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Old 06-05-2020, 04:07 AM
 
24,084 posts, read 16,644,715 times
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Main problem is that unlike many European countries such as Germany United States does not have a coordinated social systems in place to deal with these sorts of situations.

https://www.dw.com/en/germany-passes...ers/a-53213509

https://www.reuters.com/article/us-h...-idUSKBN23A3IN

Because systems are already in place Germany can ramp up things quickly getting money to those in need fast.
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Old 06-05-2020, 06:27 AM
 
Location: Guadalajara, MX
7,980 posts, read 3,830,151 times
Reputation: 15038
Quote:
Originally Posted by lchoro View Post
The intelligence is that there will be either no vaccine or will be ineffective and that the safeguards have to be put in place permanently to avoid a general lockdown.
What do you mean by intelligence here? The intelligence community or assumptions one is wiser?

It seems there are lots of conflicting reports on vaccine timelines and success, I wouldn't know where to start on trying to sort through what is likely to happen.
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Old 06-05-2020, 03:59 PM
 
24,084 posts, read 16,644,715 times
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Another jobs report like one released today and you can kiss any hope of second round of expansive stimulus good-bye.


https://finance.yahoo.com/news/aston...194232884.html
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Old 06-05-2020, 04:08 PM
 
Location: Boston
13,559 posts, read 3,990,825 times
Reputation: 9926
Quote:
Originally Posted by BugsyPal View Post
Another jobs report like one released today and you can kiss any hope of second round of expansive stimulus good-bye.


https://finance.yahoo.com/news/aston...194232884.html
agreed, the recovery is moving at record speed Many Americans didn't need the first checks.
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Old 06-05-2020, 08:52 PM
 
Location: On a Long Island in NY
7,801 posts, read 8,973,689 times
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Quote:
Originally Posted by BugsyPal View Post
Another jobs report like one released today and you can kiss any hope of second round of expansive stimulus good-bye.


https://finance.yahoo.com/news/aston...194232884.html
Quote:
Originally Posted by skeddy View Post
agreed, the recovery is moving at record speed Many Americans didn't need the first checks.
Not quite true ... sorry guys!
https://www.cnbc.com/2020/06/05/here...-reported.html

Quote:
Yet the BLS may have severely undercounted the number of workers classified as “unemployed on temporary layoff” due to an error, the agency said.

The BLS determines how many people are unemployed based on a household survey. Survey interviewers misclassified several furloughed workers as being “absent from work due to ‘other reasons,’” according to the BLS.

That’s the same category of workers who’d be on vacation, for example.

The overall unemployment rate would have been “about 3 percentage points higher than reported” if those individuals had been identified correctly, according to the agency. (The estimate isn’t seasonally adjusted.)

That would put the official unemployment rate at 16.3%.
The real unemployment rate went up to 16.3%
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Old 06-06-2020, 04:36 AM
 
Location: Durham NC
1,969 posts, read 1,645,558 times
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Quote:
Originally Posted by skeddy View Post
agreed, the recovery is moving at record speed Many Americans didn't need the first checks.

You believe those numbers huh?
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Old 06-06-2020, 09:26 AM
 
Location: Boston
13,559 posts, read 3,990,825 times
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Quote:
Originally Posted by lancers View Post
You believe those numbers huh?
Did you believe the numbers in 2016? BLS doesn't work for Trump.
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Old 06-06-2020, 10:13 AM
 
3,260 posts, read 1,294,424 times
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Quote:
Originally Posted by BugsyPal View Post
Senate is long way from voting on anything.

Basically GOP woke up and realized they got snookered into passing what basically smells like UBI, they won't go down that path again unless forced by circumstances.

Republicans are hearing from their base (employers, businesses, etc..) all sorts of grumbles about that $600 extra along with UI is causing some low wage workers to think twice when recalled. That and they cannot get new employees because the out of work are doing quite fine with all that UI/stimulus money. In short people are getting more for staying home than they did for showing up to work.

Of course those grumbling the most are employers who offer jobs that pay relatively low wages; and don't have any plans for bumping that up. To large part of GOP the whole thing smacks of welfare, and we know what Mitch McConnell et al think of that scheme.

All this being said much will depend upon who things roll out by July or so. Congress goes into recess a August, and upon their return everyone and their mother up for reelection will start campaigning in earnest.

If UI nationwide remains at very elevated levels, something will have to be done. Can see an extension of UI, but that extra $600 for another several months until after say Christmas will be a heavy lift.
I really wonder how many of the unemployed actually received payments. Around here people that applied for UI back in March never received a cent and some are already going back to work. It seems like a false narrative that all these poor people are living it up on UI. Kind of like the stories that are copy/pasted of all these people on food stamps that are driving new Cadillacs.
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Old 06-06-2020, 05:33 PM
 
Location: SoCal
18,964 posts, read 8,946,363 times
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I don’t think there will be a second stimulus check, my kid’s business is slowly recovers.
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Old 06-07-2020, 12:34 PM
 
2,632 posts, read 1,245,672 times
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Unemployment is decreasing and stocks are rising. There will be no more stimulus, you can stick a fork in that notion, it is done.

I do believe many will still struggle.
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