US Donald Trump Says U.S. Won’t Close Economy Again, Even If There’s A Second Wave Of Coronavirus - GDP is supreme

https://deadline.com/2020/05/donald-trump-says-u-s-wont-close-again-second-wave-coronavirus-1202941173/

https://archive.li/0zj6M

President Donald Trump on Thursday said “we are not closing our country” if the U.S. is hit by a second wave of COVID-19.

His comments come on the same day that the United States reported another 2.4 million Americans applied for unemployment benefits last week That brings the total of new unemployment claims to more than 38 million in nine weeks..

In reference to states like California which have not reopened as quickly as others Trump said, “I don’t think the people are going to stand for it.” Yet Texas, North Carolina and Arizona have reported spiking numbers of cases as they’ve moved into reopening.

“People say that’s a very distinct possibility, it’s standard,” Trump said when asked about a second wave.
In a worst-case scenario, the infection curve of COVID-19 could mimic the most deadly pandemic in American history, the Spanish Flu.

More people died during that 1918 pandemic than the total number of military and civilian deaths that resulted from World War I and, according to the CDC, the second wave in the fall was responsible for most of the U.S. deaths attributed to that outbreak.

The president made his comments during a tour of a Ford factory in Michigan which has been converted to produce ventilators.

National Institute of Allergy and Infectious Diseases director Dr. Anothony Fauci testified last week before Congress about a second wave.

“I hope that if we do have the threat of a second wave we will be able to deal with it very effectively to prevent it from becoming an outbreak not only worse than now but much, much less,” Fauci said.

Centers for Disease Control and Prevention Director Robert Redfield said last month that battling the virus in the fall could be “more difficult and potentially more complicated because we would have flu and coronavirus circulating at the same time.”

But Trump on Thursday remained confident in the country’s ability to deal with a resurgence.

“We are going to put out the fires. We’re not going to close the country,” Trump said. “We can put out the fires. Whether it is an ember or a flame, we are going to put it out. But we are not closing our country.”

Trump appeared at the Ford factory without a mask on Thursday, despite requirements at the facility that everyone wear PPE. The president said that he had taken his mask and eye shields off to speak with the media.
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Just because the US doesn't want to be shutdown, doesn't mean foreign countries will go with it too. The situation is dynamic and you should be shutdown if it's a problem or other countries near by are having problems. Why is shutting it down never an option again?

 

[Cpl. Long Dong Silver]

So would having 1-2% of your population die to a virus. The economy can recover, but dead people stay dead. Reopening isn't going to be some magic bullet, either. People are still going to avoid going out

Far more people would go out than stay in and those 1-2% would likely have died even without COVID given all their comorbidities

 

[teriyakiburns]

If anything, living in squalor should make their immune systems even better...

No, it really doesn't work like that. Persistent environmental contamination can superficially appear to strengthen your immune system, but that doesn't balance against the constant fight against endemic infection; your immune system is tuned to fight against its environment, weakening it to novel infection. Your immune system is not an infinite resource, and if it is constantly fighting against endemic environmental contamination, it has fewer resources available to also fight against a novel infection. This is why novel infections tend to cluster and sink in poverty-stricken communities.

 

[Coldgrip]

Uh huh. Are you saying that to save 1-2% of population, we must sacrifice the well being and safety of everyone else?

That's pretty selfish of you.

Sounds pretty communist to me.

 

[Hollywood Hulk Hogan]

Why should I be forced to spend that life cooped up with no job?
For the sake of Ethel and Mortimer? They were going to die before this whole mess, - we all are going to die eventually - if the WuFlu sped that up then it's perhaps tragic, but still inevitable.

Call me a selfish edgelord all you want, but I would rather be able to afford a funeral for my elderly loved ones instead of dying in sheer destitution because "oooo scary virus bad".

So you're willing to have your parents be the 2% of people that die? I am sure they'd be happy to hear that

 

[afternoon_tea]

Are you willing to be one of those 1-2%, or have it be your parents, that die for the economy?

Lots of people are willing to do this. Those people are the reason your lights are on, your garbage gets picked up and you can go buy food to put on your plate.

Do you think we should close down the farms and grocery stores because the workers might get sick? Or is it ok to sacrifice some lives as long as your life depends on it?

 

[Hollywood Hulk Hogan]

Dude, I've already broken down the cost of that for you, which is why I don't agree with @Shield Breaker that you're saying any of this in good faith. I also don't think that you're approaching this from the position of someone who's been upper middle class their entire life, because someone that's been upper middle class their entire life would have received enough education to realize that printing out that kind of money for an indeterminate period of time would invariably bankrupt the country and leave everyone destitute, and no amount of Robin Hood'ing would even sufficiently mitigate that reality.

ADD: Actually, I take that back. Someone that's been upper middle class their entire life probably received enough faulty education to think that monthly UBI for the workforce for an indeterminate period of time would be feasible, let alone reasonable.

I have a college degree and do indeed live in the upper-middle class.

A temporary UBI would help alleviate, not only people affected by the lockdown so far, but would help the businesses damaged by it. Other countries have done it, why can't we?

However, I also am smart enough to see that a government that screeches and tardrages about "the deficit" doesn't actually believe in that or they wouldn't have been cheering for the upper-class tax break a few years ago. You are just anti-lockdown because your lord and savior Trump tells you it's bad. You don't give two shits about rights or you wouldn't support Trump.

Since you tried to guess my background, it is my turn to guess yours. Since are a Trumper, I am guessing you are lower-middle class, with no four-year college degree (probably an associates at most). I could also see you being in college currently, hence the extreme right-wing views.

Lots of people are willing to do this. Those people are the reason your lights are on, your garbage gets picked up and you can go buy food to put on your plate.

Do you think we should close down the farms and grocery stores because the workers might get sick? Or is it ok to sacrifice some lives as long as your life depends on it?

You really don't get it, do you?

The more people are out and about, the more the people who work at groceries stores and etc are in danger. Look up how this disease spreads.

 

[FuckedUp]

I have a college degree and do indeed live in the upper-middle class.

A temporary UBI would help alleviate, not only people affected by the lockdown so far, but would help the businesses damaged by it. Other countries have done it, why can't we?

However, I also am not exceptional enough to see that a government that screeches and tardrages about "the deficit" doesn't actually believe in that or they wouldn't have been cheering for the upper-class tax break a few years ago. You are just anti-lockdown because your lord and savior Trump tells you it's bad. You don't give two shits about rights or you wouldn't support Trump.

Since you tried to guess my background, it is my turn to guess yours. Since are a Trumper, I am guessing you are lower-middle class, with no four-year college degree (probably an associates at most). I could also see you being in college currently, hence the extreme right-wing views.

Bro, I was staunchly anti-quarantine back in February, when it sorta seemed to be the right-wing stance if anything. I was actually thinking "holy shit, the libtards are right for once".

Since are a Trumper, I am guessing you are lower-middle class, with no four-year college degree (probably an associates at most). I could also see you being in college currently, hence the extreme right-wing views.

Okay, there is absolutely no way you're not baiting.

 

[neverendingmidi]

Look at all the bodies stacking up like cordwood in Georgia and Florida! We're all gonna die!

we just need to send more covid positive people into nursing homes to fix things like how New York has done such a wonderful job of controlling things!

 

[Hollywood Hulk Hogan]

Bro, I was staunchly anti-quarantine back in February, when it sorta seemed to be the right-wing stance if anything. I was actually thinking "holy shit, the libtards are right for once".

No it wasn't. Trump was against the quarantine up until that study from the UK came in and someone told him it would kill his re-election chances if a few million Americans die from it. Liberals were for the lockdown way before he was.

 

[MrJokerRager]

No it wasn't. Trump was against the quarantine up until that study from the UK came in and someone told him it would kill his re-election chances if a few million Americans die from it. Liberals were for the lockdown way before he was.

Lies.

https://www.nbcbayarea.com/news/local/nancy-pelosi-visits-san-franciscos-chinatown/2240247/

http://archive.li/zX3Ex

Nancy Pelosi Visits San Francisco’s Chinatown Amid Coronavirus Concerns

Speaker of the House Nancy Pelosi toured San Francisco's Chinatown Monday to send a message. She said there's no reason tourists or locals should be staying away from the area because of coronavirus concerns.

"That’s what we’re trying to do today is to say everything is fine here," Pelosi said. "Come because precautions have been taken. The city is on top of the situation."

Pelosi visited The Wok Shop, a temple and the Golden Gate Fortune Cookie Factory, which was started 58 years ago by owner Kevin Chan's mother and uncle.

Chan said his business is losing about $500-$800 a day, or about 70% on average. He believes the fear of the virus is racially motivated.

"I think it's because even if I walk out and cough a little bit — my throat is itchy — they look at me, 'Oh,' like this, 'scary,'" he said.

As Pelosi walked from the Golden Gate Fortune Cookie Factory to lunch at a dim sum restaurant, she hugged friends and waved to onlookers. She downplayed the racism issue, saying she understands people are concerned about China – the epicenter of the novel coronavirus.

"But that shouldn’t be carried over to Chinatown in San Francisco," she said. "I hope that it’s not that. But all I can say is, 'I’m here.' We feel safe and sound, so many of us coming here."

Pelosi did say she was concerned that President Donald Trump's budget cuts 19% of funding for the Centers for Disease Control and Prevention.

In India Monday, Trump said the virus is under control in the United States.

 

[teriyakiburns]

I have a college degree and do indeed live in the upper-middle class.

A temporary UBI would help alleviate, not only people affected by the lockdown so far, but would help the businesses damaged by it. Other countries have done it, why can't we?

The only country that's done anything like a UBI is finland, as a temporary experiment, cut short because of budgetary considerations and projected inflationary issues (basically the ran out of money and realised that extending it to the entire population would blow up the economy). The rrojected costs for even just a few months of UBI were unsustainable.

Absent all other considerations, a UBI would improve the lot of the lower classes immensely, but you can't just ignore all those considerations. The two main problems are: where does the money come from, and what effect might it have on the economy?

The first is simple. Not easy, obviously, but simple: increase taxes on high earners and business. What are the obvious reasults of that? Businesses pass that cost on to their customers and clients. High earners just leave the country or transfer their wealth away to where it can't be taxed. The former is an inflationary effect, whilst the latter creates a deficit, which also causes inflation as government borrowing is increased to cover the shortfall from the projected tax revenue that assumed the rich wouldn't simply move their wealth out of reach.

Borrowing to give the entire population a regular paycheck for just a few months, from effectively nowhere, is a further inflationary effect: you're adding more money to the economy from literally nowhere, reducing the value of your currency in the process, whilst increasing the national debt by orders of magnitude. Prices will rise to compensate for the currency's reduced purchasing power. The UBI will have to increase to cover the increased price of everything. The result is a never-ending inflationary spiral of constantly increased borrowing and spending to supply an consistent, inflation-adjusted income. An export-oriented economy could probably weather this for a while longer than an insular or service-based economy, but you can only devalue a currency so much before it becomes impossible to sustain.

Also, for the record, I have a degree and a middle-class income. Fuck you if you call me middle class though.

 

[Zero Day Defense]

I have a college degree and do indeed live in the upper-middle class.

Get a refund.

A temporary UBI would help alleviate, not only people affected by the lockdown so far, but would help the businesses damaged by it.

File a fraud lawsuit against your alma mater.

You are just anti-lockdown because your lord and savior Trump tells you it's bad. You don't give two shits about rights or you wouldn't support Trump.

I'm anti-lockdown long term because we're at Great Depression levels of unemployment and the proposed V-shaped downturn is at active risk of becoming a U. We can protect people the best we can without having to shut down everything and poofing away livelihoods that took decades to build. That's literally what's happening right now, as we move towards reopening-- we're opening even dine-in restaurants, but we do so at limited capacity.

Are you aware that they're projecting that half of all small businesses may shutter during this pandemic? Are you aware that this drum's been beat since April and we may have already gotten to that point? How many jobs do you think that is? Livelihoods lost, people facing foreclosure, debt, or both? Even if you push back foreclosures and evictions, you can't erase the debt, which jobless people can't address without an income. Even when this ends, how many jobs do you think can be revived when businesses were shuttered? How worse do you think this will get the longer it goes on? What do we do when people end up out on the streets, homeless and even more susceptible to disease, and unwittingly a vector for it? What do we do when the homeless shelters swell and become infection clusters? If it doesn't happen until the pandemic ends and governors let loose the rubber band of debt they'd been holding back (if they did such a thing), what do we do when people crumble under their debts? And you want to provide sufficient, monthly UBI for every working American so they can hole up at home until you finally stop moving the goalposts?

You realize that we've been printing money from the future, right? We do owe debt as a country, and these expansive relief bills are casually tacking on non-negligible fractions of our standing debt with each presidential signature. Who do you think has to deal with that in the future?

Since you tried to guess my background, it is my turn to guess yours. Since are a Trumper, I am guessing you are lower-middle class, with no four-year college degree (probably an associates at most). I could also see you being in college currently, hence the extreme right-wing views.

Firstly, Shield Breaker was the one suggesting you were upper-middle class.

Secondly, I'm a software engineer.

Thirdly, I'm not right wing, nor am I a "Trumper".

Fourth, you're the reason why Trump even managed to win.

 

[Coldgrip]

So you're willing to have your parents be the 2% of people that die? I am sure they'd be happy to hear that

I like how you're arguing from emotion here and not reason. Really makes it easy to discard your arguments.

 

[Just Some Other Guy]

I like how you're arguing from emotion here and not reason. Really makes it easy to discard your arguments.

I'm still convinced they're just fucking with people. Ever since using "asteroid hitting Earth" as an analogy to Corona.

 

[Dafuqisdis?]

I have a college degree and do indeed live in the upper-middle class.

A temporary UBI would help alleviate, not only people affected by the lockdown so far, but would help the businesses damaged by it. Other countries have done it, why can't we?

However, I also am smart enough to see that a government that screeches and tardrages about "the deficit" doesn't actually believe in that or they wouldn't have been cheering for the upper-class tax break a few years ago. You are just anti-lockdown because your lord and savior Trump tells you it's bad. You don't give two shits about rights or you wouldn't support Trump.

Since you tried to guess my background, it is my turn to guess yours. Since are a Trumper, I am guessing you are lower-middle class, with no four-year college degree (probably an associates at most). I could also see you being in college currently, hence the extreme right-wing views.

If you were upper middle class you would probably know that the tax cuts were across the board for all income levels. So this is me doubting you.

 

[Cpl. Long Dong Silver]

Brainlets: "Would you be ok with X dying for the economy?"

Me an intellectual: I'm from Buenos Aries and I say kill em all!

 

[Dafuqisdis?]

So you're willing to have your parents be the 2% of people that die? I am sure they'd be happy to hear that

Won't someone think of the children octegenarians!

 

[Coldgrip]

I'm still convinced they're just fucking with people. Ever since using "asteroid hitting Earth" as an analogy to Corona.

Possibly, but people that think UBI is feasible are pretty out of touch and I don't put it past them to say crazy shit like that and mean it. After all, in their eyes it's not hyperbole.

 

[Dafuqisdis?]

Possibly, but people that think UBI is feasible are pretty out of touch and I don't put it past them to say crazy shit like that and mean it. After all, in their eyes it's not hyperbole.

You have to give people UBI until Corona goes away and we can open up the economy again. How will we get revenues for UBI when no one is working? YOLO.

For the record I agree with you I think this guy is sincere in that he has no clue how wealth is actually generated and no real grasp of cause and effect. It's an extremely common affliction.

 

[teriyakiburns]

You have to give people UBI until Corona goes away and we can open up the economy again. How will we get revenues for UBI when no one is working? YOLO.

Money Printer go BRRRRRR