How bad projections are in one picture (even extremely short-term)

16 thoughts on “How bad projections are in one picture (even extremely short-term)

  1. Sadly, NO ONE wants to hear this though. No one wants to believe they’ve been sold a bill of goods that has tanked our economy and if it continues, will put is in a place far worse than what we were like during the Great Depression of 1929, which lasted until WWII and beyond.

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      1. I also think this event has 100% cost Trump the state of Florida in the election. I can’t see him winning a second term without Florida. There was never going to be a serious outbreak here, but he and DeSantis have put a state that depends on tourism for its bread and butter out of business during peak months. He minted a lot of Independents.

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      2. I hope you’re right. It’s getting very scary indeed. I just hope that when all of this is over and done with, and life goes back to normal, that we don’t lose any of our freedoms that have been quietly imposed upon us during this time of panic and pandemonium.

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    1. People don’t lose elections only because someone else is more compelling. They lose them because people choose to stay home. In Florida, Trump is squarely in the latter camp. People don’t generally vote for someone who put them out of work.

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      1. And frankly, I am myself in that camp. I’m not okay with the economic fallout from this. I was a Trump supporter before this, but sacrificing a $21 trillion economy over bad models is exactly the sort of thing I wanted a businessman president to avoid. (And don’t even get me started on the loss of civil liberties.) I have personally been insulated from this event, but we spent Friday trying to find new jobs for friends who weren’t. And it was all completely unnecessary. If a smarter third-party candidate runs, they will have my vote over Trump. I don’t want corpse-tastic Biden as president, but it is hard to wreck things more than they are wrecked at this very moment, honestly. I get that not everyone follows finance and economics obsessively, but there is not a single economist right now who sees things going back to “normal” by November anymore.

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      2. Good point, but he has been acting like a war time President, and people usually don’t jump ship in the middle of a war either. I guess we will see what happens in November. Ther really is no one else though either. We have Joe Biden, who is suffering from Dementia/Alheimer’s and then there is Bernie Sanders, a self-avowed Socialist/Communist and Donald Trump, who is the encumbent President.

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      3. What is the difference between Trump and a socialist right now? Serious question. At the end of this, the Fed is going to own 2/3 of US Treasury bonds and a lot of the short-term loans that keep businesses operating even at 1/3 capacity. The US Treasury is going to have an equity stake in essential businesses. Trump is replacing the income for millions of Americans (all but the top 1% to be exact). And he has totally taken over manufacturing operations. We have governments arresting people for playing T-ball outside with their kids or paddleboarding. Governments decide specifically what businesses get to operate. What is the difference between that and Cuba?

        I think this will be the event that separates conservatives (ideologically) from hero-worshippers.

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      4. HUGE difference. This is temporary, and even though I do not like it, there wasn’t much of a choice, and every world leader has done the same thing, or even taken it to further limits. This is temporary, and that is the main difference. Under Socialism, this would be how life was lived, or far, far worse, everyday.

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      5. Ironically, I was looking at vacation packages to Cuba and ended up reading articles about how taxi drivers in Cuba made more money than doctors. It was hilarious, because public transportation is still open now, but doctors and staff are getting laid off at hospitals because hospitals are losing money by cutting off elective procedures waiting for an epidemic that will never arrive.

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      6. My nephew and his wife went to Cuba last year. They are very experienced travelers, and have been around the world. They HATED Cuba! He claims to be a Socialist too, and even he realized how bad Socialism really is.

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  2. Believe me, I am not happy about the $2.2T relief package or the loss of jobs either, but this was kind of “damned if you do and damned if you don’t” situation. It would have been far worse under a different President. I think President Trump is the best person to get us out of this situation, once life goes back to “normal”. He knows how to make $$$$$ and he is good at it. He has had many businesses fail and many more that have succeeded.

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  3. I am not saying I support socialism, but I have never seen anything like this before. I remember the 2008 crisis like it was yesterday, and it did not involve the government dictating who can and cannot be in business. It did not involve millions of Americans watching their civil liberties vanish and simply rolling over.

    I used to argue that this was the fault of state and local governments and not Trump, but last week Trump started dialing up state governors telling them to do this because this week would be the real deal. And it isn’t. It never was going to be. He got played on our dime.

    I legitimately fear for my child living in a country where something like this can happen. This is not the first illness to hit the US and far from the worst. This reaction is 100% the worst. I understand your desire to support Trump through this, but I personally hope a better leader is delivered to us. I don’t want a leader who bankrupts our country. I don’t want a leader who leaves my kid neck-deep in debt. I’ve spent years blaming (rightly) Democrats for a lot of dysfunction, but in this instance, it takes two to tango. I want a real leader, not the lesser of two evils who is a fake conservative.

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  4. And, honestly, I don’t think it is too much to ask that the President of the United States stands up to state and local governments. He’s done that a million times, but not when it actually mattered. I am not okay with that.

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