She said if it’s completely out of control (a warning that control is essential and we must do everything possible to intervene). With early and sustained intervention, you can still stop this or at least, flatten the curve, saving lives and reducing the impact to the economy.
Except they were still playing bundesliga/champions league games in front of normal crowds this weekend and yesterday. That's a ****ing fail, Germany. I would say US should also do the same, but really how many people go to MLS games.
they need to stop those mass gathering https://www.bloomberg.com/news/arti...ams-decision-to-allow-fans-at-bundesliga-game
Even the Dynamo average 15,000 or so. Seattle averaged over 40k in 2019. Atlanta AVERAGED 52k in 2019. https://soccerstadiumdigest.com/2019-mls-attendance/
this on the heels of his “advise”, last week, to buy stocks on the dip ! In the wake of his continuing contradictory comments, one wonders If the former cocaine addict Has relapsed
After yesterday's rebound, the Dow dropped again and drops into a bear market, breaking an 11 year bull market run. https://finance.yahoo.com/news/stock-market-news-live-updates-march-11-2020-115430808.html
When reported coronavirus cases and deaths go up exponentially - which has been the pattern so far in laggard nations, expect this to get much, much worse.
Yeah 900 billion will be made up how? We are still waiting for the corporate tax cuts to be made up. Is he seriously thinking of racking up a 2 trillion dollar deficit. How is this going to be recovered? Other than cutting Medicare and other entitlements I don’t see how. Oh wait.
Eh, the way things are going on many different fronts, he, and the Republicans, aren't going to get a chance to cut Medicare and entitlements. Hopefully, the Dems stay true and push back on this payroll tax to at least stop some of the outrageous spending. This is what Trump is known for, though...spend, spend, spend, until it all falls apart and then get out, sue, or declare bankruptcy. That's all he knows...also why it was terrible putting someone like him in charge of the economy.
Federal tax revenue is going to collapse and the debt will soar now that growth is cut off. If we are already at a 2 Trillion debt, we could be looking at 3 even without any stimulus. It's a very bad situation we've created with these tax cuts for the rich.
Payroll tax cut is dumb - the people being affected are people losing their hours and not getting paid. Getting 6% extra on your $0 paycheck does nothing. People who are still getting salaries are fine - they don't need extra money, especially now that they aren't spending the money they are getting. The two target groups that need help: Hourly workers losing their hours Small and mid-size businesses losing their customers Salaried people are fine. Big businesses generally have access to funds to survive downturns.
Folks, this is real We are going to have to shut down the physical economy to get in front of this. China style Get your head around it now. Help your neighbors. For real.
