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Response to marmar (Original post)

Tue Jun 9, 2020, 12:25 AM

3. The stock market is all Big Dummy has to brag about.

What we're about to see is the total collapse of the demand side. People simply weren't paid enough to cope with a 2 month hiatus in paychecks, and that laughably low check plus unemployment might have kept a roof over their heads, but that's all it did. They're going to be spending months playing catch up on car payments, restocking kitchen staple items, utilities, credit card payments and late fees, and every other thing people are saddled with---and that's if they still have jobs. Many people out there are not going to have jobs as small businesses simply go under because they weren't making enough to lose their customer base for any length of time.

If this video doesn't make you want to tar and feather every single fat cat in government, then you didn't watch it all. Yes, the stock market should have been allowed to correct. Yes, the high risk hedge funds should have gone under, that is SO overdue. Yes, the pain should have been spread and the bailout should have been to trigger the demand side instead of the bloated supply side.

Thanks for posting this, this is worse than what Reagan did to us.

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Arrow 5 replies Author Time Post
marmar Jun 2020 OP
samsingh Jun 2020 #1
at140 Jun 2020 #4
duforsure Jun 2020 #2
at140 Jun 2020 #5
LineNew Reply The stock market is all Big Dummy has to brag about.
Warpy Jun 2020 #3
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