Like I just said above, our politicians want it to run and run. But hey, for every day theyâre âsocially isolatingâ, ie away from Westminster (for all the fucking good they are when theyâre present! ) , itâs like being a long fully-salaried holiday, while everyone else - their paymasters?? - is either penny-pinching every fucking day to keep it together, or going bankrupt. The only downside for them is they canât claim expenses for a second home while parliament is sitting. Or can they? Hold that thought?
President Trump issued an executive order Sunday night giving the Treasury Secretary Steven T. Mnuchin the authority to defer certain tariff payments due to the coronavirus crisis.
The presidentâs order allows Treasury to defer tariff payments âfor importers suffering significant financial hardship because of COVID-19.â
The order gives Mr. Mnuchin the authority to temporarily extend deadlines on some tariff payments.
I feel quite optimistic about the markets right now. Yes, itâs still fragile. But if we go back to 29,000+ in two months, that would be the fastest recovery in many years! That is an increase of 8,000+ jump from March when the crisis started.
Although, it maybe good for consumers, since they will have to pay (at least) $1.10/gal. for gas; it is not good for economic reasons.
We are the No. 1 exporter for oil. Other countries depend on our oil. If it continues on its downward trend, these oil places will have no choice but to either layoff thousands. Or shut down. And that is not good for America.
So, enjoy your $1/gal, gas, folksâŠjust remember. We donât need to depend on OPEC or other countries (like Russia and Venezula) for oil shipments.
Of course, it is a commodity. But fracking would be the way to go. Itâs those folks like Obama, and the Green New Deal idiots that want to stop it totally. We have plenty of oil in our country.