Once again, I just don't get how the president gets to take complete responsibility for the economy good or bad. There's clearly many other factors at play that they don't have any control over. Sure, take credit for the hard things you've pushed and the result of that, but it goes back to 2009. The R's skewered Obama for the deficit, which was the direct result of the continuation of the economic direction that Bush II started, and those numbers were as a result of decisions that had been made by multiple predecessors, yet somehow he took the brunt of it resulting in the 2010 elections and Tea Party bullshit. I guess I'm in the minority. trump being able to drive an economy straight, that was handed to him straight, and all he's done is goose the gas pedal isn't exactly earth shattering. Him failing to react in an acceptable way to a crisis is completely his responsibility, but the economy finally taking a long expected dump as a result of said crisis, really doesn't come to him, unless, like said, the choices he made by stepping on the pedal directly or indirectly hurt the countries ability to handle said crisis. He would get full ownership of that.

I know that isn't how it's played out for the masses, and it's big in scope and understanding, but fuck all for those people who would rather have that emotional soundbite on something to get worked up over, than try and understand the actual mechanism of function.

DOW is in Bear. S&P and Nasdaq are about 1% away. Not sure what the measure is for the record books. Need that shallow recession next to get the cycle (e.g. bull market) started all over again.

He'll blame it on the unexpected coronavirus. I do think he has an out here.

His vulnerability is how well (or not) his response is to the pandemic and the impact to the economy. It has started off poorly but he still has time to do a save (or obfuscate) by November.

I'm pretty sure he's handled it perfectly so far.

Dow futures currently down 1000+ after Trump's speech.

Disney, hospitality, airlines must really suck right now.

Here is the speech that the country *needed* to hear from the President tonight:

"My fellow Americans, the next few months are going to be hard. For many of us, harder than anything we've faced in our lifetimes.

— Jeremy FLATTEN THE CURVE Konyndyk (@JeremyKonyndyk) March 12, 2020

The beginning of what the President's speech could have been. It's really good and would have calmed the nation.

alas, we didn't elect a functioning adult

As if there wasn't enough shit hitting the fan, Iran has attacked and killed Americans and a Brit in Iraq.

I had to look this up. Didn't see it mentioned on the news at all. Weird.

Europe major indexes all down 5%+. Dow down 1,231 or 5.22%. Just saw Boeing down 18% yesterday, wow. Disney down about 30% since Dec, I would have thought more by now.

Surprisingly the China stock market is not doing near as bad which I attribute to their government-enabled-pseudo-stock-market.

And we retaliated.

Good way for Iran to distract their population from the coronavirus I guess.

The company is off about 50% since November.

Wow stock halted again. Not good.

Smart of Biden assuming he can pull it off. But not sure what he can say without sounding too self-serving. I suggest he doesn't "attack" Trump and the lackluster response right now

https://www.nbcnews.com/politics/mee...trump-n1156456

Holy shit market is down 2100 (9%)

If I'm Biden, I give the speech as if I'm POTUS. I don't mention Trump, reference Trump, reference Republicans, take shots at anyone, any country, etc.

I just give folks a strong unifying message.

Yes agree.

That might have to be considered a loss for Trump

Apparently stopping some travel isn't seen as an effective startegy for containment.

Not even going to look at my 401 K, standing the course until it bottoms and then pumping in more money and hope for a good rebound.

This is a good move, I'm all for a short delay of 2-3 months.

https://www.cnbc.com/2020/03/11/how-...ax-filing.html

Brazil: President's press director Fabio Wajngarten is suspected of having coronavirus, days after returning from trip to Miami, and meeting President Trump and VP Pence pic.twitter.com/aJbX4h09RE

— Amichai Stein (@AmichaiStein1) March 11, 2020

The guy on the right, next to Trump.

Umm, no? It is just a delay, it will still have to be paid.

The money's already paid for most. The vast majority of people I'd say are planning for a refund or to have no taxes paid at all.

The tax delay is a givaway to the rich people/businesses who pay as late as possible. It won't do much of anything for the economy.

Trump speaking now. Trying to preempt Biden my guess.

If Biden can pull this off, it'll be a great (and remembered) differentiator.

yeah this would suck as I am counting on a big refund in the next month.

From what I can gather refunds will still be processed as normal. It is just that if you have to pay anything extra, Apr. 15th won't be the deadline to pay.

Hope so.

I'm curious. Why haven't you filed and gotten your refund already? We got ours about 3 weeks ago.

It wouldn't make sense for them to withhold refunds if they are talking about extending the deadline to file as a 'stimulus'. But then again, we are talking about this clusterfuck of an administration.

I'm lazy.

Also, who offers the most inexpensive tax software/website? I moved to a new state last year and withdrew some mutual funds. I'm afraid of how much it'll cost me to file.

I know for my tax refund, it's because my wife hasn't actually sat down and done the work to calculate everything from her home business. Which I gently reminded her she has like a month to do. I have entered everything involving W2s into TurboTax like a month+ ago.

We owe like 700 bucks. It has been sitting in the software since early February, ready to go. I was just waiting until the last minute to use their money for as long as possible. So if they extend it, I might get to earn an extra 2 or 3 bucks off of it. Suck it, big gubmint!

My shit is being held because (I’m assuming) of some idiot in accounting who didn’t submit my wife’s 2nd W2 on time to the IRS. I knew this was going to be a clusterfuck when I saw she had 2 separate ones(payroll company switched mid year).

I work all of the driving gig stuff, so I’ve been hoping for this money so I can ride out the next month or two. Hoping for some clarity within the next several days. Normally St Patrick’s day would be a $5-700 day but I’m really not feeling good about working right now.

I’m just going to make a bold guess that it’ll be announced that Trump has tested positive on Friday evening.

We owe 15k because we fucked up in calculating our RRSP contribution amount when my wife changed jobs this year and her pension commuted. I also changed jobs, going out on my own as a consultant this fall with what appeared to be a minimum 18+ month gig. However the company contracting me got purchased in early February and the new CEO turfed all contractors. Now I'm looking for a new gig just as the world collapses. Oh and we are in the midst of building a cottage.


Needless to say I haven't slept very well the past couple weeks.

There's no doubt he'll have it. There's no doubt they'll never tell us.

You don't think this man has taken every possible precaution?

This made me chuckle

Thank God we have Trump to do what the scientists won’t, build that coronavirus wall

Yep just like every other announcent that would make them look bad so the regular media won't report on it until Monday. By now I would think they would know better. But like Flasch said doubtful he'll ever tell us unless to get his base praying for him.

Hell, the only way we find out that he has it is if it kills him. That way he can't prevent anyone from talking.

Have you ever seen the movie "Dave"?

Alec Baldwin just shows up in the White House on Monday and never breaks character.

I think Alec Baldwin as Trump would have a better chance at winning the 2020 election than Pence.

The GOP can dump him afterwards.

Hate to hear that. Hope the search goes well. What field are you in?

I have a simple return. I did freetaxusa and creditkarma. I plug mine into two separate ones just to make sure they both spit out the same numbers to kind of audit myself. Credit Karma I think does free federal AND state but I got an error towards the submission part so I did freetaxusa that is free federal and $13 for state. I make middle class money, though, so I am not sure if the higher earners have to pay.

Let’s just keep pumping money into the economy instead of directing as much funds as possible into healthcare. You know seeing how this is a healthcare crisis.

That would be ironic. I'll be sure to tell my Trump extremist colleague "must have been God's will".

I owe like $17k..plus a penalty for owing too much.
New payroll/benefits company and I apparently didnt click a button right to hear them tell it...oh well shit happens.

But I will enjoy sitting on this a while.