Thomas Veil
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Most Americans don't own stock.
It can be argued that fundamentals for the near future are bad. Yet right now, stock market performance is almost a self fulfilling profecy by the people with money invested who are keeping the market going because they want it to succeed. They feel like it’s the only game in town. It is the emotional part of the equation.55% of Americans own stocks. Most are middle class, not rich billionaires. While I certainly agree that the stock market is not the only or main metric to use to evaluate the economy, its importance in the well being of the overall economy can't be underscored. It's also a good indication of how investors feel (optimistic vs. pessimistic about the future).
41 million Americans are w/o jobs because GOVERNORS closed down the states.
It's always so nice seeing people take to Trump's attempts to pass the buck.
Well,in all fairness he can’t lockdown shit.
True, though more assistance from the feds would've made for a smoother return to normalcy afterwards.
feds sents 1200 in assistance, governors are the ones who closed everything and are keeping people unemployed.True, though more assistance from the feds would've made for a smoother return to normalcy afterwards.
welcome to Murika. and we are STILL fucking it up, all those million new homeless people are going to seriously add to the number of dead.The truth is that no one handled it well. Our governors were caught totally flat footed despite the copious amounts of forewarning, the federal response was more a PR exercise to flatter Trump for the upcoming election, and we opened too soon after what was, by all metrics, a halfassed attempt at containment that only a handful of people actually took seriously. Now here we are, suffering the economic consequences of the lockdown, while the virus is still actively spreading, sickening and killing thousands a day, all because we didn't do nearly enough the first go-round.
While it's not solely his fault, Trump deserves a fair share of the blame for our current situation, given his position as head of state of the single wealthiest, most well developed country in the world. We have contingences in place to account for this very situation, and we have the resources to carry them out effectively. Why did we fuck this up?
The truth is that no one handled it well. Our governors were caught totally flat footed despite the copious amounts of forewarning, the federal response was more a PR exercise to flatter Trump for the upcoming election, and we opened too soon after what was, by all metrics, a halfassed attempt at containment that only a handful of people actually took seriously. Now here we are, suffering the economic consequences of the lockdown, while the virus is still actively spreading, sickening and killing thousands a day, all because we didn't do nearly enough the first go-round.
While it's not solely his fault, Trump deserves a fair share of the blame for our current situation, given his position as head of state of the single wealthiest, most well developed country in the world. We have contingences in place to account for this very situation, and we have the resources to carry them out effectively. Why did we fuck this up?
But something else must be said. This is truly an unprecedented scenario. If I asked anyone on 12/31/2019 "what's going to be the biggest problem of 2020" virtually no one would've said "A global Pandemic that will reach the US and Europe". Heck, it wouldn't be even in the top 10. Government priorities are somewhat reflective of public worry, so it doesn't surprise me that pandemic was a low priority for the western world (contrary, it's always a priority in many Asian countries, hence their response which was far from perfect but still solid at the beginning of this crisis).
you forgot the 5g towers my friend. wait, maybe you didn't forget, maybe you are a mole trying to distract us from the serious damage those 5g towers do.......That's why we have the CDC, who's job it is to assume that a pandemic is imminent at all times, and act accordingly. Though even they dropped the ball at the start of this, fumbling the first response, and issuing test kits that didn't exactly, you know, work.
I think the biggest problem was that this had to happen right during an election season, and our elected officials don't want to do what needs to be done, because doing so will hurt them in the polls. We needed at least 2 months quarantine, and a slow, phased reopening. Problem is, that would've been a massively unpopular move that would've cost a few of our politicians their jobs. So what we got was 1 month quarantine that wasn't strictly enforced across the nation, followed by a series of protests and riots across the political spectrum, then a quick rush back to attempted normalcy in the midst of it all. Now we're just reacting to whatever situation arises, doing the bare minimum necessary, and hoping it'll carry us on until the next crisis rears its head.
Our children need to go back to school! I need a haircut! Why can we not do these things? I thought we lived in a free country!
Okay! We'll open the country back up, and send our children back to school!
Oh no! Grandma died gasping for air, and our children are getting infected with the Covid en masse! This is all your fault!
Okay! We'll shut down the schools, and you can wear a mask to stymie the spread of the virus!
BUT I DON'T WANNA WEAR A MASK! YOU CAN'T MAKE ME DO IT!
Meanwhile, our president is putting some New Age faith healer type hocking hydroxy and zinc as a miracle up on live TV in a vain attempt to assure the nation that, yeah, he's on top of things, while whole droves of our voting base believe the virus is a hoax, an attack by Bill Gates and George Soros to simultaneously make Trump look bad for the upcoming election, and to implement the first stages of the NWO spearheaded global population control.
The only thing missing by this point is the Rod Sterling narration.
you forgot the 5g towers my friend. wait, maybe you didn't forget, maybe you are a mole trying to distract us from the serious damage those 5g towers do.......
Well,in all fairness he can’t lockdown shit.
Especially his mouth.
55% of Americans own stocks. Most are middle class, not rich billionaires. While I certainly agree that the stock market is not the only or main metric to use to evaluate the economy, its importance in the well being of the overall economy can't be underscored. It's also a good indication of how investors feel (optimistic vs. pessimistic about the future).
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