Official Coronavirus Economic Thread šŸ’±

You honestly think that, if Biden actually managed to win the election, that he would have the mental capacity to not only wipe out the pandemic but get the economy booming like Trump did?!? Have you seen this guy lately? Iā€™d be surprised if he could walk out the door without forgetting that he had shit his pants!

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Significant sectors will not see demand return, and so e will face supply and labor interruptions. This is not a collapse in speculative valuation, it is forced collapse of market demand and supply chains.

It does not seem reasonable to imagine the network of customers, markets and vendors to rebuild those relationships without a longish period of uncertainty.

Food inflation is already here and the rest will follow as soon as we open things back up. Already financial articles are projecting Wiemar type inflation and I have to think they may be right. Weā€™ll see. Either way I know Trump will just print some more money as government collapsed companies seek bankruptcy protection and more and more will fail in an never ending cascade. Never ending money printing is the only policy available to the government since they can only destroy businesses and can only destroy and not create jobs. So order the rates to go negative Trump. And print more money. Iā€™m sure thatā€™ll fix everything. brrrrrrr.

I wonder, is Trump going to start bragging about the condition of the economy now? Of course, he couldnā€™t shut up about it for years and now it seems like he never mentions it at all. Funny how that works :joy:

Everything has to be rethought and I assure you that is occurring already. Weā€™re already hearing of large corporate businesses who are not planning on having workers return to work until 2021 at the earliest. The question is, what will the work environments look like when they return? My company has already questioned whether any of the cafeterias in their buildings will survive. They are also trying to figure what the risk is in open area work environments and how to adjust. All companies are also having to now think about how to incorporate a pandemic planning into pretty much everything that they do and that that means moving forward.

Thatā€™s the new world moving forward for the salaried class of workers. But what of small businesses of every kind that cannot enforce measures to prevent the spread of highly infectious contagions in their workplaces without entirely remodeling the place and significantly reducing the customer capacity inside their places of business?

He has presided over the biggest economic collapse since the Great Depression, all of which may have been prevented had he not been ā€œtreading waterā€ as Romney put it during February and early Marchā€¦

He has nothing to brag aboutā€¦

That is true! You have to understand, that if we didnā€™t have the Chinese Virus, we would not have been where we are today. Placing the blame solely on Trump is quite outlandish and childish. That is what the MSM is playing on. The fact, they have ā€œsomethingā€ to blame him on. For the past 3 and a half years, they tried to pin him on that ā€œsomethingā€.

Connect the dots and you will see.

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As Romney said, if the US hadnā€™t been treading water in the beginning, we wouldnā€™t be where we areā€¦

Are you referring to the tariffs Trump imposed (to China) back in November?

No Iā€™m notā€¦

So, as you were saying that "Romney said, ā€œIf the United States hadnā€™t been treading water in the beginning, we wouldnā€™t be where we areā€¦ā€

Was it Dr. Fauci? During the Obama Administration?

Not sure what you mean. The beginning that Romney was referring to was last February and Marchā€¦

ā€œThe President said the other day that President Obama is responsible for lack of vaccine. Dr. Fauci, is President Obama ā€” or by extension President Trump ā€” did they do something that made the likelihood of creating the vaccine less likely?ā€ Romney asked.

Quoting anything that Romney says is laughable at best! He and his big club of bilderbergs have at every chance tried to sabotage the world economy! Romney is that human scum often mentioned in such narratives of corporate interests and greed as he is the poster child that enabled the graft by Wall Street and outsourcing jobs! The fact that anybody would quote Romney in order to support their TDS is proof positive that they are a fking moron and havenā€™t the slightest clue of what they are talking about!

@Dr_Manhattan, I knowā€¦but I was just asking @montecresto1 what he was referring to.

I am just pointing out the duplicitous nature of some who severely suffer from TDS! The usual suspects, ya know?

Dr Fauci said neither Trump nor Obama are to blame for there not being a vaccine yet. But of course Trump is finger pointingā€¦

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Demoncrats are pushing this massive spending bill. Its Demoncrats that are driving up the debt!

No way! The Democrats are the ones driving up the debt? And everyone thought, it was all Trump. :laughing:
(sarcasm)

You can always count on the Dems to ā€œbail outā€ when we really donā€™t need a bail out. :laughing:
They are willing to spendā€¦spendā€¦spend. But when it comes to the average Americanā€™s wallets and pocketbook; they rather tax you to death! :roll_eyes:

How would Obama have a vaccine for something that didnā€™t exist?

How could Trump have a vaccine for a virus that is only 4 months old?

Thereā€™s no magic wand.

Folks who need to stay at home should; those who want to get out and work need to do so.