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Posted on 3/14/20 at 3:34 pm to chryso
quote:
So we don't sell stuff for a couple of weeks. Why is that irreparable?
You know what happens when there isn't food on the shelves for a couple weeks?
Posted on 3/14/20 at 3:57 pm to BOSCEAUX
quote:
For frick sake nurse so was swine flu, bird flu, H1N1, we have seen this before this one just has a different name. Don’t act like this is a once in a lifetime occurrence
Are you aware of what's going on in Italy the past few days?
Sure only 1300 people have died, but their entire healthcare system has been brought to its knees in under two weeks. People are literally drowning from fluid in their lungs right now from lack of ventilators. Doctors are having to triage who gets treatment. There are not enough hospital beds, operating rooms are being converted to ICU etc.
H1N1, bird/swine flu never did that to a modern western country.
I can't even imagine what that would look like over here if it got to that point. That's why everything started happening now to avoid what's going on in Italy.
BTW, food for thought. Italy has more hospital beds per capita than the USA. While South Korea, has 4x more than Italy.
https://data.oecd.org/healtheqt/hospital-beds.htm
Posted on 3/14/20 at 4:00 pm to BOSCEAUX
If you don't act to contain the spread now then things will get far worse from a financial perspective. And for an even greater period of time.
Posted on 3/14/20 at 4:01 pm to Unknown_Poster
quote:
If you don't act to contain the spread now then things will get far worse from a financial perspective. And for an even greater period of time.
That depends on the specific measures you take to contain the spread.
Posted on 3/14/20 at 4:02 pm to BOSCEAUX
It would be a shame if your wife went into labor or your brother had a heart attack and could not revive proper medical care because the hospitals were overrun with sick people.
Posted on 3/14/20 at 4:02 pm to BOSCEAUX
Time to shut down all government assisted healthcare, too, including subsidies for medical research? That costs a lot of money. So what if it saves lives, if it costs me money it’s got to go. Only the young and strong deserve to live!
Americans are remarkable entrepreneurs and tons of money will be made off of this. Perhaps you need to figure out a way to make money off of this or adjust your business accordingly.
Americans are remarkable entrepreneurs and tons of money will be made off of this. Perhaps you need to figure out a way to make money off of this or adjust your business accordingly.
This post was edited on 3/14/20 at 4:05 pm
Posted on 3/14/20 at 4:03 pm to Crowknowsbest
quote:
That depends on the specific measures you take to contain the spread.
The most aggressive possible to ensure things are contained quickly. You go with a bunch of shitty half-measures and you only prolong both the spread of the virus and the economic consequences.
Shitty unexpected things happen. The markets go down, and the markets recover. But if you dick around now worrying about short-term economic impact then this thing will keep lingering.
Posted on 3/14/20 at 4:06 pm to Unknown_Poster
quote:
The most aggressive possible to ensure things are contained quickly. You go with a bunch of shitty half-measures and you only prolong both the spread of the virus and the economic consequences.
Shitty unexpected things happen. The markets go down, and the markets recover. But if you dick around now worrying about short-term economic impact then this thing will keep lingering.
The most aggressive possible measures could very well lead to very severe and lasting economic impacts. Depressions are serious human welfare disasters. This virus is very serious, but it's one big variable in a world of other big variables from a societal perspective.
Posted on 3/14/20 at 4:09 pm to Crowknowsbest
I don't doubt that. I just think the long-term cost of not aggressively containing the spread are far worse than anything that might arise from said aggressive actions. I might have a different opinion if it were the 1990's but a lot of business today can be conducted via phone/text/internet.
Posted on 3/14/20 at 4:09 pm to vuvuzela
In a pandemic you do what you have to do to contain and prevent as many people from dying as possible, and the government should be pumping money into the common person's wallet and doing what it can to keep the economy afloat.
We can send 1.5t to wall street but struggle to envision doing anything but a payroll tax cut for general population, many of who are in the gig economy, jobless or will be soon, or retired.
We need an emergency stimulus putting money in people's pockets and soon. We print money all the time for business tax cuts and our endless war in the middle east. If there was ever a good reason to print money and cause inflation this is it.
We can send 1.5t to wall street but struggle to envision doing anything but a payroll tax cut for general population, many of who are in the gig economy, jobless or will be soon, or retired.
We need an emergency stimulus putting money in people's pockets and soon. We print money all the time for business tax cuts and our endless war in the middle east. If there was ever a good reason to print money and cause inflation this is it.
Posted on 3/14/20 at 4:11 pm to BOSCEAUX
quote:
Old people die every year from the flu, yes this might turn out to be worse but what else can be done without butt fricking us all.
Imagine writing this and thinking you’re not dumb as frick. What a stupid take.
Posted on 3/14/20 at 4:14 pm to BOSCEAUX
quote:You're continuing to show you don't understand virology
For frick sake nurse so was swine flu, bird flu, H1N1, we have seen this before this one just has a different name. Don’t act like this is a once in a lifetime occurrence
1) Swine flue and H1N1 were the same thing.
2) swine & avian flu were both from the influenza genera, which we have some natural immunity to due to environment & previous exposure and we have antivirals and vaccines to help treat/prevent.
3) influenza =/= coronavirus. Their list of differences vastly outweigh their list of similarities.
This new virus (SARS-CoV-2) is from a whole different phylum of viruses that we have virtually no immunity to, don't have specific enough antivirals/vaccines for, and simply don't understand as well. That's why we're taking such strong measures for containment.
We know how to make effective drugs for influenza strains. That doesn't mean there still won't be millions of cases and thousands of deaths from flu viruses, but we know how various influenzas behave in a human body and how to stay ahead of it. We don't have the same knowledge on coronaviruses
Posted on 3/14/20 at 4:15 pm to Hulkklogan
quote:If Keynesianism worked liked it was supposed to, the gov could do a lot to stabilize the economy. Like lower interest rates or deficit spend.
government should be pumping money into the common person's wallet and doing what it can to keep the economy afloat
However, due to the shittiness of Bush 2, Obama , and Trump we are running record deficits and record low interest rates in a booming economy.
Now we have an emergency and we have already burned through 2 lifelines.
Posted on 3/14/20 at 4:19 pm to Ronaldo Burgundiaz
Economic policy the last 4 decades has stripped the middle class bare as well.
Posted on 3/14/20 at 4:20 pm to Dominate308
Who said we should?
Posted on 3/14/20 at 4:46 pm to chryso
quote:Everyone who depends on entertainment events, sports, tourism, or conventions for their income is feeling the pain already. No money coming in for at least a few weeks, if not longer. Yet they still have bills to pay and have to put food on the table somehow. Other people who may have still been able to go to work may not be able to now because they have to stay home with kids because schools are closed.
So we don't sell stuff for a couple of weeks. Why is that irreparable?
How is the economy going to bounce back when all this stuff shutting down for weeks or months leaves a LOT of people on the brink of bankruptcy? The economy isnt bouncing back if people don’t have money to spend when things reopen
Posted on 3/14/20 at 5:54 pm to Unknown_Poster
quote:
only prolong both the spread of the virus and the economic consequences
I thought that was the point of what we are doing? To flatten the curve and spread the cases out over a longer period of time.
Posted on 3/14/20 at 5:56 pm to Unknown_Poster
quote:
If you don't act to contain the spread now then things will get far worse from a financial perspective. And for an even greater period of time.
Speculative.
Posted on 3/14/20 at 5:57 pm to Dominate308
quote:
Using your logic, why should we care about Sickle Cell or AIDS?
I don’t think we do.
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