COVID-19 Outbreak (Update: More than 2.9M cases and 132,313 deaths in US) (6 Viewers)

[EGLSShin]

I have no doubt the Republicans will do everything they can to kill it

Thats why there is a rush to foolishy reopen, so they dont have to pass a bill. Really unfotunate imo.

 

[bonnjer]

New bill could give Americans $2k monthly virus checks up to 90 days after crisis

A NEW bill could give Americans $2,000 monthly coronavirus stimulus checks up until 90 days after the pandemic is over. Three Democratic senators have pitched the Monthly Economic Crisis Support Ac…

www.the-sun.com

This would bring a lot of relief to a lot of people.

Admittedly, I don't have the greatest grasp in the world on economics, but can somebody tell me exactly where all of this money would be coming from? Would it just be numbers on paper not actually backed by anything?

 

[FootballLady]

Admittedly, I don't have the greatest grasp in the world on economics, but can somebody tell me exactly where all of this money would be coming from? Would it just be numbers on paper not actually backed by anything?

The 400 richest Americans account for 2.9 TRILLION dollars in personal wealth. It's not a question of if we have the means to pay for this, but whether or not we want to.

 

[superchuck500]

Admittedly, I don't have the greatest grasp in the world on economics, but can somebody tell me exactly where all of this money would be coming from? Would it just be numbers on paper not actually backed by anything?

Where does it ever come from?

 

[bonnjer]

Where does it ever come from?

The sky, apparently. It just seems to me like monthly payments of those amounts would run into crazy numbers.

 

[RazorOye]

Ontario saw a significant spike. We were under 300 for three days in a row and then 477 today. A week ago, the streets were pretty full - by COVID standards - because the weather was so gorgeous.

Today it snowed.

I think when summer comes - which is usually a really busy time here (I love the summers up here), with yards and patios and restaurants full of people. So it's going to require extra vigilance as the weather improves.

We just heard today, from the administration, that we need to prepare for online learning for the beginning of school in September. And that next year will not be, in any way, traditional.

I'm sad. I love my kids.

And we have an even better shot at a gold medal at the provincial finals next year!

 

[bclemms]

Regarding PPP: direct deposit hit our business account yesterday (wife checked statement). Oddly, Hancock Whitney didn't send an email notification as they said they would. They (HW) were much more accessible and helpful during this second wave of applications.

Regarding restaurants opening with fewer tables and outside seating, I've been hearing (from a discussion with our local mayor) that for many, it is not worth it, or even a net loss, to function at about 25% capacity. The takeout method is profitable and they are staying with that for the time being.

I'd expect those adhering to rules will continue that route. The ones that will scrap the rules, and there will be some, will pack the house and make almost enough money to cover the lawsuits after they are responsible for an outbreak.

 

[St. Geezy]

I think Cuomo has done the best job he could in a bad circumstance.

I posted a couple of weeks ago how blown away I was that there haven't been calls for De Blasio to resign. He was a complete buffoon.

Sorry for being off topic, but I just gotta say I love the avatar. Morris Day probably has the most comical laugh I have ever heard in my life.

 

[Optimus Prime]

We had my grandfathers service yesterday

It was weird with so few people and everyone in masks and staying distant

It was a hard day

But driving to and from had me thinking

There is a stay at home restriction NOT a speed restriction

Why was everyone driving so damn slow??!!

Like 5 mph below the speed limit slow, on the highway

And it wasn’t just one or two slowpokes

I’d say it was at least half the cars on the road

 

[DaveXA]

what I don't understand is why certain states are getting nitpicked to death (in most cases rightfully so) while Cuomo is getting a pass for this

this literally might be the worst single policy decision of any state and yet it has been pretty much ignored while everyone pats Cuomo on the back

To be clear, I'm not ignoring it, and I don't think most people are. With the benefit of hindsight, it was a terrible decision, and I don't know what the rationale was for doing it that way. But I don't think that 1 decision should define Cuomo. I don't necessarily agree with a lot of his politics, but most of his policy decisions have been pretty sound.

I still think whoever was behind that decision has to be questioned though. That cost a lot of lives.

 

[St. Widge]

Admittedly, I don't have the greatest grasp in the world on economics, but can somebody tell me exactly where all of this money would be coming from? Would it just be numbers on paper not actually backed by anything?

All money is paper (more just numbers now) not actually backed by anything.

 

[lapaz]

Admittedly, I don't have the greatest grasp in the world on economics, but can somebody tell me exactly where all of this money would be coming from? Would it just be numbers on paper not actually backed by anything?

I'm worried about this as well. I see giant inflation coming. I support the social safety net, but this seems irresponsible. Many people that are still working and getting paid are getting checks. Many are going back to work this month, even if that is also irresponsible. Is this a way to encourage people to defy their bosses, since they'll have money to stay home, whether they are employed or not? What type of incentive will people have to return to work? I support people who's jobs or income was cut due to Covid, but why send it to everyone? Will we still pass out these checks even if we can widely test and contact trace to reduce the risk to everyone?

 

[lapaz]

yes but not every state force nursing homes to accept recovering Covid19 patients who were still contagious

At a NY nursing home forced to take COVID-19 patients, 24 residents have died

“It’s reckless and careless,” said the granddaughter of a 96-year-old man whose family withdrew him from a Long Island nursing home.

www.nbcnews.com

The coronavirus patients began arriving the last week of March, transferred to the Gurwin Jewish Nursing and Rehabilitation Center under a New York state mandate requiring nursing homes to accept those recovering from COVID-19, even if they still might be contagious.

At the time, the Long Island nursing home had only one known resident who had contracted the virus, according to the facility’s president and CEO, Stuart Almer.


A month later, Gurwin is battling an outbreak that’s killed 24 residents — only three of whom were hospital transfers — and one staff member, who worked in housekeeping, Almer said. And the nursing home is still mandated to take in recovering hospital patients known to have the virus, potentially increasing its spread in the facility.

Cuomo has made a couple of mistakes. First, he was preventing DeBlasio from putting New York City into Lockdown. Second, I can't figure out what he was thinking with this nursing home policy. Also, I don't like Trump dominating the lecturn on his briefings, but Cuomo does the same thing. The saving grace for Cuomo, compared to Trump, is that Cuomo doesn't say a bunch of idotic things, so it's not as bad having him do most of the talking. Nevertheless, more scientists, and less Cuomo would be better. With that said, his actions throughout April and into May have been on point. He's doing a B+ job in my opinion.

 

[StudioSaint]

I'm worried about this as well. I see giant inflation coming. I support the social safety net, but this seems irresponsible. Many people that are still working and getting paid are getting checks. Many are going back to work this month, even if that is also irresponsible. Is this a way to encourage people to defy their bosses, since they'll have money to stay home, whether they are employed or not? What type of incentive will people have to return to work? I support people who's jobs or income was cut due to Covid, but why send it to everyone? Will we still pass out these checks even if we can widely test and contact trace to reduce the risk to everyone?

The simplistic and short answer is because everyone benefits, even if some over-benefit. Also, if there are any qualifications for receiving it, then the qualification process delays how quickly people who qualify can get it, some people who don't qualify will figure out a way to still get it, and some who would qualify won't get it because of problems with the qualification process.

 

[bclemms]

The simplistic and short answer is because everyone benefits

Everyone in the short term benefits. In the long term, we have to address the debt or it will cause far more problems.

I'm not too worried about inflation in the short term but if we get this perfect recovery then hyper inflation could be a real thing and we will have to turn around and chose whether to roll with hyper inflation and cause even farther separation of classes or chose a really long down period in the economy. The good news is hyper inflation would let up pay off the debt fairly easily. The bad news is we are just as likely to see this recovery go sideways really quickly and enter deflationary period that the FED will spray even more money across the economy.

So yeah, free money is never free. The question just becomes which generation pays for it?