Lockdown and stimulus a little too much like new green deal

If a business can't survive a few weeks they should not be in business.

originally posted by: xpert11
a reply to: neutronflux

The following is my opinion as a member participating in this discussion.

Trump is putting the nails in his presidential legacy's coffin. Economically, I am not convinced of the "rescue package" before the Senate is anything but cancer. Repeating and increasing the ills of the GFC bailouts of "Wall Street" may destroy the U.S. fiscally. The last of global round bailouts stunted economic growth for a decade.

Targeted and limited government subsidies can save the taxpayer money in the long term. In one such instance, the New Zealand government subsided wages after Christchurch and Kaikoura earthquakes (2010- 11 and 2016). The cost of subsiding incomes is less than having newly unemployed people on the dole long term.

On the subject of airlines: The U.S. may have fewer reasons to sustain airline routes than other countries. Countries that enjoy land borders don't depend upon air and maritime trade for conducting commerce.

As an ATS Staff Member, I will not moderate in threads such as this where I have participated as a member.

originally posted by: neutronflux
a reply to: Stupidsecrets

If a business can't survive a few weeks they should not be in business.

Looks like your going to get your wish. While large corporate coffee shops, restaurants, hobby stores, and chain stores hold out. And the mom and pop stores go under. And people wreck their bodies working in Amazon shipping.

Makes one wonder why Star Bucks voluntarily shutdown in store service while shaming the mom and pop stores that needed to stay open? I think they knew the local competition would fold while Star Bucks had the deep pockets and infrastructure to hold out?

originally posted by: xpert11
a reply to: jjkenobi

The following is my opinion as a member participating in this discussion.

Logically, the problem is too few people in their smugness never believed a pandemic was possible. Of course, this is why governments across the globe caught off guard. Civil Defence, local health boards, civil servants, and their overseas equivalents have no contingency plans to dust off. So it is only natural career politicians in congress sought to exploit the situation for their gains.

Trump's absence of sound leadership skills and abilities is nakedly on display. He isn't staying ahead of events where possible, nor his he steering the ship (congress) away from icebergs. Interestingly, Trump's previous failure to get an infrastructure package through Congress was a sign of his flaws.

As an ATS Staff Member, I will not moderate in threads such as this where I have participated as a member.

originally posted by: SaturnFX

originally posted by: neutronflux
a reply to: Stupidsecrets

If a business can't survive a few weeks they should not be in business.

Looks like your going to get your wish. While large corporate coffee shops, restaurants, hobby stores, and chain stores hold out. And the mom and pop stores go under. And people wreck their bodies working in Amazon shipping.

Makes one wonder why Star Bucks voluntarily shutdown in store service while shaming the mom and pop stores that needed to stay open? I think they knew the local competition would fold while Star Bucks had the deep pockets and infrastructure to hold out?

Sounds like a corporate war of attrition