So, if McConnell bails out the financial sector, does that mean everyone’s 401k will be made whole, too?
This is a national emergency that has adversely effected the American people. We don’t know where this is going yet. New York with it’s restriction on New Rochelle is showing promise. How can the US Senate even think about dumping enormous amounts of money into the markets? None of it makes sense to me. We will see where we are in another week and a half. No one has a crystal ball and the Fed is leading with recent changes. The focus has to be on the people.
What companies on the exchange have gone bankrupt? The losses are completely disproportional to reality. Every consumer focused business has an interactive internet page. Commerce is still occurring. Papa John’s is still delivering pizza. I believe it was all panic selling because there was no leadership.
Saturday, March 21, 2020
This emergency has shown the sincere lack of investment by the USA to such emergencies. FEMA should have invested in "Pandemic Response." The agency should always have a "non-expired" inventory to dispatch into the USA. FEMA should have been able to crack open the warehouses and distribute ventilators, gloves, masks and eye protection.
This lack of preparedness is alarming, to say the least.
There are companies profiting from this national emergency. There is nothing wrong with that so long as it is not price gouging.
Realize, even today without previous preparation that there was a long lead-in that could have brought USA companies into production and/or higher production to serve this emergency. There is no excuse for what is happening today.
March 20, 2020
By Shane Harris, Greg Miller, Josh Dawsey and Ellen Nakashima
U.S. intelligence agencies (click here) were issuing ominous, classified warnings in January and February about the global danger posed by the coronavirus while President Trump and lawmakers played down the threat and failed to take action that might have slowed the spread of the pathogen, according to U.S. officials familiar with spy agency reporting.
The intelligence reports didn’t predict when the virus might land on U.S. shores or recommend particular steps that public health officials should take, issues outside the purview of the intelligence agencies. But they did track the spread of the virus in China, and later in other countries, and warned that Chinese officials appeared to be minimizing the severity of the outbreak.
Taken together, the reports and warnings painted an early picture of a virus that showed the characteristics of a globe-encircling pandemic that could require governments to take swift actions to contain it. But despite that constant flow of reporting, Trump continued publicly and privately to play down the threat the virus posed to Americans. Lawmakers, too, did not grapple with the virus in earnest until this month, as officials scrambled to keep citizens in their homes and hospitals braced for a surge in patients suffering from covid-19, the disease caused by the coronavirus.
This lack of preparedness is alarming, to say the least.
There are companies profiting from this national emergency. There is nothing wrong with that so long as it is not price gouging.
Realize, even today without previous preparation that there was a long lead-in that could have brought USA companies into production and/or higher production to serve this emergency. There is no excuse for what is happening today.
March 20, 2020
By Shane Harris, Greg Miller, Josh Dawsey and Ellen Nakashima
U.S. intelligence agencies (click here) were issuing ominous, classified warnings in January and February about the global danger posed by the coronavirus while President Trump and lawmakers played down the threat and failed to take action that might have slowed the spread of the pathogen, according to U.S. officials familiar with spy agency reporting.
The intelligence reports didn’t predict when the virus might land on U.S. shores or recommend particular steps that public health officials should take, issues outside the purview of the intelligence agencies. But they did track the spread of the virus in China, and later in other countries, and warned that Chinese officials appeared to be minimizing the severity of the outbreak.
Taken together, the reports and warnings painted an early picture of a virus that showed the characteristics of a globe-encircling pandemic that could require governments to take swift actions to contain it. But despite that constant flow of reporting, Trump continued publicly and privately to play down the threat the virus posed to Americans. Lawmakers, too, did not grapple with the virus in earnest until this month, as officials scrambled to keep citizens in their homes and hospitals braced for a surge in patients suffering from covid-19, the disease caused by the coronavirus.
The US Republican Senate has its point of view backward. The people are in need of a WEEKLY check WITHOUT QUALIFICATION except they are out of work.
I do not value a company that has their hands out for a bailout and/or guaranteed loan. If a company is in such bad straights they can't survive this then their fiscal integrity needs to be looked at. What happened to the "Fitness Tes" the financial sector is supposed to be doing?
A weekly check through the existing unemployment system in each state will be far higher than a one time $1200 from the federal government. The federal government needs to be a partner to every state in the way the state needs help.
Americans out of work will have less expense per week because working has an expense including childcare. So, I have no problem with the idea that unemployment per week might be somewhat less than their usual "take-home" pay. The expenses are less and the quality of life higher because there is sold family time.
I see a few things coming out of the "home time." Parents are now spending time with their children and addressing learning together. That is a good thing. People out of work will have the opportunity to sleep and rest. That is also a good thing. Homeowners have time now to conduct repairs and/or exercise decorating ideas that they never had time for before this national emergency.
Americans currently at home have time to rest, reflect and build closeness with other family members. I hope they use this time wisely.
I do not value a company that has their hands out for a bailout and/or guaranteed loan. If a company is in such bad straights they can't survive this then their fiscal integrity needs to be looked at. What happened to the "Fitness Tes" the financial sector is supposed to be doing?
A weekly check through the existing unemployment system in each state will be far higher than a one time $1200 from the federal government. The federal government needs to be a partner to every state in the way the state needs help.
Americans out of work will have less expense per week because working has an expense including childcare. So, I have no problem with the idea that unemployment per week might be somewhat less than their usual "take-home" pay. The expenses are less and the quality of life higher because there is sold family time.
I see a few things coming out of the "home time." Parents are now spending time with their children and addressing learning together. That is a good thing. People out of work will have the opportunity to sleep and rest. That is also a good thing. Homeowners have time now to conduct repairs and/or exercise decorating ideas that they never had time for before this national emergency.
Americans currently at home have time to rest, reflect and build closeness with other family members. I hope they use this time wisely.
Subscribe to:
Posts (Atom)