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Mar 24 2020 06:10pm
Quote (Black XistenZ @ Mar 24 2020 07:57pm)
Oof indeed.




It is indeed a big question mark to me why neither the Obama administration nor the Trump administration have cared about the national strategic reserve...
Normally, the Obama admin was on top of things when it comes to issues of disaster preparedness.


Trump is in charge now and it is obvious he can't be trusted with these decisions. It's amazing you people keep listening to and are supportive of dunce cap.
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Mar 24 2020 06:10pm
Quote (Black XistenZ @ Mar 24 2020 08:08pm)


I am, however, totally in favor of super strict regulations for companies which get bailed out by the government: strict caps on C-suite compensation, no dividends, strict standards for the preservation of jobs; and the government has to get stock from these companies in exchange for the government loans.


You have a better chance at winning the lottery. But I agree completely.
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Mar 24 2020 06:19pm


Just from the other things the Dems tried to tack on to the stimulus package, I would assume they don't want large company bailout oversight to make sure the funds are used properly, but to have oversight to decide which companies get the bailout.
HUGE difference.
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Mar 24 2020 06:22pm
Quote (Ghot @ Mar 24 2020 07:19pm)
Just from the other things the Dems tried to tack on to the stimulus package, I would assume they don't want large company bailout oversight to make sure the funds are used properly, but to have oversight to decide which companies get the bailout.
HUGE difference.


What are the limits on who gets it? In principle thats fine if the company is healthy or not particularly affected by the current situation.
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Mar 24 2020 06:24pm
Quote (fender @ 25 Mar 2020 01:09)


super low IQ take.

yes, for the moment, the economic costs wont lead to casualty numbers higher than what the coronavirus would cause if left unchecked. for now, the shutdowns are the right approach.


but this state of affairs cant be kept up for too long before the economic devastations of the shutdown become so ginormous that the tradeoff becomes less clear. for now, we can try to soldier through this for a while and hope that the infection chains get interrupted and we get this virus under control, to the point where extensive and preemptive testing coupled with strict quarantines for positives can keep it at bay while we reopen society. that's basically the approach most countries are taking at the moment.



if this approach fails, however, we will very quickly get into a situation where we have to make horrible and impossible choices, where we will indeed have to weigh money and jobs against human life. would 1m lives, mostly of people who are nearing the end of their lifespan anyway, really be worth the loss of ten million of jobs and $5 trillions in wealth? What if its 30m jobs and $15 trillion? And would be able to sustain basic welfare and healthcare in these scenarios? If not, how many casualties would that cause?


if things go badly, we will get into a situation where we (or rather our political leaders) will have to make this impossible decision between human lives and economic fallout, no matter how unethical and inhumane it is and how much it goes against human rights and our values.



Trump might be an insensitive and selfish fool, and he's raising this question of when to reopen out of the wrong motivation (save his reelection), but it is nonetheless the right, the inevitable question. All world leaders are currently asking themselves these questions and analyzing those scenarios, and anyone thinking otherwise is a complete and utter fool. Unlike Trump, they are smart enough to stay silent and keep those considerations private.

This post was edited by Black XistenZ on Mar 24 2020 06:27pm
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Mar 24 2020 06:27pm
Quote (Thor123422 @ Mar 24 2020 08:22pm)
What are the limits on who gets it? In principle thats fine if the company is healthy or not particularly affected by the current situation.




The Dems don't give a fuck about the people dying from CV 19. They DO care about things like funding solar and wind. I assume this is because they... invested in them or took payoffs.
I can see no other reason they even had the gall to try to attach those conditions to the stimulus package anyways.

On one hand have we have people dying, on the other we have the Dems stalling the bill to get solar and wind goodies for those types of companies.

The companies that should get a bailout are those that will help crush CV 19.

This post was edited by Ghot on Mar 24 2020 06:28pm
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Mar 24 2020 06:27pm
Quote (Black XistenZ @ 24 Mar 2020 20:24)
super low IQ take.

yes, for the moment, the economic costs wont lead to casualty numbers higher than what the coronavirus would cause if left unchecked. for now, the shutdowns are the right approach.


but this state of affairs cant be kept up for too long before the economic devastations of the shutdown become so ginormous that the tradeoff becomes less clear. for now, we can try to soldier through this for a while and hope that the infection chains get interrupted and we get this virus under control, to the point where extensive and preemptive testing coupled with strict quarantines for positives can keep it at bay while we reopen society. that's basically the approach most countries are taking at the moment.



if this approach fails, however, we will very quickly get into a situation where we have to make horrible and impossible choices, where we will indeed have to weigh money and jobs against human life. would 1m lives, mostly of people who are nearing the end of their lifespan anyway, really be worth the loss of ten million of jobs and $5 trillions in wealth? What if its 30m jobs and $15 trillion? And would be able to sustain basic welfare and healthcare in these scenarios? If not, how many casualties would that cause?


if things go badly, we will get into a situation where we (or rather our political leaders) will have to make this impossible decision between human lives and economic fallout, no matter how unethical and inhumane it is and how much it goes against human rights and our values.



Trump might be an insensitive and selfish fool, and he's raising this question of when to reopen out of the wrong motivation (save his reelection), but it is nonetheless the right, the inevitable question. All world leaders are currently asking themselves these questions and thinking through those scenarios, and anyone thinking otherwise is a complete and utter fool.

you can stop the one-way trains, but that will stop the final solution

heinrich: trains go vrrrrrrooooom

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Mar 24 2020 06:29pm
Quote (Arsenic_Touch @ 25 Mar 2020 01:10)
You have a better chance at winning the lottery. But I agree completely.


They have two options really: go bankrupt, or stay in business and accept those conditions for a limited timeframe.
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Mar 24 2020 06:33pm
Quote (Ghot @ Mar 24 2020 07:27pm)
The Dems don't give a fuck about the people dying from CV 19. They DO care about things like funding solar and wind. I assume this is because they... invested in them or took payoffs.
I can see no other reason they even had the gall to try to attach those conditions to the stimulus package anyways.

On one hand have we have people dying, on the other we have the Dems stalling the bill to get solar and wind goodies for those types of companies.

The companies that should get a bailout are those that will help crush CV 19.


You did not answer my question
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Mar 24 2020 06:36pm
Post #1731... this is what the Dems tried to attach to the stimulus package. NONE are relevant or would aid the halt of this pandemic.


Quote
Strengthens bargaining powers for unions
Increases fuel emissions standards
Expansion of solar and wind tax credits
Bails out the US post office
Bails out student loans
Conducts "risk-limiting audits of results of elections"
Mandates national same-day voter registration
Mandates 15 days early voting and mail-out ballots to all Americans
Mandates pay equity that says gender, racial and ethnic minorities must receive the same pay at companies regardless of whether they perform the same work
Mandates that corporate boards must have forced diversity quotas for gender, race and ethnic identities on both the board and leadership and subcommittees
Expands child care and earned income tax credits that won't apply for a year




/e This is where the Dems heads are at. ANY thing they agree to now...will be in aid of this list above.

This post was edited by Ghot on Mar 24 2020 06:39pm
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