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Message
re: Wall St Jour - No society can safeguard public health at the cost of its economic health.
Posted on 3/20/20 at 8:37 am to uway
Posted on 3/20/20 at 8:37 am to uway
quote:
I think that's ridiculous and that you're buying into hysteria.
Which hysteria are you referring to? The potential overreaction to the virus or the overreaction to the economy and overall financial stability of this country as well as individuals...
I think you will see the government take even more control over our lives when this is over and enough people will gladly let them in the name of "save me from the boogeyman"...
Posted on 3/20/20 at 8:38 am to SlowFlowPro
quote:
that's not how this works. that's what i was saying
I don’t think anyone knows the end game here.
Hopefully the recent steps taken can buy the time we need and help shorten the fight. And yes a month is too optimistic.
Posted on 3/20/20 at 8:39 am to SlowFlowPro
quote:
now = months. possibly up to 18 months
If that 18 months happens, this country is done for economically. We would wish to be as good as Venezuela.
Also the number of suicides from family heads who can no longer take care of their families would make the virus death toll look miniscule.
Posted on 3/20/20 at 8:41 am to Buckeye Jeaux
quote:
They could build thousands of hospitals with a fraction of the economic losses this country has suffered in the past couple months
do we have tony stark-level nanotech that can just build hospitals? hospitals takes years to build
even re-fitting an old hospital would take months
this thing overruns ER in a month and you don't even know people have it for 2-3 weeks of that month
Posted on 3/20/20 at 8:41 am to Y.A. Tittle
How many more days, months and years will Americans have to work because their investments have been trounced?
Oh you say the market will be back---but let me remind you we have lost the compounding time forever.
How many people will see their standard of living crumble?
It is time to say we have done what we can do with this social distancing it is now time to face the consequences of the virus and deal with that. Trump should say today we are going back to normal at the end of next week regardless of the consequences. He should then continue to push out the drugs that are promising, the ventilators, the test kits ect. We should have a full bore effort to treat the victims but it is time to free the economy.
Oh you say the market will be back---but let me remind you we have lost the compounding time forever.
How many people will see their standard of living crumble?
It is time to say we have done what we can do with this social distancing it is now time to face the consequences of the virus and deal with that. Trump should say today we are going back to normal at the end of next week regardless of the consequences. He should then continue to push out the drugs that are promising, the ventilators, the test kits ect. We should have a full bore effort to treat the victims but it is time to free the economy.
This post was edited on 3/20/20 at 8:44 am
Posted on 3/20/20 at 8:42 am to uway
quote:
I think that's ridiculous and that you're buying into hysteria.
"hysteria" is locking down a state like California, but that already happened. that wasn't me, either
if we're going to go that extreme eventually, next time it's where we'll start. just in targeted places
quote:
I think you can chalk up much of it to the hysteria.
you think people needing vents is due to hysteria?
Posted on 3/20/20 at 8:43 am to Volsfan82169
quote:
Also the number of suicides from family heads who can no longer take care of their families would make the virus death toll look miniscule.
And add alcoholism and drug addiction to that - not only in deaths, but in the still-alive, but addicted walking dead.
Posted on 3/20/20 at 8:44 am to The Maj
What I think is ridiculous is the idea that the government should take extreme measures for every coronavirus that appears (yearly).
Coronaviruses are just part of life now, just like the flu. This one, like the others before it, is not very deadly.
Coronaviruses are just part of life now, just like the flu. This one, like the others before it, is not very deadly.
Posted on 3/20/20 at 8:44 am to I B Freeman
quote:
It is time to say we have done we can do with this social distancing it is now time to face the consequences of the virus and deal with that.
way too big of a sunk cost, especially for politicians
they had data on how to handle this thing and they chose the one that immediately crashed our economy
you think they're going to reverse course now and (1) ensure an explosion in public deaths and (2) try to fix an already crashed economy?
Posted on 3/20/20 at 8:45 am to uway
quote:
What I think is ridiculous is the idea that the government should take extreme measures for every coronavirus that appears (yearly).
Coronaviruses are just part of life now, just like the flu. This one, like the others before it, is not very deadly.
i did say that when all is said and done, war with China and firebombing wherever these viruses emerge likely will cost the world less
Posted on 3/20/20 at 8:45 am to Buckeye Jeaux
If we are going to base our strategy on the worst possible outcome for any perceived threat we are going to do this every few years.
Nobody will be able to have a long term plan for anything. Say when this is done you want to start a small business. What is your 5 year plan going to be?
The population's reaction is a more important consideration than the actual medical effects.
Maybe next time shuting down air travel will be an easier sell earlier.
Nobody will be able to have a long term plan for anything. Say when this is done you want to start a small business. What is your 5 year plan going to be?
The population's reaction is a more important consideration than the actual medical effects.
Maybe next time shuting down air travel will be an easier sell earlier.
Posted on 3/20/20 at 8:46 am to uway
The government cannot eliminate every risk of life.
Posted on 3/20/20 at 8:46 am to gthog61
My company shut down all air travel very early on and it was evidently extremely effective.
Posted on 3/20/20 at 8:48 am to DownshiftAndFloorIt
And your company did it voluntarily.
Most people will make the best decisions for themselves given the opportunity.
Most people will make the best decisions for themselves given the opportunity.
Posted on 3/20/20 at 8:48 am to SlowFlowPro
quote:
you think people needing vents is due to hysteria?
I think hypochondria and fear have led to more people needing intensive care, yes.
I know we have created extreme stress among the general population which has negative health effects across the board.
Did you watch the video posted yesterday that talked about how this thing developed and became sort of a phenomenon?
youtube
Posted on 3/20/20 at 8:52 am to SlowFlowPro
My hope is that public outrage picks up at some point before our society is completely wrecked and forces course to be changed on this strategy the government is employing.
Posted on 3/20/20 at 8:55 am to Buckeye Jeaux
quote:
Our friend Ed Hyman, the Wall Street economist, on Thursday adjusted his estimate for the second quarter to an annual rate loss in GDP of minus-20%. Treasury Secretary Steven Mnuchin’s assertion on Fox Business Thursday that the economy will power through all this is happy talk if this continues for much longer.
If GDP seems abstract, consider the human cost. Think about the entrepreneur who has invested his life in his Memphis ribs joint only to see his customers vanish in a week. Or the retail chain of 30 stores that employs hundreds but sees no sales and must shut its doors.
Or the recent graduate with $20,000 in student-loan debt—taken on with the encouragement of politicians—who finds herself laid off from her first job. Perhaps she can return home and live with her parents, but what if they’re laid off too? How do you measure the human cost of these crushed dreams, lives upended, or mental-health damage that result from the orders of federal and state governments?
Some in the media who don’t understand American business say that China managed a comparable shock to its economy and is now beginning to emerge on the other side. Why can’t the U.S. do it too? This ignores that the Chinese state owns an enormous stake in that economy and chose to absorb the losses. In the U.S. those losses will be borne by private owners and workers who rely on a functioning private economy. They have no state balance sheet to fall back on.
The politicians in Washington are telling Americans, as they always do, that they are riding to the rescue by writing checks to individuals and offering loans to business. But there is no amount of money that can make up for losses of the magnitude we are facing if this extends for several more weeks. After the first $1 trillion this month, will we have to spend another $1 trillion in April, and another in June?
By the time Treasury’s small-business lending program runs through the bureaucratic hoops—complete with ordering owners that they can’t lay off anyone as a price for getting the loan—millions of businesses will be bankrupt and tens of millions will be jobless.
***
Perhaps we will be lucky, and the human and capitalist genius for innovation will produce a vaccine faster than expected—or at least treatments that reduce Covid-19 symptoms. But barring that, our leaders and our society will very soon need to shift their virus-fighting strategy to something that is sustainable.
Dr. Fauci has explained this severe lockdown policy as lasting 14 days in its initial term. The national guidance would then be reconsidered depending on the spread of the disease. That should be the moment, if not sooner, to offer new guidance on what might be called phase two of the coronavirus pandemic campaign.
Posted on 3/20/20 at 8:55 am to geauxtigers87
quote:
wall st advocating for money over people's health. shocked i say! shocked!
More people will be dying from poverty issues than the China virus if this continues much longer. Add to that the dead will be the young from poverty and this causes great problems for a long time in America.
My tune has totally changed from we can weather this to this is the coming of a great depression if we don't get our wits about us before the middle of April.
Posted on 3/20/20 at 8:56 am to uway
quote:
What I think is ridiculous is the idea that the government should take extreme measures for every coronavirus that appears (yearly). Coronaviruses are just part of life now, just like the flu. This one, like the others before it, is not very deadly.
Well, in some ways this will become like hurricanes in the gulf... "big one is coming - nothing", "big one is coming - nothing", "big one is coming - they always say that shite- frick it is here save us"
So, the general public will pay attention until they realize they are being wagged...
On the other hand, the government (State and Fed) will utilize this to seize more power from the people in the name of keeping everyone safe, fat, dumb and happy... The people will gladly give it up and once it is gone, it is gone...
Posted on 3/20/20 at 8:57 am to Buckeye Jeaux
I feel like the caveman didn't give a shite about economic health if you think about it.
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