Look at Ray Ray Run

I dont think you realize how much it costs to reopen and pay rent/payroll/utilities and etc. People cannot return to their business because there is a virus attacking. No small business loan is going to cover a company that's going to be losing a million a week or etc until business returns. Also, unlike wall street, loans will destroy an industry with a margin between 6-12% regardless of how low the interest is. Its already an industry with very little profitability and a high failure rate; now you're tying in loan payments. Big Banks caused their own problems by being scumbag lenders and greedy; they were bailed out for bad business practice and made A LOT of money off the bailout. Hospitality didn't cause this problem yet will be straddled with even more debt via loans with no way of reinvesting that money into something with a guaranteed return higher than the interest rate. In addition, If they reopen the economy too early, which looks like a scary possibility right now, this bailout did nothing and you're back at square 1.

I actually read the entire reworked UI proposal from the senator from Colorado. He didnt even write that for COVID - he's been working on it for months. It was an interesting and solid proposal but not one that is being reviewed today.

Yeah you're talking 2 months without getting income if you were laid off and $1200-$2400 isnt going to pay months of bills.

And 1200 isnt going to save anyone home or job. The jobs are gone. This is going to be the third batch of corporate welfare in 15 years; these same lobbyist are the same who shame people for having safety net benefits. The system is broken and needs heavy reworking. Throwing 1/3rd of the GDP at the problem with very little revenue income following the massive tax cuts is a disaster. Companies didnt reinvest in their employees or systems/r&d last time - they just did massive stock buy backs and rebuys -and got rich off low interest government loans. Convenient capitalism. The same party and lobby who has endlessly pushed to roll back all regulations in the name of "free market capitalism" is the same group of people that put their handout first and take the majority of the distribution. Breaking news: trickle down economics is fake and 100% does not work. Period. End of story.

They just announced the package will be for 6 trillion dollars which is 1/3rd of the GDP. Only 2 trillion will be direct to american and 4 trillion will be QE and other corporate welfare.

6 trillion dollars; the average American take home will be about $3,000 even though it's $18,725 per American so Corporate welfare is alive and well. Just hilarious.

Good thing we didn't make a move for Noah; out for all of 2020 with TJ surgery. Tough break.

Our people want to return to work. They will practice Social Distancing and all else, and Seniors will be watched over protectively & lovingly. We can do two things together. THE CURE CANNOT BE WORSE (by far) THAN THE PROBLEM! Congress MUST ACT NOW. We will come back strong! Just amazing incompetence and denial about the severity of this thing. I'm not a financial doomsday kind of guy, but if he reopens the economy and tells everyone to go back to work and many states/governors listen and businesses follow lead (hopefully they won't), you are looking at a depression level economic downturn worse than we've seen in my lifetime. Reopening wouldn't save the economy, it would destroy it.

The US is talking about ending the shut down in like 4 days which is way sooner than any other country did.

Retweeted by the President: "They should take a SERIOUS LOOK at this..." Chuck Callesto wrote in the tweet posted to the president's account, with a link to a story with the headline "REPORT: French Doctor Reports 100 % Cure Rate Using Malaria Drug to Treat Corona Virus." The president should be dealing in facts, not internet circulated nonsense. I wonder why supporters of trump would turn to drugs like this with a 100% success rate as reported by the president. Sigh.

Dude he's the fucking POTUS. What arent you grasping. He had a cult like following who will listen to him at all costs. He's the leader of the biggest economy and most powerful military in the world. He should be cautious, articulate, and rational when he speaks about mattersile this. Making shit up and spouting off nonsense is dangerous for the people, period. He has misled and lied about drugs, tests, a website and companies making masks because all he cares about is the market. I'm not sure how anyone can defend his work throughout this and how anyone can defend him citing "miracle drugs" that have not been tested and approved! He needs to be responsible, honest and composed. He gone.

No chance.

Right now they have no bill to vote on. Republicans have put a bill with no checks and balances out there for 500 billion of the allocations; basically giving major companies no restrictions or guidance on how they distribute their "bailout money." Socialism is only a bad word when it's personal and not corporate in America. Major corporations are as pro-capitalism as it gets within their lobby's, but the second shit hits the fan they have their hands out quicker than anyone else. The most socialistic aspect of the American economy is it's major corporations. By far the biggest piece of news to come out of this is the Fed basically saying it will print however much money is necessary to stave off a depression. For all wondering if we could afford safety nets and etc, and the many who have argued against them, this is proof that the argument of "you can't just print money" was pure nonsense. The Fed is proving time and time again that the value of the dollar is not tied to any sort of demand network, nor is it tied to anything but for perceived value, and that their insistence on not attacking the homeless and poverty problem in this country with "money can't be printed" excuse was pure nonsense. The Fed Govt will once again give billions to big corporations to distribute among the top while they screw the average workers all the way to the bank.

Hope all are healthy and well. It's been a wild and crazy week, and don't think it delivered much good news for most. Trump is already starting to push for an end after 15 days, which really wouldn't just be pointless and negate the positive effects of the 15 days. Regardless, the economy needs a boost that isn't the government printing money and buying bonds; you can put money in everyone's pocket, but if jobs aren't there when things reopen nothing will matter. Illinois is looking at 1,000,000 being furloughed possibly, and if the businesses with temporary closings don't get help soon, those furloughed employees will soon be permanently unemployed.

You can be if you surround yourself with brilliant people... which we all know isn't the case right now.

CEO/boss tested positive. Pretty ridiculous; he was at the office on Friday and reportedly symptomatic; we had meetings and etc all day. Just stupid.

You're not a scientist, so you are not forming any hypotheses. Stay safe.

No, this is what scientists are saying. You are speculating based on absolutely nothing but your own personal thoughts. Instead of spreading misinformation at a time like this, let's focus on the facts for now.

I recommend you read this: https://www.linkedin.com/content-guest/article/notes-from-ucsf-expert-panel-march-10-dr-jordan-shlain-m-d-/

Half the population does not have it right now. That is not at all what has been said. The growth rate puts it at 40-70% over the next 18 months. You're literally speculating and cherry picking numbers to better your case. That's not how statistics works.

How is testing pointless?

Yup, reversed course right after receiving the pressure but only by cancelling recess, not by agreeing to a bill to help people. Still won't pass the house bill because someone he doesn't like sponsored it... and the Senate nor the WH have a bill ready to go. The bill proposed by the House would have done a lot of good for a lot of people.

There are ways to protect yourself; there would be even more if they pass a damn bill. I don't know much about what you do, but just know that there is hope and opportunity to maintain your business through a time of shutdown that is not within your control. For starters, review your insurance agreements and seek out your act of god clauses; see if there were any worked in protections on that side. There are other things as well. I hope it works out. Small businesses can't survive months of construction typically; let alone months of social distancing. There are ways to limit your liability to weather the wave though.

WTF?

Sure, but that's a SHIT TON of people.