Economy is an utter shambles (Civil unrest?)

Discussion in 'The Water Cooler' started by toastedbread, May 21, 2020.

  1. toastedbread

    toastedbread Hall of Famer
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    Went out for dinner at an abover average priced restaurant. Only 15% of staff retained. Multiply this by thousands of businesses.

    What happens when the 600 per week is gone and those jobs don't return?

    Edit: who's hiring? Walmart and McD's. Minimum wage only. Or you can work as a slave for Amazon with no bathroom breaks.

    Business is cutting to the bone. It's going to get ugly.

    Edit: and tech companies are firing American workers before H1B. More indentured servitude in the few decent paying jobs. For all his bluster, Trump has done less than 0 to protect American workers. But he kisses Modi's hiney. New Trump tower in Mumbai? Why are we continuing to import workers with 30%+ unemployment. Utter madness.
     
  2. StelioKantos

    StelioKantos Benchwarmer
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    That doesn’t matter.....coronavirus foreva
     
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  3. Lucy01

    Lucy01 All-American
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    I am pretty lucky and landed a job mowing here at the trailer park!
     
  4. mcmurtry66

    mcmurtry66 Junior
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    My office is right next to the courthouse, county offices, loads of restaurants and high rises (for a midwestern city) and we opened back up this past monday: restaurants etc. it is totally dead. like a ghost town. people are permitted to go out but are choosing not to. if things don't change in the coming weeks (not months), i agree it's going to get really ugly.
     
  5. mainway_toys

    mainway_toys All-Big Ten
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    The federal unemployment runs out at the end of July. State unemployment is paltry and limited in length. I believe in Indiana it lasts 39 weeks, meaning right around Xmas there will be nothing coming in for people laid off in March.

    Civil unrest, poverty, homelessness... The true Trump economy.
     
  6. meridian

    meridian Hall of Famer
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    Make sure you don't cut the vegetables!
     
  7. Ladoga

    Ladoga All-Big Ten
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    Indiana State UI last up to a max of 26 weeks. If there is either a federal or state "on indicator" an additional 13 weeks of extended benefits are added.
     
  8. IUJIM

    IUJIM Moderator
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    Your post was fine until it became "all Trump's fault". Do you really think he had done nothing to help the American worker in the first 3 years of office? If so, then you are just as ignorant and delusional as the rest of the left. I have often said there are multiple issues to deride Trump, and they are completely legit, but when you come with that non-sense, you lose all creditably. If you want to pick on the guy, at least make it one of the 100 or so legitimate reasons to do so.
     
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  9. Bulk VanderHuge

    Bulk VanderHuge All-Big Ten
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    It seems as if that is the same argument for every complaint...other than he is crude, needs to stay off twitter, and has ridiculous hair.
     
  10. IUJIM

    IUJIM Moderator
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    From me? or the general public?
     
  11. StelioKantos

    StelioKantos Benchwarmer
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    hes also totally ridiculous and needs to learn when to stfu
     
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  12. toastedbread

    toastedbread Hall of Famer
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    It's 100% correct. No action on OPT. No action on H1B. Expansion of H2b in the middle of a pandemic. Do some research on those programs. They pay zilch in taxes and undercut Americans.

    https://www.google.com/amp/s/www.br...5k-h-2b-foreign-workers-to-take-u-s-jobs/amp/

    USCIS is controlled by big business lobbyists who don't give a rats ass about the American worker.

    These are the facts.

    https://www.breitbart.com/politics/...-36-5m-jobless/amp/?__twitter_impression=true

    Where is the wall we were promised? Another lie. The base eats the red meat. Look at the data.
     
  13. Courtsensetwo

    Courtsensetwo Hall of Famer
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    Useful thread.
     
  14. IUJIM

    IUJIM Moderator
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    I don't know, toasted. I just look at unemployment data, work-force participation, average hourly earnings (wage growth), GDP growth and they all seemed to be doing pretty damn well until COVID. Trump also stood up against China concerning the theft of intellectual property, among other things. No other politician has tackled that at all. I view that as sticking up for the American worker. Maybe you don't. You may not like the manner in which he did it (I, for one, never complained about the tariffs. Had Obama done the same thing, I would not have complained). You can complain all you want about the economy prior to the virus, but but it just tells me that you are not able to distinguish between your hatred for Trump, and something that he might have done a good job with.
     
  15. meridian

    meridian Hall of Famer
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    If he learns when to stfu, he won't be Trump, would he? ;):(
     
    15 meridian, May 21, 2020
    Last edited: May 21, 2020
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  16. toastedbread

    toastedbread Hall of Famer
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    I am talking about something very primordial. How many people are coming in v. how many people are competing for jobs. Trump made campaign promises. He has not kept those. How many miles of new wall have been built? According to wiki, 3 miles of new wall have been constructed. Thats 1 mile per year. Lol! What's the total length of the border again?

    Wage growth is concentrated amongst the lowest professions. Tech wages have stalled.

    And in the moment of greatest catastrophe, this admin does nothing to prevent employment visas while millions of Americans are laid off. Scandalous and unamerican. And why? Because big business wants cheap labor.
     
  17. StelioKantos

    StelioKantos Benchwarmer
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    I’m good with like 90% of his general attitude, but he pushes it too far and just needs to shut it
     
  18. Lucy01

    Lucy01 All-American
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    They taught me when I am trimming to throw the grass out,instead of into the flowers !
     
  19. HillzHoozier

    HillzHoozier All-American
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    Everyone is afraid. Media mission accomplished. Give it some time.
     
  20. HillzHoozier

    HillzHoozier All-American
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    Lolz
     
  21. bawlmer

    bawlmer All-Big Ten
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    To be honest, there is no way around a major hit on restaurants over the next umpteen months. Considering that 60+, overweight people are at high risk, there's no way around an economic hit as those people shelter in place until it's safe to come out.

    If there is one thing I'll mark-up as a Trump success it's that he didn't screw-up the economy. But he ignored the safety net, and now we're in deep crap. Specifically, his single-minded attack on the ACA has left people in states that didn't expand Medicaid eligibility unprotected from medical bankruptcy if they get sick.

    Plus, adding to the federal deficit with personal income tax cuts in the midst of a good economy seems rather reckless today, when any option to keep people from complete poverty will add further to the national debt.
     
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  22. UncleMark

    UncleMark Hall of Famer
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    It's all about the money. The corruption and malfeasance are minor annoyances.
     
  23. Neves

    Neves All-Big Ten
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    It never made sense to me why the Trumplicans thought it was okay to add to the deficit while the economy was humming along. I'm not an expert on government budget deficits, so maybe someone can explain it to me.
     
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  24. Bulk VanderHuge

    Bulk VanderHuge All-Big Ten
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    Because Hillary's emails.
     
  25. Spartans9312

    Spartans9312 Sophomore
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    This budget complaining rings hollow. Look at the votes in the House and Senate on all the budget deals passed during the Trump administration. Now tell me how many Republicans voted no compared to how many Democrats voted no.
     
  26. bawlmer

    bawlmer All-Big Ten
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    Tax cuts are different from annual budget bills. On the former in 2017, 99% of Democrats voted no.
     
  27. T.M.P.

    T.M.P. Hall of Famer
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    dumb
     
  28. toastedbread

    toastedbread Hall of Famer
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    I think people's spending patterns have changed for a very long time. Even the 2/3 that still have jobs.
     
  29. toastedbread

    toastedbread Hall of Famer
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    I don't understand the partisanship. Party labels are just labels. I generally vote (D), though I probably disagree with them a significant plurality of the time. I owe them no allegiance. Another bone with Trump, who in their right mind attempts to purposefully weaken their own currency. I want the strongest dollar possible. I don't want a Venezuela here, which we could spiral into between these ballooning deficits and Trump's efforts to weaken our own currency.
     
  30. TommyCracker

    TommyCracker Hall of Famer
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    I'm actually more concerned about the outrageous paranoia multiplied by the reality altering narcissism.

    That's an awful combination for someone with that much power.

    Are we not aware of our historical world leaders?

    Hell did we not watch game of thrones and understand that the Mad King was not the best leader?
     
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  31. Spartans9312

    Spartans9312 Sophomore
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    So, you've agreed with all the legislation that has passed during this administration besides the tax cut bill?
    I'm always interested to see where folks fall with regards to the votes on particular legislation.
     
  32. StelioKantos

    StelioKantos Benchwarmer
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    chilllll

    only nerds watched that show
     
  33. Marvin the Martian

    Marvin the Martian Hall of Famer
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    Nerds rule the world now. Look how much money comic book movies make. Zuckerberg, Gates, Jobs were all nerds.
     
  34. bawlmer

    bawlmer All-Big Ten
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    The corporate tax cuts were defensible, from what I understand, to bring capital back to the US. But as a general rule there's little in the current Republican agenda I'd support.
     
  35. StelioKantos

    StelioKantos Benchwarmer
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    still nerds
     
  36. Spartans9312

    Spartans9312 Sophomore
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    Ok. So what bills that have passed during this administration have you disagreed with?
    I have a feeling I have disagreed with just as many if not more than you.
     
  37. kurt cloverdales

    kurt cloverdales Redshirt
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    ok its Reagans fault and every pube who held office after him
     
  38. Digressions

    Digressions Sophomore
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    They're probably afraid of all the people walking around without masks.

    Note: I couldn't stop myself. Sorry. I feel dirty ...like, Lucy, dirty.:)
     
  39. bawlmer

    bawlmer All-Big Ten
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    Not many of note, really. The notable bills have been budget compromises and those are a mixed bag. I'm probably forgetting some, though. Even in the 115th Congress when the GOP controlled both chambers they were remarkably unable to pass laws.
     
  40. HillzHoozier

    HillzHoozier All-American
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    I get it.. There is also truth in what you say. People are not shy about correcting and shaming these days. They are also u reasonably scared.

    A guy walked in to pick up his glasses at my wife's office wearing PPE coveralls, surgical mask, gloves and faceshield. I wonder if he was being really, really protective of the opticians, or was he really, really afraid he was gonna catch Covid and die?
     

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