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Sun Mar 29, 2020, 02:45 AM

We're fighting the last economic war, not this one

The stimulus mostly helps big corporations, airlines, etc. But there are maybe 45 million small businesses getting crushed. Luckily my small business is immune, but restaurants, landlords, lawyers, hair salons, strip clubs, small stores, handy men, child care providers, lawn and pool maintenance businesses, home cleaners, movie theatres, bars, dance clubs, yoga studios, are getting crushed with little help. I read that there are 45 million small businesses like this. We will need a new massive stimulus bill to keep them alive. A common criticism is that countries prepare for the last war but end up unprepared for the new one. I am really worried that we arenít addressing this new economic war.

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Reply We're fighting the last economic war, not this one (Original post)
Cicada Mar 29 OP
captain queeg Mar 29 #1
Cicada Mar 29 #2

Response to Cicada (Original post)

Sun Mar 29, 2020, 03:59 AM

1. I agree. The recession is going to be long and deep.

I retired last year and have a pretty cheap lifestyle. Unless SS were to crash I should be ok for the foreseeable future. My last job was essentially an office job. It could be done from home as my ex coworkers are doing. And that could go onto some time. There are many people who are working from home now that wonít be able to maintain that very long. And there are a great many jobs that canít be done from home. Some home jobs can only continue while a regular work force is out there and a great many jobs that are lost if people canít come there. Maybe those jobs will rebound if and when the pandemic dies down but many wonít. Itís really hard to say where it all will go but itís pretty obvious things wonít go back to the way they were.

I just hope there is a massive blue wave next election and the government will start supporting average citizens rather than the 1%. Govt should be for the citizens not the corporations.

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Response to captain queeg (Reply #1)

Sun Mar 29, 2020, 04:08 PM

2. Dem presidents have been great for both humans and non breathers

The stock market tripled under Clinton, it tripled under Obama. Profits come from people with money. Making sure people have money is great for businesses.

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