Look at Ray Ray Run

how could you possibly have an opinion on treatment or what this disease is when you're not a doctor?

And the dow keeps going up. The QE game is strong.

And the WH gave gag orders to the state to stop releasing daily UI updates because it was hurting the market. Lol

The virus is merely a symptom of a system that has been breaking over time via gig work and everyone becoming a fake contractor. A symptom of a system with a horrible wealth gap between middle management and the top. A symptom of middle class stagnation over 3 decades. American taxpayers just spent another $6000 to get $1200 in return and a bunch of corporate bailouts. Corporations get propped up while people are shamed for not saving months of savings when they dont get paid enough.

Can download here: https://www.bennet.senate.gov/public/index.cfm/press-releases?id=E52B6523-9C69-4B96-B0EC-7C7C6C9F4EFE

Didnt mean to come off snarky either, so apologies if I did. It's been a rough couple weeks for all of us and I've literally just been building models pertaining to this shit for about 15 hours a day.

Instead of expanded UI maybe, just maybe, what we could do is pay people a livable wage that allows them to save for times of hardship. Crazy town thoughts. Instead we'll continue to excuse away 4 trillion more in QE because it's not "my money" and bailouts that turned into buybacks, as well as fake trickle down economics, further depressing the wage gap and government dependency. The system is broken; throwing trillions at a broken system will likely just break something else. Until there is real change, all your doing is kicking the can down the road to the next bailout.

Yes, but you will miss too many companies and small businesses this way imo.

Exactly. Line of credit being a big one as well. So you have lines of credit, is the government paying your loans? How about terms and cap limits; most hospitality companies are running up against their terms this time of year due to revenue slow downs. They'll have to pay off their reps in full, im guessing, by reopen. Many of those costs are from 30-45 days prior to this bill passing. Who pays that?

Because there is no work to do. In addition, not every bill will be covered by this despite this portrayal on here that it will be. These businesses will be operating at a loss regardless of the assistance they receive and many of them cant afford that. Is a restaurant supposed to bring in servers and management if they're closed? Is a catering company supposed to bring in wait staff and event sales reps and etc with no events? Is Sysco supposed to keep all drivers on their payroll despite having 20% as many deliveries? If they do keep those people, is the government going to cover insurance renewals and on and on? Theres certainly stipulations within this bill; it's not "send us all your Bills and we'll give you some money." What if the company is already overleveraged on their property or etc, do they still qualify? Bailing out the service industry isnt as black and white as bailing out banks.

No. It's absolutely not. But they will tax you on it at years end if that wasnt excluded. Also, if there is no work to do theres no work to go back to. The fact that the only way you can receive any government assistance is by maintaining your payroll makes very little sense. Businesses need help reopening when the demand returns. This thing could last another 2 months for all we know. For a decent sized small business that's 2-4+ million in payroll obligations alone

I'm not going to spend all day going back and forth on this; businesses needed assistance reopening and etc when the market returned and the demand normalized. People needed assistance holding over until then. This bailout will not keep those businesses afloat. I know companies bleeding 2 million a week that generate about 125 million a year in revenues. There margins are small. The government is going to pay AP owed from prior to shut down? They're going to pay insurance renewals for the next 12 months for a company? This isn't as simple as we'll leave the lights on for you. Many small businesses in Chicago just paid property taxes and it's already a slow time of year. LOANS are not revenue. This is much more intricate than you are portraying it. Unemployment will approach 20% and it's because theres a demand shock. The government needed to support these businesses when it was time to reopen and assure no one lost their business because of this and support the people until then. They didnt need to tell the businesses to keep their employees to receive assistance; keep them with no business to actually execute.

You simply can't say QE does not effect taxpayers. I would argue it absolutely does even if it is not a direct cost/tax to a taxpayer.

Yeah so again, does simply doesn't benefit the industry with no revenue. So you have to pay your workers in addition to every other bill with no revenue. Many places have already furlough people so they'd be ineligible I assume. If you're a restaurant or a catering company or a hotel and no one is staying with you are you supposed to schedule staff as usual? How does that even work in a tipped based economy? Or a shift based economy? If there's no business to maintain or execute, what are your employees doing? I dont think this works out for that industry; jmo.

It will not be as simple as you are portraying it imo. It would be nice to he wrong about this, but I doubt this will be as free of strings as you believe.

I dont think you realize how much it costs to reopen and pay rent/payroll/utilities and etc. People cannot return to their business because there is a virus attacking. No small business loan is going to cover a company that's going to be losing a million a week or etc until business returns. Also, unlike wall street, loans will destroy an industry with a margin between 6-12% regardless of how low the interest is. Its already an industry with very little profitability and a high failure rate; now you're tying in loan payments. Big Banks caused their own problems by being scumbag lenders and greedy; they were bailed out for bad business practice and made A LOT of money off the bailout. Hospitality didn't cause this problem yet will be straddled with even more debt via loans with no way of reinvesting that money into something with a guaranteed return higher than the interest rate. In addition, If they reopen the economy too early, which looks like a scary possibility right now, this bailout did nothing and you're back at square 1.

I actually read the entire reworked UI proposal from the senator from Colorado. He didnt even write that for COVID - he's been working on it for months. It was an interesting and solid proposal but not one that is being reviewed today.

Yeah you're talking 2 months without getting income if you were laid off and $1200-$2400 isnt going to pay months of bills.

And 1200 isnt going to save anyone home or job. The jobs are gone. This is going to be the third batch of corporate welfare in 15 years; these same lobbyist are the same who shame people for having safety net benefits. The system is broken and needs heavy reworking. Throwing 1/3rd of the GDP at the problem with very little revenue income following the massive tax cuts is a disaster. Companies didnt reinvest in their employees or systems/r&d last time - they just did massive stock buy backs and rebuys -and got rich off low interest government loans. Convenient capitalism. The same party and lobby who has endlessly pushed to roll back all regulations in the name of "free market capitalism" is the same group of people that put their handout first and take the majority of the distribution. Breaking news: trickle down economics is fake and 100% does not work. Period. End of story.

They just announced the package will be for 6 trillion dollars which is 1/3rd of the GDP. Only 2 trillion will be direct to american and 4 trillion will be QE and other corporate welfare.

6 trillion dollars; the average American take home will be about $3,000 even though it's $18,725 per American so Corporate welfare is alive and well. Just hilarious.

Good thing we didn't make a move for Noah; out for all of 2020 with TJ surgery. Tough break.

Our people want to return to work. They will practice Social Distancing and all else, and Seniors will be watched over protectively & lovingly. We can do two things together. THE CURE CANNOT BE WORSE (by far) THAN THE PROBLEM! Congress MUST ACT NOW. We will come back strong! Just amazing incompetence and denial about the severity of this thing. I'm not a financial doomsday kind of guy, but if he reopens the economy and tells everyone to go back to work and many states/governors listen and businesses follow lead (hopefully they won't), you are looking at a depression level economic downturn worse than we've seen in my lifetime. Reopening wouldn't save the economy, it would destroy it.

The US is talking about ending the shut down in like 4 days which is way sooner than any other country did.

Retweeted by the President: "They should take a SERIOUS LOOK at this..." Chuck Callesto wrote in the tweet posted to the president's account, with a link to a story with the headline "REPORT: French Doctor Reports 100 % Cure Rate Using Malaria Drug to Treat Corona Virus." The president should be dealing in facts, not internet circulated nonsense. I wonder why supporters of trump would turn to drugs like this with a 100% success rate as reported by the president. Sigh.