Sniper

That's exactly what "Flattening the Curve" does. It doesn't ELIMINATE the virus, it just SPREADS it out over time, when things reopen. Everyone will either be exposed to it, or catch it.

It will be just the opposite, if dementia Joe wins, he'll double your taxes. ...and that's not even considering what Murphy decides to do to us. NJ, at minimum, has a 9 Billion shortfall, and they passed a 3 month stop gap, to really look at the damage. It will probably be a 18 billion hole, at least. Bend over, wait to see what Murphy and crew do to our tax bills...

Then when you add these unemployment numbers in this chart to the GDP disaster, you get a pretty good picture of where we are. During the last Recession, the highest week claim total was around 650K. In the last few months, we had weeks exceeding 6 million, other weeks exceeding 4 million. It took two years, back then, to hit 10 million unemployed. This meltdown, we hit 40+ million in a little over 2 months. Over 30+ million are still unemployed today. And the weekly numbers have started creeping back up the last two weeks, another 1.4 million today....

That was certainly true for 2017. The DOW went up 6K in one year. The market went nuts, even though he didn't do anything administratively, at that point. But, since the beginning of 2018, it's moved sideways. It's basically at the same level it was at 2-1/2 years ago.

This is true, a Recession was way over due for many years, because the business cycle usually only lasts up to like 8 years. Nothing was fixed after 2008, and the excesses and debt levels were just getting larger. My finance guys couldn't explain why the market kept going, except for the tweaking by the FED. The economy started to head South last Fall, with the Fed help for the overnight Repo market, then the lowering of the Fed Funds rate. So a Recession was already baked in the cake and coming. The WuFlu just helped jump start it, and will probably turn it into a major Depression. Problem is, during the last two recessions, the Fed had some room, as interest rates were in the 5% - 6% range, and they lowered them close to 0% to help stabilize the economy. Now, with rates right near 0%, there's no ammo to juice the market and help it....

But, how many entrepreneurs will be willing to even make that gamble of time, resources and money, when they now see that the government can kill their business indefinitely, with the stroke of a pen and a unconstitutional edict? Based on how I saw businesses screwed over, indiscriminately, there's not enough money in the world to make me start another business. Look what Murphy did to restaurant owners right before the 4th of July. They got screwed.... twice....

The market LOVES that cheap FED printed money being injected into the system. https://fred.stlouisfed.org/series/WALCL

I follow the financial news pretty close everyday, since I've got a lot out there riding in it. I struggle to make heads or tales of the current situation, it's so far out of the average, it's tough to process. There's absolutely no historical past reference to the level of this economic meltdown. The GDP numbers, the 40+ million unemployed, the debt levels, the collapse in retail, the coming eviction and foreclosure wave coming, the current and future bankruptcies, etc.... The cascading effects will make heads explode... There's nothing historically to compare it to, and the ZERO chance we pull out of it. This ship is going down....

Now, this is going to leave a mark.... Holey crap.... ...."Gross domestic product from April to June plunged 32.9% on an annualized basis, according to the Commerce Department’s first reading on the data released Thursday. Economists surveyed by Dow Jones had been looking for a drop of 34.7%. Still, it was the worst drop ever, with the closest previously coming in mid-1921. Neither the Great Depression nor the Great Recession nor any of the more than three dozen economic slumps over the past two centuries have ever caused such a sharp drain over so short a period of time." Can you say "Depression"?

I hear, they taste just like chicken. Can they be cooked in a crockpot?

By the time it gets through court, this situation will be long over. Exactly... nothing will change. When does he decree 5 round mags by Executive Order... you know, to "help" the people?

I believe Murphy did this, after watching everyone hoarding groceries and the panic at the gun shops. He knows after a few weeks, that the natives would get really restless, and social unrest will grow, so he closed down the gun shops, so the pissed off people couldn't use the last few dollars of their credit card lines, to go buy firearms, and go "hunting". But, he forgot, Home Depot is still open for pitchfork and torch sales:

Sort of, but you're also penalized with UE if you're a higher income earner, as there's a top of like $696 weekly UE amount. So, if you work hard, get promoted and be responsible, you get screwed on both fronts. I touched on that in this thread:

They also know that will NEVER happen, so that's why they totally disregard the constitution... because they can.. without pushback.

I agree with that and mentioned it earlier. What happened in 2018 and what's going on NOW for someone can be night and day. To say someone can't get help now, with being laid off or business closed, because they made too much in 2018 is nuts and unfair, considering the level of taxes they paid back then.

Tick Tock, Tick Tock... what will Murphy's response be?

Be careful, don't scratch that red truck..

I guess it would depend on incoming revenues too. If incoming business slows down, for lack of need, how long can they keep employees on the payroll with lower revenues? The bottom line usually wins....

And here is Cuomo's response: ...."New York Gov. Andrew Cuomo said Saturday he does not believe President Donald Trump has the authority to impose a quarantine on New York, New Jersey and parts of Connecticut to stop the spread of the coronavirus. Cuomo said he does not believe that Trump intends to impose a sweeping quarantine of the region but suggested he could sue if the administration did follow through. https://www.cnbc.com/2020/03/28/ny-gov-cuomo-says-trump-has-no-authority-to-impose-quarantine.html So, will other states and people be able to sue Cuomo if they find out the virus was brought into their state by a New Yorker and Cuomo didn't do anything to prevent it?

Well, this really kills the whole "We're going to use the National Guard to deliver food" narrative, doesn't it? ...."Rhode Island plans to send the National Guard out to knock door-to-door in an attempt to hunt down anyone who has arrived in the tiny state from New York City during the coronavirus pandemic. Gov. Gina Raimondo said anyone traveling there from New York will be ordered to undergo a 14-day quarantine and could face fines or even jail time if they’re found to not comply. In Rhode Island, Raimondo maintained she’s within her emergency powers to impose the aggressive measures and said she had consulted with state lawyers. “I know it’s unusual. I know it’s extreme and I know some people disagree with it,” she said. “While the Governor may have the power to suspend some state laws and regulations to address this medical emergency, she cannot suspend the Constitution,” said Steven Brown, the executive director of the ACLU of Rhode Island, in a statement. “Under the Fourth Amendment, having a New York state license plate simply does not, and cannot, constitute ‘probable cause’ to allow police to stop a car and interrogate the driver, no matter how laudable the goal of the stop may be,” Brown added. https://www.foxnews.com/us/rhode-island-hunting-down-new-yorkers-seeking-coronavirus-refuge Ha... like the politicians today really care about the Constitution....

That's what I see, too. With the way this bill got written, even if they lifted the stay-at-home orders, who in the service industry will rush back to work, when getting this windfall?

They seem to want to make more and more of the population dependent on the government... wonder why?

Maybe put her in one of these, to go with her pink gloves:

After the rescue bill was passed on Friday, besides the $1,200 stimulus check, it also includes an additional $600 per week added to UE checks. So, I was doing some back of the envelope calculations, and wondering if this will actually INCREASE layoffs with employers barely hanging on... By adding a additional $600 to the weekly UE check, laid of workers will make MORE than working.... it would be more beneficial for a business owner struggling to stay open, to just fire his employees... Median personal income in the country is like $34k right now, about $653 a week. In NJ, the UE check (about 60%) for that income is about $390 a week. So, on top of that $390, the government will send a ADDITIONAL $600 each week. Talk about a windfall! $990 a week!! It's like hitting the lottery!! So, why would any employer who's business is dead, try to keep anyone on the payroll? He could save tons of money, cut all non-essentials, as they would still get money. Pushing the number up, the maximum UE payment in the state is $696 a week. That would be for people making like $60K a year. Any income higher, the maximum stays the same at $696. So, someone making around $60k a year / $1,200 a week, pretty much stays even ($696 +$600). Are all these employees across the country making under $60K a year (which is tons) looking at a vacation this Monday? That would make the new UE applications next week go nuts....