Quote (Mangix @ Oct 16 2020 03:42pm)

Its a tough spot for her to be in, but shes handling it fairly well.
Also helps that Trump took blame for it on the most watched twitter account in the world.
So much so that the economy immediately took a nose dive.

At this point in the election cycle it makes zero sense for her to budge an inch when they've already compromised by .8 Trillion and would only be helping the opposition.
1200 isn't saving anyone, especially not more than the collective harm done by having 4 more years of this.

Quote (Helloween7 @ 16 Oct 2020 23:09)

It's not surprising that two very old people that have lived in very specific bubbles have no idea what the general public thinks about XYZ issues.

Covid and Trump's response was really bad for him, like you say, he can cater to his base. But anyone who voted against Hilary and/or for less than 100% loyal reasons has high chances of leaving him. Nothing really big happened in his presidency, but the one major event, he decides that he prefers that his base tells him they love him because you don't need to wear a mask or do anything really was so shortsighted.

These people would've twisted their logic and went into major cognitive dissonance if he told them that shutdowns and mask are a good thing. You can see some of that when you see the reaction of his base to him catching Covid, mental gymnnastics galore. They will never leave him no matter what he does, so having a strong response would've allowed him to keep the ones who aren't dreaming of being dicked by Big T himself. But he just had to watch Fox News everyday telling him how brave he was and he was going to save the economy.

Quote (Black XistenZ @ Oct 16 2020 05:37pm)

I think he was just in denial for too long. He just tried to bury his head in the sand and didnt want it to be true that this pandemic was coming and that it was inevitably gonna shred "his" great, precious economy. The economy was supposed to be the centerpiece of his reelection campaign, and now he would have to recalibrate his entire pitch, on top of presiding over a big fat crisis instead of a big fat boom. He instinctively realized that this coming crisis would be a huge blow to his reelection prospects no matter what, but failed to see the upside that a good handling of this crisis would have for him, and that a botched government response would sink him.

Quote (Bazi @ Oct 16 2020 05:20pm)

I understand it is political and don’t disagree there.

I do disagree with the notion that aid wouldn’t assist. I would strongly argue the opposite that imperfect aid now is better than more effective aid in 3 months. However politics

Ignoring the consumer spending report today which I truly think is a red herring, I think Americans are cash starved and more small business closures will quickly become unsustainable. 1/6 small businesses already closed, and this number will only keep increasing

Quote

Senate Majority Leader Mitch McConnell (R-Ky.) said Thursday that he would not put a potential $1.8 trillion+ deal struck by Democrats and the Trump administration on the Senate floor. "My members think half a trillion dollars, highly targeted is the best way to go," he said.

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"I’m proposing what we think is appropriate," said McConnell when asked about Trump's "Go big or go home!!!" directive on stimulus. McConnell issued a statement on Tuesday saying that the Senate's "first order of business" when it returns on Oct. 19 will be to vote on a $500 billion targeted bill — a quarter of what both the WH and Democrats are proposing.

Quote (Skinned @ Oct 16 2020 01:55pm)

I would like to see any economic argument for republicans that isn't full of fallacies and cognitive distortions, or historical revisionism.

Quote (krackprophet @ Oct 16 2020 10:01pm)

This is easy. Both parties fuck up the economy every time they touch it.

Quote (Thor123422 @ Oct 16 2020 10:04pm)

The philosophy of Democrats is exactly what you should be doing. Things get bad, stimulus, government jobs, etc. Things get good, raise taxes, build infrastructure with the money, support the people. It slows down growth during the good times and stops the crash during the bad times.

Republicans do the opposite. They lower taxes during the good times to further accelerate growth, then when something bad happens the over-stimulated economy has an even harder crash, and when a crash happens they refuse to spend to alleviate the economic problems.

Quote (krackprophet @ Oct 16 2020 10:11pm)

Or stick to anti-trust and stop messing with the market. Spend only on people if necessary during a crisis and let the market work itself out.

Quote (Thor123422 @ Oct 16 2020 10:15pm)

You can do that, but it's very very suboptimal.