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CNN and MSNBC consider cutting out on Trump's virus press conferences due to misinformation, lies, and self-promoting:
Attention Required! | Cloudflare |
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Is it the majority though? The median income in the US is about 31K Personal income in the United States - Wikipedia Most people would be making more under the unemployment insurance than by working. |
I can see about 1.2 trillion, where is a layout where all 2 trillion is going?
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Lets go with that. Those people do make more on unemployment. Is that going to cripple the country? At least that money goes back into the economy rather than buying back stocks. We give billions to people that already have money, let billionaires get away with not paying taxes, but draw the line at people that don't have much of anything getting something? If $600 a week added to unemployment means people sit at home rather than work then maybe there's a pay issue on the lower to mid levels and not with unemployment. |
Eh, I'm in favor of passing the thing but if you're honestly arguing that every job should pay more than $600 a week, all I can say is a lot of industries will cease to exist and you'll have a lot more permanently unemployed people were that the standard. Which it can be argued would be a good thing, but there are quite a few jobs that simply aren't worth that much. Note that I said the job wasn't worth that much, not the employee doing it.
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In some areas $600 a week isn't close to enough to live off of. Other areas it's a decent amount of money. However, unemployment isn't a forever thing. The benefits eventually run out. If $600 extra per week is enough to keep someone at home and not working then it's unlikely they're adding much to the workforce to begin with. I just find the idea that an extra $600 per week is going to have all these poor folk sitting on their couch Scrooge McDucking with their newfound riches absurd. The vast majority will use it the best they can and move on as soon as they can. Not helping those people as much as we can just to stick it to a small percentage of people doesn't make sense to me. Especially when there's usually nowhere near the outcry when it comes to corporate welfare. |
I bet most of those people even have refrigerators.
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We want them to stay home and research has shown that when they can spend basically all of it will be spent.
Meanwhile, nobody is saying anything about the 3k my family will get when we haven't lost our jobs and combined make a good living. |
It's amazing to me how people get in a tizzy that the poor and lower middle class may be getting money from the government regardless of how much economic sense it makes (look up the marginal propensity to consume for those with lower incomes). And yet gobs of money can be fast tracked to massive corporations and it gets barely any pushback nor a closer view on if the amount is ok. Capitalism for the poor, socialism for the rich indeed.
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That's the whole point right now. Don't work, stay home and don't overwhelm the hospitals in the next month or two. Here's some money so you don't starve homeless in the intermediate. Graham, Sasse, and company are stupid or evil. |
It also seems worth noting that a significant number of these unemployed folks are going to either get sick or care for sick family, and for those folks $600 a week won't feel the slightest bit extra.
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I can not believe that McConnell is sending the Senate home for a month with no provisions for remote voting. It's Trump or nothing, I guess.
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One down. Pelosi's turn next.
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They are still way too slow in allowing EBT purchases to be made from the popular grocery delivery apps. Grocery stores are going to get killed next week when food stamps hit. In the poorer areas people are going to need to find rides and that’s just going to encourage more unnecessary mingling.
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And again, you don't get unemployment if you quit. So what's your point here? You just hate poor people that much, or what? This isn't social security, your amount shouldn't be limited by how much you've paid in tax wise. This is a national emergency where experts have come out and said the GDP is going to contract by 25% in a single quarter! Maybe instead of worrying about social darwinism for once, they can just let the poor people have this ONE FUCKING THING. |
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I believe there is a provision to get this if you quit because of the coronavirus. So yeah, some people are going to take advantage of it unnecessarily. Others are going to use this out because of legit reasons (e.g. taking care of ill family member). I haven't seen any calculations but on the whole, I lean towards not letting this get in the way. BTW - I am surprised that they were able to agree businesses owned/controlled by Trump & family & some others won't be eligible for aid. My gut tells me there'll be some sort of loophole somewhere that someone finds. I am conflicted by this and think it could have been done with some specific controls. EDIT: Maybe not part of the bill but was a previously relaxed provision. https://www.businessinsider.com/unem...qualify-2020-3 Quote:
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3.2 million first time unemployment claims last week. Large amount from the hospitality industry.
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Honestly, how many people that quit because of Covid 19 are walking away from high paying jobs? I would venture not many and for those people they are taking a huge pay cut. The people that "may" do this are working low pay, little future jobs and of anybody in this country they deserve it the most. It's laughable that people worry about poor people getting a few extra scraps when many of them have been exploited and had to struggle for years. Yet fuck sticks like Lindsey Graham, who had no issues voting for massive tax cuts for the wealthy and big business now want to take the financially responsible high ground? |
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Yeah that and likely just the beginning I fear. Supermarkets are still shockingly low on items as of yesterday too. But hey the market is up so guess it is all well since that is all Cheato in the WH cares about.:( |
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Not necessarily true. It does vary greatly by part of the country. I'm personally in the low-paying bracket, I don't think I deserve it, and I'm currently struggling with how best to deal with that. Most likely it will be putting some of it back into the economy at some point. The expanded UI benefit alone in my part of the country is almost as much as you make for managing a restaurant. I've made significantly less personally as a salaried assistant manager. It's more than what you make for running, for example, a coffee shop, a cell phone store, most physical labor jobs in a factory/warehouse, etc. There are relatively few people in my area for whom it would not effectively be a raise. |
1. Is the fed benefit a new max, or is it on TOP of existing state maxes?
2. Is unemployment income taxed? |
1. On top of
2. Yes |
The white around his eyes really freaks me out. The orange tint of skin with those white circles. Weird.
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Happens with literally every social program or "entitlement". That some people exploit the system. This is bad, but some multi-billion dollar company that exploits the system is celebrated for how few taxes they have to pay. Your whole mindset is ridiculous. |
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I shared some updated info re: your belief that people that quit won't get this benefit. And you seem to have missed this Quote:
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Not that I'm complaining but why is the stock market up today after the record unemployment?
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because it has no basis in reality
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Because the market could care less about the average Joe. |
Just give it 2 weeks of continued virus spread and climbing global death rates.
That will end the “euphoria” around the socialist legislation that passed. Oh and the markets have no basis in reality like Carr an said. |
I think you can make an argument that the record unemployment is already baked into the previous declines, and that the boost is based on the Senate deal. Biggest surprise to me is that the unemployment number wasn't higher. It's going to be, but 5m at this stage wouldn't have shocked me.
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Primarily it is about if this was already factored into the assumptions that drove the traders price expectation. It also sometimes can be a pre-curser to other actions that will make stocks more attractive relative to cash/bonds. |
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True, it is not a one size fits all, but to me you do deserve it, especially with the plan of putting it back into the economy, which is the purpose of this. I still honestly have no issues with people putting off going back to work when this is done for a few weeks if this helps them get back on their feet or even a little ahead. Government is constantly doing things that benefit the wealthy, who don't need it. I have zero issues with the "little guy" getting a break they are not normally afforded. Especially if it helps in any way with the economy. |
@POSTrump
Tomorrow or Saturday you'll finally beat China at something. |
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A brief interlude back to pre-coronavirus news.
A little too late IMO ... unless this is a precursor to a Panama-like invasion to pluck the guy out. It just doesn't seem that we have a plan to get him out other than words and minimal support of the other guy. U.S. Charges Nicolás Maduro Of Venezuela With Drug Trafficking : NPR Quote:
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Canada is pissed that Trump wants to put troops on the border.
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Guessing half a trillion in bailouts coming their way helps. |
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Beware our sternly worded missives. |
I'm sure we care about narco-terrorists.
Walmart Was Almost Charged Criminally Over Opioids. Trump Appointees Killed the Indictment. — ProPublica |
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Nothing like a virus to expand the wealth gap |
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Man, I wish we had a like button. I did get a MAGA hat offer from the Trump campaign today in the mail. Such is the life of a registered republican that hates the party system. |
One of the many wacky things about the Trump presidency experience is you can also use real videos to express such things.
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His breathing seems to be pretty labored during this presser.
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that happens when you're a zombie |
https://www.cnn.com/2020/03/25/polit...ent/index.html
https://www.nytimes.com/2020/03/25/u...rorism-nj.html I was wondering when the discussion about the "intentional" spread of CV-19 begin. I had not given any thought to the terrorism piece. I was thinking more along the lines of the intentional transmission of STIs. My initial reaction is negative just because of the way I have seen that law be used in the past and I have not wrapped my head around CV being a biological agent. But I also read that that white supremacy groups reportedly are being told to target Jews and police officers to get them sick. Sidenote- The lengths we go to in order to be THAT guy. Sheesh. |
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This genius is from the town I grew up in. A friend of mine used to work for him, he was a manager at a tavern there. She said he was literally the biggest asshole she ever met. |
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NY won't get ventilators because Trump thinks they're lying.
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What a horrible fucking human being.
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I bet if it was a state that voted heavily for Trump they would get 50,000 ventilators+ |
The idiocy of the House leaving until there was something to vote on is on full display now. Some of them who aren't in quarantine can't even get back for the vote due to flights being cancelled. :banghead:
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Trump doesn't have that many to give. It was just an opportunity for him to parade his ignorance, and also earns him points with those who say it's overblown and let's just go back to work already. |
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KY FTW!!!!!! HONEY!!! WE'RE GOIN' OUT TONIGHT!!! |
Unfortunately it seems he has pretty solid support from his base.
Trump trashes ‘third-rate grandstander’ Rep. Thomas Massie - New York Daily News Quote:
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Massie is my Rep, and he's like Rand Paul lite. He is the exact same kind of grandstander Paul is.
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I know I'm a asshole but I'm glad at least one person (Massie) is bringing up the national debt. |
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I guess this means it's not date night tonight since you won't be getting the ventilators from Trump. |
Fuck you Edward. You ruin everything.
/s in case anyone had any fucking doubt. |
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Honestly, $2.2T to save the economy, significantly help the jobless and less fortunate, not go into a Depression is pretty good deal (assuming it works well) during this national crisis. He did vote for the Trump tax cuts. But yes, the conversation needs to be had to decrease the deficit after this crisis. Unfortunately, neither party will have the stomach for it. |
Spending 2T now is going to help the debt.
It is like spending $50 for a patch to stop a water leak that would otherwise cause $10,000 of damage to your floor. Then you repair the leak. And, yes, once you get the leak under control, you then turn toward the budget. |
As much as I have been pretty skeptical of the feds' response, I have been amazed at how hard my state and local governments have been working on this.
I come out of this with a new appreciation for states' rights. Yeah, federalism! |
I don't think it's going to stop a depression - I think a global one is coming no matter what. I do think it'll make it less severe and get us out of it faster, so yeah it's a bargain. But not everyone sees it that way.
Was talking to somebody yesterday who is mostly concerned about the cultural impact, not the viral or economic ones. I.e., the idea that as a species we have to go on and keep moving forward or it doesn't matter if we save ourselves from the virus, what we'll have lost in terms of social vitality, pushing towards the future instead of shrinking back in fear, etc. will be worse. There's definitely something in a lot of people that reacts primally and adversely to the ideas both of isolation itself, but also being told to do so. |
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Depends on the state (the inherent weakness in states' rights ;)). I've been disappointed by Governor Kemp's response (GA). Mayor Lance Bottoms of Atlanta has been really good, but I live outside of city limits. Thankfully Dekalb County's CEO came out strongly this past week for staying at home - I don't know if there is an order though (there should be). |
Idaho did a 180 and locked down after having almost no response on the state level. It's been confusing for some of the people. People are calling the police on people walking their dogs and on construction workers. There are rumors going around that the police are stopping everyone and demanding to see their papers. (The police are just hoping that if they drive up on a group of people at a park they'll disperse now).
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I'm not sure how you can have a mandatory shut down of much of the economy and NOT have a depression. |
True. Also true is that you can't have an unchecked virus rampaging through the country (the other alternative) and not have a depression either.
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The trolley problem here is between (1) economic recession/depression and more death or (2) economic recession/depression and less death.
What we need to do is clear. But I actually have a lot of sympathy for the folks who believe that there is a way out of this without a recession/depression and without more death. I WANT that to be true so much. And it just seems crazy that it can't be true. But all of the evidence points toward that simply not being possible. And I really hope that we end up making the choice that we need to make, not the choice that we want to make. |
dola
Every morning, I check the headlines hoping/expecting to see something like "Scientists find that [Cheaply produced drug X] found to cure coronavirus in infected patients!" |
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He didn't care when the tax cuts he voted for rang up almost this much debt over the past two years. He doesn't care about the debt, he cares about limiting government spending. |
Can we just give Kentucky back to the confederacy already
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Another fine example of tolerance on display.
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We are going to have a recession however IMO a depression is not yet a done deal. Depression (economics - Wikipedia) Quote:
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I was going to point this out but I guess my job here is done. He really doesn't give two whits about the debt just like the GOP has no leg to stand on when talking about fiscal accountability the last three years. SI |
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Only if Alabama and Mississippi goes with them. |
A quorum is present and the motion is adopted.
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Unless we do something this year, things are going to be ugly next year. Insurance rates are almost certainly going to skyrocket with what is going to be spent on the virus and state and local governments are going to have to make some severe cuts in their next budgets, which will mean a lot of government layoffs and reduced spending.
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I don't see things that simply. Your example above acts like an economic recession/depression is a simple binary thing when it's not. A Depression will also lead to loss of life via suicide, drug overdoses, loss of access to healthcare etc... and I'm worried the prevention will be worse than the cure here. Quote:
I hope for headlines that say "Advancement in sex bot technology!" |
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Wait, it came to me Mitch, Paul & Massie are all representing KY. Must be the water or something. |
Welp, bill passed the House. Let's hope this helps significantly.
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Loved and revered by many..... However, the NKY suburbs did come out for Beshear last year over Bevin, so there's some sliver of hope. Or something like that anyway. |
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A couple days after I got this, I got a letter from Trumps campaign wanting me to buy a MAGA hat. I could donate to his campaign. Anywhere from $50 to $2800. Guy is out of touch with reality. |
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If you make more than $99K or less than Delta Airlines, not really. |
that sick cheeto just said no to NY emergency requests for ventilators.
That prick just wants to be popular and throw tantrums if he isn't He's killing people. ANd great Koch is whining about the economy now. |
GM making ventilators sounds like a pretty bad idea
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I'm sure there is a reason but why not Ford also? |
Could he just let everyone else talk first then he can blather on? Fauci has much better things to do than stand there for an hour listening to this.
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There are no good solutions once you failed to prepare in time/are set up to fail by the circumstances in place prior to a crisis. Be intereting if a majority realises that maybe it'd be better to spend a bit more all the time than a shit ton once a crisis hits. |
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Always a tweet
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https://www.cnn.com/2020/03/27/polit...ntv/index.html
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I'm real confused about whether the federal government is helping the states or if they've just told the states to bid against each other and then are taking what they want? b/c it seems like Michigan is becoming a state that would be 2nd or 3rd on the list of states in dire need of additional supplies. Quote:
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Right now states are bidding against themselves and the federal government. States are claiming they had deals in place for equipment only to be outbid at the last minute by the federal government. |
Just because we all like stats
I get the feeling that my job will soon no longer be considered "essential" |
Scariest part of that graph to me is that it dovetails with the overall CDC data from last week; a third or a little higher of the hospitalization cases are under 60. Not that the elderly aren't important to, it's more the fact that we can't isolate enough people just by focusing on the susceptible ones in order to keep hospitals functioning.
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Idiot casually throws out that he is considering an enforceable quarantine, whatever that means, for NY/NJ and parts of Ct. Now people are freaking out because no one really knows what the hell it means.
I literally don't know if he could be any worse at this if he tried. |
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Or this ![]() |
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If this doesn't get this guy unelected come November (assuming he doesn't suspend the election) I don't know what else would. This is criminal negligence. |
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I’ve actually wondered if anyone (individual or state AG) might sue him after all is said and done. |
Let's hope he's thrown in jail. The federal government should have handled this so much better. 500 more deaths today. Next week we'll have 1,000+ daily. That clown never should have been elected and now people are going to pay for it with their lives.
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