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Old 05-03-2020, 04:20 PM
 
Location: King County, WA
15,841 posts, read 6,547,612 times
Reputation: 13333

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Yes, the recovery will take much longer than the drop because it depends on consumer confidence being rebuilt. It's more like a tilted V.
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Old 05-03-2020, 04:26 PM
 
4,562 posts, read 4,103,050 times
Reputation: 2287
Quote:
Originally Posted by Vector1 View Post
Indeed

Even when toilet paper was supposedly in short supply (why there was a run on it I will never understand), we never had bare shelves in the true sense of the word.
Sure certain products ran out faster than usual with people hording/overbuying them, but then the next day the trucks would bring items and you could get them if you shopped early in the day.
Now there is virtually everything you want, and most of it does not run out in the first couple of hours.

But fear mongering and lies are the hallmark for the socialist/communist left, always has been.



`
Fear mongering is used by both sides. Last I checked it was fear mongering on the right that began the Iraq and Afghanistan wars

But be partisan, please. I am trying to address an idea failing millions and you want to turn it into right/ left. If the right has a different solution for the current recession let’s hear it, but last I checked all they have is tax cuts for the wealthy and austerity for everyone else.
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Old 05-03-2020, 04:29 PM
 
12,772 posts, read 7,979,187 times
Reputation: 4332
Quote:
Originally Posted by odinloki1 View Post
Supply side economics. It doesn’t work period. The idea needs to die.

All the unemployed were laid off because the business owners ran out of consumers period.

Want to see a V shaped recovery. Maintain a broad consumer base with disposable income. Then when businesses open more there are tons of people ready to spend.

Employers will hire when they know the employee will make them money. That means they need reliable predictable income. That means a lot of consumers.

Few if any people will hire just because they have more money and they won’t hire many people unless there will be a return on investment.

There should already be a UBI being instituted. Tax cuts for the wealthy and supply side economics needs to die. Hopefully the coronavirus crisis will kill it.
Capitalism is the best idea out of a bunch of bad options...or whatever that quote is. Unfortunately though we don't even come close to practicing actual capitalism, and if I read between the lines I think that is the problem you are truly at odds with.
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Old 05-03-2020, 04:40 PM
 
4,021 posts, read 1,799,670 times
Reputation: 4862
Quote:
Originally Posted by odinloki1 View Post
Fear mongering is used by both sides. Last I checked it was fear mongering on the right that began the Iraq and Afghanistan wars

But be partisan, please. I am trying to address an idea failing millions and you want to turn it into right/ left. If the right has a different solution for the current recession let’s hear it, but last I checked all they have is tax cuts for the wealthy and austerity for everyone else.
Talk about misdirects.....you're a lefty who likes socialism and dislikes capitalism. Fine. We get it.

But your points fail to make enough sense to convince anyone to get rid of the best system around. You can hardly blame the inability of a system to respond to a worldwide pandemic a failure.
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Old 05-03-2020, 04:42 PM
 
Location: Cali
14,229 posts, read 4,596,290 times
Reputation: 8321
Quote:
Originally Posted by odinloki1 View Post
Last I checked there are shortages here. I’m seeing bare shelves in grocery stores. Address my point instead of a childish redirect. Name me a business that will hire hundreds if not thousands of people if they have no consumer demand?
I went to Costco and Vons today for my weekly stock up. The shelves are stocked with fresh produces and whatever meats I want . They even enough TP to wipe my ass until next year. I live in Cali.


The heck where you live where the shelves are empty?
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Old 05-03-2020, 05:26 PM
 
25,445 posts, read 9,809,749 times
Reputation: 15337
Quote:
Originally Posted by 1AngryTaxPayer View Post
Red herring


Meat packing plants are hiring as is agriculture.
If they're hiring it's because so many of the meat packing plant workers have Covid.
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Old 05-03-2020, 05:27 PM
 
Location: San Diego
50,298 posts, read 47,056,299 times
Reputation: 34080
Quote:
Originally Posted by trobesmom View Post
If they're hiring it's because so many of the meat packing plant workers have Covid.
or fear
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Old 05-03-2020, 05:31 PM
 
Location: NNJ
15,074 posts, read 10,105,001 times
Reputation: 17270
Quote:
Originally Posted by 1AngryTaxPayer View Post
or fear
I don't think they would have shut down the meat packing plant out of fear. seriously.. if anything, you are marginalizing people who have contracted and died from covid.

Since they are considered essential workers, they are being tested... Last time I checked, the count was up to 4000 testing positive. The miss step here is that they should have been tested earlier... to PREVENT the closure of the meat packing plants by isolating the spread. They only started testing them once workers/employees were sick and/or hospitalized.
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Old 05-03-2020, 05:34 PM
 
Location: Houston
26,979 posts, read 15,892,870 times
Reputation: 11259
Quote:
Originally Posted by hawk55732 View Post
You realize that people became unemployed not because there was no demand for the products. They became unemployed because the government forced them to shut down. As for bare shelfs, I don't know where you are at but around my area that is not the case at all.
Actually it was a combination of both. Not many people were going to get on cruise ships regardless of what governments do n
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Old 05-03-2020, 05:36 PM
 
Location: San Diego
50,298 posts, read 47,056,299 times
Reputation: 34080
Quote:
Originally Posted by usayit View Post
I don't think they would have shut down the meat packing plant out of fear. seriously.. if anything, you are marginalizing people who have contracted and died from covid.

Since they are considered essential workers, they are being tested... Last time I checked, the count was up to 4000 testing positive. The miss step here is that they should have been tested earlier... to PREVENT the closure of the meat packing plants by isolating the spread. They only started testing them once workers/employees were sick and/or hospitalized.
My entire family is still working. Are we "marginalized"?
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