The Economic Lockdown Catastrophe The worst jobs report in history shows why the economy must reopen.

[bripat9643]

Here is the reality: This shutdown cannot continue or it will destroy this country:

https://www.wsj.com/articles/the-economic-lockdown-catastrophe-11588978716​

​

Unemployment in April soared to 14.7%—the highest rate since the government started keeping records in 1948—while employers shed 20.5 million more jobs after losing 870,000 in March. The labor-market bleeding is even worse than those numbers suggest since 6.4 million workers left the workforce.​

​

Labor participation had been trending upward the past two years as faster job growth drew millions of low-income Americans from the sidelines. But the participation rate has now fallen 3.2 percentage points to 60.2% since a recent peak in February, the lowest since 1973 before large numbers of women started working.​

​

Much of the media continue to treat the economic destruction as a sideshow and present a false choice between saving lives and jobs. But this is the fastest jobs collapse in modern history. The Great Depression drove millions of Americans into poverty and caused many suicides, and there’s a substantial risk this could happen again.​

​

Mental-health crisis hotlines are reporting spikes in calls. According to Express Scripts, anti-anxiety prescriptions increased by a third between mid-February and mid-March. Many in despair will probably turn to alcohol or narcotics. CVS executives warned this week that delayed care could lead to a surge of non-coronavirus related health problems. They include cancers undiagnosed and illnesses left untreated.​

​

Hospitals have also had to cancel elective procedures, which is how they make most of their money. Stanford Health Care is cutting pay by 20% for its 14,000 workers. The California Medical Association reported that revenues at private practices have declined by two-thirds since March 1, and half have furloughed or laid off staff.​

​

Congress has appropriated $175 billion to shore up hospitals, but this won’t help small physician practices much. Many health-care providers warn they may not survive if their privately insured patients lose jobs and sign up for Medicaid​

 

[White 6]

Here is the reality: This shutdown cannot continue or it will destroy this country:

https://www.wsj.com/articles/the-economic-lockdown-catastrophe-11588978716​

​

Unemployment in April soared to 14.7%—the highest rate since the government started keeping records in 1948—while employers shed 20.5 million more jobs after losing 870,000 in March. The labor-market bleeding is even worse than those numbers suggest since 6.4 million workers left the workforce.​

​

Labor participation had been trending upward the past two years as faster job growth drew millions of low-income Americans from the sidelines. But the participation rate has now fallen 3.2 percentage points to 60.2% since a recent peak in February, the lowest since 1973 before large numbers of women started working.​

​

Much of the media continue to treat the economic destruction as a sideshow and present a false choice between saving lives and jobs. But this is the fastest jobs collapse in modern history. The Great Depression drove millions of Americans into poverty and caused many suicides, and there’s a substantial risk this could happen again.​

​

Mental-health crisis hotlines are reporting spikes in calls. According to Express Scripts, anti-anxiety prescriptions increased by a third between mid-February and mid-March. Many in despair will probably turn to alcohol or narcotics. CVS executives warned this week that delayed care could lead to a surge of non-coronavirus related health problems. They include cancers undiagnosed and illnesses left untreated.​

​

Hospitals have also had to cancel elective procedures, which is how they make most of their money. Stanford Health Care is cutting pay by 20% for its 14,000 workers. The California Medical Association reported that revenues at private practices have declined by two-thirds since March 1, and half have furloughed or laid off staff.​

​

Congress has appropriated $175 billion to shore up hospitals, but this won’t help small physician practices much. Many health-care providers warn they may not survive if their privately insured patients lose jobs and sign up for Medicaid​

Yep, bad for the economy. Got it. Are you advocating opening up wide open all states, all counties, all cities or more controlled, dependent on state and local conditions? Mine is opening if it makes you feel better. Of course not opening full blast without restrictions, as I live in a fairly conservative deep red state. Heck, my pool is open, looking real good and of course costing me money, but I am not diving in, to thoroughly enjoy until the waters warm up more. Just the kind of conservative minded guy, I am.

 

[Mac-7]

Here is the reality: This shutdown cannot continue or it will destroy this country:

https://www.wsj.com/articles/the-economic-lockdown-catastrophe-11588978716​

​

Unemployment in April soared to 14.7%—the highest rate since the government started keeping records in 1948—while employers shed 20.5 million more jobs after losing 870,000 in March. The labor-market bleeding is even worse than those numbers suggest since 6.4 million workers left the workforce.​

​

Labor participation had been trending upward the past two years as faster job growth drew millions of low-income Americans from the sidelines. But the participation rate has now fallen 3.2 percentage points to 60.2% since a recent peak in February, the lowest since 1973 before large numbers of women started working.​

​

Much of the media continue to treat the economic destruction as a sideshow and present a false choice between saving lives and jobs. But this is the fastest jobs collapse in modern history. The Great Depression drove millions of Americans into poverty and caused many suicides, and there’s a substantial risk this could happen again.​

​

Mental-health crisis hotlines are reporting spikes in calls. According to Express Scripts, anti-anxiety prescriptions increased by a third between mid-February and mid-March. Many in despair will probably turn to alcohol or narcotics. CVS executives warned this week that delayed care could lead to a surge of non-coronavirus related health problems. They include cancers undiagnosed and illnesses left untreated.​

​

Hospitals have also had to cancel elective procedures, which is how they make most of their money. Stanford Health Care is cutting pay by 20% for its 14,000 workers. The California Medical Association reported that revenues at private practices have declined by two-thirds since March 1, and half have furloughed or laid off staff.​

​

Congress has appropriated $175 billion to shore up hospitals, but this won’t help small physician practices much. Many health-care providers warn they may not survive if their privately insured patients lose jobs and sign up for Medicaid​

Yep, bad for the economy. Got it. Are you advocating opening up wide open all states, all counties, all cities or more controlled, dependent on state and local conditions? Mine is opening if it makes you feel better. Of course not opening full blast without restrictions, as I live in a fairly conservative deep red state. Heck, my pool is open, looking real good and of course costing me money, but I am not diving in, to thoroughly enjoy until the waters warm up more. Just the kind of conservative minded guy, I am.

Its a bad choice either way

but not opening up will be worse

 

[22lcidw]

Can you imagine a total Prog socialist communist based economy having the products we need? Look how bad it is now for some. We would be wiping our azzes with leaves for the next five years just on that.

 

[White 6]

Here is the reality: This shutdown cannot continue or it will destroy this country:

https://www.wsj.com/articles/the-economic-lockdown-catastrophe-11588978716​

​

Unemployment in April soared to 14.7%—the highest rate since the government started keeping records in 1948—while employers shed 20.5 million more jobs after losing 870,000 in March. The labor-market bleeding is even worse than those numbers suggest since 6.4 million workers left the workforce.​

​

Labor participation had been trending upward the past two years as faster job growth drew millions of low-income Americans from the sidelines. But the participation rate has now fallen 3.2 percentage points to 60.2% since a recent peak in February, the lowest since 1973 before large numbers of women started working.​

​

Much of the media continue to treat the economic destruction as a sideshow and present a false choice between saving lives and jobs. But this is the fastest jobs collapse in modern history. The Great Depression drove millions of Americans into poverty and caused many suicides, and there’s a substantial risk this could happen again.​

​

Mental-health crisis hotlines are reporting spikes in calls. According to Express Scripts, anti-anxiety prescriptions increased by a third between mid-February and mid-March. Many in despair will probably turn to alcohol or narcotics. CVS executives warned this week that delayed care could lead to a surge of non-coronavirus related health problems. They include cancers undiagnosed and illnesses left untreated.​

​

Hospitals have also had to cancel elective procedures, which is how they make most of their money. Stanford Health Care is cutting pay by 20% for its 14,000 workers. The California Medical Association reported that revenues at private practices have declined by two-thirds since March 1, and half have furloughed or laid off staff.​

​

Congress has appropriated $175 billion to shore up hospitals, but this won’t help small physician practices much. Many health-care providers warn they may not survive if their privately insured patients lose jobs and sign up for Medicaid​

Yep, bad for the economy. Got it. Are you advocating opening up wide open all states, all counties, all cities or more controlled, dependent on state and local conditions? Mine is opening if it makes you feel better. Of course not opening full blast without restrictions, as I live in a fairly conservative deep red state. Heck, my pool is open, looking real good and of course costing me money, but I am not diving in, to thoroughly enjoy until the waters warm up more. Just the kind of conservative minded guy, I am.

Its a bad choice either way

but not opening up will be worse

True. It is all about the choice, values and how they are implemented.

 

[Fueri]

No good choices. The models we were sold on in terms of relative risks were flat shit and off by at least 10X.

States and countries that have not followed this total shutdown approach and/or are relaxing restrictions have not seen the prognostications of the doom that was supposed to consume them come to fruition either.

Continue basic common-sense measures to slow it down, actually ramp up medical system capacity instead of reducing it, which they are doing in Illinois, do something about the nursing home clusters, which account for ~ half of the fatalities, allow those at risk to stay home if they want and get back to work.

Continuing like this makes no sense. We're waiting/hoping for therapeutics and a vaccine that, if/when, they show up will have minimal impacts on fatalities, and we're somehow justifying all of this based on that nebulous timeframe and benefit in conjunction with data and predictions that have been dogshit from the jump.

Really, the data is meaningless at this point to the "continue the complete lockdowns" crowd. The calculus is the most cautious approach possible is best while ignoring secondaries completely, aside from hoping for the government to somehow pay everyone's bills, which is literally impossible. That approach doesn't make any more sense than gathering everyone into groups and having them lick each other's eyeballs to get everyone infected at once and just get it over with.

 

[Whodatsaywhodat.]

The same damn crooks that were screaming russian collusion are now screaming that we the people should listen to them and lock down . Should tell you its a fraud.

 

[JoeB131]

Its a bad choice either way

but not opening up will be worse

Yeah. People might actually hold Trump accountable. That would be tragic for you guys.

 

[Mac-7]

Its a bad choice either way

but not opening up will be worse

Yeah. People might actually hold Trump accountable. That would be tragic for you guys.

I am not responsible for what uninformed people think

 

[OnePercenter]

Here is the reality: This shutdown cannot continue or it will destroy this country:

https://www.wsj.com/articles/the-economic-lockdown-catastrophe-11588978716​

​

Unemployment in April soared to 14.7%—the highest rate since the government started keeping records in 1948—while employers shed 20.5 million more jobs after losing 870,000 in March. The labor-market bleeding is even worse than those numbers suggest since 6.4 million workers left the workforce.​

​

Labor participation had been trending upward the past two years as faster job growth drew millions of low-income Americans from the sidelines. But the participation rate has now fallen 3.2 percentage points to 60.2% since a recent peak in February, the lowest since 1973 before large numbers of women started working.​

​

Much of the media continue to treat the economic destruction as a sideshow and present a false choice between saving lives and jobs. But this is the fastest jobs collapse in modern history. The Great Depression drove millions of Americans into poverty and caused many suicides, and there’s a substantial risk this could happen again.​

​

Mental-health crisis hotlines are reporting spikes in calls. According to Express Scripts, anti-anxiety prescriptions increased by a third between mid-February and mid-March. Many in despair will probably turn to alcohol or narcotics. CVS executives warned this week that delayed care could lead to a surge of non-coronavirus related health problems. They include cancers undiagnosed and illnesses left untreated.​

​

Hospitals have also had to cancel elective procedures, which is how they make most of their money. Stanford Health Care is cutting pay by 20% for its 14,000 workers. The California Medical Association reported that revenues at private practices have declined by two-thirds since March 1, and half have furloughed or laid off staff.​

​

Congress has appropriated $175 billion to shore up hospitals, but this won’t help small physician practices much. Many health-care providers warn they may not survive if their privately insured patients lose jobs and sign up for Medicaid​

Bripat is Canadian and skating Canadian law to post, but I'm going to send a link to the RCMP anyway.

 

[Norman]

AP Exclusive: Docs show top WH officials buried CDC report

GAINESVILLE, Fla. (AP) — The decision to shelve detailed advice from the nation’s top disease control experts for reopening communities during the coronavirus pandemic came from the highest levels of the White House, according to internal government emails obtained by The Associated Press.

apnews.com

According to CDC masks are useless. Even 5 year old could figure out that mask reduces the spread, not exact rocket science.

But they are the very best diversity hires, I guarantee you that.

Fuck these Marxist agencies and above all, fuck the Borg.

 

[OnePercenter]

AP Exclusive: Docs show top WH officials buried CDC report

GAINESVILLE, Fla. (AP) — The decision to shelve detailed advice from the nation’s top disease control experts for reopening communities during the coronavirus pandemic came from the highest levels of the White House, according to internal government emails obtained by The Associated Press.

apnews.com

According to CDC masks are useless. Even 5 year old could figure out that mask reduces the spread, not exact rocket science.

But they are the very best diversity hires, I guarantee you that.

Fuck these Marxist agencies and above all, fuck the Borg.

Really?

White House expected to recommend Americans wear cloth masks to prevent coronavirus spread

The White House is expected to announce a new policy, based on guidance from the CDC, that would urge Americans to wear cloth masks in an effort to prevent coronavirus spread, according to a federal official familiar with the policy.

www.statnews.com

 

[JimBowie1958]

Folks dont worry so much. Economic activity is being suppressed by the lockdowns but they will be almost all gone by end of October, and those that still do lockdowns will be blue states losing businesses to red states.

That wont last very long because the businesses will be taking their taxes with them, and we are not bailing out any corrupt and mismanaged states like New York.

Trump is the best man to guide us back into a full re-opening and that is what scares the beejeebus out of the Democrats.

 

[JoeB131]

Folks dont worry so much. Economic activity is being suppressed by the lockdowns but they will be almost all gone by end of October, and those that still do lockdowns will be blue states losing businesses to red states.

That wont last very long because the businesses will be taking their taxes with them, and we are not bailing out any corrupt and mismanaged states like New York.

Trump is the best man to guide us back into a full re-opening and that is what scares the beejeebus out of the Democrats.

You're kind of delusional, buddy.

Here's how it's going to play out. Best case scenario, we end the lockdowns in June and hopefully that won't cause a spike in new cases. If it does, we'll be right back where we started from.

But even if it doesn't, a lot of those small businesses will be GONE. They won't be coming back.

Then you are going to see the second wave in layoffs. All the "essential" workers who are going to find themselves downsized because their industries aren't making as much, or the new influx of unemployed means they can find someone to do the job for cheaper.

THIS IS GOING TO BE BAD. If Trump were a leader, he'd level with people and prepare them for the worst. This is what Bush did after 9/11. This is what FDR did during the Great Depression.

His bragging how awesome he is was wearing a bit thin on people before we had 80,000 corpses.

 

[Norman]

Folks dont worry so much. Economic activity is being suppressed by the lockdowns but they will be almost all gone by end of October, and those that still do lockdowns will be blue states losing businesses to red states.

That wont last very long because the businesses will be taking their taxes with them, and we are not bailing out any corrupt and mismanaged states like New York.

Trump is the best man to guide us back into a full re-opening and that is what scares the beejeebus out of the Democrats.

You're kind of delusional, buddy.

Here's how it's going to play out. Best case scenario, we end the lockdowns in June and hopefully that won't cause a spike in new cases. If it does, we'll be right back where we started from.

But even if it doesn't, a lot of those small businesses will be GONE. They won't be coming back.

Then you are going to see the second wave in layoffs. All the "essential" workers who are going to find themselves downsized because their industries aren't making as much, or the new influx of unemployed means they can find someone to do the job for cheaper.

THIS IS GOING TO BE BAD. If Trump were a leader, he'd level with people and prepare them for the worst. This is what Bush did after 9/11. This is what FDR did during the Great Depression.

His bragging how awesome he is was wearing a bit thin on people before we had 80,000 corpses.

President Trump has already leveled with the people.

After the disease is defeated, he will pull his magic wand again. The economy will sky rocket right back up... well the states that are not blue anyway.

 

[JoeB131]

President Trump has already leveled with the people.

After the disease is defeated, he will pull his magic wand again. The economy will sky rocket right back up... well the states that are not blue anyway.

Yeah, wasn't he the guy who said this would go away when the weather got warm and we'd only have a few cases.

80K dead as of this morning.

 

[Norman]

President Trump has already leveled with the people.

After the disease is defeated, he will pull his magic wand again. The economy will sky rocket right back up... well the states that are not blue anyway.

Yeah, wasn't he the guy who said this would go away when the weather got warm and we'd only have a few cases.

80K dead as of this morning.

View attachment 334236

With fake statistics everything is possible. We expected millions to die from the virus not all the other causes that are now counted as deaths. Trump already defeated the virus, it's time to open the economy back up. We could usher in a new Renaissance.

The virus may have snapped many people back into their senses, as after the black plague, after the Chinese plague things may get better. Saying farewell to leftism would make it the best virus ever.

 

[Cellblock2429]

No good choices. The models we were sold on in terms of relative risks were flat shit and off by at least 10X.

States and countries that have not followed this total shutdown approach and/or are relaxing restrictions have not seen the prognostications of the doom that was supposed to consume them come to fruition either.

Continue basic common-sense measures to slow it down, actually ramp up medical system capacity instead of reducing it, which they are doing in Illinois, do something about the nursing home clusters, which account for ~ half of the fatalities, allow those at risk to stay home if they want and get back to work.

Continuing like this makes no sense. We're waiting/hoping for therapeutics and a vaccine that, if/when, they show up will have minimal impacts on fatalities, and we're somehow justifying all of this based on that nebulous timeframe and benefit in conjunction with data and predictions that have been dogshit from the jump.

Really, the data is meaningless at this point to the "continue the complete lockdowns" crowd. The calculus is the most cautious approach possible is best while ignoring secondaries completely, aside from hoping for the government to somehow pay everyone's bills, which is literally impossible. That approach doesn't make any more sense than gathering everyone into groups and having them lick each other's eyeballs to get everyone infected at once and just get it over with.

/——-/ since your post, a 1/2 dozen blogs popped up proclaiming the benefits of eyeball licking.

 

[Cellblock2429]

President Trump has already leveled with the people.

After the disease is defeated, he will pull his magic wand again. The economy will sky rocket right back up... well the states that are not blue anyway.

Yeah, wasn't he the guy who said this would go away when the weather got warm and we'd only have a few cases.

80K dead as of this morning.

View attachment 334236

/—-/ Why do you continue to spread that lie? Trump called they media coverage a hoax, not the virus.

 

[Norman]

President Trump has already leveled with the people.

After the disease is defeated, he will pull his magic wand again. The economy will sky rocket right back up... well the states that are not blue anyway.

Yeah, wasn't he the guy who said this would go away when the weather got warm and we'd only have a few cases.

80K dead as of this morning.

View attachment 334236

/—-/ Wy do you continue to spread that lie? Trump called they media coverage a hoax, not the virus.

Because the whole person is a hoax.