Coronavirus (political)

[SolidSnake84]

But saying that the U.S. Economy can't bear the toll of the virus, is that really false news? Things are going to shit here at an alarming rate and will only get worse in the coming months.

[Giantone]

Originally Posted by SolidSnake84

But saying that the U.S. Economy can't bear the toll of the virus, is that really false news? Things are going to shit here at an alarming rate and will only get worse in the coming months.

BS, you and your "sky is falling attitude" .Everyone is worried just not panicked like you are.

[SolidSnake84]

Originally Posted by Giantone

BS, you and your "sky is falling attitude" .Everyone is worried just not panicked like you are.

All due respect to you, but you are wrong about it being BS. I'm not having a sky is falling attitude on that statement, i am looking at the numbers. The numbers simply do not lie.

23 million people unemployed in two months. That's 11.5 million people losing their jobs a month. Do the math and figure out how that number climbs every month that we stay shut down. Our economy is not handling anything well when you have that many people unemployed and those numbers just keep going up.

[Giantone]

Originally Posted by SolidSnake84

All due respect to you, but you are wrong about it being BS. I'm not having a sky is falling attitude on that statement, i am looking at the numbers. The numbers simply do not lie.

LOL, they most certainly do.

[SolidSnake84]

Originally Posted by Giantone

LOL, they most certainly do.

So you feel the numbers being publicized about unemployment are not accurate? How so? Are they too high or too low than what is being reported weekly / monthly, etc...

[Giantone]

Originally Posted by SolidSnake84

So you feel the numbers being publicized about unemployment are not accurate? How so? Are they too high or too low than what is being reported weekly / monthly, etc...

You make an assumption all numbers reported are true .Aid(supposedly) goes to where it is needed the most are you saying certain numbers in certain locations would not benefit with greater numbers?

[SolidSnake84]

Originally Posted by Giantone

You make an assumption all numbers reported are true .Aid(supposedly) goes to where it is needed the most are you saying certain numbers in certain locations would not benefit with greater numbers?

Of course it would benefit those who needed it the most. I don't think either of us would argue that.

But i do argue that if you use unemployment numbers as a measure to gauge the health of the economy, as people generally do, then the USA is not doing well at all. On Monday i was shown a report that listed at that time, over 23 million people unemployed. That's 11.5 million people per month since March, when the lockdowns began. If we use those numbers, then by the summer we are looking at 70 million people, probably more, at the current rate that unemployment continues to grow. I don't know anyone who would say that 70 million people in the USA unemployed says that we are doing well.

If the shutdowns continue until the end of the year, or in multiple waves of shutdowns as some have called for, that's still on pace for 138 million people out of work. Now granted, that is much "better" than my original prediction of 300 million people out of work, but 138 million people out of work is still horrifying no matter what the reason is.