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**** the politicians and any idea of a government being your savior when you trip and skin your knee. It is a terrible precedent and will be used to bankroll every dip in the road until the inevitable collapse. This is not just foolish but destructive. The fools on both sides are not looking more than a couple of years ahead and should be dragged through the streets covered in tar and feathers.
Sounds like you see things you don’t like! The treasury will be selling 50 & 100yr bonds for this one. Like I said, the great great great grandkids will be footing this turkey. We’re 10yr since the last bailout and 10yr from the big one, maybe sooner.
**** the politicians and any idea of a government being your savior when you trip and skin your knee. It is a terrible precedent and will be used to bankroll every dip in the road until the inevitable collapse. This is not just foolish but destructive. The fools on both sides are not looking more than a couple of years ahead and should be dragged through the streets covered in tar and feathers.
You don't like a simple 247 page bill that balloons into 880 pages after the carrer politicians have their way with it?
Ironic I guess. Record # of new unemployed and market is up 2+%! Must be the investors are licking their chops over the $2T in "stimulus" money. Be quick to the feeding through or it'll be gone...
Ironic I guess. Record # of new unemployed and market is up 2+%! Must be the investors are licking their chops over the $2T in "stimulus" money. Be quick to the feeding through or it'll be gone...
When have the performance of the major indices had any connection to reality?
Buying and selling in the stock market typically leads actual market performance by 2 to 3 months in normal times, which these are not.
On top of that almost all of the buying/selling is automatically generated based on some sort of algorithm formula's.
Combine those two and the market appears to be reacting to the presumption that things will be recovering in 2 to 3 months.
The unemployment numbers that just came out, and the next 4 weeks worth have been mostly priced into the market.
Rather than showing some BS headline an accurate chart would be to show market performance over the last 3 months with this morning being a slight uptick from (hopefully) a market bottom.
When have the performance of the major indices had any connection to reality?
True.
In somewhat related news, it looks like my wife and I make too much money and so we’ll be stimulating ourselves thank you very much. So Sixshooter will be proud that I’m not taking any handout (not that I wouldn’t mind you, after all I am American to the core) and Brain’s as of yet unconceived heirs won’t have any worries on my account. You can thank me later...
“The key provision of the bailout bill is a $454 billion program overseen by Mnuchin that can be leveraged 10 times over by the Federal Reserve to do essentially anything Mnuchin and the Fed want to do with it. But firms that receive this money will still be allowed to lay off up to 10% of their workforces over the next six months ― and that figure would be calculated based on this week’s employment. The 3.3 million people who were laid off last week wouldn’t count.”
I hate politicians, damn near every single one. Both major parties suck. The government controls far too much money and that is the source of much corruption.
If the government was limited to one tenth the ability to tax or to spend it is currently exercising it would be fine with me.
The answer is less government and more individual liberty.
America is the land of personal liberty, a place to be free from government interference, a land of self-sufficiency and rugged individualism, a land of freedom from governmental oppression and burdensome taxation, a land of opportunity for the individual to do as much or as little for themselves or others as they see fit, a land where politicians don't have the ability to pick winners and losers, where government's job is neither to help or hinder men and industry but rather to stay out of the way of innovation and the development of new capital, where creation of new value and wealth out of thin air is known to be a virtuous reward of work and investment. These are some of the cornerstones of our country that made it great. We should carefully hold each piece of new legislation up to the light and inspect it for adherence to the rules of governance specifically listed in the constitution, and dispose of any proposal that does not comply.
If I receive any additional funds from the government during this exercise in poor legislative judgement (and I don't believe I will), I would be foolish not to set it aside for repayment. I expect it will be required of me to refund it at least threefold.
If we hand everyone a thousand dollars then everyone will be required to pay back a thousand dollars to make the government whole. Except half of the people in America don't pay any taxes. Therefore, many of the people who received checks and all of the ones who received nothing will be paying at least two thousand dollars, just for the personal checks sent out. This doesn't account for the largest chunk of this bill which is money given to businesses. That will be at least another two to four thousand dollars paid directly from individuals back to the government.
I'm trying to see where any of this sounds good. It looks like an excrement hoagie from here.
America is the land of personal liberty, a place to be free from government and religious interference, a land of self-sufficiency, choice and rugged individualism, a land of freedom from governmental oppression and burdensome taxation, a land of opportunity for the individual to do as much or as little for themselves or others as they see fit, a land where politicians don't have the ability to pick winners and losers, where government's job is neither to help or hinder men and industry but rather to stay out of the way of innovation and the development of new capital, where creation of new value and wealth out of thin air is known to be a virtuous reward of work and investment. These are some of the cornerstones of our country that made it great. We should carefully hold each piece of new legislation up to the light and inspect it for adherence to the rules of governance specifically listed in the constitution, and dispose of any proposal that does not comply.
Sorry, I had to make a couple edits.
Originally Posted by sixshooter
If I receive any additional funds from the government during this exercise in poor legislative judgement (and I don't believe I will), I would be foolish not to set it aside for repayment. I expect it will be required of me to refund it at least threefold.
America is the land of personal liberty, a place to be free from government interference, a land of self-sufficiency and rugged individualism, a land of freedom from governmental oppression and burdensome taxation, a land of opportunity for the individual to do as much or as little for themselves or others as they see fit, a land where politicians don't have the ability to pick winners and losers, where government's job is neither to help or hinder men and industry but rather to stay out of the way of innovation and the development of new capital, where creation of new value and wealth out of thin air is known to be a virtuous reward of work and investment.
I hate politicians, damn near every single one. Both major parties suck. The government controls far too much money and that is the source of much corruption.
If the government was limited to one tenth the ability to tax or to spend it is currently exercising it would be fine with me.
The answer is less government and more individual liberty.
America is the land of personal liberty, a place to be free from government interference, a land of self-sufficiency and rugged individualism, a land of freedom from governmental oppression and burdensome taxation, a land of opportunity for the individual to do as much or as little for themselves or others as they see fit, a land where politicians don't have the ability to pick winners and losers, where government's job is neither to help or hinder men and industry but rather to stay out of the way of innovation and the development of new capital, where creation of new value and wealth out of thin air is known to be a virtuous reward of work and investment. These are some of the cornerstones of our country that made it great. We should carefully hold each piece of new legislation up to the light and inspect it for adherence to the rules of governance specifically listed in the constitution, and dispose of any proposal that does not comply.
If I receive any additional funds from the government during this exercise in poor legislative judgement (and I don't believe I will), I would be foolish not to set it aside for repayment. I expect it will be required of me to refund it at least threefold.
If we hand everyone a thousand dollars then everyone will be required to pay back a thousand dollars to make the government whole. Except half of the people in America don't pay any taxes. Therefore, many of the people who received checks and all of the ones who received nothing will be paying at least two thousand dollars, just for the personal checks sent out. This doesn't account for the largest chunk of this bill which is money given to businesses. That will be at least another two to four thousand dollars paid directly from individuals back to the government.
I'm trying to see where any of this sounds good. It looks like an excrement hoagie from here.
If we could get rid of crony capitalism I would agree with you 100%. But I don't see that happening.
"The 3.3 million new unemployment insurance claims that the Labor Department reported Thursday is likely a significant undercount, experts say, because laid-off workers have been calling into state unemployment agencies much faster than the agencies can process their requests."
"More than 1.7 million calls were placed last week to theNew York State Labor Departmentseeking unemployment benefits, the department reported Wednesday on Twitter. But according to DOL's count, only 80,334 New Yorkers applied for benefits."
"In Texas, the state's workforce commission said it received calls last week from more than 800,000 people trying to file unemployment claims, The Dallas Morning News reported Wednesday. But DOL reported only 155,657 new claims there."
"California Gov. Gavin Newsom said Wednesday that the state received more than 1 million claims over the past two weeks. But last week, DOL only tallied 186,809 new claims there for the past week."
Massachusetts Governor Charlie Baker told Trump during a video conference on Thursday that his state three times lost out to the federal government on purchases of critical supplies, creating an awkward moment during the made-for-TV event at Federal Emergency Management Agency headquarters in Washington.”
KY Governor Beshear today offered examples of this during his daily virus update. Capitalism at it’s best... **** the rest.
Today, about one week after the hoarding really peaked, I went to the store.
I bought bread, toilet paper, whiskey, meat, cheese, disinfecting wipes, and a few other miscellaneous items.
Last weekend, the supermarkets in Chicago (as well as all the rest of the country) looked like photos from Soviet-era Russia. Today, the shelves are stocked again.
Capitalism created and sustains the system which allows that to happen.
Rather than showing some BS headline an accurate chart would be to show market performance over the last 3 months with this morning being a slight uptick from (hopefully) a market bottom.
Widen the resolution on your charts a decade or so. Market’s been overbought for a long time. I predict we’ll hit 2016 levels in the next 12 months and hopefully it doesn’t plummet further than that.
Today, about one week after the hoarding really peaked, I went to the store.
I bought bread, toilet paper, whiskey, meat, cheese, disinfecting wipes, and a few other miscellaneous items.
Last weekend, the supermarkets in Chicago (as well as all the rest of the country) looked like photos from Soviet-era Russia. Today, the shelves are stocked again.
Capitalism created and sustains the system which allows that to happen.
I’m not talking about meat, cheese, whiskey and whatnot. But you know that. I am talking about a dysfunctional government and the capitalist system that, in times like this, take full advantage of it. Whatever...
03-25-2020, 09:39 PM
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