If there is a silver lining in this pandemic - Its that maybe businesses and those rich folks

[tulipsandroses]

that loved their tax cuts - may stand to lose gains that gave them. I am not celebrating losing money, that actually has an effect on working folks if business lose money. My point, is maybe they will wake up to the reality, that you actually NEED a real functioning govt. I hate that working class people will also pay the price. But I was just thinking, Will these business folks that were voting for Trump because he was giving them what they wanted, realize now that you ACTUALLY NEED a real commander in chief that can take charge when crisis hits.
Unfortunately, this will not be our last crisis. There will be more in the future, history has shown this. These business owners should be asking themselves, even if they have no concern for working folks, are we not better off with someone that can minimize catastrophe when it hits?

[DinahMoeHum]

1. In a nutshell: if the rich want to survive this pandemic. . .

. . .they're gonna have to make sure the poor do too.

[LakeArenal]

2. Wow. That's really mean.

I have one stock that’s lost about 30%.
It’s an important part of our retirement.

Glad you can see the bright side.

[tulipsandroses]

5. I take it that you did not read the entire post or misinterpreted what I was saying

I am specifically speaking about business owners that were supporting Trump due to the tax cuts and breaks they were getting. Maybe now they realize that having real leadership matters. For their own bottomline. Even if they don't care about working folks

[LakeArenal]

8. Then the title (to me) is click bait.

I will take your word that the article says the opposite. Thanks.

[kimbutgar]

3. I guess it's also a case of government is not the problem you need government to protect you

If it’s a responsible government who cares about its citizens.

The Coronavirus doesn’t care about “liberties”!

[Yo_Mama_Been_Loggin]

4. As I keep repeating a lot of retirees are being hurt also

Most companies no longer offer a defined pension. Besides Social Security retirees live on what they may have saved in their 401k or IRA.

I lost $48,000 in Net worth today, a little over $100,000 since the Coronavirus panic started. My savings are lower than what they were when the orange idiot took office.

[tulipsandroses]

6. I am not speaking about working class folks. This post is related to business owners

The ones supporting Trump and saw no reason to abandon him before this.It may take something like this for them to realize that we need real leadership.

[kurtcagle]

7. Stocks will bounce right back up once this ends

according to Trump today. Right?!

The soonest a vaccine can be prepared will be November, according to reports from a company affiliated with the Pentagon. While I'd argue that stocks will eventually recover, we will test DJIA 15K well before we hit 30K.

Right now, I think most companies are still of the belief that this will only last a month; however, disruptions are going to seriously start hitting supply chains as ports get closed, as available truck drivers diminish, and as finished manufacturing gets idled. Tourism will not recover this year, retail is going to be hard hit, and as much as I'm a proponent of remote working, most companies are not prepared to go 100% virtual at this time.

Trump has the Devil's own luck, but after this, he's toast. if Biden is as smart as I think he is, the best thing he could do would be to start pulling together the threads of a pandemic task force to help coordinate a recovery effort from this. Ignore Sanders, keep the pressure on Trump, but to the extent possible start working with blue and purple states and external agencies to get a handle on getting a vaccine distributed as soon as possible, working with world leaders and basically acting like a president should. He'll need it by winter - Trump's done a serious number on HHS, the CDC and the FDA, and getting those back to functioning is going to take time and energy.

Re: business people - I own a business. Trump's economy has in general done very little to benefit me directly, indeed, I lost a number of deductions that had kept me afloat due to his "tax cuts". I have kept out of the market because I've been figuring something like this was about to happen. Markets that are kept afloat by smoke and mirrors tend to collapse spectacularly.