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re: How many people are going to lose their jobs over this potential economic collapse?

Posted on 3/12/20 at 4:45 pm to
Posted by Centinel
Idaho
Member since Sep 2016
46739 posts
Posted on 3/12/20 at 4:45 pm to
quote:

That’s why the administration’s disinformation (hoax commentary) and inaction has been so negligent.




Had to get that Trump dig in there didn't you?

You people are so damn predictable.
Posted by GreatLakesTiger24
Member since May 2012
61599 posts
Posted on 3/12/20 at 4:51 pm to
quote:

this blows over spectacularly then the media has blown its' last shreds of respect. Nobody is going to believe what the magic picture box says anymore.

people still think this is just going to blow over in a couple weeks?
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 3/12/20 at 4:53 pm to
quote:

people still think this is just going to blow over in a couple weeks?


A lot of people here are showing their low IQs.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53839 posts
Posted on 3/12/20 at 4:57 pm to
quote:

people still think this is just going to blow over in a couple weeks?

I think it will be over by May so 6-7 weeks.
Posted by baldona
Florida
Member since Feb 2016
24485 posts
Posted on 3/12/20 at 4:59 pm to
quote:


I work for a hotel company. We just furloughed 20% of the workforce. Pretty much all of them will be laid off.


The impact people don't realize is its going to hurt the travel and other industries that then will impact others like food and beverage, those that service hotels like electricians, HVAC companies, etc.

Loans are laughable, they have to be paid back. If you don't have the money to pay a loan they won't help. I'm not a doomsdayer we'll recover just fine, but its going to be a hard couple of months I think.
Posted by keakar
Member since Jan 2017
30152 posts
Posted on 3/12/20 at 5:01 pm to
trump didn't cause a recession despite the DNC and MSM best efforts so they just did it themselves
Posted by ctiger69
Member since May 2005
31030 posts
Posted on 3/12/20 at 5:02 pm to
The weak minded sheep believe everything daddy media tells them. They are idiots.
Posted by GreatLakesTiger24
Member since May 2012
61599 posts
Posted on 3/12/20 at 5:03 pm to
My family just sold its hotel. What great timing
Posted by prplhze2000
Parts Unknown
Member since Jan 2007
58875 posts
Posted on 3/12/20 at 5:04 pm to
Friend lost several thousand dollars in business today alone over cancelled bookings. He is in film.
Posted by lsu13lsu
Member since Jan 2008
11842 posts
Posted on 3/12/20 at 5:04 pm to
quote:

If businesses grind to a halt and production stops because of panic? How much does this end up affecting everyone?



Potentially a good bit which is why I think the payroll tax cut idea is stupid.
Posted by Klingler7
Houston
Member since Nov 2009
12620 posts
Posted on 3/12/20 at 5:04 pm to
This seems like a topic that might be bettered suited in a course of bioethics.
Posted by RB10
Member since Nov 2010
52640 posts
Posted on 3/12/20 at 5:06 pm to
quote:

people still think this is just going to blow over in a couple weeks?


There are over 1,500 confirmed cases in the US right now. Only 10 of them are in critical condition. Precaution is fine. Panic is not.

LINK
Posted by Batman Chalupa
Member since Feb 2020
387 posts
Posted on 3/12/20 at 5:12 pm to
Folks at my office were already a little concerned with the Saudi’s flooding the crude market but that shite still has to be refined. We also do so many other energy based projects along with plastics, so I’m grateful to have the job I have.

We may experience some light layoffs but that will be temporary and short. There’s still a shite ton of projects we have coming down the pipe and after speaking with most of our clients this week, it was made clear that none are even considering canceling projects.

People can scoff at this post and say I’m being overly optimistic but I’m telling y’all now once this shite blows over, there’s going to be balls to the new projects. I think Trump signs an EO to cut more taxes and loosen regulations even more which I am thrilled with and will be good for everyone.

On another note, I just wanted to share my thoughts on this virus from a rational, average Joe: this thing is highly contagious but if you’re younger than 75 and have at least meh health, you are going to survive. Seriously, your health would have to be extremely poor. I’m blown away at the irrational level of panic. Definitely not saying to take this virus lightly but wash your hands and arse, cover your fricking mouth when you cough and sneeze and use common sense. People should be doing these things daily anyway but we got some filthy motherfrickers in the OT.
Posted by Batman Chalupa
Member since Feb 2020
387 posts
Posted on 3/12/20 at 5:17 pm to
quote:

There are over 1,500 confirmed cases in the US right now. Only 10 of them are in critical condition. Precaution is fine. Panic is not.


You nailed it.

I can’t believe the irrational panic we’re seeing. The precautions they’ve put out should be easy to follow. I can’t believe we have this many people in this country without common sense.
Posted by GreatLakesTiger24
Member since May 2012
61599 posts
Posted on 3/12/20 at 5:17 pm to
quote:

There are over 1,500 confirmed cases in the US right now. Only 10 of them are in critical condition. Precaution is fine. Panic is not.

LINK

so what precaution is acceptable in your eyes

I’ll hang up and listen
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41915 posts
Posted on 3/12/20 at 5:18 pm to
PH?
Posted by GreatLakesTiger24
Member since May 2012
61599 posts
Posted on 3/12/20 at 5:21 pm to
quote:

lot of people here are showing their low IQs.


It’s pretty alarming. Some of the baws on here are going to get their parents or grandparents laid up at da oscha.
Posted by RB10
Member since Nov 2010
52640 posts
Posted on 3/12/20 at 5:22 pm to
quote:

so what precaution is acceptable in your eyes

I’ll hang up and listen


Let’s start with not acting like 1,600 cases in the US is some astronomical number that is pointing to an extinction level event. Let’s also consider the possibility that this virus has been here since late 2019 and we aren’t all coughing up lungs and passing out in the streets.

In short, think logically and stop taking all of the worst case scenario estimates as gospel truth.
This post was edited on 3/12/20 at 5:23 pm
Posted by GreatLakesTiger24
Member since May 2012
61599 posts
Posted on 3/12/20 at 5:24 pm to
quote:

Let’s start with not acting like 1,600 cases in the US is some astronomical number that is pointing to an extinction level event. Let’s also consider the possibility that this virus has been here since late 2019 and we aren’t all coughing up lungs and passing out in the streets.

In short, think logically and stop taking all of the worst case scenario estimates as gospel truth.
great non answer
Posted by tigernnola
NOLA
Member since Sep 2016
3589 posts
Posted on 3/12/20 at 5:25 pm to
Afraid this will have a huge effect on LA. The hospitality industry is already taking it on the chin. Add the oil price war to the picture and none of us can imagine the magnitude.


Offering SBA disaster loans to business may save some small business, but a lot of folks that get laid off will not have a job to return to. Unemployment can only go so far in a family household.


Desperate people do desperate things; watch the crime rate.
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