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

[Oldestyle]

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​

Economy and jobs to rebound by 2021, Joe will take all the glory, shitolini all the blame and disgrace....


View attachment 336716View attachment 336717

You WANT the economy to stay bad until Trump loses...don't you, Arresmillao? You don't care how many millions lose their jobs and suffer while that's happening! Pretty much that makes YOU a totally useless piece of shit! Just saying...

 

[JoeB131]

You're an idiot, Joe! China was "MAYBE" less than forthcoming for a couple of days? They lied about this thing for months! While they shut down travel from Wu Han to other parts of China they allowed travel from Wu Han to other parts of the world! In other words they allowed this virus to spread unchecked to US and the rest of the world while they protected themselves!

Hold on, buddy, we have to get your hat for you...

There, that's better.

Now, did the Chinese make Trump ignore Dr. Fauci and the other experts? Did the Chinese make Trump put his idiot son-in-law in charge? Did the Chinese make Trump delay testing because he didn't want to spook the markets?

While they were telling the rest of the world that the virus wasn't that bad they were buying up as much PPE and testing supplies as they could to protect themselves from this virus! What they did was reprehensible! They should be made a governmental PARIAH by the rest of the world for their actions! They should be sued by the world as a whole for the damage that their actions have caused to the world community!

Actually, China has acted better than we have.. While we've been looking out for ourselves, the Chinese have been sending aid all over the world.

China sends doctors and masks overseas as domestic coronavirus infections drop

As countries struggle to respond to the pandemic, China portrays itself as a global benefactor

www.theguardian.com

In the last few weeks, China has donated coronavirus testing kits to Cambodia, sent planeloads of ventilators, masks and medics to Italy and France, pledged to help the Philippines, Spain and other countries, and deployed medics to Iran and Iraq.

The Chinese president, Xi Jinping, has offered comforting words, telling the Spanish prime minister, Pedro Sánchez, that “sunshine comes after the storm”, and adding that the two countries should step up cooperation and exchanges after the outbreak.

As the coronavirus outbreak spreads and countries struggle to respond, China has positioned itself as a leader and benefactor in public health, building the kind of soft power Beijing needs at a time of intensifying US-China rivalry and scrutiny of Chinese influence around the world.

 

[JoeB131]

You WANT the economy to stay bad until Trump loses...don't you, Arresmillao? You don't care how many millions lose their jobs and suffer while that's happening! Pretty much that makes YOU a totally useless piece of shit! Just saying...

Hey, I think you have it mixed up.

We have millions losing their jobs because Trump is incompetent. If anything, the Democrats have been trying their level best to save people from Trump's incompetence by signing on to his big socialist relief programs, which never would have been necessary if Trump had taken this seriously in January like the Japanese and South Koreans did.

 

[LeftofLeft]

China is the root cause. Trump is not the root cause. Even if Trump does not get re-elected, China is still going to be the root cause.

Nope. China had nothing to do with it other than it started there. China didn't cause it. China didn't make Trump fumble the response for months (and still keep fumbling it.)

China did cause it as you continue to ignore its impact worldwide and the role China and co-conspirator UN/WHO played in hiding real stats. But, should you get your wish and Trump is out come January, you can’t point to what /how Democrats and Biden will do better.

 

[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​

Economy and jobs to rebound by 2021, Joe will take all the glory, shitolini all the blame and disgrace....


View attachment 336716View attachment 336717

Thanks for admitting the true motive behind the shutdown and that it's all just a political power grab.

 

[bripat9643]

You WANT the economy to stay bad until Trump loses...don't you, Arresmillao? You don't care how many millions lose their jobs and suffer while that's happening! Pretty much that makes YOU a totally useless piece of shit! Just saying...

Hey, I think you have it mixed up.

We have millions losing their jobs because Trump is incompetent. If anything, the Democrats have been trying their level best to save people from Trump's incompetence by signing on to his big socialist relief programs, which never would have been necessary if Trump had taken this seriously in January like the Japanese and South Koreans did.

It's funny how you turds never comapare the USA with all those European socialist countries like Italy, Spain, Belgium, France and the UK when it comes to the COVID virus.

 

[Oldestyle]

You're an idiot, Joe! China was "MAYBE" less than forthcoming for a couple of days? They lied about this thing for months! While they shut down travel from Wu Han to other parts of China they allowed travel from Wu Han to other parts of the world! In other words they allowed this virus to spread unchecked to US and the rest of the world while they protected themselves!

Hold on, buddy, we have to get your hat for you...

View attachment 336767
There, that's better.

Now, did the Chinese make Trump ignore Dr. Fauci and the other experts? Did the Chinese make Trump put his idiot son-in-law in charge? Did the Chinese make Trump delay testing because he didn't want to spook the markets?

While they were telling the rest of the world that the virus wasn't that bad they were buying up as much PPE and testing supplies as they could to protect themselves from this virus! What they did was reprehensible! They should be made a governmental PARIAH by the rest of the world for their actions! They should be sued by the world as a whole for the damage that their actions have caused to the world community!

Actually, China has acted better than we have.. While we've been looking out for ourselves, the Chinese have been sending aid all over the world.

China sends doctors and masks overseas as domestic coronavirus infections drop

As countries struggle to respond to the pandemic, China portrays itself as a global benefactor

www.theguardian.com

In the last few weeks, China has donated coronavirus testing kits to Cambodia, sent planeloads of ventilators, masks and medics to Italy and France, pledged to help the Philippines, Spain and other countries, and deployed medics to Iran and Iraq.

The Chinese president, Xi Jinping, has offered comforting words, telling the Spanish prime minister, Pedro Sánchez, that “sunshine comes after the storm”, and adding that the two countries should step up cooperation and exchanges after the outbreak.

As the coronavirus outbreak spreads and countries struggle to respond, China has positioned itself as a leader and benefactor in public health, building the kind of soft power Beijing needs at a time of intensifying US-China rivalry and scrutiny of Chinese influence around the world.

That simply proves how utterly contemptuous the Chinese really are! They let the rest of the world get infected with the virus that started in Wu Han and then portray themselves as the "good guys" because they send help to the countries that they've devastated?
While the US and other nations are working feverishly to come up with medical solutions to the Covid 19 virus...the Chinese are working feverishly to hack into communications between medical researchers so that they can steal whatever the rest of the world's scientists come up with! This should show the rest of the world just how sleazy the Chinese are. They don't care about anyone but themselves.

 

[Oldestyle]

You WANT the economy to stay bad until Trump loses...don't you, Arresmillao? You don't care how many millions lose their jobs and suffer while that's happening! Pretty much that makes YOU a totally useless piece of shit! Just saying...

Hey, I think you have it mixed up.

We have millions losing their jobs because Trump is incompetent. If anything, the Democrats have been trying their level best to save people from Trump's incompetence by signing on to his big socialist relief programs, which never would have been necessary if Trump had taken this seriously in January like the Japanese and South Koreans did.

Trump is now trying to get our economy working again and Democrats are resisting that in every State that they control! We're not losing jobs because of what Trump has done or is doing! We're losing jobs because the left thinks if they can keep the economy floundering until the Fall that they can get a senile old idiot named Joe Biden elected President of the United States!

 

[basquebromance]

the earth is a living organism, full of live-giving powers but also wrathful tempers

beware of the wrath of the corona, my friends!

 

[Nostra]

 

[JoeB131]

China did cause it as you continue to ignore its impact worldwide and the role China and co-conspirator UN/WHO played in hiding real stats. But, should you get your wish and Trump is out come January, you can’t point to what /how Democrats and Biden will do better.

Actually, they'll do what the Democrats always do. Clean up Republican fuckups.

The intel community warned Trump of the danger back in December. He ignored it. If he took Xi's word for it, shame on him.

Trump is now trying to get our economy working again and Democrats are resisting that in every State that they control! We're not losing jobs because of what Trump has done or is doing! We're losing jobs because the left thinks if they can keep the economy floundering until the Fall that they can get a senile old idiot named Joe Biden elected President of the United States!

Actually, the economy was heading into recession before this thing hit. It didn't hit until late march, but economic growth for Q1 was -4.4%. It'll be closer to -10% for Q2.

We're losing jobs because the retail Apocalypse was accelerated by Covid-19, but it was already a problem before Covid.

 

[JoeB131]

That simply proves how utterly contemptuous the Chinese really are! They let the rest of the world get infected with the virus that started in Wu Han and then portray themselves as the "good guys" because they send help to the countries that they've devastated?

How did they make the west ignore the problem and do things that were dangerous. The thing is, the reason why this hasn't exploded in Asian countries (Not just China but also Japan and S. Korea) was because they practice control methods. Europe, not so much, and Trump just pretty much has been giving people shitty advice from day one.

At least he isn't telling people to drink bleach and fish tank cleaner anymore. So I guess that's progress. He's still trying to reopen the country before we have this under control.

While the US and other nations are working feverishly to come up with medical solutions to the Covid 19 virus...the Chinese are working feverishly to hack into communications between medical researchers so that they can steal whatever the rest of the world's scientists come up with! This should show the rest of the world just how sleazy the Chinese are. They don't care about anyone but themselves.

Americans have no place lecturing anyone on selfishiness.