Started By
Message
locked post

Australia with like 100 total cv19 deaths just reported a Q2 gdp decline of 8%.

Posted on 9/3/20 at 10:52 am
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69228 posts
Posted on 9/3/20 at 10:52 am
Which is almost IDENTICAL to our Q2 gdp decline


Dems can argue till they are blue in the face, but there is very little evidence that America’s economic contraction in Q2 was something that could have been avoided.

Furthermore, we are now recovering a lot faster than Europe and SK
Posted by kmdawg17
'Murica
Member since Sep 2015
1515 posts
Posted on 9/3/20 at 10:53 am to
This post was edited on 9/3/20 at 10:57 am
Posted by UGATiger26
Jacksonville, FL
Member since Dec 2009
9044 posts
Posted on 9/3/20 at 10:59 am to
What is supposed to be the logic behind the claim that Trump's handling of COVID caused undue economic harm?

Are we really supposed to believe that even stricter lockdown/quarantine measures would've somehow led to less economic damage?
Posted by Big Scrub TX
Member since Dec 2013
33290 posts
Posted on 9/3/20 at 11:00 am to
Taiwan has 7 deaths and flat GDP.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69228 posts
Posted on 9/3/20 at 11:05 am to
Taiwan also had something no other first world nation had: a population with memory immunity from previous exposure to SARS.
Posted by longwayfromLA
NYC
Member since Nov 2007
3331 posts
Posted on 9/3/20 at 1:08 pm to
quote:

Australia with like 100 total cv19 deaths just reported a Q2 gdp decline of 8%.
Which is almost IDENTICAL to our Q2 gdp decline


Dems can argue till they are blue in the face, but there is very little evidence that America’s economic contraction in Q2 was something that could have been avoided.

Furthermore, we are now recovering a lot faster than Europe and SK



I'm not sure this is responsive to the most common critique. Consider if you describe the same situation thusly, The US'pandemic non-plan has led outcomes 20 times worse in terms of per capita deaths and has gained no relative GDP benefit for the trouble as compared to Australia.
Posted by TigerDoc
Texas
Member since Apr 2004
9893 posts
Posted on 9/3/20 at 1:12 pm to
Right - and actually, a little worse GDP performance for the US, in fact.

He'll argue that our numbers are falling and theirs having been rising, but everybody's going to be doing the hammer and the dance until we get to herd (be it by infection or vaccination).
Posted by longwayfromLA
NYC
Member since Nov 2007
3331 posts
Posted on 9/3/20 at 1:27 pm to
quote:

Taiwan also had something no other first world nation had: a population with memory immunity from previous exposure to SARS.


Seems like a argument that our plan should have been to very closely emulate the Taiwanese.
Posted by TigerMyth36
River Ridge
Member since Nov 2005
39727 posts
Posted on 9/3/20 at 1:32 pm to
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69228 posts
Posted on 9/3/20 at 1:33 pm to
quote:

Right - and actually, a little worse GDP performance for the US, in fact.
Where are you seeing this?

Germany not only is recovering a lot more slowly than we are right now, but their Q2 gdp declined by more than ours, as did the UK's and France's.

WSJ: U.S. Economic Recovery Gains Steam While Others Stutter


There's a reason trump's ratings on the economy have been pretty durable even through covid. Most honest people know that people care more about their lives than their economic livliehood, so they were willing to take a hit to protect people.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69228 posts
Posted on 9/3/20 at 1:35 pm to
quote:

longwayfromLA
BTW, france and the spain are now seeing more per capita daily new cases than we are.

I thought you guys said these countries "showed us how its done"?

Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11066 posts
Posted on 9/3/20 at 1:35 pm to
Australia will be in recession for the first time in 30 years I believe
Posted by TigerDoc
Texas
Member since Apr 2004
9893 posts
Posted on 9/3/20 at 1:46 pm to
LINK

We were talking about Australia, right? I'm seeing -7% for Australia and we had about -8.2%.

Regards Europe, maybe the public ends up happy with how we're dealing with this, but go read the European polling vs. ours on how we're handling this. Our approach is relatively unpopular.

Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69228 posts
Posted on 9/3/20 at 1:52 pm to
quote:

Regards Europe, maybe the public ends up happy with how we're dealing with this, but go read the European polling vs. ours on how we're handling this. Our approach is relatively unpopular.
Yea, I saw this. I believe the polling shows UK and US citizens are unhappy, while others are content.

I think that will change though if spain and france continue to see surges.


I think sweden's approach will end up being regarded as the finest display of public health leadership in the history of the world.

Like, sweden's administration needs to be awarded every prize possible.
Posted by longwayfromLA
NYC
Member since Nov 2007
3331 posts
Posted on 9/3/20 at 2:27 pm to
quote:

BTW, france and the spain are now seeing more per capita daily new cases than we are.

I thought you guys said these countries "showed us how its done"?


I haven't checked in on this in a while. Let's see if this is actually true or just BS.

Source

Using a 7 day rolling from 8/27-9/2
France - 84 case/M; 0.3 deaths/M
Spain - 95 cases/M; 0.67 deaths/M
US - 128 cases/M; 2.7 deaths/M

So we're still generating 30-50% more cases per capita and 5 to 9 times as many deaths per capita. So BS then. Anyhow a better description of my stance is we've shown others countries precisely what not to do.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69228 posts
Posted on 9/3/20 at 2:32 pm to
This is the seven day avg, so the gap b/w france and america is likely gone at this point.



Not to mention this doesn't take into account testing levels.

LINK
Posted by longwayfromLA
NYC
Member since Nov 2007
3331 posts
Posted on 9/3/20 at 2:32 pm to
quote:

I think sweden's approach will end up being regarded as the finest display of public health leadership in the history of the world.


More than Taiwan? More than New Zealand? More than their neighbors Norway, Finland & Denmark which has seen much, much, much better outcomes and a less steep economic downturn? Not a lot of reason for that, at present.
Posted by Lima Whiskey
Member since Apr 2013
19083 posts
Posted on 9/3/20 at 2:36 pm to
Entirely avoidable

We shouldn’t have shutdown
Posted by longwayfromLA
NYC
Member since Nov 2007
3331 posts
Posted on 9/3/20 at 2:37 pm to
quote:

This is the seven day avg, so the gap b/w france and america is likely gone at this point.


I retract. Not BS. Though we seem to have a fairly material source conflict. But this is legit.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69228 posts
Posted on 9/3/20 at 2:38 pm to
quote:

I retract. Not BS. Though we seem to have a fairly material source conflict. But this is legit.
to be fair, it looks like even though cases are surging in france and spain (but curiously not italy), deaths are not.

So maybe there is either faulty testing, or the outbreaks are at universities.
first pageprev pagePage 1 of 2Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram