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Posted on 5/21/20 at 2:56 pm to Darth_Vader
Because we can just give out checks!!
Posted on 5/21/20 at 2:57 pm to stout
Posted on 5/21/20 at 3:22 pm to Green Chili Tiger
quote:
pull themselves up by their bootstraps
physically impossible-AOC
Posted on 5/21/20 at 3:23 pm to stout
How many of those are people that are just taking 2-3 months off as most banks are allowing it?
Posted on 5/21/20 at 3:24 pm to stout
Half Witt and Fauci says frick these people, must stay closed
Posted on 5/21/20 at 3:26 pm to stout
Yet the media is worried about why the President isn’t wearing a mask.
Posted on 5/21/20 at 3:27 pm to Crowknowsbest
quote:
So much for the misguided and hopeful proclamations of short-term economic impacts and a speedy recovery.
Well we can’t really judge that right now. The more things open up the faster the recovery will be.
Posted on 5/21/20 at 3:32 pm to stout
quote:Thank You.
The banks and the people were to blame last time
Dumb arse people that knew they couldn't afford the house. Or were too dumb to understand what an ARM was.
And the banks doubling down on CDO bonds.
This time, part of this sadly is the economy hurting families with no savings......
But the other half is dumb arse people thinking the debt won't stay on the books. Spending the trump bucks on luxuries instead of paying their bills...
And the actual tax payers getting fricked again.
Posted on 5/21/20 at 3:35 pm to TH03
quote:
Well we can’t really judge that right now.
I think we have a pretty damn good idea. The numbers are adding up to be way too devastating for a quick recovery. It’s at least becoming very unlikely that that will be the case.
quote:
The more things open up the faster the recovery will be.
I don’t have high hopes judging by the governmental and popular response to this point.
Posted on 5/21/20 at 3:38 pm to Mahootney
quote:
Spending the trump bucks on luxuries instead of paying their bills...
The Trump bucks were an insufficient attempt to hold people over for necessities with the additional purpose of buying their compliance on the lockdown.
People who lost their primary income weren’t likely going to be able to save their mortgage with Trump bucks.
This post was edited on 5/21/20 at 3:39 pm
Posted on 5/21/20 at 3:39 pm to Darth_Vader
quote:
Why were there no models done projecting what the outcome of such a shutdown would do to the economy and how many lives that would cost?
quote:
Coronavirus pandemic may lead to "deaths of despair" from suicide, drug and alcohol abuse, a Robert Graham Center for Policy Studies study says.
Deaths of despair are tied to multiple factors, like unemployment, fear and dread, and isolation.
A very slow recovery combined with the greatest impact of unemployment could result in more than 150,000 deaths of despair, the study estimates.
Researchers think somewhere in the middle is most likely, with 75,000 additional deaths.
The researchers said the biggest way to help prevent some of these deaths is to get people back to work.
Social isolation has more consequences for the many vulnerable patients who suffer from depression, anxiety and addiction.
"Addiction patients are relapsing, and a lot of patients who don't have drug use or alcohol problems are drinking more now, sometimes every day, and they don't stop until they sleep."
Posted on 5/21/20 at 3:41 pm to TH03
quote:Nothing is pointing at a “v-shaped” recovery.
Well we can’t really judge that right now. The more things open up the faster the recovery will be.
Even in areas where they have already reopened, businesses seem to be reporting that they are unable to find employees.
People aren’t returning to work.
If people won’t return to work, it does not matter if areas open or not.
This post was edited on 5/21/20 at 3:43 pm
Posted on 5/21/20 at 3:42 pm to stout
Posted on 5/21/20 at 3:47 pm to Green Chili Tiger
quote:
Those delinquent borrowers should pull themselves up by their bootstraps. Maybe get a second job.
Kind of hard to get a second job when the government shut down your first job to begin with.
Posted on 5/21/20 at 3:56 pm to stout
Hopefully some vacation homes in there
Posted on 5/21/20 at 4:03 pm to stout
Fuuuuuuuuk
Posted on 5/21/20 at 5:00 pm to Green Chili Tiger
quote:
Those delinquent borrowers should pull themselves up by their bootstraps. Maybe get a second job.
Too much Starbucks and avocado toast
Posted on 5/21/20 at 5:55 pm to stout
time to short the dogshit CDOs
Posted on 5/21/20 at 5:58 pm to Florida225
quote:
What will the numbers be when we catch up to Italy in 14 days?
Kinda hard for people to pay their mortgage when they're all dead.
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