million for Kennedy Center
- $15/hour minimum wage and environmental provisions for companies receiving federal assistance
- Cell phone handouts to low income households

It's absolutely disgusting that politicians would try and push this stuff right now.

[AKfanatic]

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[AKfanatic]

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[dice]

trump eyeing potentially ending federal social distancing guidelines:

"Easter is a very special day for me ... Easter Sunday, and you'll have packed churches all over our country."

[AKfanatic]

trump eyeing potentially ending federal social distancing guidelines:

"Easter is a very special day for me ... Easter Sunday, and you'll have packed churches all over our country."

Pandering to his evangelical base... to death...

[Payt10]

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There's a massive locust swarm in Africa going on right now as well. We're about a week away from Moses parting the red sea I think. Holy hell.

[Wingy]

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Long, but good watch. 23:00 mark on might be pretty sobering for some.

Watch on YouTube

[Chi town]

The bill is just another way for Congress to get their pork and pet projects funded.

Democrat plan includes:

- Post Office debt forgiveness
- $35 million for Kennedy Center
- $15/hour minimum wage and environmental provisions for companies receiving federal assistance
- Cell phone handouts to low income households

It's absolutely disgusting that politicians would try and push this stuff right now.

Yes it is.

I’ve got a close friend that works in the SF city superivisors office. They are politically left and have been absolutely shocked how “wrong” the progressive left is. I’ve heard stories from them about spending and how the money funnels to family foundations etc. Some of the Pelosi stories I’ve heard are disturbing. Meanwhile, my friend who genuinely believed in how politics can help the marginalized and less fortunate... has given up hope in the left and politics in general. Sad.

[Chi town]

trump eyeing potentially ending federal social distancing guidelines:

"Easter is a very special day for me ... Easter Sunday, and you'll have packed churches all over our country."

Church is how the virus soared in South Korea. Bad idea. IMO I see no way we can do any gatherings over 10 people for another 8 weeks and no more than 100 for another 10 weeks after that.

[dice]

trump eyeing potentially ending federal social distancing guidelines:

"Easter is a very special day for me ... Easter Sunday, and you'll have packed churches all over our country."

Church is how the virus soared in South Korea. Bad idea. IMO I see no way we can do any gatherings over 10 people for another 8 weeks and no more than 100 for another 10 weeks after that.

depends on the weather impact on the spread of the virus

[AKfanatic]

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Long, but good watch. 23:00 mark on might be pretty sobering for some.

Watch on YouTube

Thanks for link. Very very sobering. Sadly, there are those among us that even after viewing this and many more things like this from professionals, will still call it all overblown and fear mongering by liberal media and the “left”.

Given the way so many Americans poo poo this, it’s a frightening to think of how quickly we’d be gone if an Ebola-like virus was the next threat.

[AKfanatic]

Meanwhile, in Kentucky

Someone in Kentucky tested positive for the novel coronavirus after they attended a "coronavirus party" for people in their twenties, Gov. Andy Beshear said at a press conference Tuesday.

"Anyone who goes to something like this may think they're indestructible, but it's somebody else's loved one that they're going to hurt," Beshear said.

Beshear did not say when, where, or how many people attended what he called a "coronavirus party," but the governor criticized it as a "callous" act that could put people in grave danger.

"This is the part where I, the person that tells everyone to be calm, have to remain calm myself," he said. "This one makes me mad, and it should make you mad."

https://www.buzzfeednews.com/article/salvadorhernandez/coronavirus-party-kentucky-covid-19

[dumbell78]

The bill is just another way for Congress to get their pork and pet projects funded.

Democrat plan includes:

- Post Office debt forgiveness
- $35 million for Kennedy Center
- $15/hour minimum wage and environmental provisions for companies receiving federal assistance
- Cell phone handouts to low income households

It's absolutely disgusting that politicians would try and push this stuff right now.

As an American in Australia its utterly embarrassing. 1100-1400 pages with pork hidden in it. This isnt a republican or democratic issue, its life and death. Get your $hit together and look after yours ppl! I hate talking politics on here but politicians are straight up f******g with ppl lives. Band together and forget about yourself for a minute, unbelievable.

Does a politician care? Nope, not even if your life depended on it.

[robert76]

The bill is just another way for Congress to get their pork and pet projects funded.

Democrat plan includes:

- Post Office debt forgiveness
- $35 million for Kennedy Center
- $15/hour minimum wage and environmental provisions for companies receiving federal assistance
- Cell phone handouts to low income households

It's absolutely disgusting that politicians would try and push this stuff right now.

But at least tell the whole story, you skipped over the part in which Republicans want to create a slush fund of 1/2 trillion to save companies, and Trump says "I'll oversee it", but refuses to say his hotels won't be receiving funds. So it's basically 500 billion for him and his friends.