It's almost comical at this point.

Financially? Yes, I retired in my 30s so I'm good for however long it takes. I'm not a libertarian though.

the gov already gave 2T bc the stock market went down a bit for a couple days.

right now they are working on a "bailout" for like 400B. a bailout is my tax dollars an the the tax dollars of my family and friends being stolen and given to billionaires and massive multibillion dollar corporations.

they will fire employees and keep the money for themselves. actually, they will likely just use it to buy stocks and pump the fake value up.

you are a socialist and all of the politicians are socialists. you guys all support stealing and redistributing money and resources. hypocrisy at its finest.

I would suggest you read a book by Naomi Klein called The Shock Doctrine.

basically, these crises are created by capitalism but they also massively benefit the elite ownership class of capitalists.

they result in public money and resources being given from the people to the elites. they result in laws being written or rewritten to benefit them. they create desperation which drives down workers ability to negotiate and forces them to work at depressed wages. they destroy competition by hurting smaller and medium sized businesses the most and either bankrupting them or allowing them to be bought out by cartels.

our economic and political system is truly ****ed up and literally murders millions every year. the deaths from communism cant hold a candle to capitalism. and even the ppl who dont die live a life thats not really worth living. look at how our minimum wage workers live in USA. look at the billions of sweatshop and otherwise exploited workers in India, China, SE Asia. capitalism baby!

lol at retired millenial. You must have stayed away from butt lifts, chevy silverados, and avocado toast. You hold libertarian views to want to allow all parts of the US economy to crash under the weight of the global pandemic. I don't have butt lift stats on hand, but if the government doesn't act appropriately, hundreds of millions will suffer.




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I'll check it out, thanks.

You make assumption after assumption that is wrong. I'm Gen-X.

That's right and when I was a kid we had no TV or car. We'd walk all the way across town to get places and we survived just fine. Most poor people today live in luxury unnecessarily. It's not just poor people and it's not just Americans. Global Debt was over $255 trillion before this crisis.


Not at all. I supported the bank bailouts during the financial crisis. I didn't like that we had to bail them out but the bailouts were absolutely necessary. That is not the case today with the Airline industry. It's certainly not the case with cruise ships. Bailing out the cruise industry is the equivalent of taking a lighter to billions and billions of dollars. It's pure idiocy.

If you're still in your 30s, you're a millennial. The bailouts are necessary now, for the American people. The banks caused the 2008 financial crisis but you were ok with it then but you're not ok with it now when it is the people who need the bailing out in the middle of a global pandemic? So what, we should just let them die bc some of them got buttlifts? Give me a ****ing break.

The airline industry needs to be bailed out, but under certain restrictions. I don't care if the cruise industry goes under.

lol dude supports the bank bailouts but thinks poor people should suffer.

just no critical thinking ability. no ability to think for themselves. just parrot indoctrination.

If the banks were not bailed out the poor would have suffered much more than you can even imagine. Maybe you should take some economics courses and educate yourself a bit.

the stipulation is that it gets nationalized. we create a gov agency to run it without any profit and no billionaire owners and billionaire c-level execs and board.

they want my money? and my moms, dads, brothers, neighbors, friends, colleagues money too. then we get to ****in own it.

bull ****. maybe you should not have ****ing brain worms.

I am so ****ing sick of corporate socialism. I am ****ing sick of wealth transfers to the elites.

Don't pretend like you care about those who are less fortunate. You're more than happy to take their money and bailout the banks to save the economy, but when they are in need, you want them to have nothing. GFY.

Again with these assumptions. I'm not in my 30s.

The airline bailouts are necessary? No. The private sector will save the airlines that are worth saving. The cruise industry bailouts are necessary? Absolutely not, and it seems we are in agreement on this. Many of the cruise ship workers aren't even American. Do the cruise ships even pay America as much in taxes as they do to lobby politicians?

You're mis-characterizing my position because I never told you my position. I simply implied that I don't want to bail out everyone and stated that I don't want to bail out the airlines or the cruise industry. You assumed this meant I'm a libertarian.

Why does the airline industry need to be bailed out? Do you support bailing out the car industry...AGAIN?

Yet, I'm the one here arguing against bailing out big businesses AGAIN.

Take the poors money to bailout the banks? No. I'd say it was my money but in truth all of these bailouts will be paid by future generations. So I guess keep living it up on their money! I didn't like the bank bailouts one bit but it was absolutely necessary. For the record, I also didn't agree with the way it was handled or structured nor did I like that there were so few criminal charges handed out.

I misread your post, I thought you said you were in your 30s.

It's pretty clear where you stand on not helping people live past the next month.

If it's as bad as you think it will be the government won't be able to bailout everyone nor would it even be politically feasible to do so. There will be some money for Americans, small businesses, airlines, Boeing, and I'm sure others but in a worst case scenario there will still be plenty of pain.

I think you have a point about not bailing out the airlines, they could probably just go bankrupt. But they're going to get bailed out either way, and probably without any restrictions.

We need to bailout the people this time, not just to save lives, but to also save the economy. What we currently have planned is not nearly enough and they've added means testing which limits some of those who need this the most. We're looking at an economic crisis several times greater than that of the Great Recession and possibly even a Great Depression.



You speak of lessons from the Great Depression. Who got us out of that mess again?

Note that I don't think this outcome was/is inevitable, Taiwan's economy is doing relatively well because of how they've managed to maintain the virus, not having to resort to full lockdowns. With the current administration, it's looking like we have to prepare for the worst.

Of course, at this time, Taiwan's path is impossible for us with the window for South Korea's path narrowly closing if not gone already. Italy's path is a much more likely scenario but it is highly likely that we may end up even worse than them.

WWII

I don't think Joe Biden is going to support that plan.

You're describing a pretty small subset of the consumer population from what I can tell. Some people always live above their means. They'll always be one day away from the poor house.

The problem is there are many people who do everything right, they educate themselves, learn a skill, work every day and have not way to keep up, let alone get ahead. They may or may not accumulate debt but it doesn't matter. The economy have left many people behind.

I'm curious, do you support a wife/so and family on your retirement or is it just you ? It's very much not the norm to retire in your 30's. You should probably be counting your blessings on that.

The lessons of the Great Depression were lost on us around the time Clinton repealed Glass-Steagall. Although I remember the 'greed is good' 80's and junk bonds so I guess the simple fact is, humans really don't learn.

I don't think he has a plan.

Where's Joe Biden?

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