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AirWorthy99
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Democrats are concerned the "best economic data we’ve seen in the history of this country"

Tue May 26, 2020 11:31 pm

It seems that its highly probable that in Q3 we will have one of the biggest economic comebacks in the history of the US. And that has many democrats concerned. Yes, they are worried the economy will recover:

In early April, Jason Furman, a top economist in the Obama administration and now a professor at Harvard, was speaking via Zoom to a large bipartisan group of top officials from both parties. The economy had just been shut down, unemployment was spiking and some policymakers were predicting an era worse than the Great Depression. The economic carnage seemed likely to doom President Donald Trump’s chances at reelection.

Furman, tapped to give the opening presentation, looked into his screen of poorly lit boxes of frightened wonks and made a startling claim.

“We are about to see the best economic data we’ve seen in the history of this country,” he said.

The former Cabinet secretaries and Federal Reserve chairs in the Zoom boxes were confused, though some of the Republicans may have been newly relieved and some of the Democrats suddenly concerned.

“Everyone looked puzzled and thought I had misspoken,” Furman said in an interview. Instead of forecasting a prolonged Depression-level economic catastrophe, Furman laid out a detailed case for why the months preceding the November election could offer Trump the chance to brag — truthfully — about the most explosive monthly employment numbers and gross domestic product growth ever.

Since the Zoom call, Furman has been making the same case to anyone who will listen, especially the close-knit network of Democratic wonks who have traversed the Clinton and Obama administrations together, including top members of the Biden campaign.

Furman’s counterintuitive pitch has caused some Democrats, especially Obama alumni, around Washington to panic. “This is my big worry,” said a former Obama White House official who is still close to the former president. Asked about the level of concern among top party officials, he said, “It’s high — high, high, high, high.”

And top policy officials on the Biden campaign are preparing for a fall economic debate that might look very different than the one predicted at the start of the pandemic in March. “They are very much aware of this,” said an informal adviser.


https://www.politico.com/news/2020/05/2 ... ats-281470

This is written by liberal Politico, and not by conservatives, quoting actual Democrats on the record as saying they are concerned that the economy will recover.

So this seems to confirm all along, they have been supporting the shutdowns so that the economy tanks, we go into a depression and they take power on November. That's a very sad way of thinking if they really care about the people they want to represent. We all should support having a great economy no matter who is president, either a Republican or Democrat. The economy affects all people from all political leanings.
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NIKV69
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Tue May 26, 2020 11:37 pm

Well with the businesses that failed and the fact people will go into society slow as restrictions are eased I do think we will see a bounce back but the best economic data? I doubt it. It will take us at least two years if not 3 to get back to anywhere near we were before this.
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Aaron747
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Tue May 26, 2020 11:40 pm

AirWorthy99 wrote:
It seems that its highly probable that in Q3 we will have one of the biggest economic comebacks in the history of the US. And that has many democrats concerned. Yes, they are worried the economy will recover:

In early April, Jason Furman, a top economist in the Obama administration and now a professor at Harvard, was speaking via Zoom to a large bipartisan group of top officials from both parties. The economy had just been shut down, unemployment was spiking and some policymakers were predicting an era worse than the Great Depression. The economic carnage seemed likely to doom President Donald Trump’s chances at reelection.

Furman, tapped to give the opening presentation, looked into his screen of poorly lit boxes of frightened wonks and made a startling claim.

“We are about to see the best economic data we’ve seen in the history of this country,” he said.

The former Cabinet secretaries and Federal Reserve chairs in the Zoom boxes were confused, though some of the Republicans may have been newly relieved and some of the Democrats suddenly concerned.

“Everyone looked puzzled and thought I had misspoken,” Furman said in an interview. Instead of forecasting a prolonged Depression-level economic catastrophe, Furman laid out a detailed case for why the months preceding the November election could offer Trump the chance to brag — truthfully — about the most explosive monthly employment numbers and gross domestic product growth ever.

Since the Zoom call, Furman has been making the same case to anyone who will listen, especially the close-knit network of Democratic wonks who have traversed the Clinton and Obama administrations together, including top members of the Biden campaign.

Furman’s counterintuitive pitch has caused some Democrats, especially Obama alumni, around Washington to panic. “This is my big worry,” said a former Obama White House official who is still close to the former president. Asked about the level of concern among top party officials, he said, “It’s high — high, high, high, high.”

And top policy officials on the Biden campaign are preparing for a fall economic debate that might look very different than the one predicted at the start of the pandemic in March. “They are very much aware of this,” said an informal adviser.


https://www.politico.com/news/2020/05/2 ... ats-281470

This is written by liberal Politico, and not by conservatives, quoting actual Democrats on the record as saying they are concerned that the economy will recover.

So this seems to confirm all along, they have been supporting the shutdowns so that the economy tanks, we go into a depression and they take power on November. That's a very sad way of thinking if they really care about the people they want to represent. We all should support having a great economy no matter who is president, either a Republican or Democrat. The economy affects all people from all political leanings.


Did it occur to you ‘everyone looked puzzled’ because Furman had just thrown his reputation away saying something wacko?
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casinterest
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Tue May 26, 2020 11:41 pm

It's a big if. Also as pointed out in the article, it relies on Trump to sell a "partial rebound". This article also ignores a secondary wave of unemployment.

A rebound won’t mean that Trump has solved many underlying problems. Since the crisis started, many employers have gone bankrupt. Others have used the pandemic to downsize. Consumption and travel will likely remain lower. Millions of people in industries like hospitality and tourism will need to find new jobs in new industries.

The scenario would be a major long-term problem for any president. But before that reality sets in, Trump could be poised to benefit from the dramatic numbers produced during the partial rebound phase that is likely to coincide with the four months before November.


Trump at this point though is damaged goods. Especially since the economy will be the least of his worries come November. Healthcare, and social issues will have taken the forefront even if the economy rebounds.
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petertenthije
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Tue May 26, 2020 11:57 pm

I suppose it depends on which metrics you take.

Somehow, Nikv and I found ourselves in agreement on something. It will probably be a few years, I hope not, but would not be surprised. Unless an effective AND cheap cure/vaccin is found.

But record GROWTH does not equal record production.

Large parts of the economy are closed or on slow-burn. If even half of those come back online, the month by month growth figure would be unprecedented. But you’d still be far from last year’s figures.

Put it this way, the quoted Politico article also says: “ In absolute terms, the economy will look historically terrible come November,” said Kenneth Baer, a Democratic strategist who worked in a senior role at the Office of Management and Budget under Obama. “But relative to the depths of April, it will be on an upswing — 12 percent unemployment, for example, is better than 20, but historically terrible.“
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Aesma
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Wed May 27, 2020 3:16 am

This doesn't make much sense. You can already say the financial markets have had the best numbers ever, by a wide margin (+30% in 1 month or something like that), meanwhile 20 or 30 or 40 million people are unemployed ! Good luck selling that as a good thing !

Trump won by a few thousands votes in a few states last time, he needs more than a "partial rebound" to make it.
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LCDFlight
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Wed May 27, 2020 3:51 am

I think a lot of the economic damage will be permanent, but I think one party was primarily responsible for that. The state by state data will bear that out. The lockdowns and economic destruction were optional and achieved little public health benefit, at unimaginable cost. The very idea that public health is the #1 priority of society is a little bit unusual... considering the arrangement of our society as recently as 4 months ago. Public health just wasn't that big a priority. For average families.... it still isn't. That's my 2c as to how this will affect the election.
 
Newark727
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Wed May 27, 2020 4:16 am

LCDFlight wrote:
I think a lot of the economic damage will be permanent, but I think one party was primarily responsible for that. The state by state data will bear that out. The lockdowns and economic destruction were optional and achieved little public health benefit, at unimaginable cost. The very idea that public health is the #1 priority of society is a little bit unusual... considering the arrangement of our society as recently as 4 months ago. Public health just wasn't that big a priority. For average families.... it still isn't. That's my 2c as to how this will affect the election.


Far easier to say in hindsight. Remember, when the shelter-in-place orders went out, numbers looked like this:
Image
(from mid- to late-March.)
At the time, how could you justify worrying about employment numbers next month or next year when you were getting twice as many people infected before the end of the week? At that rate, it doesn't even matter what the people in charge are doing about the economy, because panic will destroy it for you.
 
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Aesma
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Wed May 27, 2020 4:34 am

It's well known democrats are running half the planet, explaining all these lockdowns everywhere.
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Newark727
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Wed May 27, 2020 4:41 am

Actually, you know what? Calling it simply a problem of hindsight is too kind. Conservatives are now asking us to either believe them, or our own two eyes and ears. It wasn't just Democrats ordering closures, setting social distancing guidelines, and advising people to stay inside. That was the federal government, and not just career specialists from science agencies. That was friggin' Texas! And now, the party of personal responsibility wants us to think that it was definitely just the blue-state governors' fault that this happened, definitely not anyone you might vote for! The party that spent billions on discretionary wars and nearly a trillion on tax cuts is warning us about the cost of fighting a pandemic. The same people who picket outside abortion clinics with signs saying that every life is sacred, are now concerned that, just maybe, we went a bit too far trying to save lives this time?

Conservatives need to take a long, hard look in the mirror and ask themselves what they actually believe. It sure as heck isn't what they're telling us.
 
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Wed May 27, 2020 5:25 am

LCDFlight wrote:
I think a lot of the economic damage will be permanent, but I think one party was primarily responsible for that. The state by state data will bear that out. The lockdowns and economic destruction were optional and achieved little public health benefit,


Predicted total death with meassures that where in place a few weeks ago: 65k dead
Predicted total death without: ~2 Million-ish.

That is a lot of public health effect.

at unimaginable cost. .


as we know for a fact, the damage could have been largely avoided with a competent reaction, and more common sense in the population.

Enough PPE, Testing and Ventilators would have cost a fraction of the 2 Trillion USD, with far less interruption of the economy.

Remember that the Trump admin canned an Obama hold over project to buy an N95 mask production line making 1 Million+ masks per day, at a bargain price of 35 million USD. Considering that the federal government currently pays about 3 USD/N95 Mask, that would have paid for itself in a day or two.

And at a few times the last GOP Tax cuts, the cost is hardly unimaginable.

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Aaron747
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Wed May 27, 2020 6:56 am

LCDFlight wrote:
I think a lot of the economic damage will be permanent, but I think one party was primarily responsible for that. The state by state data will bear that out. The lockdowns and economic destruction were optional and achieved little public health benefit, at unimaginable cost. The very idea that public health is the #1 priority of society is a little bit unusual... considering the arrangement of our society as recently as 4 months ago. Public health just wasn't that big a priority. For average families.... it still isn't. That's my 2c as to how this will affect the election.


This is not the consensus of corporate management or public health at experts at all. You will recall that many companies started taking their own measures before any lockdowns were in place by state governments. Not sure how you arrive at this unscientific view of reality other than partisanship. Viruses don’t care about politics, or borders for that matter. Corporate risk managers saw the possibilities of millions of infections and fatalities and decided it was better to err on the side of caution - governments made the same calculation.
Last edited by Aaron747 on Wed May 27, 2020 6:59 am, edited 1 time in total.
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Wed May 27, 2020 1:30 pm

petertenthije wrote:
Put it this way, the quoted Politico article also says: “ In absolute terms, the economy will look historically terrible come November,” said Kenneth Baer, a Democratic strategist who worked in a senior role at the Office of Management and Budget under Obama. “But relative to the depths of April, it will be on an upswing — 12 percent unemployment, for example, is better than 20, but historically terrible.“

So, in other words, you started out with $100, dropped to -$1000, and then gained $500. Anyone with half a brain will know that, even though -$500 is better than -$1000, you're not out of the woods yet and are far removed from where you initially started, and that the sudden increase of $500 is not a guarantee of sustained income (for all you know, the next round is another loss or a fraction of that). And then there's Trump and supporters who will make -$1000 the new baseline and parade the instant $500 increase as evidence of his "genius".

LCDFlight wrote:
I think a lot of the economic damage will be permanent, but I think one party was primarily responsible for that.
Please, elaborate. Because as far as I'm concerned, governors from both parties in red, blue, and purple states all partook in the same lockdown measures, especially after the federal government sat on its hands before telling states "you're on your own".

LCDFlight wrote:
The very idea that public health is the #1 priority of society is a little bit unusual
Under normal circumstances, it isn't. But priorities shift depending on the situation. Before 9/11, there was not a pressing need to actively hunt and disable terrorist networks and regimes that supported them. But 9/11 happened, and the War on Terrorism began. Stabilizing big companies is not a thing to worry about when the economy is booming, but the Great Recession happened, and suddenly it was thought that it was better to bail out big companies rather than let them go under.

If anything, I would amend your statement to clarify that for Republicans, it's unusual. It becomes obvious when you have red state governors not caring about public health and safety pushing to reopen their economies as fast as possible, yet at the same time wanting people off of unemployment and not mandating reasonable sick leave or providing affordable health care. TX, GA, SD, TN...all states that have yet to expand Medicaid, governed by conservatives, and unwilling to offer expanded benefits in exchange for employees leaving unemployment to go to work.
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Wed May 27, 2020 1:53 pm

Perhaps the best way to describes today's highly polarized politics is this thread. Democrats are concerned with a bounced back economics. WTF?! Politics isn't a game, it is about making the lives better of your citizens. If the economy bounces back to somewhere near the levels of pre-corona, it would make the lives of people a lot better, certainly in the US without any real social security system to fall back on.
Just as the current downfall of the economy isn't the fault of Trump, bouncing back, isn't because of Trump either, sure he will brag about it. Well, Democrats, you have four long years of sh!t to dig into to come up with a strategy to finish this toddler of, but be thank full if we all bounced back a bit in Q3. /end rant
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LCDFlight
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Wed May 27, 2020 3:06 pm

Aaron747 wrote:
LCDFlight wrote:
I think a lot of the economic damage will be permanent, but I think one party was primarily responsible for that. The state by state data will bear that out. The lockdowns and economic destruction were optional and achieved little public health benefit, at unimaginable cost. The very idea that public health is the #1 priority of society is a little bit unusual... considering the arrangement of our society as recently as 4 months ago. Public health just wasn't that big a priority. For average families.... it still isn't. That's my 2c as to how this will affect the election.


This is not the consensus of corporate management or public health at experts at all. You will recall that many companies started taking their own measures before any lockdowns were in place by state governments. Not sure how you arrive at this unscientific view of reality other than partisanship. Viruses don’t care about politics, or borders for that matter. Corporate risk managers saw the possibilities of millions of infections and fatalities and decided it was better to err on the side of caution - governments made the same calculation.


I think liability would guide most commercial actors to shut down, perhaps permanently. Including food producers. Anything potentially causing harm to people, where science is unclear, could lead to large payouts in a courtroom. Is a permanent full shutdown what we want? The majority of the population would die in a full shutdown, disclaimer.

To be clear, I am not trying to stake out a pro-COVID position where I want COVID to hurt people. I really don't. But there are other concerns to consider. Arguably, COVID is not even the main public health concern facing humans right now. I am not even sure it is top 10. But, that is not my field. It is definitely killing people and causing suffering, which is highly regrettable.
 
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Aaron747
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Wed May 27, 2020 3:23 pm

LCDFlight wrote:
Aaron747 wrote:
LCDFlight wrote:
I think a lot of the economic damage will be permanent, but I think one party was primarily responsible for that. The state by state data will bear that out. The lockdowns and economic destruction were optional and achieved little public health benefit, at unimaginable cost. The very idea that public health is the #1 priority of society is a little bit unusual... considering the arrangement of our society as recently as 4 months ago. Public health just wasn't that big a priority. For average families.... it still isn't. That's my 2c as to how this will affect the election.


This is not the consensus of corporate management or public health at experts at all. You will recall that many companies started taking their own measures before any lockdowns were in place by state governments. Not sure how you arrive at this unscientific view of reality other than partisanship. Viruses don’t care about politics, or borders for that matter. Corporate risk managers saw the possibilities of millions of infections and fatalities and decided it was better to err on the side of caution - governments made the same calculation.


I think liability would guide most commercial actors to shut down, perhaps permanently. Including food producers. Anything potentially causing harm to people, where science is unclear, could lead to large payouts in a courtroom. Is a permanent full shutdown what we want? The majority of the population would die in a full shutdown, disclaimer.

To be clear, I am not trying to stake out a pro-COVID position where I want COVID to hurt people. I really don't. But there are other concerns to consider. Arguably, COVID is not even the main public health concern facing humans right now. I am not even sure it is top 10. But, that is not my field. It is definitely killing people and causing suffering, which is highly regrettable.


Nobody wants a permanent full shutdown - where has that ever been stated by anyone? The only purpose was to buy time - and researchers are certainly trying their damndest to deliver on their end of the bargain. Epidemiologically, once containment has failed - which was a given from mid-February on (perhaps earlier) - it's simply a game of time vs. numbers.
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seb146
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Wed May 27, 2020 5:28 pm

AirWorthy99 wrote:
It seems that its highly probable that in Q3 we will have one of the biggest economic comebacks in the history of the US.


Thanks to covid-19 and the botched response by Republicans, we now know that the Stock Market has literally zero to do with essential employees or teachers or contract workers or flight attendants. And we have also learned that pumping trillions of dollars into huge corporations will not help those at the bottom, either. This Stock Market surge will be great for those heavily invested in stocks. But, for those of us in the real world who have zero to do with them, we are still suffering. No affordable housing, no affordable health care, no family leave. Just because a few have much does not mean we are all doing well.
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skyservice_330
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Wed May 27, 2020 6:41 pm

Trump, to the Democrats referenced in the OP: Hold my beer, I got this.


On Tuesday night, Trump celebrated American citizens losing their jobs, calling it 'Great News'

“Great News: The boring but very nasty magazine, The Atlantic, is rapidly failing, going down the tubes, and has just been forced to announce it is laying off at least 20% of its staff in order to limp into the future. This is a tough time to be in the Fake News Business!”
 
apodino
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Thu May 28, 2020 9:03 pm

seb146 wrote:
AirWorthy99 wrote:
It seems that its highly probable that in Q3 we will have one of the biggest economic comebacks in the history of the US.


Thanks to covid-19 and the botched response by Republicans, we now know that the Stock Market has literally zero to do with essential employees or teachers or contract workers or flight attendants. And we have also learned that pumping trillions of dollars into huge corporations will not help those at the bottom, either. This Stock Market surge will be great for those heavily invested in stocks. But, for those of us in the real world who have zero to do with them, we are still suffering. No affordable housing, no affordable health care, no family leave. Just because a few have much does not mean we are all doing well.


And we aren't going to get any of those for at least four years regardless of who is elected. And I would argue that both parties have botched the COVID response. On the Right, McConnell is suddenly claiming fiscal responsibility when people in even his own party are trying to help. (The Paycheck Protection Act is cosponsored by Rubio, Gardner, and Hawley, three republicans) On the Left, Pelosi wont even allow a vote on the Paycheck Protection Act, which has bipartisan support in both houses. On the Right Trump failed to use the Defense Production Act to get more testing and ventilators. On the Left, Andrew Cuomo cut Medicaid Funding by 500 million dollars. On the Right McConnell is trying to shield corporate America from liability related to COVID 19 at the workplace. On the Left, Cuomo has already done so in NY State....you get the idea.
 
Eyad89
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Fri May 29, 2020 2:43 am

LCDFlight wrote:
The lockdowns and economic destruction were optional and achieved little public health benefit, at unimaginable cost. .


Funny, studies and data from different states and counties around the world show that lockdowns have done MASSIVE reductions in death rate and in bringing down the R0. Those reductions in death rates are even more significant in areas that were badly hit.

Thanks to lockdowns, the mortality rate in Europe today has reached its normal level before COVID.
 
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seb146
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Fri May 29, 2020 3:06 am

apodino wrote:
seb146 wrote:
AirWorthy99 wrote:
It seems that its highly probable that in Q3 we will have one of the biggest economic comebacks in the history of the US.


Thanks to covid-19 and the botched response by Republicans, we now know that the Stock Market has literally zero to do with essential employees or teachers or contract workers or flight attendants. And we have also learned that pumping trillions of dollars into huge corporations will not help those at the bottom, either. This Stock Market surge will be great for those heavily invested in stocks. But, for those of us in the real world who have zero to do with them, we are still suffering. No affordable housing, no affordable health care, no family leave. Just because a few have much does not mean we are all doing well.


And we aren't going to get any of those for at least four years regardless of who is elected. And I would argue that both parties have botched the COVID response. On the Right, McConnell is suddenly claiming fiscal responsibility when people in even his own party are trying to help. (The Paycheck Protection Act is cosponsored by Rubio, Gardner, and Hawley, three republicans) On the Left, Pelosi wont even allow a vote on the Paycheck Protection Act, which has bipartisan support in both houses. On the Right Trump failed to use the Defense Production Act to get more testing and ventilators. On the Left, Andrew Cuomo cut Medicaid Funding by 500 million dollars. On the Right McConnell is trying to shield corporate America from liability related to COVID 19 at the workplace. On the Left, Cuomo has already done so in NY State....you get the idea.


Pelosi and Democrats found common ground (COMPROMISED) with Republicans in the House and passed the Paycheck Protection Act

https://www.nytimes.com/2020/05/28/us/p ... anges.html

Your move, McConnell.....

BTW, we can not ever ever forget that the Obama administration left a "pandemic playbook" for the current administration to use and this administration threw it out. Ignored the coming pandemic and the leader decided he is bored with this pandemic talk and declared it over and went golfing. Fiddle-dee-dee
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Aesma
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Fri May 29, 2020 4:09 am

Eyad89 wrote:
LCDFlight wrote:
The lockdowns and economic destruction were optional and achieved little public health benefit, at unimaginable cost. .


Funny, studies and data from different states and counties around the world show that lockdowns have done MASSIVE reductions in death rate and in bringing down the R0. Those reductions in death rates are even more significant in areas that were badly hit.

Thanks to lockdowns, the mortality rate in Europe today has reached its normal level before COVID.


And that the economy suffers badly regardless of the level of legally enforced lockdown.
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apodino
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Fri May 29, 2020 5:56 pm

seb146 wrote:
apodino wrote:
seb146 wrote:

Thanks to covid-19 and the botched response by Republicans, we now know that the Stock Market has literally zero to do with essential employees or teachers or contract workers or flight attendants. And we have also learned that pumping trillions of dollars into huge corporations will not help those at the bottom, either. This Stock Market surge will be great for those heavily invested in stocks. But, for those of us in the real world who have zero to do with them, we are still suffering. No affordable housing, no affordable health care, no family leave. Just because a few have much does not mean we are all doing well.


And we aren't going to get any of those for at least four years regardless of who is elected. And I would argue that both parties have botched the COVID response. On the Right, McConnell is suddenly claiming fiscal responsibility when people in even his own party are trying to help. (The Paycheck Protection Act is cosponsored by Rubio, Gardner, and Hawley, three republicans) On the Left, Pelosi wont even allow a vote on the Paycheck Protection Act, which has bipartisan support in both houses. On the Right Trump failed to use the Defense Production Act to get more testing and ventilators. On the Left, Andrew Cuomo cut Medicaid Funding by 500 million dollars. On the Right McConnell is trying to shield corporate America from liability related to COVID 19 at the workplace. On the Left, Cuomo has already done so in NY State....you get the idea.


Pelosi and Democrats found common ground (COMPROMISED) with Republicans in the House and passed the Paycheck Protection Act

https://www.nytimes.com/2020/05/28/us/p ... anges.html

Your move, McConnell.....

BTW, we can not ever ever forget that the Obama administration left a "pandemic playbook" for the current administration to use and this administration threw it out. Ignored the coming pandemic and the leader decided he is bored with this pandemic talk and declared it over and went golfing. Fiddle-dee-dee


This is not the Paycheck Protection Act Seb despite the way the NY Times words the article. This is the Small Business Loan act that was part of the first CARES act. The Bill that Pelosi refuses to act on is the one sponsored by Pramila Jayapal in the House and Marco Rubio, Josh Hawley, and Cory Gardner in the senate.

All this is is a bill removing some limits on what was outlined in the original CARES act, and its something that should have never had to be done, except it was done because Pelosi and McConnell decided to listen to their corporate donors and not the people.
 
bhill
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Fri May 29, 2020 6:27 pm

Really? Wait till Covid -19 part II or III. The only thing that will rebound is the mortuary business...History has shown us what will happen. Spanish flu 1919. And when it does...there will be no excuse if not handled a lot better than his last cluster fuck.
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seb146
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Re: Democrats are concerned the "best economic data we’ve seen in the history of this country"

Sat May 30, 2020 2:48 pm

apodino wrote:
seb146 wrote:
apodino wrote:

And we aren't going to get any of those for at least four years regardless of who is elected. And I would argue that both parties have botched the COVID response. On the Right, McConnell is suddenly claiming fiscal responsibility when people in even his own party are trying to help. (The Paycheck Protection Act is cosponsored by Rubio, Gardner, and Hawley, three republicans) On the Left, Pelosi wont even allow a vote on the Paycheck Protection Act, which has bipartisan support in both houses. On the Right Trump failed to use the Defense Production Act to get more testing and ventilators. On the Left, Andrew Cuomo cut Medicaid Funding by 500 million dollars. On the Right McConnell is trying to shield corporate America from liability related to COVID 19 at the workplace. On the Left, Cuomo has already done so in NY State....you get the idea.


Pelosi and Democrats found common ground (COMPROMISED) with Republicans in the House and passed the Paycheck Protection Act

https://www.nytimes.com/2020/05/28/us/p ... anges.html

Your move, McConnell.....

BTW, we can not ever ever forget that the Obama administration left a "pandemic playbook" for the current administration to use and this administration threw it out. Ignored the coming pandemic and the leader decided he is bored with this pandemic talk and declared it over and went golfing. Fiddle-dee-dee


This is not the Paycheck Protection Act Seb despite the way the NY Times words the article. This is the Small Business Loan act that was part of the first CARES act. The Bill that Pelosi refuses to act on is the one sponsored by Pramila Jayapal in the House and Marco Rubio, Josh Hawley, and Cory Gardner in the senate.

All this is is a bill removing some limits on what was outlined in the original CARES act, and its something that should have never had to be done, except it was done because Pelosi and McConnell decided to listen to their corporate donors and not the people.


I keep typing "Small Business Loan Act Pelosi" into my search engine and keep coming up with the same links to the same articles that the House passed that bill and it is now in the Senate.

We should keep an eye on and comment on legislation introduced on the floor of both the House and Senate. We The People do need to be proactive about these things.
You bet I'm pumped!!! I just had a green tea!!!

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