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kentuck

(115,952 posts)
Thu Jun 4, 2020, 07:41 PM Jun 2020

The people have not yet felt the full impact of the crisis in our economy. [View all]

It is now over 42 million people that have lost their jobs and filed for unemployment. Some of them probably had a little savings and a 401K plan. Some are getting their unemployment, plus the $600 per week stimulus for the unemployed. These folks have likely not felt a lot of pain thus far.

I'm sure that there are many that are having some difficulty getting their unemployment checks. They have been held up, or delayed for some reason, or outright denied? These folks are the ones we are likely to see in the food lines.

But the $600 per week stimulus is scheduled to end in July. People will then go back to work or they may not have a job to return to. That is when the economics of this depression will begin to be felt, in my opinion.

But, this is not the only crisis that we have to worry about. People are still dying by the thousands from the COVID-19. Hopefully, the summer will be hot and dry enough to dry up most of the virus? (If indeed the weather has any impact on the virus) It is still an unknown, whether or not we may get another huge surge, like that in NYC.

If that were all, that would be enough to challenge any society. But we have another crisis, also. We have a crisis in leadership, just as Leon Panetta, former Defense Secretary, warned on the Andrea Mitchell television show earlier today.

Of all the crises, the lack of leadership may be the most critical. America has no leadership coming from this White House. That is the reality we are burdened with.

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AND no good fuckers AND no good fuckers AND no good fuckers Eliot Rosewater Jun 2020 #1
Yes, but Scarsdale Jun 2020 #11
Recommended. H2O Man Jun 2020 #2
Several very powerful forces; the economy, the virus, American democracy - all empedocles Jun 2020 #6
Exactly. H2O Man Jun 2020 #8
We are handicapped in that we can only look at history in the rear view mirror... kentuck Jun 2020 #9
A crisis greater than we now know, trump always gets worse, yet empedocles Jun 2020 #10
The pain will last at least a decade MoonlitKnight Jun 2020 #3
I just got a notice saying my crappy pension may be cut CountAllVotes Jun 2020 #4
Damn! ProfessorGAC Jun 2020 #14
I got cheated the day they dumped me CountAllVotes Jun 2020 #16
My Sympathies ProfessorGAC Jun 2020 #18
The people I worked with are all dead now or sick as hell CountAllVotes Jun 2020 #20
we care Skittles Jun 2020 #30
"A hard rain's gonna fall." Yes. Glad it won't hurt you at least. nt Hortensis Jun 2020 #15
This is just what I know so far CountAllVotes Jun 2020 #17
Yes. Everything's always far more complex than we realize. Hortensis Jun 2020 #21
They will use it as an excuse CountAllVotes Jun 2020 #22
Yes, they are and will. It's not over until we find out if Hortensis Jun 2020 #23
We are Currently protesting racial injustice aquamarina Jun 2020 #5
Yes JustGene Jun 2020 #7
I think there are nonrecurring expenditures for households bucolic_frolic Jun 2020 #12
I bought a used one on ebay for $180 CountAllVotes Jun 2020 #19
I'd Say Some People Have ProfessorGAC Jun 2020 #13
How are state and local government budgets doing? JmAln Jun 2020 #24
Thank you Kentuck DENVERPOPS Jun 2020 #25
I fear you are correct. kentuck Jun 2020 #26
Well Trump is hiding in a bunker and there's danger coming at him from every angle. Initech Jun 2020 #32
The summer weather will not affect this COVID-19 virus. Crowman2009 Jun 2020 #27
June is their coolest month... kentuck Jun 2020 #28
But the stock market is booming, that's all the rethugs care about. captain queeg Jun 2020 #29
I'd expect continued support for out-of-work people through the election. gulliver Jun 2020 #31
Dems managed to stave off the worst of it so far... Wounded Bear Jun 2020 #33
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