Latest Coronavirus - Yikes

#52,353
#52,353
Hunerwadel said:
The idiot is petty spot on. Not only did the big corporations need immediate relief about half of American families couldn't make it a month without a paycheck. That's two signs that our economy wasn't what it should to be. Not knocking just Trump's economy. It has been the same since the 60's. In the 50s and 60s when I grew up one and occasionally two parents were working, buying a house and sending their children to college and still saving a little money. All of that really started to change with Reaganomics.
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Our economy has nothing to do with how people manage their money. Most people live paycheck to paycheck because if it’s in their pocket they spend it. There’s people at our work that don’t even do the company 401k match, it’s free money but that would mean they can’t spend it on whatever new trash they found of Facebook market. I don’t even talk to people at work about stocks because they think it’s some dark art that 1% of the country owns. They were selling **** in their retirement accounts in March “to find something making money”. Brilliant.
 
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#52,355
#52,355
Hunerwadel said:
The idiot is petty spot on. Not only did the big corporations need immediate relief about half of American families couldn't make it a month without a paycheck. That's two signs that our economy wasn't what it should to be. Not knocking just Trump's economy. It has been the same since the 70's. In the 50s and 60s when I grew up one and occasionally two parents were working, buying a house and sending their children to college and still saving a little money. All of that really started to change with Reaganomics.
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It started to change with the creation of massive amounts of government waste and fraud, the creation of the welfare state, and the price inflation of the 60s/70s due to poor economic policies.
 
#52,356
#52,356
DancingOutlaw said:
Our economy has nothing to do with how people manage their money. Most people live paycheck to paycheck because if it’s in their pocket they spend it. There’s people at our work that don’t even do the company 401k match, it’s free money but that would mean they can’t spend it on whatever new trash they found of Facebook market. I don’t even talk to people at work about stocks because they think it’s some dark art that 1% of the country owns. They were selling **** in their retirement accounts in March “to find something making money”. Brilliant.
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This. Just because people are dumb doesnt mean there is a bad economy.
 
#52,357
#52,357
Franklin Pierce said:
Governor Cuomo Says Medical Workers Who Voluntarily Traveled To New York Must Pay State Income Tax

Health care workers that traveled from across the country to volunteer to help fight New York’s coronavirus outbreak will have to pay state taxes, Democratic Gov. Andrew Cuomo announced according to PIX 11.

In a Tuesday news conference, Cuomo said the state isn’t “in a position to provide any subsidies right now because we have a $13 billion deficit,” PIX 11 reported.

Governor Cuomo Says Medical Workers Who Voluntarily Traveled To New York Must Pay State Income Tax
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I'm no fan of any Cuomo but let's remember a few things here. One is that by definition, folks who are getting paid are NOT volunteers. Secondly NY is in no position to start the game of not collecting income taxes. They need all they can get. Therefore they should pay a very generous base pay. Thirdly, nobody should go to work in NY and not expect hefty taxes and other expenses.

Something I haven't seen covered in the media, what's being done to house and feed these out of town health care workers?
 
#52,358
#52,358
DancingOutlaw said:
Our economy has nothing to do with how people manage their money. Most people live paycheck to paycheck because if it’s in their pocket they spend it. There’s people at our work that don’t even do the company 401k match, it’s free money but that would mean they can’t spend it on whatever new trash they found of Facebook market. I don’t even talk to people at work about stocks because they think it’s some dark art that 1% of the country owns. They were selling **** in their retirement accounts in March “to find something making money”. Brilliant.
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It is a poor habit that many Americans have developed and cannot break.
 
#52,359
#52,359
lawgator1 said:
Re-posted by a friend. Ignore the arrows and color coding. The words ring true.

95296141_153999622764746_3508121741115260928_o.jpg
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Side note: Weren’t you talking about your law firm applying for bail out money?
 
#52,361
#52,361
Hunerwadel said:
The idiot is petty spot on. Not only did the big corporations need immediate relief about half of American families couldn't make it a month without a paycheck. That's two signs that our economy wasn't what it should to be. Not knocking just Trump's economy. It has been the same since the 70's. In the 50s and 60s when I grew up one and occasionally two parents were working, buying a house and sending their children to college and still saving a little money. All of that really started to change with Reaganomics.
Click to expand...

The 70s was a horrible decade economically. No one had money to spend let alone save. The stock market was pretty much stagnant for the entire ten yrs. It sucked. Things got much better in the 80s. Stocks started to build savings for many Americans and tax cuts put more money in worker's pockets
 
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#52,362
#52,362
DancingOutlaw said:
Our economy has nothing to do with how people manage their money. Most people live paycheck to paycheck because if it’s in their pocket they spend it. There’s people at our work that don’t even do the company 401k match, it’s free money but that would mean they can’t spend it on whatever new trash they found of Facebook market. I don’t even talk to people at work about stocks because they think it’s some dark art that 1% of the country owns. They were selling **** in their retirement accounts in March “to find something making money”. Brilliant.
Click to expand...
I knew that was coming and some do fail to manage their money, but not most as you claim. Most working class Americans make just about enough to get by on. Any bad luck at all can wipe them out. Wages are too low and the corporations and top few percent are hoarding the wealth. Our economy is has not been what it appears. Everyone working but only half getting ahead is failure.
 
#52,363
#52,363
allvol123 said:
States with best CFR

South Dakota. 0.88%
Utah. 1.03 %
WY. 1.16%
NE. 1.27%
TN. 1.65%

TN is literally doing a kick ass job given the states we are grouped with. Low populations in massive land size.

Worst states

MI. 9.41% (gretchen sucks)
CT. 8.6%
NY. 7.63%
LA. 7.05%
IN. 6.30 %


So is this just a result of these states doing terrible testing? Terrible Healthcare? Mislabeling deaths?
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TN and IN are roughly the same demographically. That is a pretty big variance in the two...
 
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#52,364
#52,364
Hunerwadel said:
I knew that was coming and some do fail to manage their money, but not most as you claim. Most working class Americans make just about enough to get by on. Any bad luck at all can wipe them out. Wages are too low and the corporations and top few percent are hoarding the wealth. Our economy is has not been what it appears. Everyone working but only half getting ahead is failure.
Click to expand...
I would say that most of what you said here is true.

Unfortunately, I think me and you would differ on how to fix the problem.
 
#52,365
#52,365
Sea Ray said:
The 70s was a horrible decade economically. No one had money to spend let alone save. The stock market was pretty much stagnant for the entire ten yrs. It sucked. Things got much better in the 80s. Stocks started to build savings for many Americans and tax cuts put more money in worker's pockets
Click to expand...

20% interest rates, inflation out of control, no economic growth (stagflation). Great times. Your fault Mr Reagan.
 
#52,366
#52,366
Hunerwadel said:
The idiot is petty spot on. Not only did the big corporations need immediate relief about half of American families couldn't make it a month without a paycheck. That's two signs that our economy wasn't what it should to be. Not knocking just Trump's economy. It has been the same since the 70's. In the 50s and 60s when I grew up one and occasionally two parents were working, buying a house and sending their children to college and still saving a little money. All of that really started to change with Reaganomics.
Click to expand...
Do you think the fact that we are now primarily a service economy has anything to do with it?
 
#52,373
#52,373
RockyTop85 said:
LOL! Remember this statement the next time you’re tempted to lose your mind over being reminded that you don’t have enough credibility to be taken seriously.
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The statement refers to Amash characterizing Barr as a lying, Trump flunky, apparently unconcerned with the constitution or rule of law.

My credibility problem exists in your head, so I'm not too worried...yawn.

Here, Justin addresses the assembled for the crusader's Neighing Truth to Power rally:
iu
 
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#52,375
#52,375
Hunerwadel said:
I knew that was coming and some do fail to manage their money, but not most as you claim. Most working class Americans make just about enough to get by on. Any bad luck at all can wipe them out. Wages are too low and the corporations and top few percent are hoarding the wealth. Our economy is has not been what it appears. Everyone working but only half getting ahead is failure.
Click to expand...
I was able to save money under the poverty line in 2013 in Atlanta.

There are more people who dont do the work to lift themselves out of poverty than there are those who literally cant.

Go watch Idiocracy it breaks down the situation perfectly. The dumb poor redneck has ten kids and a crap job. The rich educated yuppies have good jobs and no kids. Hard to blame "the system" for life choices individuals make.

Wealth isnt a finite number. No amount of hoarding by some will limit others under our system.
 
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