RochesterRob

If passed this will be nothing more than feel good legislation for US citizens. The CCP is no doubt having a good laugh over it.

This is more than a child-like tantrum. The leftists are making their play for power. The people that suckled at the teat of far left professors during the 1960's, 1970's, and 1980's are nearing the ends of their lives and want to see their dreams turn into reality before their dirt naps begin.

Schumer wants a misstep by Trump so the Dems can scream : "You see. We told you Trump was a Nazi!"

Even with guarantees banks are held to standards in terms of making sound loans. A board of directors will want to know that they will not be held to any penalties in making loans that are not sound by traditional standards. Penalties that could include fines and/or imprisonment. Also, with the general economy twisting in the wind a couple trillion dollars will dissipate rather soon given what modern businesses are valued at. News this morning that impacts WNY'rs is in quite a few instances milk is not being picked up from dairy farms. This is a loss of income plus nearly all dairies have commercial debt that they now will have great difficulty servicing. Who gives the OK in the federal government to roll loans over indefinitely which is a violation of maintaining loan quality in normal times? Let dairies fail and the value of assets falls greatly reducing the solvency of other remaining dairies. In my mind "W"s and swooshes are all cubicle talk by people who have no idea as to how the economy functions outside a classroom looking at non-realistic variables.

With the Swoosh you are assuming creditors will be willing to grant credit readily. I worry that creditors will be very wary of granting credit to anything that they perceive as being shaky which could be most of the economy in their eyes. So does the government twist private lending institutions into making loans? Does the government get into the credit business wholesale and the taxpayers assume the risk of default? Maybe it is just me but my thought is that swoosh believers are working in a vacuum without understanding the economy in a broad sense.

That same government which was running a sham impeachment? The leaders of which who could have been working on legislation relative to Corona virus to be approved by the Senate and then the President? That government?

I'm hearing 12-18 months right now.

Once again I would suggest that South Korea's programs are driven primarily by fears of irresponsibility by neighbors China and North Korea.

The only couple of things that Pelosi is working on is trying to get rid of Trump and creating leftist economic fantasies for her district of nuts in SF. She is useless to 99 percent of the US.

Let's ponder a couple of scenarios. A casino such as Del Lago is only going to staff based on business they actually see coming through the door. If business is running 50 percent of normal the whole contingent of employees who were on the payroll before the virus shutdown will not be called back during that time. There will still be people at home who were employed by Del Lago but are not bringing in a paycheck. A home improvement contractor is only going to have people on the payroll that can actually bring in income for the business. If 25-30 percent of that contractor's orders are cancelled then that contractor is going to have layoffs relative to the downturn in business.

I don't see how we are going to jump back to pre-virus employment levels in the short term even with an infrastructure stimulus. As you said the 2008 had a few narrow focuses in the economy but this time just about everybody across the board will be affected. I am not against an infrastructure stimulus but it will not cure close to all of the ills in the economy at present and what is ahead in the next 30-60 days. Why? Is Pelosi flying her broom around the US at mach 3 to stimulate wind energy?

I think many of us saw Trump's presser yesterday. The amount of people that may die could be really high. The economic damage that this downturn is going to cause is going to be devastating. There will be companies that don't make it out of this, that will permanently go out of business. Yes, at some point those companies will be replaced but the longer we are shutdown the more companies that will be in this group. This will not be a V sort of recovery that within a year we will be where we were before this happened. At least not as the way things are looking now. The $2.2 Trillion will provide some relief but the economic damage will be much greater than that. The important thing is that very little of this is because of bad business practices. With all that said, Trump is actually right here. Improving Infrastructure is a function of a government and it is something that has been on his and the Democrats agenda for a while. There is no better time to borrow money than right now. Interest rates are below .25%. That is unbelievably low and since most of this debt is pushed out to long-term treasury bonds, the cost to service this debt is very low. So if you were a business owner, and you just went through a down turn and you needed to go to the bank to get a loan. And this loan would help you beef up your staff and improve and purchase new equipment that would have had to have been purchased anyway, wouldn't you just borrow as much as you possibly could considering that the interest rates are near 0%? You'd be helping by providing more jobs and getting your business back to order as quickly as possible. The concept remains for the government, we are in a deep hole and each day that passes by that hole gets deeper. This is a time where government can step in and help with relief to its citizens and improve the infrastructure with better roads, bridges etc. As far as I'm concerned, all the things that government was planning on doing or likely to have been doing at some point, they may as well appropriate that now. The government will never have interest rates as low as they are now and it only makes good business sense to borrow now while rates are this low. Maybe not bad business practice but everybody including government and business leaders encouraged the public at large to junk personal savings back in the 1990's for the sake of a short term economic "high." Now most people are caught between a rock and a hard place to maintain their life as they knew it. I don't know that the deficit matters anymore at this point in time because we left our old world behind just days ago. We will be forced to embrace a new world in terms of incentive to work and save whether we like it or not. The alternative is to let anarchy be wide spread complete with looting and killing.

I don't doubt this as China just has a whacked way of looking at things. The US may yet truly rue the day it hopped into bed with China for the sake of trade.

FIFY.

What are you doing to minimize your footprint on the environment?

Tiberius is master of his domain (think Seinfeld).

No one person can see all the possibilities in what a shutdown will do to the US. Some businesses will never reopen and some people will take years to find employment. America is more than a cubicle farm, auto dealership, or some other business that has its name on the side of a building. Cuomo should have limited the shutdown to the elderly who most likely were retired and the vulnerable who would have issues in a normal flu-type season. I predict that unemployment will take months to get back below 15 percent and many Americans will be financially ruined because their business never reopened or they have been without income.

I would caution as to how much enthusiasm should be thrown to any one candidate especially if they do get elected President. For me Trump has been for the most part a happy accident but I do not want to elevate his stature to the level of deity. While FDR and LBJ had laudable ideas they certainly had flaws as politicians. FDR had a hawkish streak going way back to his time as undersecretary for the US Navy during WWI. From what history I studied at Cornell it is possible that while FDR did not know of a specific planned action against the US by Japan he did know how to elicit a certain attitude which might lead to war in ordering the US Pacific Fleet from San Diego to Hawaii. He certainly was made aware of Japan's irritation via US Ambassador to Japan Joseph Grew.

BillStime a new gator or Tiberius account?

So intellectually devoid that you are already reaching for the "r" word. I thought that you libs all agreed that using the "r" word was very insensitive and not PC. Anyways, I am very comfortable and confident that any false proclamations by you do not bother me. You on the other hand are quite insecure. I suggest that you go outside now that the rain has stopped and listen to the water run through Cattaraugus Creek. It can be very soothing and a start towards the self-examination you desperately need to reboot your life.

You got that right! And you never will be. But you no doubt imagine yourself president of your little hobo paradise along Cattaraugus Creek. Wild garlic and onion are greening up so you can have a salad to go with your mushrooms.

In that Ralph Wiggum is a very accurate description of you then yes you have found your new avatar.

Hillary would have made sure that infected people were sent out amongst her enemies including the deplorable people in flyover country.

I am now seeking donations for a film project where in an alternate reality Hillary is arrested and tried for espionage, sedition, and treason against the United States of America.

Russia does in fact have nuclear weapons as does India so it makes the situation a game of emotions. The 3 powers have always had a pragmatic aspect in terms of trade of goods that can found outside their own borders. Beyond that general relations are generally cold. In the past several years there have been minor border skirmishes between India and China.