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This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1302616
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1302616
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Another record set by the Pandemic Paendejo. So much winning I can’t stand it.
Edited as indicated by JacksonHts
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Trump should now be called “The 6 Million Job Loss Man”…
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Can we make it 6,600,001?
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Total so far in the past 3 weeks is just shy of 10% of the total US workforce…
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Luckily Ivanka created 15 million jobs so shoulhave these folks back to work asap. Hope they like making her dresses in a foreign country and making a dollar a dress!
In other republican spending news…
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A mere shadow of what is actually happening. You can take that number and triple it
If people can’t apply , no one knows they’re looking
Places like here in Florida , where Republicans and Voldemort Impersonator Rick Scott purposely broke the Unemployment System to make it
a) difficult to apply
b) offer a pittance ($275 a week)
c) cap it a 12 weeks
All so Florida businesses can save $50 a year
Money Quote from the article
“Everyone we talk to in that office when we ask them what happened tells us, ‘the system was designed to fail,’”
Yes Republican Policy at work
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I have to admit, I am tired of all this winning.
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Fed just announced 2.3 Trillion program to basically support Junk bonds…
Futures rallied on the news…
If there is any sign of loss of confidence in the USD, we run the risk of going Weimar. The only saving grace is that there is literally nowhere else to hide, for now…
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It seems hard to imagine life with no cash.
Until you think about life with no air. Thanks to DeSantis being a Trump toady, Covid-19 will do the honors for more people than it should have been.
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Voters?
Hell, the SENATE will tear Trump limb from limb if that takes place.
Mebbe a phone call to Moscow McConnell that this thing is going from “out of control” to worse.
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Excellent.
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This recession will likely eclipse all others that have occurred since WWII. The question is, will 2021 be as bad as 1933?
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Indeed , Manages to hold press conferences with Trump’s balls in his mouth
If you were here during the election his Trump sucking ads for governor would have made you sicker than Covid-19
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If the markets have been true to form up to this point, there will be a rise in the DOW and other indices on this news. Which only goes to show, the markets have no connection to the people who work in this economy. Someone else is benefiting from all this mayhem in a way we’re not able easily see.
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The Senate, at least the Rs, let that ship sail into the night a long time ago.
Expect more “concern” with a dash of “deeply disturbed”…
As for the Fed, at the rate they are going (not that they have any choice) the average joe will soon be able to go down to the Discount Window and borrow money against the future cash flow of his Unemployment Benefits…
The 2008 crisis took Central Banking to whole new regime, with this crises we are now in uncharted territory…
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And the market will go up up up!
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Futures sold off, but the Fed said, I got your backs and indices are up 1%…
Gold is up $37 or 2.1%…
You can bet the fed is going to spend a lot more in programs to prop things up. During the last crisis the fed spent 16 trillion. Sure, some of that was revolving door money that came back and went back out again.
If the dollar wasn’t the global currency, I’m pretty sure it would be at least 10% lower, if not more.
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They did not really spend $16 trillion, they allowed institutions to borrow against dodgier and dodgier assets…
Once upon a time, the Fed would only lend against US Treasuries, now small business loans held by banks are deemed worthy collateral…
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