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Apr 25 2020 08:35pm
Quote (Thor123422 @ 26 Apr 2020 03:11)
The fact that it took a literal pandemic for you to start to see Trump's terrible leadership is proof enough of that.


This pandemic has dramatically increased the importance of very specific qualities, like clear communication and acting preemptively, which happen to not be Trump's strong suit.

To name an example of better leadership by him, look at how he handled the Iran situation in December/January: He managed to withstand the pressure from within his administration and certain circles in Washington to get dragged into a larger war with Iran. Instead, he opted for a measured, surgical drone strikie taking out a supremely important figure in Soleimani, which is a success in and of itself. He made the right call in betting on the Iranians not having the resources and strength to retaliate meaningfully against his assassination. And it sent a clear message to Iran to not mess with the US too much.

Or take the Kavanaugh situation: it would have been far easier to replace him with a dfferent nominee, and there reportedly was some pressure within Republican circles on Capitol Hill behind the scenes. Instead, Trump decided to stick with him. In the end, he got the nomination he wanted and also made a huge stand for the principle of "innocent until proven guilty", a huge stand against the idea that even uncorroborated accusations of sexual misconduct shall be enough to ruin a man's career.
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Apr 25 2020 09:06pm
Quote (Black XistenZ @ Apr 25 2020 09:35pm)
This pandemic has dramatically increased the importance of very specific qualities, like clear communication and acting preemptively, which happen to not be Trump's strong suit.


Bull. Fucking. Shit.

These qualities are always important in a leader, not only because you don't get to choose when disasters happen and therefore your leader needs to be capable of these things regardless of if you are currently in a disaster, but he's also fucked up a ton of things in his administration already by not having these things. For example, we now don't get nearly as much military information from Israel or Great Britain as we used to because Trump has both directly leaked secrets to Putin and because he's tweeted things like satellite pictures that revealed top secret military capabilities that our enemies didn't know we had.

You're praising his leadership for carrying out a drone strike instead of getting into a war with Iran? Really? That's the bare minimum of military competence. Or are you one of the "Hillary will definitely have us go to war with Russia" types as well?

As for Kavanaugh, he really should have replaced Kavanaugh. Not because of any accusations, but because he did not display a temperament befitting the highest court in the land during the hearings about the subject. The supreme court is probably the one office we should hold to an even higher standard than the presidency.




Honestly, this post is just a great example of exactly what I was saying. You go out of your way to find accomplishments for Trump and downplay his poor qualities.

This post was edited by Thor123422 on Apr 25 2020 09:07pm
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Apr 25 2020 09:08pm
Quote (Thor123422 @ Apr 25 2020 11:06pm)
Bull. Fucking. Shit.

These qualities are always important in a leader, not only because you don't get to choose when disasters happen and therefore your leader needs to be capable of these things regardless of if you are currently in a disaster, but he's also fucked up a ton of things in his administration already by not having these things. For example, we now don't get nearly as much military information from Israel or Great Britain as we used to because Trump has both directly leaked secrets to Putin and because he's tweeted things like satellite pictures that revealed top secret military capabilities that our enemies didn't know we had.

You're praising his leadership for carrying out a drone strike instead of getting into a war with Iran? Really? That's the bare minimum of military competence. Or are you one of the "Hillary will definitely have us go to war with Russia" types as well?

As for Kavanaugh, he really should have replaced Kavanaugh. Not because of any accusations, but because he did not display a temperament befitting the highest court in the land during the hearings about the subject. The supreme court is probably the one office we should hold to an even higher standard than the presidency.




Honestly, this post is just a great example of exactly what I was saying. You go out of your way to find accomplishments for Trump and downplay his poor qualities.


The world would fucking be on fire if Biden was at the helm. You have no perspective let alone a grasp on reality.
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Apr 25 2020 09:10pm
Quote (EndlessSky @ Apr 25 2020 10:08pm)
The world would fucking be on fire if Biden was at the helm. You have no perspective let alone a grasp on reality.


And you're a diabetic incel.
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Apr 25 2020 09:34pm
Quote (Thor123422 @ Apr 25 2020 11:10pm)
And you're a diabetic incel.


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Apr 25 2020 09:48pm
Quote (Black XistenZ @ Apr 25 2020 10:35pm)
This pandemic has dramatically increased the importance of very specific qualities, like clear communication and acting preemptively, which happen to not be Trump's strong suit.

To name an example of better leadership by him, look at how he handled the Iran situation in December/January: He managed to withstand the pressure from within his administration and certain circles in Washington to get dragged into a larger war with Iran. Instead, he opted for a measured, surgical drone strikie taking out a supremely important figure in Soleimani, which is a success in and of itself. He made the right call in betting on the Iranians not having the resources and strength to retaliate meaningfully against his assassination. And it sent a clear message to Iran to not mess with the US too much.

Or take the Kavanaugh situation: it would have been far easier to replace him with a dfferent nominee, and there reportedly was some pressure within Republican circles on Capitol Hill behind the scenes. Instead, Trump decided to stick with him. In the end, he got the nomination he wanted and also made a huge stand for the principle of "innocent until proven guilty", a huge stand against the idea that even uncorroborated accusations of sexual misconduct shall be enough to ruin a man's career.


According to reporting the Soleimani strike was an extreme option presented by the Pentagon with the intent to sway Trump towards other choices. I don't have strong feelings about the decision either way, but it wasn't some brilliant example of leadership. And there's always voices in Washington calling for war with Iran... but most Republicans and Democrats don't want that.

HW Bush didn't abandon Clarence Thomas after a credible accusation of wrongdoing. The "Republicans don't fight" talking point is one of the silliest justifications for Trump, because it's just not true. Republicans under Obama fought him all the time. It's more of a visceral need that Trump supporters have for the Dear Leader to be cruel and nasty to the opposition. See Adam Serwer's "The Cruelty Is The Point" article.

Trump's not a leader... he's a campaigner, pundit, and entertainer.
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Apr 26 2020 04:53pm
Very good piece by The Economist on coronavirus GDP forecasts for European countries. It's behind a paywall so I've summarised it here:

https://www.economist.com/finance-and-economics/2020/04/16/how-deep-will-downturns-in-rich-countries-be



Quote
Lockdowns will slam countries that depend on labour-intensive activities. Those with large construction sectors, such as many central European countries, look vulnerable. So do those that rely on tourism—it accounts for one in eight non-financial jobs in southern Europe. Conversely, those with large mining industries, which require less labour, may do better.

Industrial structure also influences the share of people who can work from home, and thus dodge the worst disruption of the lockdowns. In a paper published on April 10th Jonathan Dingel and Brent Neiman of the University of Chicago estimate that fully 45% of jobs in Switzerland could plausibly be done from home. Many Swiss work in industries, such as finance, where all they really need to do their job is a laptop. Others elsewhere do not have this luxury. Less than a third of jobs in Slovakia, a big manufacturing hub, can be performed remotely; home working is also difficult in southern Europe. Research by Indeed, a job-search website, and Ireland’s central bank finds that since the pandemic began, countries where home working is less prevalent have seen bigger falls in the number of online job advertisements.


Quote
The shape of the corporate sector is the second consideration. Economies with a large share of small firms are more likely to be scarred by long shutdowns. Minnows tend to have few if any cash buffers, making it hard for them to survive a drought in revenues. A survey by researchers at the University of Chicago, Harvard University and the University of Illinois finds that a quarter of small firms in America do not have enough cash on hand to last even a month. Nearly half of Italians and Australians work for firms with fewer than ten employees, compared with a fifth in Britain and an even lower share in America.


US, UK and Germany look in decent shape and may only lose 6% of GDP this year, compared to 8 - 8.5% for poorer European states.
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Apr 26 2020 05:25pm
Quote (dro94 @ 26 Apr 2020 18:53)
Very good piece by The Economist on coronavirus GDP forecasts for European countries. It's behind a paywall so I've summarised it here:

https://www.economist.com/finance-and-economics/2020/04/16/how-deep-will-downturns-in-rich-countries-be

https://imgur.com/VeyZK5m.jpg





US, UK and Germany look in decent shape and may only lose 6% of GDP this year, compared to 8 - 8.5% for poorer European states.

it would be impressive if this is attained, given how far-reaching the shutdown has been worldwide
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Apr 26 2020 05:59pm
Quote (dro94 @ 27 Apr 2020 00:53)
Very good piece by The Economist on coronavirus GDP forecasts for European countries. It's behind a paywall so I've summarised it here:

https://www.economist.com/finance-and-economics/2020/04/16/how-deep-will-downturns-in-rich-countries-be

https://imgur.com/VeyZK5m.jpg

US, UK and Germany look in decent shape and may only lose 6% of GDP this year, compared to 8 - 8.5% for poorer European states.


Good summary, thanks for posting it!

I'm not so sure that Germany is in decent shape. We have a large sector of small- and medium-size firms, and our economy is very export-oriented. If the whole world economy is going through a downturn all at once, this should hurt our export companies a ton. Also, fiscal stimulus only goes so far to stabilize demand in foreign markets. Like... if the US or UK government take a lot of debt to stablize their domestic consumption, this has a stronger stabilizing effect on the respective economies than if the German government did the same, simply because a lot of our most important markets wont be able to avoid the bottom falling out.



My personal theory is that the economic curve of the crisis will end up looking like a mirrored square root sign: a sharp recession, followed by a sharp recovery which, however, doesnt get back up to the pre-crisis level.


Quote (excellence @ 27 Apr 2020 01:25)
it would be impressive if this is attained, given how far-reaching the shutdown has been worldwide


If the lockdowns can be loosened and the economies start running again over the course of May and June, then a lot of the missed production and consumption can be caught up. The bigger problem that I see is that tourism, sports, entertainment and live event industries will keep hurting a ton, and the longer-lasting loss of income and economic activity in these sectors will dampen the entire economy through falling demand/disposable incomes.

In the intermediate term, in 2-3 years, we might run into a massive issue with public debt and inflation.
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Apr 26 2020 06:02pm
Quote (excellence @ Apr 27 2020 12:25am)
it would be impressive if this is attained, given how far-reaching the shutdown has been worldwide


Most of the models are operating under the assumption that Q1 is low growth +0.5%, Q2 -30%, then Q3 and Q4 pick up again significantly but not quite back to pre corona levels. Annualised that puts GDP growth in the -6-8% range for most countries, but the IMF are already saying those estimates could be optimistic
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