Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues IV

[Prison Mike]

Finally...we’re number one at something

 

[MagnarTheGreat]

ABC News - 'Extreme inequality was the preexisting condition': How COVID-19 widened America's wealth gap
As 45 million Americans lost their jobs, U.S. billionaires made $584 billion.

 

[MagnarTheGreat]

Bloomberg - Coronavirus Brings American Decline Out in the Open (Op-Ed)
Without fixes for infrastructure, education, health care and government, the U.S. will resemble a developing nation in a few decades.

New York Times - The ‘Rocket Ship’ Economic Recovery Is Crashing

 

[Lily Adler]

 

[MagnarTheGreat]

Wall Street Journal - Europe Avoids Jobless Surge as Furlough Schemes Cushion Economic Decline

 

[Lily Adler]

Wall Street Journal - Europe Avoids Jobless Surge as Furlough Schemes Cushion Economic Decline

With the surge of COVID-19 cases in America, I fear we will see those numbers creep back up as we start shutting down again.

 

[MagnarTheGreat]

CNBC - 32% of U.S. households missed their July housing payments

 

[KRYPTON INC.]

CNBC - 32% of U.S. households missed their July housing payments

Reich really puts the issues with the economy into perspective and he's been one of the bigger names that keeps trying to bring this stuff to our attention.

Lord only knows where we will be come the end of October, but I think economic hardship is going to get equal coverage with the pandemic.

 

[MagnarTheGreat]

 

[DJ Kornphlake]

 

[Teelie]

Reward executives for bankrupting you? How is this sound business tactics?

 

[Lily Adler]

Republicans are ****ing monsters and will cause a new Depression.

 

[mclay18]

Unsurprisingly, Moscow McTurtle recessed the Senate earlier in lieu of actually hammering out another stimulus deal to negotiate with Democrats. Instead of coming up with their answer to the House-passed HEROES Act (passed in May) earlier, he and Mnuchin waited until the week unemployment $600 bonus expired.

https://www.washingtonpost.com/business/2020/07/24/unemployment-benefits-congress-coronavirus/

Is he begging Amy McGrath to unseat his ass on 11/3?

 

[DJ Kornphlake]

“We have not yet felt the urgency of acting immediately. That time could develop, but I don’t think it has yet.” - Mitch Mcconnell on May 11.

 

[Lily Adler]

“We have not yet felt the urgency of acting immediately. That time could develop, but I don’t think it has yet.” - Mitch Mcconnell on May 11.

And that was AFTER March and April...

 

[mclay18]

And that was AFTER March and April...

Mitch and the GOP are going to get a brutal reality check on Monday onward when the stock market takes a massive hit.

 

[DJ Kornphlake]

I'm sure they'll magically find more money to pump into it.

 

[mclay18]

I'm sure they'll magically find more money to pump into it.

Mitch is playing hardball with people's lives. Literally.

It's like pulling teeth to get Republicans to help actual tax-paying working Americans, but then he and the GOP will work quickly or work weekends to lower taxes or bail out corporations and special interest groups.

 

[Lily Adler]

Wave of evictions could be coming for nation's renters



The themes of this film have aged too well.

 

[MagnarTheGreat]

ABC News - US is expected to report a record-breaking economic plunge
Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about the likelihood of any sustained recovery the rest of the year

 

[galmorzu]

I was wondering how Trump would leave the economy a smoking wreck similar to many of his business at the end of his term.

 

[MagnarTheGreat]

Reuters - U.S. renters owe $21.5 billion in back rent; Republicans offer no eviction relief

 

[DJ Kornphlake]

 

[Sithborg]

Thats not even half your caucus, you evil turtle.

 

[MagnarTheGreat]

Wall Street Journal - U.S. Economy Contracted at Record Rate Last Quarter; Jobless Claims Rise to 1.43 Million

New York Times - U.S. G.D.P. Fell 9.5 Percent: Live Updates