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In face of 'grim' jobs report, Biden backs more COVID-19 aid

20 Comments
By ZEKE MILLER and ALEXANDRA JAFFE

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the economic crisis brought on by the coronavirus pandemic will only get worse

The economic crisis resulted from Trump and his Republicans absolute bungling of the pandemic.

Health problems resulting from the pandemic were made much worse because of Trump and his Republicans bungling.

Trump and his Republicans have dragged the US to its lowest point in decades, leaving Biden huge messes that might not be able to be cleaned up.

And Trump's supporters - US and 'foreign' - LOL and cheer him on while he's playing golf and ignoring the duties he had been elected to perform. Trump will go down in history as the worst politician ever elected to any office.

5 ( +8 / -3 )

Trump's silence on this issue now disgusts me. His legacy will be as one of the worst Presidents to have held office. The virus was not his fault and I am not sure what another President would have done or how it would have been handled but what he is doing now (complete silence) is very bad. I am not sure how even his supporters could rationalize this.

And what do we have to look forward to now? The Great Reset is upon is. I imagine 2021 will be more interesting than 2020.

4 ( +8 / -4 )

Interestingly enough Bernie Sanders is going to vote against the relief bill.

https://www.msn.com/en-us/news/politics/sanders-announces-opposition-to-908-billion-coronavirus-relief-package-as-lawmakers-scramble-for-deal/ar-BB1bDTmi?ocid=msedgntp

2 ( +2 / -0 )

The idea that the economy could be uncoupled from a pubic health crisis was the final straw for Trump.

I saw Biden’s interview yesterday. How nice it was to hear a sane rational man talk about an actual plan. I haven’t heard that for four years.

5 ( +7 / -2 )

The economic crisis resulted from Trump and his Republicans absolute bungling of the pandemic. 

Ok and the Dems are going to do what better? You really think the GOP will sign off on this? No country in their right mind would do such a thing. Congress should come together, but when it’s for something this crazy, they won’t, nor should they.

https://www.nydailynews.com/news/politics/ny-advocates-schumer-undocumented-immigrants-coronavirus-bill-20200511-ja34sethrbam3lt4j7iuivfdpa-story.html

Health problems resulting from the pandemic were made much worse because of Trump and his Republicans bungling.

Trump did everything he was supposed to as per Dr. Fauci, was he lying? Please make up your minds, he bungled this (supposedly) but Fauci praised his initial response and swift handling of the crisis, so either he’s lying or the media....I personally believe the latter.

Trump and his Republicans have dragged the US to its lowest point in decades, leaving Biden huge messes that might not be able to be cleaned up. 

And the Democrats will do what exactly? Tell people to wear masks, more social distancing, continue to keep people from working while a bunch of these Democrat leaders defy the very rules they tell us to follow? These leaders continue to get caught all the time breaking their own rules enjoying their lives but telling us, we just need to sit at home and wait? Again, this is once again and exactly why people are saying, “it’s enough.”

https://cbs12.com/news/local/reports-nearly-1000-people-a-day-are-moving-to-florida

And Trump's supporters - US and 'foreign' - LOL and cheer him on while he's playing golf and ignoring the duties he had been elected to perform.

Trump did everything he could and to his supporters and to half the nation he will go down as one of the greatest Presidents.

https://www.socialworkers.org/News/News-Releases/ID/2120/NASW-Thanks-President-Trump-Congress-for-Swift-Action-To-Promote-COVID-19-Mental-Health-Access

-13 ( +1 / -14 )

Interestingly enough Bernie Sanders is going to vote against the relief bill.

He's not against it totally, he just wants more for families (one off checks) and less for businesses (indemnity protection).

I think it's pretty bipartisan, but there's a massive divide as to who the beneficiaries are and who the average American thinks the beneficiaries are.

IMHO, it has all the hallmark of Wall street taking care of itself at the expense of businesses and workers. But since as America is mostly credit driven, bankers first in line.

5 ( +6 / -1 )

 No country in their right mind would do such a thing.

Why do you say that? Do you know what the equation of national income is? GDP=C+I+G+(EX-IM). In words, GDP is the sum of consumption, investment, government spending and net exports. If GDP is declining, usually that means C and I are declining. The only quick way to restore GDP growth is to increase G. Increasing G but $1 increased GDP by more than $1. Why? First, GDP increases $1 for every $1 increase in G. But, that extra buck spent by the government goes to pay wages and buy things from companies. They turn around and spend some of that money, further increasing GDP. Economists call this a "multiplier effect". This is the most effective way to turn around a recession (defined as two or more consecutive fiscal quarters of negative GDP growth).

The hard part is paying back the resulting debt. Most of the time when the nation's GDP is growing out champions of fiscal probity always cry for a tax cut. Nope. When the nation has strong economic growth it is time to raise taxes to pay down the debt incurred during the last recession, war, pandemic or whatever cause the nation to deficit spend.

7 ( +8 / -1 )

Trump did everything he was supposed to as per Dr. Fauci, was he lying? Please make up your minds, he bungled this (supposedly) but Fauci praised his initial response and swift handling of the crisis, so either he’s lying or the media....I personally believe the latter.

There was no coordination of resources on a national level. States were left to compete against each other for PPE and respirators. The President downplayed the pandemic early on and refused to the bitter end to endorse the recommendations of doctors and scientists. He did almost nothing Dr. Fauci recommended and Dr. Fauci challenged his erroneous claims about the virus multiple times. it is almost as if you live in a parallel universe. But hey, you don't even live in the US so why do you even care? You bailed. We'll fix the mess without you.

7 ( +8 / -1 )

all done by leftist democrats

Having fun yet?

Trump did everything he could

Play golf. Watch TV. Tweet. Call Hannity on the phone.

13 ( +14 / -1 )

Having fun yet?

With liberals, never one dull moment.

Play golf. Watch TV. Tweet. Call Hannity on the phone.

As well as getting praises from Fauci and other groups on his swift action in handling this crisis, The guy can multitask.

-13 ( +0 / -13 )

Biden delivered remarks Friday afternoon reacting to November's national jobs report, which showed a sharp decrease in U.S. hiring even as the nation is about 10 million jobs below pre-pandemic levels.

The "V" shaped recovery was always a mirage. Many of the jobs lost in the pandemic crunch are never coming back. Companies are using a strong stock market and government subsidies to automate and streamline their operations to secure that all important bottom line. There have to be structural changes to the economy taking into account the new realities.

6 ( +7 / -1 )

And the Democrats will do what exactly? Tell people to wear masks, more social distancing, continue to keep people from working while a bunch of these Democrat leaders defy the very rules they tell us to follow? These leaders continue to get caught all the time breaking their own rules enjoying their lives but telling us, we just need to sit at home and wait? Again, this is once again and exactly why people are saying, “it’s enough.”

https://cbs12.com/news/local/reports-nearly-1000-people-a-day-are-moving-to-florida

And Trump's supporters - US and 'foreign' - LOL and cheer him on while he's playing golf and ignoring the duties he had been elected to perform.

Trump did everything he could and to his supporters and to half the nation he will go down as one of the greatest Presidents.

https://www.socialworkers.org/News/News-Releases/ID/2120/NASW-Thanks-President-Trump-Congress-for-Swift-Action-To-Promote-COVID-19-Mental-Health-Access

LOL, you're using a news report from September, and a press release from March to support Trump's policies?

Trump has screwed up again and again and again since March 20th, 2020. In fact, an entire article could be written that would be nothing more than a list of his screwups.

7 ( +8 / -1 )

It is worth before resorting the political huffing and puffing having an independent insight to the economic the COVID-19 pandemic.

Supply and demand shocks in the COVID-19 pandemic: an industry and occupation perspective

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7499761/

The criteria.

We estimate (i) supply-side reductions due to the closure of non-essential industries and workers not being able to perform their activities at home, and (ii) demand-side changes due to peoples’ immediate response to the pandemic, such as reduced demand for goods or services that are likely to place people at risk of infection (e.g. tourism).

Leave the politics behind for a moment.

Before a comprehensive relief/aid package can be implemented. Government must institute a clear industry wide balanced policy to allow business to redress the sharp contraction in economic activity.

Shutdowns equal shutouts.

To persuade people whose family livelihoods and businesses are under threat, Government needs to consider centralizing control of over how and if lockdowns need to be implemented.

Win hearts and minds, map a route to keeping the economy afloat.

-1 ( +1 / -2 )

Well, I think we know why McConnell has been stonewalling any progress on another stimulus bill...

He's scared to death of going to the White House for a singing ceremony....

Reports say he's avoided going to the WH for six months - because he thinks it's a bio-hazard zone and Trump and his minions are all incompetent in keeping it safe...

Some vote of confidence huh - the guy can't even protect his own house...

https://www.nbcnews.com/politics/white-house/mcconnell-says-he-s-avoided-white-house-months-because-covid-n1242634

1 ( +2 / -1 )

I do not agree with Sen. McConnell and his desire to bail out mega donors, while leaving citizens to fend for themselves.

3 ( +3 / -0 )

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