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WTF did Trump do to the stock market?

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Custard

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Re: WTF did Trump do to the stock market?
« Reply #345 on: April 23, 2020, 11:22:08 PM »
I don’t see a whole lot of discussion about personal liberty from the limited amount of news consumption I do. There’s no shortage of education and information out there regarding the risks and preventative measures, so I believe people should have the right to make their own decisions as to how and when they want to interact socially and economically.

Now all you government loving nanny state aficionados will argue that Americans are simply too stupid to handle this without the government forcing them to adhere to these completely contradicting guidelines from state to state. And maybe you’re right.

But the way I see it people have been armed with knowledge to make good decisions and take proper precautions. Let people who want to go back to work go back to work. Let them and their families decide how to take precautions and protect their loved ones in their own household.

At the end of the day it’s not really much different than trusting people with gun ownership, driving a car, walking around with untreated drug addiction or mental illness, AIDS, etc. At any given time any given person can cause untold numbers of deaths and destruction, but in general people aren’t as bad and stupid as they’re made out to be.
It’s actually more akin to vaccination. Just like with people who refuse to vaccinate or child, the victim of their selfish actions is not likely to be themselves or their child. Instead, it will be someone who is older, more fragile, immune-compromised, etc. I’m OK with people not being legally allowed to be that selfish.

I mean I get your stance, yet each and every year millions of people knowingly and unknowingly go to work with influenza A or B or other serious infectious diseases. They go to other functions and sporting events and church. They unwittingly, perhaps selfishly in certain instances, get other people sick or dead. My viewpoint is that caution is obviously prudent, yet we are on a slippery slope here.

I think it’s hard to draw a hard line between shutting down the entire country indefinitely and what the acceptable collateral damage from the actual threat is. Which is essentially the battle that’s being fought right now at every level of government and public policy.

Now in a different and better world, we could shut down the country and everyone would have full access to supplies and healthcare and money and some sense of security. However our society isn’t constructed that way and therefore the shutdown has caused literally incalculable financial damage to businesses and individuals that will take a long time from which to recover. If the goal is to save every life possible from COVID-19 that’s a noble gesture but we have to look at the bigger picture to see what trickle down effects that this single minded policy has.

If this causes a 5 or 10 year economic depression that ends up costing hundreds of thousands or millions of lives to poverty, disease, suicide, increased substance abuse, families’ savings and property values destroyed, financial inability to properly care for children, etc, of people in the prime of their lives, was it worth it to save tens of thousands of lives of the *mostly* elderly and generally unhealthy in 2020?

These are the kinds of conversations that are taking place and also the kind of arguments that get used to make decisions in wars, such as the decision to drop the bombs on Japan in WWII. It’s a no win situation. Someone has to draw the line in the sand, Dude, and across this you DO NOT...Also, Dude, the Chinaman may be the issue here. We are basically in an economic hot war with China ATM and the COVID situation is really just window dressing.

It’s about forcing re-nationalizing manufacturing and lessening our economic dependency on China in the same way we used to talk about lessening our dependence on foreign oil. This is something Trump has been talking about for ages. So while everyone is arguing over reopening the country and using this as a political football for business owners and the newly unemployed to clash with the people seeking the moral high ground of safety at all costs, a lot of chess is being played on the global level.
« Last Edit: April 23, 2020, 11:24:33 PM by Custard »
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Custard

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Re: WTF did Trump do to the stock market?
« Reply #346 on: April 23, 2020, 11:48:47 PM »
in general people aren’t as bad and stupid as they’re made out to be.

It's almost as if you didn't have access to the internet.

Plenty of smart people play dumb characters on the internet.
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murphstahoe

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Re: WTF did Trump do to the stock market?
« Reply #347 on: April 24, 2020, 01:36:17 AM »
I don’t see a whole lot of discussion about personal liberty from the limited amount of news consumption I do. There’s no shortage of education and information out there regarding the risks and preventative measures, so I believe people should have the right to make their own decisions as to how and when they want to interact socially and economically.

Now all you government loving nanny state aficionados will argue that Americans are simply too stupid to handle this without the government forcing them to adhere to these completely contradicting guidelines from state to state. And maybe you’re right.

But the way I see it people have been armed with knowledge to make good decisions and take proper precautions. Let people who want to go back to work go back to work. Let them and their families decide how to take precautions and protect their loved ones in their own household.

At the end of the day it’s not really much different than trusting people with gun ownership, driving a car, walking around with untreated drug addiction or mental illness, AIDS, etc. At any given time any given person can cause untold numbers of deaths and destruction, but in general people aren’t as bad and stupid as they’re made out to be.

Every state in the US has an agency that requires some form of testing to get a drivers license in order to drive. By your argument, this is an impingement on freedom, individuals should be able to decide for themselves if they have competency to operate a motor vehicle.

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murphstahoe

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Re: WTF did Trump do to the stock market?
« Reply #348 on: April 24, 2020, 01:43:24 AM »

It’s about forcing re-nationalizing manufacturing and lessening our economic dependency on China in the same way we used to talk about lessening our dependence on foreign oil. This is something Trump has been talking about for ages. So while everyone is arguing over reopening the country and using this as a political football for business owners and the newly unemployed to clash with the people seeking the moral high ground of safety at all costs, a lot of chess is being played on the global level.

If Trump gave one shit about lessening our economic dependency on China, he and Ivanka would not be selling products manufactured in China. Trump talks about this as a smoke screen to build an image. The use of manufacturing in China isn't some sort of government issued declaration, it is a decision made by corporations, and Trump is a corporatists, remember how his whole mantra was that he's an outsider and businessman.

He isn't designing a strategy to improve the country - Trump is only about Trump. Full stop.

Similarly - lessening our dependency on foreign oil isn't about lessening our dependency on foreign oil, it's about US based oil companies wanting to make more money by getting access to oil fields with subsidy and externalizing the environmental damage. Hey, we fucked up ANWAR but you know, we lessened our dependency on foreign oil. The proper strategy to reduce said dependency, if we were worried about our overall net result, would be to figure out how to use *LESS* oil. But Exxon doesn't profit from that, and if Exxon doesn't profit, they can't contribute money to campaigns.

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ThePAMan

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Re: WTF did Trump do to the stock market?
« Reply #349 on: April 24, 2020, 03:55:30 AM »
in general people aren’t as bad and stupid as they’re made out to be.

It's almost as if you didn't have access to the internet.

Or ever read the Scorat Bored.
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ThePAMan

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Re: WTF did Trump do to the stock market?
« Reply #350 on: April 24, 2020, 04:05:10 AM »
I don’t see a whole lot of discussion about personal liberty from the limited amount of news consumption I do. There’s no shortage of education and information out there regarding the risks and preventative measures, so I believe people should have the right to make their own decisions as to how and when they want to interact socially and economically.

Now all you government loving nanny state aficionados will argue that Americans are simply too stupid to handle this without the government forcing them to adhere to these completely contradicting guidelines from state to state. And maybe you’re right.

But the way I see it people have been armed with knowledge to make good decisions and take proper precautions. Let people who want to go back to work go back to work. Let them and their families decide how to take precautions and protect their loved ones in their own household.

At the end of the day it’s not really much different than trusting people with gun ownership, driving a car, walking around with untreated drug addiction or mental illness, AIDS, etc. At any given time any given person can cause untold numbers of deaths and destruction, but in general people aren’t as bad and stupid as they’re made out to be.
It’s actually more akin to vaccination. Just like with people who refuse to vaccinate or child, the victim of their selfish actions is not likely to be themselves or their child. Instead, it will be someone who is older, more fragile, immune-compromised, etc. I’m OK with people not being legally allowed to be that selfish.

I mean I get your stance, yet each and every year millions of people knowingly and unknowingly go to work with influenza A or B or other serious infectious diseases. They go to other functions and sporting events and church. They unwittingly, perhaps selfishly in certain instances, get other people sick or dead. My viewpoint is that caution is obviously prudent, yet we are on a slippery slope here.

I think it’s hard to draw a hard line between shutting down the entire country indefinitely and what the acceptable collateral damage from the actual threat is. Which is essentially the battle that’s being fought right now at every level of government and public policy.

Now in a different and better world, we could shut down the country and everyone would have full access to supplies and healthcare and money and some sense of security. However our society isn’t constructed that way and therefore the shutdown has caused literally incalculable financial damage to businesses and individuals that will take a long time from which to recover. If the goal is to save every life possible from COVID-19 that’s a noble gesture but we have to look at the bigger picture to see what trickle down effects that this single minded policy has.

If this causes a 5 or 10 year economic depression that ends up costing hundreds of thousands or millions of lives to poverty, disease, suicide, increased substance abuse, families’ savings and property values destroyed, financial inability to properly care for children, etc, of people in the prime of their lives, was it worth it to save tens of thousands of lives of the *mostly* elderly and generally unhealthy in 2020?

These are the kinds of conversations that are taking place and also the kind of arguments that get used to make decisions in wars, such as the decision to drop the bombs on Japan in WWII. It’s a no win situation. Someone has to draw the line in the sand, Dude, and across this you DO NOT...Also, Dude, the Chinaman may be the issue here. We are basically in an economic hot war with China ATM and the COVID situation is really just window dressing.

It’s about forcing re-nationalizing manufacturing and lessening our economic dependency on China in the same way we used to talk about lessening our dependence on foreign oil. This is something Trump has been talking about for ages. So while everyone is arguing over reopening the country and using this as a political football for business owners and the newly unemployed to clash with the people seeking the moral high ground of safety at all costs, a lot of chess is being played on the global level.

It was supposed to be about slowing the spread so the hospitals do not become overwhelmed so that people that otherwise could be saved, like someone in a car crash, etc., could be saved because the resources were not all being used on the virus.

The death rate is still 2 to 3 x the norm in NY from this. That takes into account all deaths, not just the virus.

At some point things will open up again. It will be shortly and then we will have another wave. The Chinese are seeing it right now.

Yes, we should do what we can to.lessen our dependence on Chinese manufacturing. The problem is that corporate America and the populace love cheap stuff made by Chinese slaves and kids.
Mark Carman: "The Whitlock!...Caleb Williams failed Wayne Whitlock." Been told I need to take my dick out my mouth so maybe I "wont [sic] sound like such a fucking faggot all the time[.]"

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ThePAMan

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Re: WTF did Trump do to the stock market?
« Reply #351 on: April 24, 2020, 04:08:30 AM »
in general people aren’t as bad and stupid as they’re made out to be.

It's almost as if you didn't have access to the internet.

Plenty of smart people play dumb characters on the internet.

And then there are the people like Chieftain.
Mark Carman: "The Whitlock!...Caleb Williams failed Wayne Whitlock." Been told I need to take my dick out my mouth so maybe I "wont [sic] sound like such a fucking faggot all the time[.]"

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Somewhere in Mn

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Re: WTF did Trump do to the stock market?
« Reply #352 on: April 24, 2020, 06:17:19 AM »
And Gov Walz is letting 100,000 +/- go back to work on Monday, tho our current stay at home was set to run until May 4. Minnesota hasn't peaked, but 70% of the state's 179 deaths have occurred in nursing homes and assisted living facilities.
Those going back will be people with essentially no public contact while working, so it doesn't include tattoo parlors or salons or restaurants.
Some may say the protests impacted the decision, but governments are also facing the possibilities of lost tax revenues that they will not be able to function with. Heaven forbid some government agency closes and never re-opens.
« Last Edit: April 24, 2020, 06:28:11 AM by Mn »

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Custard

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Re: WTF did Trump do to the stock market?
« Reply #353 on: April 24, 2020, 09:52:47 AM »

It’s about forcing re-nationalizing manufacturing and lessening our economic dependency on China in the same way we used to talk about lessening our dependence on foreign oil. This is something Trump has been talking about for ages. So while everyone is arguing over reopening the country and using this as a political football for business owners and the newly unemployed to clash with the people seeking the moral high ground of safety at all costs, a lot of chess is being played on the global level.

If Trump gave one shit about lessening our economic dependency on China, he and Ivanka would not be selling products manufactured in China. Trump talks about this as a smoke screen to build an image. The use of manufacturing in China isn't some sort of government issued declaration, it is a decision made by corporations, and Trump is a corporatists, remember how his whole mantra was that he's an outsider and businessman.

He isn't designing a strategy to improve the country - Trump is only about Trump. Full stop.

Similarly - lessening our dependency on foreign oil isn't about lessening our dependency on foreign oil, it's about US based oil companies wanting to make more money by getting access to oil fields with subsidy and externalizing the environmental damage. Hey, we fucked up ANWAR but you know, we lessened our dependency on foreign oil. The proper strategy to reduce said dependency, if we were worried about our overall net result, would be to figure out how to use *LESS* oil. But Exxon doesn't profit from that, and if Exxon doesn't profit, they can't contribute money to campaigns.

Wait what? For years he’s been saying he’ll bring jobs back to the US and has been labeled a nationalist and such. If I had a dime for every time Nichi has lambasted him for his anti-globalist nationalist attitude and policies I could have retired before the stock market crashed. Everyone threw a fit over the tariffs and how that was going to wreck our economy. We’ve been in a trade war with China for some time. Everyone threw a fit over the immigration reform and the wall and the travel ban on Muslims.

In just six weeks time during this shutdown there are cottage industries popping up all over America that are filling the void left by the slowdown in global commerce and products and people moving internationally. He essentially has banned all immigration now. He’s taken all the things people were complaining about previously and now turned them around to the point where people are rooting for the same principles they used to despise. Just under a different guise.
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Custard

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Re: WTF did Trump do to the stock market?
« Reply #354 on: April 24, 2020, 10:23:25 AM »
I don’t see a whole lot of discussion about personal liberty from the limited amount of news consumption I do. There’s no shortage of education and information out there regarding the risks and preventative measures, so I believe people should have the right to make their own decisions as to how and when they want to interact socially and economically.

Now all you government loving nanny state aficionados will argue that Americans are simply too stupid to handle this without the government forcing them to adhere to these completely contradicting guidelines from state to state. And maybe you’re right.

But the way I see it people have been armed with knowledge to make good decisions and take proper precautions. Let people who want to go back to work go back to work. Let them and their families decide how to take precautions and protect their loved ones in their own household.

At the end of the day it’s not really much different than trusting people with gun ownership, driving a car, walking around with untreated drug addiction or mental illness, AIDS, etc. At any given time any given person can cause untold numbers of deaths and destruction, but in general people aren’t as bad and stupid as they’re made out to be.
It’s actually more akin to vaccination. Just like with people who refuse to vaccinate or child, the victim of their selfish actions is not likely to be themselves or their child. Instead, it will be someone who is older, more fragile, immune-compromised, etc. I’m OK with people not being legally allowed to be that selfish.

I mean I get your stance, yet each and every year millions of people knowingly and unknowingly go to work with influenza A or B or other serious infectious diseases. They go to other functions and sporting events and church. They unwittingly, perhaps selfishly in certain instances, get other people sick or dead. My viewpoint is that caution is obviously prudent, yet we are on a slippery slope here.

I think it’s hard to draw a hard line between shutting down the entire country indefinitely and what the acceptable collateral damage from the actual threat is. Which is essentially the battle that’s being fought right now at every level of government and public policy.

Now in a different and better world, we could shut down the country and everyone would have full access to supplies and healthcare and money and some sense of security. However our society isn’t constructed that way and therefore the shutdown has caused literally incalculable financial damage to businesses and individuals that will take a long time from which to recover. If the goal is to save every life possible from COVID-19 that’s a noble gesture but we have to look at the bigger picture to see what trickle down effects that this single minded policy has.

If this causes a 5 or 10 year economic depression that ends up costing hundreds of thousands or millions of lives to poverty, disease, suicide, increased substance abuse, families’ savings and property values destroyed, financial inability to properly care for children, etc, of people in the prime of their lives, was it worth it to save tens of thousands of lives of the *mostly* elderly and generally unhealthy in 2020?

These are the kinds of conversations that are taking place and also the kind of arguments that get used to make decisions in wars, such as the decision to drop the bombs on Japan in WWII. It’s a no win situation. Someone has to draw the line in the sand, Dude, and across this you DO NOT...Also, Dude, the Chinaman may be the issue here. We are basically in an economic hot war with China ATM and the COVID situation is really just window dressing.

It’s about forcing re-nationalizing manufacturing and lessening our economic dependency on China in the same way we used to talk about lessening our dependence on foreign oil. This is something Trump has been talking about for ages. So while everyone is arguing over reopening the country and using this as a political football for business owners and the newly unemployed to clash with the people seeking the moral high ground of safety at all costs, a lot of chess is being played on the global level.

It was supposed to be about slowing the spread so the hospitals do not become overwhelmed so that people that otherwise could be saved, like someone in a car crash, etc., could be saved because the resources were not all being used on the virus.

The death rate is still 2 to 3 x the norm in NY from this. That takes into account all deaths, not just the virus.

At some point things will open up again. It will be shortly and then we will have another wave. The Chinese are seeing it right now.

Yes, we should do what we can to.lessen our dependence on Chinese manufacturing. The problem is that corporate America and the populace love cheap stuff made by Chinese slaves and kids.

I mean flattening the curve was certainly the story. Ventilators and beds and emergency pop up hospitals and OMG WE ARE ALL GONNA DIE. But really it’s the perfect storm for a bunch of BS. So even if the disease isn’t as bad as we thought and all these things never came to fruition it’s simply because THE SHUTDOWN WORKED RIGHT? Kudos to those brilliant people in charge for doing the difficult things necessary to save lives! We flattened the curve!

But what if it just really wasn’t that bad and wouldn’t have been that bad even if we’d have carried on as normal? One could point to northern Italy as an example but there are a lot of factors in play there that made it the prime location for a very bad outbreak. We’ll never know and that’s *probably* a good thing but I’d love to see some stats on what percentage of hospital and healthcare resources have even been allocated to COVID-19 patients.
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fucking

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Re: WTF did Trump do to the stock market?
« Reply #356 on: April 24, 2020, 01:08:41 PM »
Plenty of smart people play dumb characters on the internet.

I can think of two. (Hi Bonbon!) And on that front, Ken M. liked my Tweet recently.

Many, many more people are just plain stupid.

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fucking

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Re: WTF did Trump do to the stock market?
« Reply #357 on: April 24, 2020, 01:11:25 PM »

It’s about forcing re-nationalizing manufacturing and lessening our economic dependency on China in the same way we used to talk about lessening our dependence on foreign oil.

I like this four-dimensional chess where Big Gubmint is forcing us to cook at home rather than outsourcing our meals.

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murphstahoe

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Re: WTF did Trump do to the stock market?
« Reply #358 on: April 24, 2020, 03:22:21 PM »

It’s about forcing re-nationalizing manufacturing and lessening our economic dependency on China in the same way we used to talk about lessening our dependence on foreign oil. This is something Trump has been talking about for ages. So while everyone is arguing over reopening the country and using this as a political football for business owners and the newly unemployed to clash with the people seeking the moral high ground of safety at all costs, a lot of chess is being played on the global level.

If Trump gave one shit about lessening our economic dependency on China, he and Ivanka would not be selling products manufactured in China. Trump talks about this as a smoke screen to build an image. The use of manufacturing in China isn't some sort of government issued declaration, it is a decision made by corporations, and Trump is a corporatists, remember how his whole mantra was that he's an outsider and businessman.

He isn't designing a strategy to improve the country - Trump is only about Trump. Full stop.

Similarly - lessening our dependency on foreign oil isn't about lessening our dependency on foreign oil, it's about US based oil companies wanting to make more money by getting access to oil fields with subsidy and externalizing the environmental damage. Hey, we fucked up ANWAR but you know, we lessened our dependency on foreign oil. The proper strategy to reduce said dependency, if we were worried about our overall net result, would be to figure out how to use *LESS* oil. But Exxon doesn't profit from that, and if Exxon doesn't profit, they can't contribute money to campaigns.

Wait what? For years he’s been saying he’ll bring jobs back to the US and has been labeled a nationalist and such. If I had a dime for every time Nichi has lambasted him for his anti-globalist nationalist attitude and policies I could have retired before the stock market crashed. Everyone threw a fit over the tariffs and how that was going to wreck our economy. We’ve been in a trade war with China for some time. Everyone threw a fit over the immigration reform and the wall and the travel ban on Muslims.

In just six weeks time during this shutdown there are cottage industries popping up all over America that are filling the void left by the slowdown in global commerce and products and people moving internationally. He essentially has banned all immigration now. He’s taken all the things people were complaining about previously and now turned them around to the point where people are rooting for the same principles they used to despise. Just under a different guise.

Nice Try.

Saying that Trump is lying when he says he is trying to do thing A, is not saying that thing A is a good thing to try to do.

And saying that doesn't mean that what Trump is actually doing is good.

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murphstahoe

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Re: WTF did Trump do to the stock market?
« Reply #359 on: April 24, 2020, 03:28:38 PM »
I mean flattening the curve was certainly the story. Ventilators and beds and emergency pop up hospitals and OMG WE ARE ALL GONNA DIE. But really it’s the perfect storm for a bunch of BS. So even if the disease isn’t as bad as we thought and all these things never came to fruition it’s simply because THE SHUTDOWN WORKED RIGHT? Kudos to those brilliant people in charge for doing the difficult things necessary to save lives! We flattened the curve!

But what if it just really wasn’t that bad and wouldn’t have been that bad even if we’d have carried on as normal? One could point to northern Italy as an example but there are a lot of factors in play there that made it the prime location for a very bad outbreak. We’ll never know and that’s *probably* a good thing but I’d love to see some stats on what percentage of hospital and healthcare resources have even been allocated to COVID-19 patients.

We've shut the country down and we already have 50k deaths - which would be a extremely bad flu season, and we will probably go over 100k because the case load isn't slowing - only the *rise* in case load is slowing. If we hadn't shut things down it would be much, much worse.