There should be a national dialogue in getting back to work

[Magox]

5 minutes ago, Taro T said:

 

It will be interesting to see if anything is left for sole proprietorships which have to wait until this Friday to apply.

 

I think it will.  But most of the loan applications to my understanding are coming from existing customers and people looking for loans who aren't customers are being somewhat shut out...Not entirely but being placed on the back of the list.    It's the natural progression of it but I would be very surprised if the money didn't dry up within the next few weeks.  That's why they need to add more funds to it ASAP.

[GG]

4 hours ago, Magox said:

This is Insane!

 

 

 

 

 

James Bullard clearly understands the economy more so than anyone here.  But this is insane.  How does he not see that this is nearly impossible to achieve from a logistical standpoint??

 

We are going to test everyone EVERY DAY???   Does he not know that this is not realistic?

 

And the very idea that there is a system of people wearing badges is beyond bizarre.

 

I hear that Germany is considering doing something similar.   

 

We all hear about the arguments on how minorities can't even get a photo ID to go vote, JUST FOR ONE SIMPLE FUNCTION, to vote.  But we are going to expect everyone, minorities included to go find testing centers or whatever mechanism they have in mind to get tested every single day??  Where does this badge come from?  Does it get revoked when you test positive?  Do you have to go somewhere to get it?  Do you print it?

 

This is beyond ludicrous.  I hope for the life of me that this IS NOT PART OF THE PLAN.

 

I have an idea for the badge.  How about overlapping yellow triangles?

[123719bwiqrb]

4 hours ago, Magox said:

This is Insane!

 

 

 

 

 

James Bullard clearly understands the economy more so than anyone here.  But this is insane.  How does he not see that this is nearly impossible to achieve from a logistical standpoint??

 

We are going to test everyone EVERY DAY???   Does he not know that this is not realistic?

 

And the very idea that there is a system of people wearing badges is beyond bizarre.

 

I hear that Germany is considering doing something similar.   

 

We all hear about the arguments on how minorities can't even get a photo ID to go vote, JUST FOR ONE SIMPLE FUNCTION, to vote.  But we are going to expect everyone, minorities included to go find testing centers or whatever mechanism they have in mind to get tested every single day??  Where does this badge come from?  Does it get revoked when you test positive?  Do you have to go somewhere to get it?  Do you print it?

 

This is beyond ludicrous.  I hope for the life of me that this IS NOT PART OF THE PLAN.

 

I been prattling on about this for over a week - I'm glad someone else agrees with me that is F U C K I N G insane.

[Koko78]

On 4/5/2020 at 5:45 PM, Tiberius said:

 Socialism brings us affordable milk. 

 

On 4/5/2020 at 9:32 PM, Tiberius said:

Yup! FDIC is socialism for banks. Socialist security is loved by everyone 

 

On 4/5/2020 at 9:30 PM, Niagara Bill said:

Socialism is a word that venture capitalists want you to think as evil. Danny May and Freddy Mac are socialist programs bigger than anything other countries have

 

What are two morons who don't know what Socialism is?

[Tiberius]

7 hours ago, Koko78 said:

 

 

 

What are two morons who don't know what Socialism is?

Oh, this will be awesome. Do tell us koko, what is socialism, define it in your own words. Hope that isn't an impossible job for you. 

 

Go! 

[Niagara Bill]

23 hours ago, 3rdnlng said:

Well, you certainly are an expert.

Pick on a spelling mistake and not the statement of truth. Freddy and Fanny make the US government the largest housing landowner in the world. Because of how mortgages are designed in USA and interest deductions the property is actually owned by the mortgage holder. That allows walkways which was a major contributor to 2008 crisis. The rest of the world mortgages cannot be walked away from. The debt follows the debtor not lender.

[B-Man]

When Should Trump Restart the Economy?

by Christopher Chantrill

Original Article

 

As the world shudders into Easter and the death toll on the China virus continues to rise, the question is: should we quarantine or should we restart the economy before the shutdown kills us? Or, more exactly, when should President Trump brave the sneers of the White House press corpse and proclaim that America is Back? The answer, I think, is pretty clear. It will be midway between the point where only crazed libertarians propose a return to work and the point where Nancy Pelosi would announce that she is appointing a House Select Committee to investigate Trump’s criminal delay in restarting the economy.

 

 

.

[3rdnlng]

2 hours ago, Niagara Bill said:

Pick on a spelling mistake and not the statement of truth. Freddy and Fanny make the US government the largest housing landowner in the world. Because of how mortgages are designed in USA and interest deductions the property is actually owned by the mortgage holder. That allows walkways which was a major contributor to 2008 crisis. The rest of the world mortgages cannot be walked away from. The debt follows the debtor not lender.

Typical ***** liberal making excuses for their ignorance. You called Fannie Mae, Danny May. Somehow I don't consider that a "spelling mistake" or a typo. Next you'll be saying "auto correct" did it or your fat fingers can't type on a phone. Why do you refuse to take responsibility?

 

"Walkaways" are not as you describe. They are defaults and the lender can certainly go after the borrower. First, they take the real estate back and if that doesn't cover the debt they have every right to take the borrower to court to recoup the difference, plus a lot of fees and court costs. Do you have some compulsion to always be wrong on every subject, or is that just a Canadian thing?  

Edited April 7, 2020 by 3rdnlng

[Q-baby!]

31 minutes ago, 3rdnlng said:

Typical ***** liberal making excuses for their ignorance. You called Fannie Mae, Danny May. Somehow I don't consider that a "spelling mistake" or a typo. Next you'll be saying "auto correct" did it or your fat fingers can't type on a phone. Why do you refuse to take responsibility?

 

"Walkaways" are not as you describe. They are defaults and the lender can certainly go after the borrower. First, they take the real estate back and if that doesn't cover the debt they have every right to take the borrower to court to recoup the difference, plus a lot of fees and court costs. Do you have some compulsion to always be wrong on every subject, or is that just a Canadian thing?  

Says the creepy dude. 

[OldTimeAFLGuy]

23 hours ago, Magox said:

 

I think it will.  But most of the loan applications to my understanding are coming from existing customers and people looking for loans who aren't customers are being somewhat shut out...Not entirely but being placed on the back of the list.    It's the natural progression of it but I would be very surprised if the money didn't dry up within the next few weeks.  That's why they need to add more funds to it ASAP.

 

.....with final PPP regs being issued last Thursday at 10PM, the banking industry went into turmoil studying the new verbiage, thinking that customers who initially did qualify, now WOULD NOT....Bank of America was one who suspended all loan applications and is now facing multiple lawsuits.....M&T Bank, based in Buffalo with a significant presence on the East Coast, did not launch the site application until yesterday.....500 applicants crashed their system.....normal SBA guidelines have been relaxed so a company I know entered their "number of employees of >500" and their app was rejected, referencing normal SBA guidelines.....another regional bank in Rochester had 15 employees do on-line training for PPP and Disaster Loan processing....SBA does have TWO on-line  loan platforms as in pre Covid-19 and current Covid-19 programs.....they trained on the PRE-COVID 19 system which was a huge waste....existing customers are livid.....I completed our corporate PPP app last night, met with our bank execs this morning and within 5 minutes of submittal, SBA issued us a confirming application number.....our bank has their stuff together and is processing fluidly for customers and non-customers.....there are NO SBA fees but banks get a percentage commission based on loan size, starting at 5% and scaling down to 1%.....our bank, being "on top of it", is experiencing an exponential new customer growth curve due to their readiness....

[B-Man]

The best news is economic rather than medical, in my opinion. Over the last 36 hours, both Larry Kudlow and Steven Mnuchin have said that the Trump administration wants to re-start the economy in the relatively near future:

President Donald Trump’s administration hopes that “in the next four to eight weeks, we will be able to open the economy,” Kudlow told Politico in an interview on Tuesday, as Treasury Secretary Steven Mnuchin issued similar statements to Fox News about the administration’s desire to re-start the economy.

 

“The president is very much looking at how we can reopen parts of the economy,” Mnuchin said on the network. “There are parts of the country, like New York, where obviously this is very, very concerning. There are other parts of the country where it’s not.”

Geography is one way to approach the process. Most of the U.S. has in fact been little affected by the virus.

“The president would like to reopen the economy as soon as he can and we are planning internally,” Kudlow said on the network, adding that the spread of the Chinese Communist Party (CCP) virus is what will determine when the economy is reopened. “I am hoping … we’re only a few weeks away from a reopening. We’ll see,” he said.

 

Depending on what “a few” and “reopening” mean, that could be excellent news. The administration needs to push aggressively to end the shutdowns that have unemployed millions, destroyed countless businesses, devastated the financial markets and put the economy–and the lives of hundreds of millions–in a state of suspended animation.

 

 

https://www.powerlineblog.com/archives/2020/04/more-good-covid-19-news.php?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+powerlineblog%2Flivefeed+(Power+Line)

[Pine Barrens Mafia]

8 hours ago, Q-baby! said:

Says the creepy dude. 

 

Fetter this malefactor to the rocks in adamantine bonds infrangible.

 

Someone please.

[Q-baby!]

38 minutes ago, Joe in Winslow said:

 

Fetter this malefactor to the rocks in adamantine bonds infrangible.

 

Someone please.

Hey it was 3iq talking about his child star friend?

[reddogblitz]

On 4/6/2020 at 3:01 PM, GG said:

 

I have an idea for the badge.  How about overlapping yellow triangles?

 

I was thinking of maybe a Scarlett letter for the ones that flunk.

[123719bwiqrb]

Just now, reddogblitz said:

 

I was thinking of maybe a Scarlett letter for the ones that flunk.

You mean the people who followed the social distancing to a tee and never got exposed?  So they should be the flunkees of the magical antibody test?  Sounds fair to me.

[reddogblitz]

2 hours ago, B-Man said:

Geography is one way to approach the process. Most of the U.S. has in fact been little affected by the virus.

 

This is all well and good as long as they keep the areas still quarantined people where they are. If a few of them to go one of these unaffected areas, then it's back on there

[Chef Jim]

16 hours ago, Tiberius said:

Oh, this will be awesome. Do tell us koko, what is socialism, define it in your own words. Hope that isn't an impossible job for you. 

 

Go! 

Says the guy who thinks the FDIC is socialism. ?

[3rdnlng]

4 minutes ago, Chef Jim said:

Says the guy who thinks the FDIC is socialism. ?

He's still wondering if they are going to call up the Federal Reserve.

[shoshin]

10 hours ago, B-Man said:

The best news is economic rather than medical, in my opinion. Over the last 36 hours, both Larry Kudlow and Steven Mnuchin have said that the Trump administration wants to re-start the economy in the relatively near future:

President Donald Trump’s administration hopes that “in the next four to eight weeks, we will be able to open the economy,” Kudlow told Politico in an interview on Tuesday, as Treasury Secretary Steven Mnuchin issued similar statements to Fox News about the administration’s desire to re-start the economy.

 

“The president is very much looking at how we can reopen parts of the economy,” Mnuchin said on the network. “There are parts of the country, like New York, where obviously this is very, very concerning. There are other parts of the country where it’s not.”

Geography is one way to approach the process. Most of the U.S. has in fact been little affected by the virus.

“The president would like to reopen the economy as soon as he can and we are planning internally,” Kudlow said on the network, adding that the spread of the Chinese Communist Party (CCP) virus is what will determine when the economy is reopened. “I am hoping … we’re only a few weeks away from a reopening. We’ll see,” he said.

 

Depending on what “a few” and “reopening” mean, that could be excellent news. The administration needs to push aggressively to end the shutdowns that have unemployed millions, destroyed countless businesses, devastated the financial markets and put the economy–and the lives of hundreds of millions–in a state of suspended animation.

 

 

https://www.powerlineblog.com/archives/2020/04/more-good-covid-19-news.php?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+powerlineblog%2Flivefeed+(Power+Line)

If the federal government does not control shutdowns, it doesn’t get to decide when to reopen. 
 

it should take control so we reopen in a smart way but it seems like that won’t happen. 

Edited April 8, 2020 by shoshin

[Doc Brown]

10 hours ago, B-Man said:

The best news is economic rather than medical, in my opinion. Over the last 36 hours, both Larry Kudlow and Steven Mnuchin have said that the Trump administration wants to re-start the economy in the relatively near future:

President Donald Trump’s administration hopes that “in the next four to eight weeks, we will be able to open the economy,” Kudlow told Politico in an interview on Tuesday, as Treasury Secretary Steven Mnuchin issued similar statements to Fox News about the administration’s desire to re-start the economy.

 

“The president is very much looking at how we can reopen parts of the economy,” Mnuchin said on the network. “There are parts of the country, like New York, where obviously this is very, very concerning. There are other parts of the country where it’s not.”

Geography is one way to approach the process. Most of the U.S. has in fact been little affected by the virus.

“The president would like to reopen the economy as soon as he can and we are planning internally,” Kudlow said on the network, adding that the spread of the Chinese Communist Party (CCP) virus is what will determine when the economy is reopened. “I am hoping … we’re only a few weeks away from a reopening. We’ll see,” he said.

 

Depending on what “a few” and “reopening” mean, that could be excellent news. The administration needs to push aggressively to end the shutdowns that have unemployed millions, destroyed countless businesses, devastated the financial markets and put the economy–and the lives of hundreds of millions–in a state of suspended animation.

 

 

https://www.powerlineblog.com/archives/2020/04/more-good-covid-19-news.php?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+powerlineblog%2Flivefeed+(Power+Line)

Kudlow.  He's been so wrong over the years that this article makes me more pessimistic.  I'm really hoping warmer weather will slow this thing down and a reliable antibody test is developed as you want to restart the economy without restarting the virus.