It's the Economy Stoopid

[Anonymous]

Anonymous wrote:

Anonymous wrote:Using Jim Carvilles own words, its the economy that will determine who is elected. Up until March the Economy was humming, dropped like a rock and mostly recovered. First it was RUSSSIA, then IMPEACHMENT, China Virus and now Race. All of those are distractions and by November the Economy will be determining factor.

It is the economy.

We have almost 20 million unemployed.
We have a -6.5% GDP growth (ie contraction)
We have trillions in new debt and deficit spending out the wazoo.

Yes, the stock market is up from its lows, but the stock market doesn't equal the economy.

We have almost 20 million unemployed, because we ordered businesses to close and paid people to stay home.
We have a -6.5% GDP growth (ie contraction), because we ordered businesses to close and paid people to stay home.
We have trillions in new debt and deficit spending out the wazoo. because we ordered businesses to close and paid people to stay home.

[Anonymous]

Anonymous wrote:New jobless claims more than double the worst week in history before 2020.

Because we ordered businesses to close and paid people to stay home.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If Trump were a normal President this would be true. But many of us believe that he is severely damaging the U.S. long term, even if the economy is temporarily good. I will not vote for him.

The funny thing is, is that it’s the leftist behavior that is severely damaging the US and being blamed on Trump. Riots and looting, he insists it get under control and these are deemed ‘peaceful’ by the left.

Another cop was shot in the head last night in CA - did you know that?

So far most of the rioting and looting has been proven to be from right wing provacatuers. There are very few arrests from the so called "Antifa" the protesters were protesting while insitagots were setting buildings aflame and breaking windows. I won't be surprised to find out this was a coordinated effort when the dust settles.

Yea, this has illuminated a new understanding of the right-wing to me. I used to think it was predominantly white, and probably white supremacists. But watching the video and reporting, I now understand that there are many African Americans among their ranks.

[Anonymous]

Anonymous wrote:

Anonymous wrote:New jobless claims more than double the worst week in history before 2020.

Because we ordered businesses to close and paid people to stay home.

No. Because we have an idiot for a president that didn’t want to prepare and get ahead of a pandemic. We still don’t have testing where is needs to be. We aren’t doing robust tracing.
So... yep businesses had to close. That’s what happens when you have a failure of leadership from the executive branch.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If Trump were a normal President this would be true. But many of us believe that he is severely damaging the U.S. long term, even if the economy is temporarily good. I will not vote for him.

The funny thing is, is that it’s the leftist behavior that is severely damaging the US and being blamed on Trump. Riots and looting, he insists it get under control and these are deemed ‘peaceful’ by the left.

Another cop was shot in the head last night in CA - did you know that?

So far most of the rioting and looting has been proven to be from right wing provacatuers. There are very few arrests from the so called "Antifa" the protesters were protesting while insitagots were setting buildings aflame and breaking windows. I won't be surprised to find out this was a coordinated effort when the dust settles.

Yea, this has illuminated a new understanding of the right-wing to me. I used to think it was predominantly white, and probably white supremacists. But watching the video and reporting, I now understand that there are many African Americans among their ranks.

The actual video and arrests of people setting fires and breaking windows are of right wingers, mostly white people. Yes, a lot of people then looted, all colors.

[Anonymous]

Anonymous wrote:1.5 million more Americans filed for unemployment this week.

While continuing claims dropped again another week to 20 million. Slowly but surely it's coming back.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Using Jim Carvilles own words, its the economy that will determine who is elected. Up until March the Economy was humming, dropped like a rock and mostly recovered. First it was RUSSSIA, then IMPEACHMENT, China Virus and now Race. All of those are distractions and by November the Economy will be determining factor.

It is the economy.

We have almost 20 million unemployed.
We have a -6.5% GDP growth (ie contraction)
We have trillions in new debt and deficit spending out the wazoo.

Yes, the stock market is up from its lows, but the stock market doesn't equal the economy.

We have almost 20 million unemployed, because we ordered businesses to close and paid people to stay home.
We have a -6.5% GDP growth (ie contraction), because we ordered businesses to close and paid people to stay home.
We have trillions in new debt and deficit spending out the wazoo. because we ordered businesses to close and paid people to stay home.

And these were ordered because the President failed to otherwise prepare for a pandemic. The business were already suffering. The Fed showed that the recession started in February. Trump didn't acknowledge the pandemic until March and it is June and we still don't have the testing and tracing protocols in place. Without that, the public generally doesn't feel safe to travel, to eat at restaurants or to ride elevators in office buildings. Solve or address the virus and the economy can rebound. Somehow a myraid of other countries have been able to do this. it just exposes how horrible a leader Trump is.

[Anonymous]

Anonymous wrote:

Anonymous wrote:1.5 million more Americans filed for unemployment this week.

While continuing claims dropped again another week to 20 million. Slowly but surely it's coming back.

Part of the economy, sure. Travel, tourism, convention, hospitality will be in recession until there is a vaccine. That is a lot of jobs, Also, there is very little discretionary income right now and GDP is in recession - contraction.

[Anonymous]

Anonymous wrote:

Anonymous wrote:New jobless claims more than double the worst week in history before 2020.

Because we ordered businesses to close and paid people to stay home.

So did Japan and South Korea. Do they also have economic meltdowns?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Using Jim Carvilles own words, its the economy that will determine who is elected. Up until March the Economy was humming, dropped like a rock and mostly recovered. First it was RUSSSIA, then IMPEACHMENT, China Virus and now Race. All of those are distractions and by November the Economy will be determining factor.

It is the economy.

We have almost 20 million unemployed.
We have a -6.5% GDP growth (ie contraction)
We have trillions in new debt and deficit spending out the wazoo.

Yes, the stock market is up from its lows, but the stock market doesn't equal the economy.

We have almost 20 million unemployed, because we ordered businesses to close and paid people to stay home.
We have a -6.5% GDP growth (ie contraction), because we ordered businesses to close and paid people to stay home.
We have trillions in new debt and deficit spending out the wazoo. because we ordered businesses to close and paid people to stay home.

And these were ordered because the President failed to otherwise prepare for a pandemic. The business were already suffering. The Fed showed that the recession started in February. Trump didn't acknowledge the pandemic until March and it is June and we still don't have the testing and tracing protocols in place. Without that, the public generally doesn't feel safe to travel, to eat at restaurants or to ride elevators in office buildings. Solve or address the virus and the economy can rebound. Somehow a myraid of other countries have been able to do this. it just exposes how horrible a leader Trump is.

I'd love to hear how you would "solve" the virus. Should we be like China and just weld people shut in their homes?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:New jobless claims more than double the worst week in history before 2020.

Because we ordered businesses to close and paid people to stay home.

So did Japan and South Korea. Do they also have economic meltdowns?

You need to show your work that Japan and South Korea had the same degree of shutdown as experienced in the US.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:New jobless claims more than double the worst week in history before 2020.

Because we ordered businesses to close and paid people to stay home.

So did Japan and South Korea. Do they also have economic meltdowns?

You need to show your work that Japan and South Korea had the same degree of shutdown as experienced in the US.

They didn’t have to, because they were better prepared for the pandemic with testing and contact tracing.

[Anonymous]

The thread title is "It's the Economy Stoopid". The economy can rebound, but if I can't go to the gym or to school or on vacation, the economy is not my number one concern when voting. I'm trapped in my house and afraid to go out. My money is not worth squat if I can't use it to do things. It's my freedom stupid. This is why we are opening back up despite the virus. Let's see how it goes. It's not the flu. Wish it were the flu.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2.5 million new jobs in May vs concensus from the economists at -8 million.

Stock market at new highs

Lowest and cheapest debt ever

I think you missed the correction on that jobs report.

Negative, I think you missed the connection of our robust economy and the left's attempt to ignore it.

I think you meant the left’s attempt to destroy it. Because that’s what happened.

And Major League Baseball owners - “the left.”

And of course that notoriously pinko organization Nascar

[Anonymous]

Anonymous wrote:

Anonymous wrote:1.5 million more Americans filed for unemployment this week.

While continuing claims dropped again another week to 20 million. Slowly but surely it's coming back.

As PPP funds run out, businesses will likely be making difficult decisions about their staff. We're in that position, having had about a dozen people sit completely idle, as our clients have not opened or are scaling back expected projects. We have been able to keep people on board with PPP loan, but that runs out in a couple of weeks.