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Message
Why does our economy have to tank in this setting?
Posted on 3/29/20 at 12:21 pm
Posted on 3/29/20 at 12:21 pm
Can we learn from this and be proactive? Because, the reality is that something like this will happen again...it's not a matter of if...but when. So, can we enact legislation to protect the economy (our businesses and people) and activate it when a new nasty bug takes off from God knows where. Businesses and regular folks will need protections from creditors for the duration of the social isolation and pause...banks will need to hold cash reserves to protect themselves with federal insurance to protect them after a given time span...and furloughed employees will need temporary employment income (not as much as normal as the legislation needs to allow for pauses w/o penalties for mortgage and major utility bills). With this kind of proactive legislation, we can allow the president to pull the rip cord before the pandemic precautions go into effect and keep the economy from tanking and the market from overreacting. Just an idea to kick around. Sounds better than patchwork bailouts that costs trillions!
10
Posted on 3/29/20 at 12:22 pm to MichiganTiger
I think all major countries will seek to massively expand hospital capacity after this.
If the capacity is big enough, you don’t have to flatten the curve
If the capacity is big enough, you don’t have to flatten the curve
Posted on 3/29/20 at 12:24 pm to HailHailtoMichigan!
quote:
I think all major countries will seek to massively expand hospital capacity after this.
It would be very expensive to maintain hospital space you don’t need just “in case” some dude eats a bat halfway across the world.
This post was edited on 3/29/20 at 12:27 pm
Posted on 3/29/20 at 12:27 pm to HailHailtoMichigan!
quote:
I think all major countries will seek to massively expand hospital capacity after this.
But at what cost? Hospitals are very expensive to run and in between these type scenarios will those additional hospitals be able to run at less than profit margins and stay open? You might see government run hospitals doing as you're saying but privately owned, I'm not so sure. Just a thought.
Posted on 3/29/20 at 12:36 pm to MichiganTiger
This economy is a house of cards, the initial bailout weakened it and now companies like Boeing can run on a shoestring because they know congress will bail them out.
Posted on 3/29/20 at 12:48 pm to Tiguar
quote:Exactly.
It would be very expensive to maintain hospital space you don’t need just “in case” some dude eats a bat halfway across the world.
Why take out a mortgage on a second house that will sit empty, just in case the house you're in gets struck by lightning or hit by a tornado or hurricane?
Posted on 3/29/20 at 12:52 pm to Tiguar
quote:
I think all major countries will seek to massively expand hospital capacity after this.
It would be very expensive to maintain hospital space you don’t need just “in case” some dude eats a bat halfway across the world.
Agreed...I don't think expanding hospital capacity will do the trick...besides flattening the curve doesn't just save space...it saves lives.
This post was edited on 3/29/20 at 12:55 pm
Posted on 3/29/20 at 12:53 pm to HailHailtoMichigan!
quote:
I think all major countries will seek to massively expand hospital capacity after this.
You mean like we do with electric power plants?
Yes, we pay old plants that aren't economical to run most of the year to remain operational for the several days of the year they are needed.
That means you have to pay operators to keep them maintained and the fuel supply ready all year long, even thought they might only run for 120 hours a year.
Posted on 3/29/20 at 12:56 pm to TigerAxeOK
If we keep it shutdown too long it will. With the fed and stimulus and quick resolution to this Chinese virus we’ll come back stronger than before! Think of all the manufacturing jobs coming back from China on things like pharma, medical, military etc. Also the housing, auto, and construction jobs returning as people exit the sardine cans of the big cities as this pandemic proves how vulnerable people are in them.
Posted on 3/29/20 at 1:00 pm to HailHailtoMichigan!
quote:
all major countries will seek to massively expand hospital capacity
Why would they? That would be akin to keeping all the contractors after the shutdown is over. Temporary measures to increase personnel (or beds in this case) during extraordinary events is the prudent way to act.
Posted on 3/29/20 at 1:03 pm to Tcalman
quote:
Think of all the manufacturing jobs coming back from China on things like pharma, medical, military etc. Also the housing, auto, and construction jobs returning as people exit the sardine cans of the big cities as this pandemic proves how vulnerable people are in them.
This is what I'm truly hoping for!
We can do this and it never should have gone this far! This China manufacturing problem really is national security.
Problem is...a lot of Congress is bought of by the Chinese
Posted on 3/29/20 at 1:04 pm to MichiganTiger
quote:
So, can we enact legislation to protect the economy
NO!
This is the phrase that results in unintended consequences. The best thing for the economy is for it to be left alone.
Posted on 3/29/20 at 1:11 pm to HailHailtoMichigan!
quote:
I think all major countries will seek to massively expand hospital capacity after this.
If the capacity is big enough, you don’t have to flatten the curve
Who the frick is going to pay for that? Are people going to become doctors to just sit around until needed?
Posted on 3/29/20 at 1:17 pm to HailHailtoMichigan!
quote:
think all major countries will seek to massively expand hospital capacity after this
This could work for mobile or temp hospitals ready to be set up within days. like what the army corps of engineers has done in NYC.
Require all megapopulation cities to have several on hand in a warehouse
Posted on 3/29/20 at 1:19 pm to HailHailtoMichigan!
quote:
I think all major countries will seek to massively expand hospital capacity after this.
If the capacity is big enough, you don’t have to flatten the curve
If they could afford to do so in the first place, they would instead of it taking 9 months to have knee surgery. Their current system is breaking their governments. Why would they spend more money to prepare for a single event in the future?
Posted on 3/29/20 at 1:23 pm to MichiganTiger
quote:
Can we learn from this and be proactive? Because, the reality is that something like this will happen again...it's not a matter of if...but when. So, can we enact legislation to protect the economy (our businesses and people) and activate it when a new nasty bug takes off from God knows where. Businesses and regular folks will need protections from creditors for the duration of the social isolation and pause...banks will need to hold cash reserves to protect themselves with federal insurance to protect them after a given time span...and furloughed employees will need temporary employment income (not as much as normal as the legislation needs to allow for pauses w/o penalties for mortgage and major utility bills). With this kind of proactive legislation, we can allow the president to pull the rip cord before the pandemic precautions go into effect and keep the economy from tanking and the market from overreacting. Just an idea to kick around. Sounds better than patchwork bailouts that costs trillions!
I would say generally (because there is no details) what you are suggesting is mostly unconstitutional, either way you are asking for someone to pay your bills. The government as a generalization can't tell one person they are somehow waived money under contract to another - as a generalization.
What you are suggesting is more or less contrary to law, generally speaking. Someone is going to have to pay.
How about this, how about the government stop creating the problem to start with - brilliant! Many of these local governments could go belly up into bankruptcy as a result of their actions - taking suits are going to probably come left and right. States have not only ruined their tax base but potentially setting themselves up for "taking" suits.
Many of these States better start thinking of how they're going to get money as they've shut down the economy.
This post was edited on 3/29/20 at 1:28 pm
Posted on 3/29/20 at 1:24 pm to volnavy
quote:
Require all megapopulation cities to have several on hand in a warehouse
That stuff would be out of date before it was used again.
Posted on 3/29/20 at 1:26 pm to HailHailtoMichigan!
quote:
think all major countries will seek to massively expand hospital capacity after this.
More likely we expand the ability to self quarantine and socially distance quickly.
quote:
If the capacity is big enough, you don’t have to flatten the curve
The kind of capacity that is needed to not need to flatten the curve is unrealistic.
Posted on 3/29/20 at 1:28 pm to HailHailtoMichigan!
quote:
I think all major countries will seek to massively expand hospital capacity after this.
If the capacity is big enough, you don’t have to flatten the curve
You want to permanently massively expand the hospital capacity forever because of what has till now been a once in a lifetime event?
Posted on 3/29/20 at 1:28 pm to MichiganTiger
quote:
Businesses and regular folks will need protections from creditors for the duration of the social isolation
So no one pays anyone?
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