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Forty million people could potentially lose their homes in the next several months. In states like Florida, Texas, and New York, half of the tenants will shortly be unable to make the rent.
https://theintercept.com/2020/07/30/...nal-emergency/For most of the unemployed, there aren’t any jobs to go back to, and won’t be until the pandemic is under control. If their unemployment benefits are cut, people without jobs will desperately cut back on spending, leading to more unemployment, which will lead to less spending, and so on. The process will be accelerated as states and cities, which until now have attempted to avoid slashing payrolls in hopes that the federal government would rescue them, finally do so.
This may plausibly lead to basic material deprivation — true hunger and homelessness — on a scale few alive today have ever seen.
Forty million people could potentially lose their homes in the next several months. In states like Florida, Texas, and New York, half of the tenants will shortly be unable to make the rent.
article is in horrible, but the kernel is true. unemployment is a bfd.
But what about Payroll tax cut and immunity?
nm, Mitch McConnell is all over it
https://www.youtube.com/watch?v=0_4o4axYfuY&t=14s
Javanka pocketed $30M+ last year
It's funny how Chumpettes suddenly care about this.
TheGreatYacht
When did anybody stop caring about this?
me, for the last four months: "demand shock, mass unemployment"
you: thanks for suddenly noticing
you can still get your UI bonus after Aug 1st if your application is pending
More important than police brutality and social injustice?
Because the choice was made to sacrifice lives and in the process reopening businesses for the feelings of the black community
No, the choice made was to preserve lives during a pandemic. We knew the economy would take a hit. We thought Congress would step up to the challenge, because initially they did step up.
3conomy was gonna take a hut shutdown or not.
You suddenly lose the incentive to travel, go out to eat or shopping if grandmas are dropping dead left and right.
small businesses have hoped the fall would be somewhat normal.
Not anymore
Just a few months. Just get through the next few months.
That’s how many small-business owners approached the coronavirus pandemic in March, when a shutdown halted the economy.
With a mix of patience and thrift, they cut costs, borrowed money, and postponed bills to scrape through spring and summer.
By fall, many believed, the worst would be over.
But now, as the virus rages still across the United States,
it’s becoming clear the economy won’t recover for many months.
And some owners are wondering how much stamina they have left, what sleight of hand they haven’t yet tried, to keep their businesses afloat?
-- Boston Globe Email
Ms of small businesses have been hanging on, with govt help, but now with The Trump-Made Pandemic raging out of control, they will fail, increasing unemployment and creating Commercial MBS bomb
2020 is 2008, 2021 is 2009
What do the Repugs want in a new stimulus?
$35B more wasted for the ing FAILED F-35
Exactly. The notion that the vast majority wanted to go out there while people are dropping like flies around them is asinine at best.
Lockdowns have consequences
Congresscritters being a bunch of es sure isn't one of them.
Also the choice was made to do nothing to stamp out the virus during and after the lockdown. The choice was let's believe it'll all go away magically.
So does missing the whole point of the lockdown and blowing the opportunity the lockdown provided.
That's where we are now.
Go ahead and say it doesn't affect you and New York in April.
Why did they take a job that didn’t include a golden parachute? It’s their own damn fault tbh
OP won't admit that a hoax virus with a 98.5% survival rate does not warrant a pandemic.
Unemployment is only $6 billion per month, that would be $30 billion total, but that is peanuts compared to what they are spending on other programs like the PPP that only benefits rich business owners and rent deferment which only helps rich home-owners.
Defining an epidemic as a pandemic has little to do with survival rates. It has to do with infection spread. It becomes a widespread endemic disease once the number of infected people become stable (at which point stops being a pandemic).
Trump tried to slip in money for the new FBI headquarters he demands to be across from his property.
He cares.
The sheer lack of awareness is amazing. The art of the deal...
What does warrant a pandemic?
And wtf does a high survival rate matter if every fckn person on the planet gets it numbnuts?
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